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ECB Tightens Grip With 12th Consecutive Rate Hike; Lagarde Asserts ‘No Cuts’ Amid Lingering Inflation Concerns

ECB Tightens Grip With 12th Consecutive Rate Hike; Lagarde Asserts ‘No Cuts’ Amid Lingering Inflation Concerns

The European Central Bank (ECB) has raised the benchmark bank rates by 25 basis points (bps) citing that inflation was down but still remained “too...
Jul, 27, 2023
2 min read
by Bitcoin News
Eurozone Inflation to Remain Higher Than 2% Target in Next 2 Years, ECB’s Lagarde Admits

Eurozone Inflation to Remain Higher Than 2% Target in Next 2 Years, ECB’s Lagarde Admits

Inflation in the eurozone has started to decline but the area’s monetary authority expects it to remain above its target in the next two years. The...
Jul, 09, 2023
2 min read
by Bitcoin News
Right to Pay With Cash Enshrined in Constitution of Slovakia Amid Digital Euro Fears

Right to Pay With Cash Enshrined in Constitution of Slovakia Amid Digital Euro Fears

A member of the eurozone is amending its constitution in order to guarantee citizens the right to cash payments. The move comes amid growing fears ...
Jun, 21, 2023
2 min read
by Bitcoin News
Banks Not Getting Anticipated Benefits From Rate Hikes, ECB Executive Admits

Banks Not Getting Anticipated Benefits From Rate Hikes, ECB Executive Admits

Eurozone banks are profitable but the benefits from higher interest rates may be smaller than expected, according to the deputy head of the single ...
May, 19, 2023
2 min read
by Bitcoin News
Rate Hikes Affecting Housing Markets in Eurozone, United States, ECB Study Shows

Rate Hikes Affecting Housing Markets in Eurozone, United States, ECB Study Shows

Interest rate hikes in the euro area are already causing a decline in housing investment, the zone’s central bank revealed in a study. While smalle...
May, 18, 2023
2 min read
by Bitcoin News