Auto Added by WPeMatico

ECB Hikes Interest Rates by 50bps; Signals Need for Further Hikes to Fight Inflation

The European Central Bank (ECB) decided to hike three of its key interest rates by 50 basis points (0.5%) as part of its ongoing war against inflation. The organization stated…

Continue ReadingECB Hikes Interest Rates by 50bps; Signals Need for Further Hikes to Fight Inflation

Bitcoin’s Value Artificially Inflated and Rarely Used for Legal Transactions, Says ECB

The latest critique came from the top leadership at European Central Bank (ECB), who stated that Bitcoin’s value “is likely to be artificially induced” while adding that the crypto-asset is…

Continue ReadingBitcoin’s Value Artificially Inflated and Rarely Used for Legal Transactions, Says ECB

ECB Blog Post Insists This Is ‘Bitcoin’s Last Stand,’ Officials Claim BTC Is Headed Toward ‘Irrelevance’

On Wednesday, Nov. 30, 2022, a blog post published by the European Central Bank (ECB) discusses bitcoin and the authors Ulrich Bindseil and Jürgen Schaaf seem to believe its “bitcoin’s…

Continue ReadingECB Blog Post Insists This Is ‘Bitcoin’s Last Stand,’ Officials Claim BTC Is Headed Toward ‘Irrelevance’

Brussels to Put Out Digital Euro Law Shortly, ECB’s Lagarde Says

The European Commission is going to present a legislative proposal for a digital euro in the near future, President of European Central Bank Christine Lagarde has indicated. EU legislators are…

Continue ReadingBrussels to Put Out Digital Euro Law Shortly, ECB’s Lagarde Says

ECB Raises Benchmark Rate by 75bps and Tones Down Long-Term Refinancing Operations

On Thursday, the European Central Bank (ECB) announced the central bank’s third consecutive benchmark bank rate increase this year, raising the rate by 75 basis points (bps). In addition to…

Continue ReadingECB Raises Benchmark Rate by 75bps and Tones Down Long-Term Refinancing Operations