Currently the eurozone is going through a moment of economic weakness, after the crisis Gross Domestic Product (GDP) fell by 0.1% in the third quarter, while the inflation has been restored, just like the ECB. The eurozone ended 2023 with inflation of 2.9%, up five-tenths between November and December, although the underlying – which excludes […]
Tag: ECB
The president of the European Central Bank says his son has lost ‘almost everything’ with cryptocurrencies
Participating in an event in Frankfurt, Germany, Christine Lagarde answered questions from about 200 young people this Friday (24). The highlight is the president of the European Central Bank (ECB) spoke about his son’s investments in cryptocurrencies and stated that he had lost money. Asked about her opinion on cryptocurrencies, Lagarde laughed at first but […]
Interview The digital euro is coming to say goodbye to POS, bank transfers and current account costs The ECB is preparing to launch a kind of community ‘bitcoin’, a bomb-proof system for the day when there is no cash left. Advantages? It’s huge for both citizens and businesses. “Europe is after China, it can be the world leader in the sector”
Thanks to the digital euro, Europeans will be able to get by without banks (or almost all of them) and all the intermediaries we need today for our economic transactions. This will reduce costs for citizens by making payments instant and free of charge, including international payments. The benefits will be for everyone, but especially […]
Good news for mortgages and loans: ECB stopped interest rate increases
As a result, the slowdown that markets and analysts expected occurred. The European Central Bank decided to stop increasing monetary interest rates after 10 consecutive interest rate hikes. The rate for the main refinancing remained unchanged at 4.50%, the rate for deposits remained at 4% and the rate for marginal loans remained at 4.75%. The […]
ECB raises its interest rate by half a percentage point to 3.5%
The European Central Bank (ECB) decided on Thursday to raise its interest rates by half a percentage point to 3.5%, because inflation in the euro area is still very high. After the Governing Council meeting, the ECB reported that it is also increasing the credit facility, which lends banks overnight, by 50 basis points to […]
The ECB raises interest rates by half a percentage point, to 3%
The European Central Bank (ECB) this Thursday decided to raise interest rates by half a percentage point to 3%, the fifth consecutive increase, after eurozone inflation slowed for three consecutive months, and announced its intention to raise rates by another half a percentage point in March. After the Governing Council meeting, the ECB announced that […]
Weak euro forces more aggressive rate hikes to curb inflation
All week the euro and dollar danced on a tightrope: they reached exchange rate parity (the same value) last Tuesday – as had happened last July, 20 years later – and since then the European single currency has been sometimes below the line and sometimes slightly above. What is certain is that the euro is […]
ECB. Very high corporate profits will exacerbate inflation
Central bankers in the eurozone are not only concerned about wage increases. Major monetary policymakers have always warned of the so-called second-round effects that will fuel inflation even more and, at the limit, make it difficult for the European Central Bank (ECB) to keep inflation around 2%. Salaries are often the main (often the only) […]
Interest rates rise as needed until inflation falls to 2%
“We send a clear message to companies, employees and investors: inflation will return to our target of 2% in the medium term”said Lagarde in an opinion piece for the German group Funke Mediengruppe. The measures taken so far are already having an impact on interest rates across the eurozone, according to Lagarde. The comments, reported […]