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 2026 and by 2023 it is planned initial phase of development…
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European Central Bank
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…
ECB predicts economic growth in the European region
The euro zone economy will grow this year at a rate of 4 %, one tenth more than expected last December, although in 2020 the rebound will be 4.1 % instead of the 4.2 % previously estimated. Meanwhile, the bloc's inflation rate will…
Euro depreciates against the dollar
After the inflationary process that occurred in January, the euro depreciated against the dollar, despite the fact that it also showed weakness.
In numbers, the European currency closed the month of January at 1.2023 dollars, thus showing…
Future of the digital euro will be decided mid-year
The European Commission and the European Central Bank joined forces to take into account all the details and problems that could arise from the implementation of the digital euro in the market.
According to the statement, both institutions…
ECB rates bitcoin as a speculative asset
In an online event, the president of the European Central Bank, Christine Lagarde, reported that bitcoin has a high level of speculation and needs to be regulated.
At the Reuters Next conference, Lagarde reported that the popular…
Euro passed the $ 1.22 mark after Brexit deal
The Efe agency reported that the euro exceeded 1.22 dollars in the currency market of Frankfurt (Germany), on a festive day in Europe and hangover, after the agreement between the United Kingdom and the European Union (EU) that will define…
Banks in Europe have supported during the pandemic, but they can end badly
Ten years after emerging from the last global financial crisis, which mainly affected advanced economies, in 2020 the world has once again been plunged into serious economic problems, which have been caused by having to apply confinement…
The euro recovered on a day marked by Trump’s illness
The euro recovered this Monday, September 5, and showed an upward trend in a day still marked by the coronavirus disease of the president of the United States (USA), Donald Trump.
The common currency was trading at $ 1.1788 at 15:00 GMT…