The European stock markets have digested the agreement on the Swiss banks positively. After erasing their initial losses, European banking stocks turned positive again. European policymakers also hailed the emergency takeover of troubled banking giant Credit Suisse by its Swiss counterpart UBS as a decisive step to support the financial system and reassure markets. During … Read more
Tuesday 07 February 2023 Inflation problem not solved Bundesbank boss demands much higher interest rates “It would be dangerous to think that we are already through and that the inflation problem is over,” says Bundesbank President Nagel. (Foto: picture alliance/dpa) In January, inflation in the euro area fell sharply to 8.5 percent. A positive development, … Read more
European Central Bank President Christine Lagarde told a Croatian newspaper that eurozone wages are growing faster than previously thought and that the ECB should prevent this from adding to already high inflation. The European Central Bank has raised interest rates by a total of 2.5 percentage points since July in an effort to stem a … Read more
With the ECB’s decision to raise key interest rates in the euro area by 0.5 percent, negative interest rates for banks and savers are history. However, that does not mean that concerns about a euro crisis have completely disappeared. The first step is far bolder than expected: At their last meeting in Amsterdam six weeks … Read more
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The European Central Bank announces the end of its monetary support to the economy after years of buying bonds and decides to raise interest rates. The European Central Bank ends bond buying and decides to raise interest rates In the face of record inflation, the European Central Bank announced today, Thursday, that it is ending … Read more
A dramatic increase in the size and complexity of crypto markets means that the sector is on the way to becoming a risk to financial stability that urgently needs to be regulatedsaid the European Central Bank (ECB). Although, the volatility recent has not been contagious for the rest of the world financial systemthe threat is … Read more