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Tag Archives: ECB

Despite Bitcoin’s Soaring Success, Critics Still Lurking

European Central Bank advisors have described the U.S. Securities and Exchange Commission’s approval of spot Bitcoin exchange-traded funds in January as “the naked emperor’s new clothes” in their latest blog post. The advisors, Ulrich Bindseil, ECB Director General for Market Infrastructure and Payments, and Advisor Jürgen Schaaf, criticized Bitcoin, outlining its unsuitability as a means of investment or payment. ECB Advisors Challenge Bitcoin’s Validity While the Bitcoin...

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Inflation in Europa

Die jährliche Inflation im Euroraum für Januar 2024 wird auf 2,8 % geschätzt, gegenüber 2,9 % im Dezember 2023. Diese vorläufigen Schätzungen basieren auf Daten von Eurostat, dem statistischen Amt der Europäischen Union. Die Hauptkomponenten der Inflation, die im Harmonisierten Index der Verbraucherpreise (HVPI) erfasst werden, umfassen Nahrungsmittel, Alkohol und Tabak, Energie sowie andere Waren und Dienstleistungen, wobei Nahrungsmittel, Alkohol und Tabak...

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ECB’s Christine Lagarde Says Her Son Lost Big Time In Crypto

Christine Lagarde – president of the European Central Bank (ECB) said her son lost “almost all” of his investment in crypto despite her repeated warnings not to touch the asset class. Due to the losses, she claims her son has now “reluctantly accepted” that she was right. The Lagarde Family’s Crypto Investments Lagarde discussed her son’s poor crypto journey at a town hall with students in Frankfurt on Friday. “He ignored me royally, which is his privilege,” she said,...

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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. The Eurozone is grappling with a significant economic downturn, as recent data indicate a sharp drop in inflation and a contraction in the region’s economy. According to a preliminary report published Tuesday by Eurostat, the European Union statistics agency, inflation across the region plummeted to a two-year low of 2.9% in October, marking a...

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Euro Zone Inflation for September Falls to 4.3% Lowest Level Since October 2021

Euro zone inflation has reduced to its lowest point in nearly 2 years after the European Central Bank hiked rates for the 10th time. The euro zone annual inflation level fell to its lowest this month, since October 2021. Annual inflation fell to 4.3%, down from 5.2% in August. Also, core inflation fell from 5.3% in August to 4.5% in September. Core inflation excludes energy, food, alcohol, and tobacco. The reduction in inflation comes after the European Central Bank (ECB) decided to...

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EU Central Banks Facing Triple Dilemma amid Growing Inflation

Central Banks around the world are grappling with the difficult task of managing excessive inflation while maintaining economic development. In recent times, Central Banks in the European Union (EU) are facing a triple dilemma that demands delicate balancing acts and strategic decisions following persistent high inflation that is threatening to cripple the economy. The Triple Dilemma Carsten Brzeski, the Global Head of Macro at Dutch bank ING, succinctly sums up the challenge facing...

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ECB Announces 10th Consecutive Interest Rate Hike amid Inflation Battle

High energy prices can have a cascading effect on other sectors of the economy, contributing to the overall rise in consumer prices. The European Central Bank (ECB) has announced its 10th consecutive hike in its main interest rate. This decision has catapulted the Central Bank’s main deposit facility rate from -0.5% in June 2022 to a historic 4%. The ECB’s Commitment to Tackling Inflation While this decision may seem drastic, it reflects the ECB’s unwavering commitment to controlling...

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European Central Bank Blasts PayPal in Push for its Own CBDC

On Sept. 4, Fabio Panetta, ECB Executive Board member at the Committee on Economic and Monetary Affairs of the European Parliament, said the central bank was nearing the end of its research and investigation phase. It will soon decide whether to move to the next phase of potentially developing and issuing a digital Euro. The ECB first published a report on a CBDC in October 2020, and three years later, they’re ready to move forward. Big Tech Warning The first key aspect is...

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Eurozone Q2 GDP Beats Expectations, Inflation Down but Economists Still Fear Recession

CoinspeakerEurozone Q2 GDP Beats Expectations, Inflation Down but Economists Still Fear Recession While inflation in Eurozone shows signs of slowing down, it still remains much higher than the targeted 2%. Economists also pointed out other cracks in the Eurozone economy. Eurozone Q2 GDP Beats Expectations, Inflation Down but Economists Still Fear Recession

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