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European Central Bank

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

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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 […]

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

Leave a Comment / 2023, Assets, Bitcoin, buyer, Central Banks, China, Crypto Hacked, Cryptocurrency, Demand, ECB, Economics, Economy, Ethereum, European Central Bank, Eurozone, financial, Global, gold, holdings, IMF, International Monetary Fund, investment, january, Kazakhstan, Krishan Gopaul, Markets, Metal, net buying, precious metal, Price, Purchases, Records, reserves, sales, seller, troy ounce, Turkey, U.S. dollar, Uzbekistan, WGC, World Gold Council / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

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

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Bank of Spain Greenlights Euro-Backed Stablecoin Token Pilot Program

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The Bank of Spain has given approval for the launch of a pilot program involving the issuance and usage of euro-pegged stablecoins. The program, which MONEI, a fintech institution, is launching, will allow users to issue digital euros with fiat deposits in order to experiment with these in payment applications, increasing their transparency. Bank of

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