Eurostat – DIGIT INFO

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

DIGIT — Thu, 27 Oct 2022 16:00:08 +0000

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 the rate hike, the ECB changed the central bank’s targeted longer-term refinancing operations terms and conditions noting that they need to be “recalibrated.” ECB Hikes […]

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Euro Area Annual Inflation Jumps to 9.9% in September, Cost of Bread Skyrockets, Protests Erupt

DIGIT — Wed, 19 Oct 2022 18:30:22 +0000

According to the European Union’s statistics office Eurostat on Wednesday, Euro area annual inflation is up to 9.9% in September, up from 9.1% in August. The inflation rate in September tapped a 40-year high, and investors suspect that the eurozone is “at risk of a financial meltdown.” European Union’s Consumer Price Index Taps a 40-Year […]

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Eurozone Inflation Taps Highest Rate Ever Recorded Reaching 9.1%, as Nord Stream, Gazprom Halt Gas Supplies

DIGIT — Wed, 31 Aug 2022 19:30:14 +0000

The Eurozone’s inflation rate reached a record high in August of 9.1%, the highest ever recorded in history, according to Europe’s statistics office Eurostat. The rate was higher than economists suspected and most of the rise was fueled by Europe’s rising energy prices. Europe’s Torrid Inflation Continues to Rise, While the Region Faces an Energy […]

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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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Mainstream Media Claims Bitcoin Burns More Energy Than Ireland – Does It?

DIGIT — Thu, 12 Jul 2018 23:05:18 +0000

A mainstream media assertion made recently implies that cryptocurrency is quite costly in terms of energy consumption. “Bitcoin has been alarming people for years,” the report notes, pointing to the amount of electricity used for its mining – almost as much as a small nation needs. But is that really so? Also read: Japanese Internet […]

The post Mainstream Media Claims Bitcoin Burns More Energy Than Ireland – Does It? appeared first on Bitcoin News.

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