The European Central Bank (ECB) announced a half percentage point increase in the interest rate, raising it from 2.5 % to 3.0 % on average for deposit returns.
In a press release, the ECB explained that the increase will be reflected in the three official interest rates, with effect from March 22,…
Read More...
Browsing Tag
European Central Bank
Credit Suisse collapses on the stock market and asks the BCS for support
The negative effects of the bankruptcy of Silicon Valley Bank in the United States reached Europe. This Wednesday, Credit Suisse suffered a collapse of shares on the stock market and has requested a rescue from the Swiss Central Bank.…
ECB will study the response of banks to cyberattacks
The head of supervision of the European Central Bank, Andrea Enria, recently stated that the entity carried out a measurement of the response capacity of banks to cyberattacks.
Since the beginning of the war between Russia and Ukraine, the…
The ECB will analyze the risks of climate change for the financial sector
The European Central Bank (ECB) has announced that it will now use a series of environmental statistical indicators to monitor climate risks in the financial sector and to promote a sustainable banking system.
These new indicators will be…
ECB forecasts “very strong” growth in wages in coming quarters
Wage growth in the coming quarters will be "very strong" compared to historical patterns in the eurozone, according to economists from the European Central Bank (ECB) in an article in the latest bulletin of the institution. In the document,…
ECB prepares guidelines for digital assets
The European Central Bank (ECB) is working on the criteria that it will apply when harmonizing the necessary requirements to authorize cryptocurrencies in the region.
Through a statement issued this week, the banking supervision division…
Europe will raise interest rates
The Governing Council of the European Central Bank (ECB) will carry out this week the first rise in interest rates in the eurozone since July 2011, thus ending an era in the monetary policy of the eurozone in the face of harassment runaway…
Europe will launch a pilot test of the digital euro in 2023
Fabio Panetta, member of the executive board of the European Central Bank (ECB) and one of the officials with the greatest knowledge about the digital currency project, pointed out that the digital euro could be released on the market by…
Energy prices impact European inflation
Christine Lagarde, president of the European Central Bank (ECB) stressed that an increase in interest rates will not impact the reduction in energy prices, which are responsible for 50 % of the increase in inflation on the continent.
The…
The digital euro must be very attractive according to the ECB
The digital euro must have sufficient attractiveness in its design so that the public generally accepts it as a means of payment and is not redundant compared to other instruments. While avoiding excessive success as a store of value that…
ECB will bet on gender diversity
The European Central Bank (ECB) will pay more attention to the diversity in the composition of the boards of directors of European banks and will seek to ensure compliance with national frameworks and internal rules on gender quotas in the…
Ethereum hits a new all-time high
The second most important cryptocurrency in the world, ethereum, recently reached a new all-time high due to the important decision made by the European Central Bank (ECB), which involves the digital asset.
Specifically, the digital asset…