ECB

    • ECB: Soaring prices are worse than the Covid-19 shock

      ECB: Soaring prices are worse than the Covid-19 shock

      The crisis with surging prices of energy sources is worse and will take longer to be resolved compared to the Covid-19 pandemic slowdown and the supply bottlenecks for major industries, European Central Bank President Christine Lagarde said in an interview for CNBC. The Eurozone has been badly impacted, like many other regions worldwide, by disruptions in supply chains brought about by the coronavirus pandemic and subsequent social restrictions.

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    • Bundesbank President Weidmann wants a limited role initially for digital euro

      Bundesbank President Weidmann wants a limited role initially for digital euro

      A digital euro, currently under design by the European Central Bank, should have a limited role initially as it could disrupt the bank sector and overly extend the role of central banking, Bundesbank President Jens Weidmann said on Tuesday, cited by Reuters. "A gradual approach might make sense given the risks involved – that means a digital euro with a specific set of features and the option to add further functionalities later," Weidmann, who is member of the European Central Bank (ECB) Governing Council, told a conference.

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    • Surging inflation urges ECB to hike rates

      Surging inflation urges ECB to hike rates

      The rising consumer prices in the Eurozone are putting pressure on the ECB board of governors to rise interest rates. The final decision will be taken at the banks board meeting later this week, AFP reported. The ECB policymakers are expected to signal if they might start easing their massive pandemic era stimulus.

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    • Eurozone consumer prices edge to a decade high

      Eurozone consumer prices edge to a decade high

      The European Central Bank announced that the consumer price index of the Eurozone has edged to its highest level in a decade. The bank admitted that it had underestimated the potential risk of price increase in EU. The latest figures may provoke a change in the overall ECB policy aimed at containing inflation at significantly lower levels, Reuters elaborated.

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    • ECB adjusts bond purchases on rising EU economy

      ECB adjusts bond purchases on rising EU economy

      The European Central Bank announced it would revise its bond purchasing programme to take in account the improving EU economic situation. The ECB bond purchasing has been the bank's main tool to support the Eurozone to tackle with the Covid-19 crisis, Reuters elaborated. ECB is more flexible than US FED and can afford to correct monthly its stimulus measures, ECB policymaker and France's central bank governor Francois Villeroy de Galhau said.

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    • ECB tightens rules to counter inflation

      ECB tightens rules to counter inflation

      The European Central Bank will have to tighten its policy as soon as possible despite no-going processes to finance the recovery needs of Member States, ECB policy maker Jens Weidmann told the Welt am Sonntag. The Eurozone countries have accelerated their borrowing to cope with the coronavirus pandemic, potentially leading them to higher debt servicing costs if ECB tightens policy to counter upward pressure on consumer prices, Reuters elaborated.

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    • Italy, Spain push up the Eurozone, CPI tops ECB forecast

      Italy, Spain push up the Eurozone, CPI tops ECB forecast

      The gross domestic product of the 19 nations sharing the euro posted a robust growth in the second quarter of this year driven by rapid economic recovery in Italy and Spain which grew by 2.7% and 2.8%, outpacing the bloc's average 2.0% quarter on quarter. On annual basis the growth was 13.7 percent, Reuters reported, quoting official figures of Eurostat.

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    • EU takes another step toward introducing digital euro

      EU takes another step toward introducing digital euro

      The European Central Bank said Wednesday it is launching a two-year investigation on whether to introduce a digital version of the euro that would complement cash, taking a cautious step toward introduction as central bankers around the world eye digital currencies and their potential impact on policy and the financial system.

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    • ECB sets 2% inflation target

      ECB sets 2% inflation target

      The European Central Bank announced it had set a new inflation target following an18-month strategy review. The new target is set at 2%. This is a retreat from the bank's current policy which targeted to keep rates below that level.

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