ECB


Videos

Bitcoin Slips Below $23K as ECB Raises Rates for First Time in 11 Years

European Central Bank (ECB) has raised interest rates by 50 basis points, its first rate hike in 11 years. IG North America CEO JJ Kinahan discusses his take on what this means for the crypto markets. Plus, Elon Musk disclosed that Tesla sold 75% of its bitcoin holdings last quarter in the latest earnings call.

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Markets

ECB Exits Negative Interest Rate Policy With 50 Basis Point Hike; Bitcoin Steady

The European Central Bank's first rate hike since 2011 comes four months after the Fed kicked off its tightening cycle, sending risk assets lower.

ECB raises rates for the first time in 11 years. (moritz320/Pixabay)

Markets

Bitcoin Slips Below $23K Ahead of ECB Rate Decision

The central bank is likely to signal an exit from its negative interest rate policy.

El BCE anunció su primer aumento en las tasas de interés en 11 años. (alexanderjungmann/Pixabay)

Policy

Digital Euro Would Be a Success Only if Widely Used, ECB Says

The European Central Bank expects to complete the investigation phase of its digital euro project in the autumn of 2023.

European Central Bank officials laid out objectives for its retail digital euro as its two-year CBDC experiment continues. (Raimund Linke/ Getty)

Policy

Governments May Restrict Foreign Access to Their CBDCs, Riksbank Official Says

Not all countries “play nicely” with each other, complicating how central bank digital currencies will interact with other payment systems, said Cecilia Skingsley, first deputy governor at the Swedish central bank.

Cecilia Skingsley, deputy governor at Sveriges Riksbank said governments could complicate CBDC interoperability. (BIS)

Policy

ECB Would Limit Digital Euro to Maximum 1.5T, Says Fabio Panetta

The central bank's executive board member believes few people understand what a digital euro is because "it's complicated."

(Shutterstock)

Policy

ECB Warns That Crypto Risks Could Spill Over Into Wider Economy

Given the increasing risks of crypto, it is important to bring it into the regulatory perimeter as a matter of urgency, the European Central Bank said in a report.

The EU flag (Christian Lue/Unsplash)

Policy

ECB’s Panetta: Digital Euro Could Come Out Within 4 Years

Peer-to-peer payments could be a first test case, though no final decision has been made yet.

Euro banknotes (Elena Popova/Getty Images)

Policy

ECB's Panetta Blasts Crypto as ‘Ponzi Scheme’ Fueled by Greed

The central banker compared crypto market dynamics to the 2008 financial crisis and called for additional regulation and taxes.

BRUSSELS, BELGIUM - JANUARY 20, 2020 : Italian member of the European Central Bank's executive board Fabio Panetta (L) and the President of the European Central Bank (ECB) Christine Lagarde (R) are waiting prior an Eurogroup Ministers meeting in the Jusuts Lipsius, the European Union Council headquarter on January 20, 2010, in Brussels, Belgium. The International Monetary Fund (IMF) will present the main findings of its euro area Article IV interim mission. he Eurogroup will discuss the updated draft budgetary plan of Portugal for 2020, on the basis of a Commission opinion. The outcome is expected to be reflected in a Eurogroup statement. The Commission will present its proposal for the draft recommendation on the economic policy of euro area for 2020, published on 17 December. Ministers will have a first exchange of views on the proposal. The Council addresses annual recommendations on economic policy to the euro area as part of the European Semester. (Photo by Thierry Monasse/Getty Images)