The European Central Bank welcomes the Bulgarian market to the TARGET Instant Payment Settlement (TIPS) service following its successful migration in December 2024. The Bulgarian National Bank and the BISERA payment system, which is operated by BORICA AD, are now part of TIPS, together with… Read More
The European Central Bank (ECB) has released a survey on the Access to Finance of Enterprises: firms report moderate tightening of financing conditions. As noted in the update shared by the European Central Bank, firms reported little changes regarding the availability of bank loans. However,… Read More
A new European initiative has now been introduced in order to improve instant payments between different currencies. The European Central Bank (ECB) is now launching an initiative aimed at making it easier for companies to develop services for making instant payments between different currencies. Initially,… Read More
The European Central Bank (ECB) has lowered benchmark rates by 25 basis points. The move was widely anticipated as the central bank adjusts to the changing economic environment. The consensus was driven by recent inflation data that drove a shift in opinion from market watchers…. Read More
The European Central Bank (ECB) has decided to cut benchmark rates by 25 basis points. The ECB reaffirmed its expectations on inflation stating headline that inflation will average 2.5% in 2024, 2.2% in 2025 and 1.9% in 2026. Core inflation is anticipatedĀ to declineĀ from 2.9%… Read More
The European Central Bank (ECB) and the European Banking Authority (EBA) have recently released a joint report on payment fraud. The report assesses payment fraud data reported semi-annually by payment service providers across the European Economic Area (EEA) for a variety of payment instruments, such… Read More
Limited progress has been made by non-euro area Member States of the European Union (EU) on economic convergence with the euro area since 2022, according to the 2024 Convergence Report of the European Central Bank (ECB). This is mainly due to challenging economic conditions, the… Read More
The European Central Bank (ECB) has shared an update that says it’s crucial to complete the banking union and capital markets union. ECB notes that there has been “disappointing progress in euro area financial integration since the start of monetary union.” According to a blog… Read More
While stating the 2% target rate of inflation is still in place, the European Central Bank (ECB) has cut benchmark rates by 25 basis points. The ECB said the European economy is starting to grow, and they anticipate the 2% target will be hit in… Read More
The European Central Bank (ECB) is expected to cut interest rates tomorrow (June 6) as growth flags across Europe. Earlier today, the Bank of Canada reduced its target for the overnight rate to 4Ā¾%, with the Bank Rate at 5%, noting that the global economy… Read More
The European Central Bank (ECB) has released the latest results / findings from the consumer expectations survey results, covering the April 2024 period. When compared with March 2024, the ECB update reveals: median consumer inflation perceptions over the previous 12 months were unchanged, while median… Read More
The European Central Bank (ECB) is focused on carrying out DLT or distributed ledger technology trials, which are currently underway. The Eurosystem is currently testing distributed ledger technology (DLT) for wholesale transactions in central bank money. During these trials, 16 private firms as well as… Read More
Financial stability in the euro area has benefited from an improving economic outlook, with inflation steadily declining and investor confidence recovering, according to the May 2024 Financial Stability Review, which was released by the European Central Bank. The outlook remains fragile, however, as the “scope… Read More
The European Central Bank (ECB) has published a critical report on Bitcoin. The report follows the approval of Bitcoin ETFs in January by the US Securities and Exchange Commission. In a blog post by Ulrich Bindeil, DG of Market Infrastructure & Payments at the ECB,… Read More
The European Central Bank (ECB) has published experimental statistics on Distributional Wealth Accounts (DWA) to provide quarterly and timely household distributional information that is consistent with the national accounts. The new data have been developed to “support the ECBās 2021 monetary policy strategy, which aims… Read More
The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) published a joint report on the impact of climate change on the European Union (EU) financial system. The report sets out detailed frameworks for “addressing risk to the financial system by (i) gathering… Read More
The European Central Bank (ECB) has shared its latest Consumer Expectations Survey results. As noted in an update posted by the ECB, when compared with September 2023: median consumer inflation expectations for the next 12 months and for three years ahead remained unchanged; expectations for… Read More
European Central Bank President Christine Lagarde is known for her anti-crypto stance, referring to virtual currencies as being highly speculative, completely worthless, and often used as a tool by bad actors/criminals for engaging in illicit activities. Recently, the ECB President Christine Lagarde claimed that her… Read More
The Governing Council of the European Central Bank (ECB) has decided to hold rates steady today. The Council indicated that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at… Read More
The European Central Bank (ECB) has published its card fraud report, which is “based on information provided by 20 card payment scheme operators.” Card fraud in 2021 “continued its downward trend, falling to its lowest level since data collection began.” It reportedly “constituted 0.028% of… Read More
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