THE EthereumThe second largest cryptocurrency in the market, returned to Register inflation in its financial basis This week. This is This happens the first time in the past two years. The story starts in September 2022, when the developers the The merge update. In addition to migrating proof-of-work to proof-of-stake, she also presented drastic changes […]
Tag: Inflation
Now Putin admits that Russia is a problem: it is called inflation
Inflation in Russia continues to grow to the point where President Vladimir Putin acknowledges that there is a problem in the federation. It rose to 9.9 percent in January and exceeded 9.5 percent recorded last year. The leader of the Kremlin accepted the existence of a “challenge” for the national economy and ordered to take […]
High inflation in Poland will last longer. The MPC explains why
Loosening energy prices could extend the period in which inflation remains above target, the Monetary Policy Council said. “In the Council’s assessment, inflation will remain well above the NBP inflation target in the coming quarters, which will be driven by the effects of the past increase in energy prices, as well as increases in excise […]
Mortgages and loans, what will be the effects of the ECB’s new rate cut: see how much you will save
The ECB cuts rates. What will be the effects for savers and investors? The Governing Council today decided to reduce the European Central Bank’s three key interest rates by 25 basis points. Therefore, the interest rates on deposit facilities, main refinancing operations and marginal lending operations will be reduced to 3.00%, 3.15% and 3.40%, respectively, […]
Will there be a new banknote? High denomination
The NBP does not rule out that a new banknote will appear in Poland. The nominal value would be PLN 1,000. NBP President Adam Glapiński already spoke about the possibility of introducing a PLN 1,000 banknote in 2021. The NBP chief emphasized that this would happen during his second term as head of the central […]
Inflation in Europe is below 2 percent, but Lagarde suppresses interest rate cut excitement
Inflation in the Eurozone fell below the 2% target set by the European Central Bank as the reference level. The new scenario gives rise to the hope that interest rates can be reduced even further, although European Central Bank President Christine Lagarde was very cautious on this issue in the European Parliament yesterday. Eurostat data […]
Economy, Italian families are not doing well: real income is falling
Real household income continues to fall, but employment is rising. This is the picture from Eurostat data that captures the differences between our country and the rest of the European Union. In 2023, real gross disposable household income is falling mainly due to high price growth and is more than six percentage points below the […]
Tourists buy pecorino and sausages from street vendor, bill 1,155 euros: ‘These were niche products’
They paid 1,155 euros for four pieces of cheese and sausage. Scam? No, at least according to the seller, who responded to the accusations by explaining that he sells “niche products”. Almost four kilos of dried meat and pecorino. At an astronomical price. The events, which took place in Porto Istana, not far from Olbia, […]
Prof. Krysiak: A wave of bankruptcies and unemployment lies ahead
– We are dealing with high inflation, low economic growth and rising unemployment – says economist Prof. Zbigniew Krysiak, President of the Schuman Thought Institute, in an interview with DoRzeczy.pl. DoRzeczy.pl: Professor, what you and many other experts predicted has happened. In July, we see a big increase in inflation of 1.4 points. percent monthly. […]
ECB cuts interest rates by 25 points after 10 consecutive increases
The Governing Council of the European Central Bank (ECB) decided to reduce the three reference interest rates for the cost of money in the euro zone by 25 basis points. Therefore, the interest rates applicable to main refinancing operations, marginal lending facilities and deposit facilities will be reduced to 4.25%, 4.50% and 3.75%, respectively, with […]