The managing director of the International Monetary Fund (IMF) asked the central banks to adopt "decisive actions" for the benefit of the economies of their countries in the current inflationary context, aggravated by the war situation in Ukraine and Russia.
"Decisive action is needed from central…
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central banks
ECB will continue with its economic stimulus policy
ECB President Christine Lagarde recently pointed out that raising interest rates too quickly would stifle the Eurozone's recovery. "Raising the main interest rate of the European Central Bank now would not reduce the historically high…
The European Union estimates to launch its digital currency in 2025
The European Commission continues to work on the development of the digital euro and they estimate to finalize a first prototype of their digital currency by the end of this year. But the commission plans to launch it on the market,…
Banxico will issue its digital currency in 2024
In 2021 the central banks of different countries discussed the possibility of creating digital currencies (CBDs, with its acronym in English) in the coming years. The Bank of Mexico (Banxico) reported that it will issue its digital…
Bitcoin hits new all-time high and reaches $ 63,000
This Tuesday, April 13th, bitcoin surpassed $ 63,000 (equivalent to 52,985 euros) for the first time and set a new record, close to $ 63,200 (53,153 euros), driven by investors' fear of inflation.
According to the Bloomberg news portal,…
Spain launches its library of digital currencies
The Catholic University of Ávila (UCAV in Spanish) announced the launch of the first virtual library in Spain, intended for the exclusive study of central bank digital currencies.
The main objective of this space is to disseminate as much…
Bitcoin increases pressure on central banks
As cryptocurrencies like bitcoin increase in value, hand in hand with increasing use, the pressure on central banks grows even more.
If the most popular digital asset in the world is taken into consideration, it is observed how it has…
The BIS announces a new open investment fund
The Bank for International Settlements (BIS) announced a second open investment fund focused on green bonds for central banks and other official institutions, the entity said in a statement.
This second fund will be denominated in euros,…