Tag: ecb
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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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Capital markets union imperative to build euro, Lagarde says
In an increasingly unstable geopolitical landscape, the EU has no choice but to take control of its own money, head of ECB tells panel in Brussels.
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Stokes withdrawn from Durham fixture at ECB request
June 21 : Ben Stokes has been withdrawn from the remainder of Durham’s county championship match against Northamptonshire at the request of the England and Wales Cricket Board, Durham said on Sunday, in a possible indicator of an England return.Stokes, England’s test captain since 2022, was left out of the si
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Vaughan urges ECB to make decision on Stokes’ captaincy
LONDON, June 18 : Former England captain Michael Vaughan has urged the England and Wales Cricket Board (ECB) to conclude the investigation on Ben Stokes ahead of the third test against New Zealand.Captain Stokes was left out of the ongoing second test along with bowler Gus Atkinson following an investigation
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Journalist gunned down in Mexico as World Cup kicks off
Mexico is regarded as one of the most dangerous and deadly countries for working journalists, according to Reporters Without Borders.
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