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Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says

[May 12, 2023 4:30 AM] Consumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank revealed. Survey data showing this comes after the monetary authority slowed the pace of its rate hikes last week…

ECB Raises Interest Rates by 25bps Amid ‘Too High’ Inflation, ‘No Pause,’ Lagarde Says

[May 4, 2023 9:30 PM] The European Central Bank (ECB) raised its key interest rates by 25 basis points, slowing the pace from previous increases. However, as inflation in the euro area remains persistently high, future rate hikes may still be expected with the regulator…

ECB Probes Decentralized Settlement for Wholesale Financial Markets

[Apr 28, 2023 2:56 AM] Euro regulators are looking again at their centralized settlement systems in seeking to keep pace with digital innovation as they explore central bank digital currencies.

‘Not the Right Time to Stop’ Rate Hikes, ECB Chief Economist Says

[Apr 27, 2023 6:30 AM] Current indicators suggest the European Central Bank (ECB) should raise the interest rate in May, the monetary authority’s chief economist said. Future increases will depend on the economic data but this is still not the right time to stop…

ECB’s Panetta Reinforces Digital Euro Focus on Payments

[Apr 26, 2023 5:30 AM] Fabio Panetta, a member of the executive board of the European Central Bank (ECB), announced the digital euro project was entering its final phase. Before the committee on economic and monetary affairs of the European Parliament, Panetta stated…

ECB President Lagarde on De-Dollarization: Reserve Currency Status Should No Longer Be Taken for Granted

[Apr 25, 2023 10:00 PM] European Central Bank (ECB) President Christine Lagarde has warned that the U.S. dollar’s reserve currency status “should no longer be taken for granted.” Acknowledging de-dollarization efforts by various countries, she stressed…

ECB considers digital euro access, distribution in third design progress report

[Apr 24, 2023 3:54 PM] The digital euro, if it is created, will be available to Eurozone users first through familiar onboarding procedures.

Lawmakers Could Still Nix Digital Euro, ECB’s Panetta Says

[Apr 24, 2023 10:01 AM] The ECB wants the CBDC to be universally accepted, and usable by those without bank accounts, the central banker said

Republicans Seek to Repeal Biden’s Inflation Reduction Act in Exchange for Raising US Debt Limit

[Apr 23, 2023 12:00 PM] There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and European Central Bank president Christine Lagarde warned…

European Parliament report recommends researching, but not launching, digital euro

[Apr 19, 2023 1:30 PM] A European economist has found that a digital euro would be a problem without a solution; just wait and see, he suggested.

Gold Slides on Higher US Treasury Yields, Dollar

[Apr 19, 2023 11:30 AM] Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United…

Europeans to See More Interest Rate Hikes, Central Bank Governors Indicate

[Apr 13, 2023 10:30 PM] Further rate hikes are warranted by persisting inflation in the eurozone, according to members of its monetary authority’s decision-making body. Two central bank governors, with different opinions about how aggressive the European Central Bank…

Despite Using Euro, Montenegro to Develop Own Digital Currency With Ripple

[Apr 13, 2023 5:30 AM] Montenegro intends to create and issue its own digital currency with help from U.S.-based crypto company Ripple. The Southeast European nation, which adopted the euro unilaterally, is moving to realize the plan despite the eurozone developing a…

ECB Board Member Warns EU’s New Crypto Rules Not Sufficient

[Apr 7, 2023 8:30 PM] A European Central Bank Supervisory Board member has warned that the crypto rules in the EU’s Markets in Crypto-Assets (MiCA) bill “will not be sufficient on their own.” While emphasizing that “MiCA will set out important…

Core Inflation on Upward Trend, Further Rate Hikes Expected, ECB Execs Say

[Apr 7, 2023 11:30 AM] Amid underlying inflationary pressures, further interest rate increases may still be needed, members of the European Central Bank’s Governing Council have admitted. At the same time, the cycle with the highest hikes may soon be over, the officials…

Crypto firms needs to be 'supervisable', says ECB board member

[Apr 5, 2023 11:04 AM] "We need to put more thought into imagining what international coordination will look like and how it can be effective in regulating the crypto world," said Elizabeth McCaul.

