Updated on 02/04/2022 09:52 am Investment banks advanced their forecasts for increases in interest rates by the European Central Bank (ECB), after an aggressive turn by the entity that opened the door to the possibility of increasing borrowing costs this year. With inflation in the euro zone at an all-time high in January, the president […]
Tag: ECB
ECB: Lagarde does not stop market expectations of rate hikes in 2022
The president of the European Central Bank (ECB), Christine Lagarde, maintained the markets’ expectations of a rise in interest rates in 2022. The Governing Council confirmed today at its meeting the monetary policy decisions approved in December. But Lagarde has recognized that the situation has changed and has not closed the door to a rise […]
Five surprising things about the euro
Do two cent coins have a future? Why go on a pilgrimage to Spijkenisse (Holland)? Can Estonian crowns be changed? Here are some unknown aspects of the euro, which is celebrating its twentieth birthday. National currencies All national currencies that preceded the euro they did not disappear. Only in Berlin and in the neighboring region […]
The euro turns twenty years in consolidated circulation and looking to the future
This January 1 marks twenty years since the entry into circulation of the banknotes and coins of euro, two decades in which it has overcome existential crises and has established itself as the second currency in the world, only behind the US dollar. As the coronavirus pandemic, which has reduced the use of cash, continues […]
Twenty years later, the euro still dreams of rivaling the dollar
When millions of Europeans in 12 countries exchanged lira, francs or pesetas for the common currency of the euro, the then French president Jacques Chirac assured that Europe was “reclaiming its identity and its power.” For the most enthusiastic promoters of the single currency, the euro was not only a hopeful step for European unity, […]
The man who created the euro banknotes predicts new controversies over the design change
Twenty years after their introduction, the man who conceived the banknotes euro foresees heated debates among Europeans, with the risk of a resurgence of national rivalries, following the announcement by the Central Bank that they will change their design. Austrian euro banknote designer Robert Kalina can now contemplate his “work” from quiet retirement. “It is […]
ECB governors want inflation risks to be better recognized
Policymakers at the European Central Bank (ECB) sought greater recognition of inflation risks during their meeting last week, but were snubbed by the bank’s chief economist, Philip Lane, in an unusually intense debate, sources told Reuters. Central banks around the world, including the Federal Reserve (Fed) of the United States, have recognized that inflation may […]
The ECB building contributes to sustainability with its energy design
The headquarters of the Central European Bank (ECB), A building developed by the Viennese architecture studio COOP HIMMELB (L) AU and for which ArcelorMittal supplied plates for the composite floors, contributes to sustainability with its energy design measures. “Overall energy consumption fell in 2020 by 16.9% and, although this was heavily influenced by the coronavirus […]
ECB “hawks” warn against inflation complacency
Updated on 12/17/2021 08:54 am The European Central Bank (ECB) could be underestimating inflationary risks, said several conservative authorities, a few hours after the entity extended the stimulus measures that will continue to drive pressure on prices. Inflation has beaten even the most pessimistic forecasts in recent months and the ECB nearly doubled its projection […]
Clear or confusing? Central bank communication skills put to the test
Financial markets, which this year have tried to decipher the signals about the future of monetary policy sent by central banks, face their biggest challenge to date in December, when in the space of 24 hours the Federal Reserve (Fed), the Banco Central Europea (ECB) and the Bank of England (BoE) they hold crucial meetings. […]