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BDI calls for faster pace on digital euro

The future of money is digital. The European Central Bank (ECB) is also working on a digital euro.

Von Newsdesk

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ECB officials call for decisive monetary policy

The European Central Bank (ECB) must take forceful action against soaring inflation in the eurozone, in the view of ECB Director Isabel Schnabel. Both the likelihood and the cost of the current high inflation rate becoming entrenched in expectations are uncomfortably high, she said at a Federal Reserve symposium in Jackson Hole, Wyoming on Saturday.

Von Newsdesk

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ECB raises interest rates sharply

A turning point for the European Central Bank: In its first interest rate hike in eleven years, the ECB is taking an unexpectedly strong step to combat ever-rising inflation. The monetary guardians around ECB President Christine Lagarde decided on Thursday to raise the key interest rate by half a percentage point to 0.50 percent.

Von Corinna Visser

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Lagarde warns crypto firms against sanctions busting

Cryptocurrencies are being used to avoid sanctions levied against some Russian individuals and the European Central Bank has warned firms in that industry against becoming "accomplices" in that crime, ECB President Christine Lagarde said on Tuesday. "We have taken steps to clearly signal to all those who are exchanging, transacting, offering services in relation to crypto assets that they are being accomplices to circumvent sanctions," Lagarde said at an online event.

Von Redaktion

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ECB Vice President calls for measures to counter wage-price spiral

ECB Vice President Luis de Guindos calls for measures against a wage-price spiral. The current price shock in energy and commodity prices is making many companies and workers poorer, he told the German newspaper Handelsblatt.

Von Redaktion

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ECB: Climate change and Ukraine crisis drive energy price inflation

The trend to move away from climate-harming energy sources, which has been accelerated in the wake of the Ukraine crisis, will come at a high price, according to ECB Director Isabel Schnabel. The measures to protect the planet and for the self-determination of free societies would usher in a "new era of energy price inflation," the German economist warned on Thursday at the monetary policy conference "The ECB and its Watchers" in Frankfurt.

Von Redaktion