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ECB

digital-euro-key-for-european-payment-autonomy,-ecb-president-lagarde-says

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

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 available, Christine Lagarde assured during a discussion devoted to central bank digital currencies. Payment Cards […]

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

undeterred-by-fears-of-a-banking-crisis,-ecb-raises-interest-rates-by-50bps

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

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 sector in Europe was resilient and that the institution was ready to provide liquidity if

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

central-banks-continue-to-show-strong-demand-for-gold-in-2023,-says-world-gold-council-report

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

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 buyer, adding 23 tons to its central bank’s stash, while the People’s Bank of

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

eurozone-finance-ministers-pledge-support-for-digital-euro-project,-talk-privacy

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

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 new currency will be “preserving privacy by default and by design.” Eurogroup to Remain Involved in

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