Central Banks Maintain Rates Amid Inflation Concerns: Are Rate Cuts Still Far Off?

2023-09-22 17:01:57 Have central banks finished raising rates to stem inflation? Uncertainty remains but monetary institutions agree to postpone the prospect of the first cuts until the distant future. The American Federal Reserve (Fed) has thus this week, as hoped by the markets, maintained its rates at their current level (range of 5.25 to 5.5%). … Read more

ECB Raises Benchmark Interest Rate to Highest Level Since 2001: Impact on Euro Economy and Critiques

2023-07-27 21:48:36 A year after kicking off the fastest rate hike cycle in history, by 4.25 percentage points to date, the euro keepers have stayed the course. (Photo: 123RF) Frankfurt — The European Central Bank (ECB) on Thursday raised its benchmark interest rate to its highest level since May 2001, but opened the door to … Read more

European citizens called upon to choose the future designs of euro banknotes

2023-07-10 10:54:16 It is for the big European fundraisers to try to find common denominators for the twenty countries that use the single currency, avoiding any national bias Studio Empreinte / stock.adobe.com Birds, rivers or hands? the ECB launches a consultation on the themes of the new generation of banknotes. Imaginary arches, bridges or stained … Read more

The Future of Digital Euro: A Dematerialized Currency Project Sparking Controversy and Banks’ Resistance

2023-06-28 12:37:56 The European Commission presented on Wednesday a legislative framework for the future digital euro, a dematerialized version of the single currency, a project that arouses conspiratorial fantasies and hostility from banks and which has yet to convince of its usefulness. Electronic currency will only be a payment option, in addition to cash. Stored … Read more

European Central Bank plans to continue rate hikes despite inflation concerns

2023-06-01 12:41:29 Over the past nine months, the monetary institution has decided on seven rate hikes in a row, a total of 3.75 percentage points. By Le Figaro with AFP Posted on 06/01/2023 at 13:09update on 01/06/2023 at 14:41 This content is not accessible. European Central Bank President Christine Lagarde. THILO SCHMUELGEN / REUTERS The … Read more

“ECB President leaves door open to further rate hikes in face of high inflation: Latest updates”

2023-05-10 10:53:55 Despite all the efforts made within the euro zone to contain inflation deemed still too high, the President of the European Central Bank raised the possibility of a new rate hike. By Le Figaro with AFP Published on 05/10/2023 at 12:53 This content is not accessible. The ECB hopes to bring inflation down … Read more