euro area – DIGIT INFO

Inflation Expectations of Eurozone Consumers ‘Increased Significantly,’ ECB Says

DIGIT — Fri, 12 May 2023 10:30:21 +0000

Consumers in the euro area have sharply raised their expectations about inflation in the coming months, the European Central Bank revealed. Survey data showing this comes after the monetary authority slowed the pace of its rate hikes last week while indicating that it’s still early for a pause. ECB Registers Heightened Consumer Expectations About Inflation […]

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ECB Raises Interest Rates by 25bps Amid ‘Too High’ Inflation, ‘No Pause,’ Lagarde Says

DIGIT — Fri, 05 May 2023 03:49:58 +0000

The European Central Bank (ECB) raised its key interest rates by 25 basis points, slowing the pace from previous increases. However, as inflation in the euro area remains persistently high, future rate hikes may still be expected with the regulator insisting it will continue to seek a “timely return” to its 2% inflation target and […]

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

DIGIT — Fri, 07 Apr 2023 17:30:28 +0000

Amid underlying inflationary pressures, further interest rate increases may still be needed, members of the European Central Bank’s Governing Council have admitted. At the same time, the cycle with the highest hikes may soon be over, the officials indicated. End of Most Aggressive Rate Hikes in Sight Despite Inflation, but More to Come Before It’s […]

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Eurozone Finance Ministers Pledge Support for Digital Euro Project, Talk Privacy

DIGIT — Thu, 19 Jan 2023 08:30:47 +0000

The ministers of finance of the countries in the eurozone reaffirmed their support for efforts to prepare for the potential launch of a digital euro. Meanwhile, the single currency area’s monetary authority sought to reassure future users that the new currency will be “preserving privacy by default and by design.” Eurogroup to Remain Involved in […]

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Rate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official Says

DIGIT — Thu, 22 Dec 2022 15:30:17 +0000

Interest rates will continue to rise while the euro area falls into recession, a high-ranking executive at the European Central Bank (ECB) has indicated. His statements follow the latest rate increase announced by the monetary authority last week and revised projections showing higher than previously expected inflation in Europe ahead. ‘We Have No Choice But […]

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Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates

DIGIT — Sun, 16 Jan 2022 20:30:31 +0000

The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled. ECB Sees No Reason to Adjust Interest Rates Despite Eurozone Inflation Reaching 5% […]

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Eurosystem Approves New Oversight Framework Concerning Crypto Services

DIGIT — Tue, 23 Nov 2021 14:30:19 +0000

The monetary authority of the euro area, the Eurosystem, has introduced a new framework for overseeing electronic payments, including services related to crypto assets. The new set of rules will complement upcoming EU regulations for cryptocurrencies and stablecoins. ECB Aims for Secure and Efficient Digital Payments Through Improved Oversight Following public consultations on the matter, […]

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ECB Expects Worse Recession in Europe Than Global Economy

DIGIT — Tue, 14 Apr 2020 02:49:54 +0000

The European Central Bank (ECB) expects the European economy to suffer a more severe recession than the global economy. Countries across the euro area will experience “a deep recession,” which entails unprecedented funding needs of more than €1 trillion ($1.1 trillion), explained ECB Vice President Luis de Guindos. Also read: IMF Declares Global Recession, 80 […]

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