Major Crypto Firms Need Extra Rules, Global Cooperation, ECB’s McCaul Says

[Apr 5, 2023 9:21 AM] The central banker said firms like Binance should be forced to disclose legal status and lines of accountability, with extra rules on top of the EU’s planned MiCA

ECB Member Fabio Panetta Claims Rising Profit Margins Could Be Fueling Inflation

[Apr 4, 2023 10:30 PM] Fabio Panetta, a member of the executive board of the European Central Bank (ECB), has stated that companies increasing their profit margins could be helping to fuel inflation. In an interview with the New York Times, Panetta warned about the…

Bitcoin Advocacy Group Illuminates ECB, Eurotower, Encouraging Adoption And Education

[Mar 30, 2023 1:12 PM] The "Bitman" collective advocated for Bitcoin adoption by illuminating the ECB building with the Bitcoin logo. The "Bitman" collective, a group advocating for the adoption of Bitcoin, illuminated the Eurotower and the European Central Bank (ECB)…

European Banking Federation shares its vision of digital euro, wCBDC, bank tokens

[Mar 28, 2023 11:30 AM] The EBF calls itself the voice of the European banking sector; it expressed its support for European digital money, with suggestions of its own.

Digital Euro Key for European Payment Autonomy, ECB President Lagarde Says

[Mar 24, 2023 8:00 AM] The digital euro has an important role in preserving the payment autonomy of Europe, the head of the eurozone’s monetary authority emphasized. The new currency, which is still under development, is meant to be sovereign and safe, cheap and widely…

EU Crypto Banking License Procedures Are Too Inconsistent, ECB Says

[Mar 21, 2023 5:30 AM] The eurozone supervisor is seeking to smooth out a process dominated by German and Luxembourgish banks.

Undeterred by Fears of a Banking Crisis, ECB Raises Interest Rates by 50bps

[Mar 17, 2023 4:30 PM] The European Central Bank (ECB) has convened to raise three of its key interest rates by 50bps (0.5%), fueled by the persistence in the inflation numbers reported by the bloc. Christine Lagarde, president of the institution, stated that the banking…

Central Banks Continue to Show Strong Demand for Gold in 2023, Says World Gold Council Report

[Mar 5, 2023 4:30 PM] Central banks show continued demand for gold in 2023, as per a recent report from the World Gold Council (WGC), which noted that the world’s central banks accumulated 31 tons of the precious metal in January. Turkey was the largest gold…

Bullish crypto traders maintain the upper hand despite the total market cap rejecting at $1T

[Jan 19, 2023 3:30 PM] Former BitMEX CEO Arthur Hayes says catastrophe is coming for the crypto sector, but derivatives data shows bulls slowly taking control of the market.

Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy

[Jan 19, 2023 2:30 AM] The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the single currency area’s monetary authority sought to reassure future users that the…

EU finance ministers’ group releases statement on political aspects of digital euro

[Jan 16, 2023 3:48 PM] The Eurogroup confirmed its support for digital euro research and noted that some of the design and use elements under consideration would require political decision making.

ECB’s Fabio Panetta: Unbacked Cryptos Are a ‘Vehicle for Gambling’ Lacking ‘Intrinsic Value’

[Jan 6, 2023 4:30 AM] Fabio Panetta, part of the Executive Committee of the European Central Bank (ECB), believes that unbacked cryptocurrency assets are vehicles for gambling without intrinsic value, which need to be regulated. In an opinion piece, Panetta states that…

Crypto can get weird: The 5 strangest stories of the industry in 2022

[Dec 24, 2022 9:12 AM] Filmmakers are interested in documenting one of this year’s weirdest stories in crypto, but what else made the list?

ECB to Decide Whether to Issue Digital Euro in 2023

[Dec 24, 2022 5:30 AM] The European Central Bank (ECB) has published a new report on the progress of its investigation into the possible launch of a digital euro. The research will continue next year with the regulator planning to make a decision whether to proceed to…