In September, eurozone inflation exceeded analysts' projections, closing the month with a 2.2 % increase. This trend was driven by rising prices for goods and services, particularly energy costs.
According to the European Central Bank (ECB) forecasts, "Eurozone inflation is expected to average 2.1…
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ECB accelerates development of the digital euro
Transforming euro banknotes into digital format is not a new idea. However, there are currently compelling reasons that are leading the European Central Bank (ECB) to accelerate the process toward a solution that safeguards the region's…
ECB launches platform for the use of digital euro
The European Central Bank unveiled its new platform for payments using the digital euro. Around 70 entities are participating in the initiative, including banks, fintechs, startups, and payment service providers.
The ECB had been working…