European Central Bank Chooses Gold Over Bitcoin for Strategic Reserves
ECB President Christine Lagarde dismisses Bitcoin as a potential reserve asset, while multiple US states propose its adoption for strategic reserves.
Eurozone Inflation Hits Two-Year Low as Economic Contraction Persists
Despite the varied economic performance across the 20-country common currency bloc, the challenges stemming from high inflation persist.
ECB: Digital Euro Enters ‘Preparation Phase’
By Darya Rudz
If successful, the project will further move to the next stage, closer to the issuance. The full rollout will be possible only after completing the European Union’s legislative process by the Governing Council.
Europe Stocks Climb Higher after US Congress Approve Bill to Increase Debt Ceiling
By Tolu Ajiboye
Stocks in Europe and Asia have risen in response to the debt ceiling increase approved by lawmakers in the US.
ECB President Says Euro Zone Inflation Still ‘Too High’ as Rate Falls Lower than Expected to 6.1%
By Tolu Ajiboye
Inflation in the Euro zone has fallen to 6.1% as individual countries are also recording reductions. However, Lagarde plans more rate hikes.
Swedish Central Bank Proposes Collaborative Model for e-Krona Retail Payments
Riksbank proposed the use of e-Krona for retail payments under different conditions while evaluating factors such as transparency, privacy, and governance.
ECB Raises Interest Rates by Half Percentage Point amid Financial Sector Woes
By Tolu Ajiboye
After much thought, the ECB has increased interest rates by 50 basis points to stem sustainably high inflation.
ECB Announces 50-Basis-Point Interest Rate Hike as Observers Believe Worst Is Over
By Tolu Ajiboye
Despite a new interest rate hike by the ECB, markets climbed 3.1% with hopes that an end to rate increases is in sight.
ECB Slows Down But Hints at Major Rate Hikes Ahead to Shrink Balance Sheet
ECB President Christine Lagarde said that they would conduct significant rate hikes in the coming months and there’s no decision on pivoting anytime soon.
Eurozone Inflation Receding and Now Pegged at 10%
The cost of living crisis was a major challenge for the region this year as it attempted to bring down energy costs.
ECB’s President Christine Lagarde Calls for Further Crypto Regulations Following FTX Collapse
The FTX bankruptcy has surprised many investors with fears of possible unexpected centralized crypto exchange collapse.
Netherlands Queen Declares Support for Digital Euro
The Queen declared her support for the digital euro while speaking virtually at a conference organized by the European Commission.
European Central Bank (ECB) Hikes Interest Rates by 50 Basis Points, First Hike in 11 Years
By Tolu Ajiboye
Prior to this development, the ECB had kept rates at historic lows in negative territory since 2014.
Fed Chairman Jerome Powell Says the Central Bank Is Closely Tracking Crypto Activities
Fed Chairman said that cryptocurrencies don’t have any major implications on the US financial system so far. However, Chairman Powell demanded a stronger regulatory framework.
ECB President Says Crypto Is and Has Been Threat
he ECB predicts that the digital euro will be available in two years.