Tagged: ecb

June 6, 2024 @ 10:23 am By JD Alois  |  

While stating the 2% target rate of inflation is still in place, the European Central Bank (ECB) has cut benchmark rates by 25 basis points. The ECB said the European economy is starting to grow, and they anticipate the 2% target will be hit in… Read More

June 5, 2024 @ 11:13 pm By JD Alois  |  

The European Central Bank (ECB) is expected to cut interest rates tomorrow (June 6) as growth flags across Europe. Earlier today, the Bank of Canada reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5%, noting that the global economy… Read More

June 3, 2024 @ 8:52 am By Omar Faridi  |  

The European Central Bank (ECB) has released the latest results / findings from the consumer expectations survey results, covering the April 2024 period. When compared with March 2024, the ECB update reveals: median consumer inflation perceptions over the previous 12 months were unchanged, while median… Read More

May 24, 2024 @ 8:57 am By Omar Faridi  |  

The European Central Bank (ECB) is focused on carrying out DLT or distributed ledger technology trials, which are currently underway. The Eurosystem is currently testing distributed ledger technology (DLT) for wholesale transactions in central bank money. During these trials, 16 private firms as well as… Read More

May 20, 2024 @ 7:31 am By Omar Faridi  |  

Financial stability in the euro area has benefited from an improving economic outlook, with inflation steadily declining and investor confidence recovering, according to the May 2024 Financial Stability Review, which was released by the European Central Bank. The outlook remains fragile, however, as the “scope… Read More

February 23, 2024 @ 9:47 am By JD Alois  |  

The European Central Bank (ECB) has published a critical report on Bitcoin. The report follows the approval of Bitcoin ETFs in January by the US Securities and Exchange Commission. In a blog post by Ulrich Bindeil, DG of Market Infrastructure & Payments at the ECB,… Read More

January 11, 2024 @ 10:13 am By Omar Faridi  |  

The European Central Bank (ECB) has published experimental statistics on Distributional Wealth Accounts (DWA) to provide quarterly and timely household distributional information that is consistent with the national accounts. The new data have been developed to “support the ECB’s 2021 monetary policy strategy, which aims… Read More

December 27, 2023 @ 10:24 pm By Omar Faridi  |  

The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) published a joint report on the impact of climate change on the European Union (EU) financial system. The report sets out detailed frameworks for “addressing risk to the financial system by (i) gathering… Read More

December 12, 2023 @ 8:07 am By Omar Faridi  |  

The European Central Bank (ECB) has shared its latest Consumer Expectations Survey results. As noted in an update posted by the ECB, when compared with September 2023: median consumer inflation expectations for the next 12 months and for three years ahead remained unchanged; expectations for… Read More

December 4, 2023 @ 11:49 pm By Omar Faridi  |  

In the latest round of the twice-yearly Survey on the Access to Finance of Enterprises (SAFE) in the euro area, covering the period from April to September 2023, firms reported “an increase in turnover, although the net percentage was lower than in the previous survey… Read More

November 26, 2023 @ 10:13 am By Omar Faridi  |  

European Central Bank President Christine Lagarde is known for her anti-crypto stance, referring to virtual currencies as being highly speculative, completely worthless, and often used as a tool by bad actors/criminals for engaging in illicit activities. Recently, the ECB President Christine Lagarde claimed that her… Read More

November 15, 2023 @ 5:14 pm By Omar Faridi  |  

European Union rules and guidelines for protecting the financial system from risks due to cryptocurrency transactions reportedly come with a loophole that enables banking institutions to circumvent certain safeguards, and these must be addressed immediately, according to the European Central Bank‘s chief supervisor Andrea Enria…. Read More

October 26, 2023 @ 9:15 am By JD Alois  |  

The Governing Council of the European Central Bank (ECB) has decided to hold rates steady today. The Council indicated that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at… Read More

October 18, 2023 @ 10:59 am By JD Alois  |  

While a decision is not yet final, the European Central Bank (ECB) has entered the “preparation phase” to issue a digital Euro. The ECB has been ruminating on the pros and cons of a central bank digital currency (CBDC) for some time now. This most… Read More

September 5, 2023 @ 3:54 pm By JD Alois  |  

European Central Bank (ECB) Member of the Executive Board, Fabio Panetta, has issued a speech on a central bank digital currency (CBDC) advocating on behalf of issuing a digital Euro. Europe, like many other jurisdictions around the world, is reviewing the pros and cons of… Read More

May 31, 2023 @ 11:45 pm By Omar Faridi  |  

The European Central Bank (ECB) has published its card fraud report, which is “based on information provided by 20 card payment scheme operators.” Card fraud in 2021 “continued its downward trend, falling to its lowest level since data collection began.” It reportedly “constituted 0.028% of… Read More

May 4, 2023 @ 9:36 am By JD Alois  |  

  The European Central Bank (ECB) has increased its benchmark rate by 25 basis points following a similar move by the US Federal Reserve. In a statement, the ECB said the inflation remains elevated, and the Governing Council concurs with its prior assessment of the… Read More

March 16, 2023 @ 9:22 am By JD Alois  |  

Pointing at persistent inflation, the European Central Bank (ECB) has increased benchmark rates by 50 BPS. The Governing Council of the ECB said it decided to raise the three key interest rates by 50 basis points. Accordingly, the interest rate on the main refinancing operations… Read More

February 2, 2023 @ 4:00 pm By JD Alois  |  

The European Central Bank (ECB) raised its benchmark rate by 50 basis points today, as was broadly expected. In explaining its decision, the ECB said that the underlying inflation pressures will necessitate another 50 basis points at its next monetary policy meeting in March After… Read More

December 15, 2022 @ 11:08 am By JD Alois  |  

The European Central Bank (ECB) announced an interest rate increase of 50 basis points today on three key rates following similar decions by the Bank of England and the US Federal Reserve. The goal is to halt persistent inflation, which is decimating economies around the… Read More