The green turning point of the European economy begins with ECB employees. Or at least that’s what Frank Elderson, one of six board members of the European Central Bank, wants. “I don’t want these people anymore,” the senior official reportedly said during an internal meeting, referring to those who did not share the Frankfurt institute’s […]
Tag: European Central Bank
The ECB faces its first meeting of 2024, during which it will cut interest rates
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 […]
The European Central Bank says Bitcoin is a store of value
After years of criticizing cryptocurrencies, the European Central Bank (ECB) has recognized that Bitcoin is a store of value. Going further, the study also states that Bitcoin may be better than some sovereign currencies, especially in countries hit by inflation. The document was signed by Paola di Casola, senior economist at the ECB, and Maurizio […]
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 […]
Inflation in the Eurozone. The European Central Bank increases interest rates
The European Central Bank raised interest rates by another 0.25 percentage points. The reason for this is inflation in the eurozone, which remains above target. Justifying its decision, the ECB again indicated that it had raised rates enough to curb inflation, indicating that the series of increases could soon come to an end. “Based on […]
Record earnings Inflation tricks: so banks almost doubled their profits thanks to our money Zero-cost liquidity thanks to our current accounts and higher returns due to inflation and the rise in the cost of money: there is a boom in extra profits The banking sector is almost never redistributed among savers. Now someone’s starting to break ranks
A fire with an increasingly less efficient fire extinguisher. This can be summarized as the rise in prices that the ECB has been trying to mitigate by raising interest rates for over a year. And inflation, a word we now reminisce about the last century, has now become an overwhelming part of our lives. We […]
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 […]
The interest goes up. ECB promises to protect the weak, but Germans are already creating problems
Eurozone interest rates, set by the European Central Bank (ECB), rose yesterday for the first time in more than 11 years, ending the era of zero rates that had lasted since 2016. At the same time, fearing a more aggressive response from public debt speculators, the ECB advanced with its famous Protective Shield for the […]
ECB only gives special protection to countries whose debt is sustainable
The protective shield that the European Central Bank (ECB) can use in extreme cases to protect certain countries from speculative attacks on the interest rates on their public and private debts, in the current environment of rising interest rates, will impose four weighting conditions and all of them must fulfilled in a “cumulative” manner, the […]