European Central Bank - page 3

Finance & Economics

UBS to Buy Credit Suisse, While Central Banks Try to Soothe Market Turbulence

UBS Group will buy Credit Suisse Group for 3 billion Swiss francs ($3.23 billion) in a historic deal backed by Swiss authorities, as problems in the global banking sector persist

News

ECB Introduces Timeline for CBDC Rollout

The European Central Bank (ECB) has announced its plans for a step-by-step rollout of a digital euro CBDC. The final realisation phase may come later this year

Finance & Economics

ECB to monitor Digital Transformation Efforts at Banks

The European Central Bank plans to conduct targeted reviews and inspections due to the identification of shortcomings in the digital transformation strategies of banks.

News

Bank for International Settlements to Step Up Work on Monitoring of Stablecoins

The Bank for International Settlements has published a plan for the development of its network of innovation hubs for 2023, which, among other things, provides for active monitoring of stablecoins on an ongoing basis.

Finance & Economics

ECB Reveals Euro Area Lending Trends

January 2023 euro area bank lending survey by European Central Bank (ECB) revealed significant tightening in credit standards for all loan categories along with subdued business loan demand

Finance & Economics

ECB to Stay Course to Return Inflation to 2%

Christine Lagarde said that the European Central Bank will take all necessary measures to return inflation to the target of 2%.

Finance & Economics

ECB Contemplates Development of Digital Euro App

The European Central Bank is exploring the prospects of creating a digital euro mobile application.

Science & Technology

60% of Card Payments in Europe are Contactless

European Central Bank (ECB) has conducted “Study on the payment attitudes of consumers in the euro area (SPACE) 2022”, revealing the growth of contactless card payments in the EU

Finance & Economics

Demographics Determine Payment Preferences

The European Central Bank found out that the demographic factor determines consumers’ payment preferences.

News

Inflation in Eurozone Fall to 9.5%

For the first time in two months, inflation in the Eurozone was less than 10%. The preliminary consumer price index in the single euro area increased by 9.2% year-on-year in December. This figure in November was 10.1%. In October, the index was a record, its value was equal to 10.6%. Experts predicted inflation in the […]

News

ECB Executive Urges to Assimilate Crypto with Gambling

ECB board member Fabio Panneta suggests trading unbacked crypto assets should be regulated similarly to gambling