Search Results for: ECB

Gold Slides on Higher US Treasury Yields, dolar

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Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and…

ECB President Lagarde Warns of ‘Major Disaster’ If US Defaults on Debt Obligations

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There is a lot of discussion lately about the U.S. government’s debt ceiling and whether Congress will act before defaulting. V nedavnem intervjuju, Christine Lagarde, the president of the European Central Bank (ECB), said she is confident the U.S. lahko…

ECB Board Member Warns EU’s New Crypto Rules Not Sufficient

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A European Central Bank Supervisory Board member has warned that the crypto rules in the EU’s Markets in Crypto-Assets (MiCA) račun “will not be sufficient on their own.” While emphasizing that “MiCA will set out important safeguards to prevent incidents similar…

Core Inflation on Upward Trend, Further Rate Hikes Expected, ECB Execs Say

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Amid underlying inflationary pressures, further interest rate increases may still be needed, members of the European Central Bank’s Governing Council have admitted. Ob istem času, the cycle with the highest hikes may soon be over, the officials indicated. End of…

European Union to Put a 10,000-Euro Limit on Cash Payments; Transactions Over €1,000 in Crypto Will Be Scrutinized

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The states of the European Union have convened to establish a new limit on cash purchases and to strengthen the controls on cryptocurrency transactions. On Nov. 6 the bloc agreed to put a limit of €10,000 ($10,557) on cash payments and…

Queen Maxima of Netherlands Sees Multiple Benefits of Digital Euro

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Queen Maxima of the Netherlands has outlined multiple benefits central bank digital currencies (CBDC) could bring, particularly in the area of financial inclusion. “Governments could use a digital euro to channel financial support to low-income households. This would deepen longer-term inclusion,…

FX Strategists From Citi Say Euro Could Sink to $0.86 if Macro Turmoil Continues

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While the euro has found support between 0.96 do 0.97 nominal U.S. dollars per unit, foreign exchange (FX) strategists from Citi believe the euro could tap a low of around $0.86 against the greenback. While the dollar slumped on October 13,…

ECB Chooses Amazon and 4 Other Companies to Help Develop Digital Euro

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The European Central Bank (ECB) has selected five companies to help develop user interfaces for a digital euro. Each company will work with the ECB and focus on one specific use case of the digital euro. Amazon has been chosen to…

ECB’s Lagarde, Panetta See Digital Euro as More Efficient Payment Means Than Crypto

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Unbacked cryptocurrencies are not an efficient means of payment and stablecoins are vulnerable to runs, top officials at the European Central Bank have pointed out in a new article making the case for a digital euro. The executives have marked key…

Šefica ECB Lagarde: Kripto in Defi bi lahko pomenila 'resnična tveganja' za finančno stabilnost

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Predsednik Evropske centralne banke (ECB), Christine Lagarde, pravi kripto sredstva in decentralizirane finance (defi) have the potential to pose “real risks” to financial stability. She has some regulatory suggestions to supplement Europe’s Markets in Crypto Assets Regulation (MiCA)…