Tag: ecb
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Standard Chartered joins major banks in betting on December ECB rate hike
Oct 2 : Standard Chartered expects the European Central Bank to raise its deposit rate by 25 basis points to 2.75 per cent in December, reversing its previous call for a pause, after stronger-than-expected inflation and resilient economic activity reinforced the case for further tightening.The brokerage chang
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ECB opens blockchain link to financial markets
FRANKFURT, Sept 21 : The European Central Bank launched a new service on Monday linking its payment system to blockchain-based financial markets and said it would invest some of its own money in digital securities.The moves reflect a broader effort by central banks to adapt to the growing use of blockchain in
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ECB raises interest rates to fight off inflation jump
The European Central Bank raised borrowing costs and warned that inflation could remain high for an extended period. Energy markets and geopolitical tensions are still major concerns.
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England’s Carse being investigated after incident, says ECB
LONDON, Aug 23 : England fast bowler Brydon Carse is being investigated over an incident in Derby on Saturday night, the England and Wales Cricket Board (ECB) said on Sunday.”We are aware of an incident which is reported to have taken place in Derby last night and we are currently investigating,” an ECB spoke
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ECB keeps interest rates unchanged amid Iran war inflation
The European Central Bank has kept its base interest rates steady but said it was “closely monitoring” the energy price shock. The impact of the war against Iran on energy costs has pushed inflation over ECB targets.
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ECB picks 36 payment firms for digital euro pilot
FRANKFURT, July 14 : The European Central Bank has picked 36 payment service providers, including some of the euro zone’s biggest financial firms, to join the pilot programme for its digital euro project, it said on Tuesday. The ECB has been working on the digital euro for years, partly to wean the bloc off U
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Explainer-Europe’s digital euro: What it is and how it would work
MILAN, July 13 : Talks between the European Parliament, European governments and the European Commission on rules for a digital euro begin on Monday, three years after the legislation was first proposed. The negotiations aim to produce a final law by the end of the year, paving the way for the European Cen
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ECB tells banks to draw up plans against AI attacks amid disruption fears
FRANKFURT, July 7 : The European Central Bank on Tuesday gave euro zone banks four months to draw up plans to counter AI-enabled cyber threats that could undermine confidence in the financial system and disrupt payments. The move reflects mounting concern among regulators about advanced AI models such as A
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ECB payment system suffers second outage in a week
FRANKFURT, July 6 : The European Central Bank’s payment system on Monday suffered a second, short outage in the space of a week due to a glitch caused by a software update.The T2 system, which handles trillions of euros of daily transactions, was down for roughly 40 minutes in the early hours on Monday, delay
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Digital euro: The plan to Trump-proof the EU’s economies
The EU’s central bank is preparing a digital euro to cut dependence on Visa, Mastercard and Apple Pay. Success hinges on giving consumers an easy-to-use payment system without prompting a flight from bank savings.
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