The primary objective of the European Central Bank, as mandated in Article 2 of the Statute of the ECB, is to maintain price stability within the Eurozone. The basic tasks, as defined in Article 3 of the Statute, are to define and implement the monetary policy for the Eurozone, to conduct foreign exchange operations, to take care of the foreign reserves of the European System of Central Banks and operation of the financial market infrastructure under the TARGET2 payments system and the technical platform (currently being developed) for settlement of securities in Europe (TARGET2 Securities). The ECB has, under Article 16 of its Statute, the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the amount must be authorised by the ECB beforehand (upon the introduction of the euro, the ECB also had exclusive right to issue coins).
A central bank, reserve bank, or monetary authority is an institution that manages a state'scurrency, money supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base in the state, and usually also prints the national currency, which usually serves as the state's legal tender.
The primary function of a central bank is to control the nation's money supply (monetary policy), through active duties such as managing interest rates, setting the reserve requirement, and acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis. Central banks usually also have supervisory powers, intended to prevent bank runs and to reduce the risk that commercial banks and other financial institutions engage in reckless or fraudulent behavior. Central banks in most developed nations are institutionally designed to be independent from political interference. Still, limited control by the executive and legislative bodies usually exists.
The Central Bank of the Republic of Turkey, CBRT (Turkish:Türkiye Cumhuriyet Merkez Bankası, TCMB) is the central bank of Turkey and is founded as a joint stock company on 11 June 1930.
Shares of the CBRT are divided into four classes. Class A shares belong solely to the Turkish Treasury. Class B and Class C shares are allocated to national banks operating in Turkey, banks other than national banks and privileged companies. Finally, Class D shares are allocated to Turkish commercial institutions and to real and legal persons of Turkish nationality.
The CBRT determines, at its own discretion, the monetary policy to pursue and the policy instruments to use in achieving price stability in Turkey. This implies that the CBRT enjoys instrument independence. In order to attain its objective of price stability, the CBRT has implemented a full-fledged inflation targeting regime since 2006.
The preparations to establish a central bank of Turkey began in 1926, but the organization was established on 3 October 1931 and opened officially on 1 January 1932. The Bank had, originally, a privilege of issuing banknotes for a period of 30 years. In 1955, this privilege was extended until 1999. Finally it was prolonged indefinitely in 1994.
Who takes care of the euro? What is inflation ? Why is price stability important for you?
Find the answers to these questions and more in this three-minute introduction to the ECB and the Eurosystem's role and tasks.
published: 24 Mar 2023
The History of the European Central Bank
A brief history about the economic and monetary union and the adoption of the single currency– the euro.
Other language versions:
BG- https://youtu.be/0SxXTeopsBw
HR- https://youtu.be/l_MfaZa0ZfA
ET- https://youtu.be/PX_h2DnrbSg
EL- https://youtu.be/Uv06cXGam3A
HU- https://youtu.be/XGqUpKyT60g
SV- https://youtu.be/Ge22BUJ1dKI
SL- https://youtu.be/vlFUAABfRac
SK- https://youtu.be/3ZgZEMOmJyc
RO- https://youtu.be/Bp9srqQkC0s
PT- https://youtu.be/cRvNh2yMxDM
PL- https://youtu.be/MLggJK9aIFk
NL- https://youtu.be/be9GClDljXc
MT- https://youtu.be/XGuu3G2rDMQ
LV- https://youtu.be/-t9WhnNM9qY
LT- https://youtu.be/2EH0vHII4As
IT- https://youtu.be/yFWZscwaOyM
FR- https://youtu.be/sQjb2Fr97wI
ES- https://youtu.be/WUJXmcZGfh0
DE- https://youtu.be/aCzs-9-rZhM
DA- https://youtu.be/Yi6UQJy72I8
CS ...
published: 19 Jun 2015
Banking Supervision at the European Central Bank
Since 2014, the European Central Bank has been responsible for the supervision of banks in the Euro area.
published: 09 Nov 2017
ECB Governing Council Press Conference - 18 July 2024
ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 18 July 2024 at 14:45 CET in Frankfurt am Main.
published: 19 Jul 2024
What to Expect on European Central Bank Rate Decision Day
The European Central Bank is set to keep borrowing costs on hold for a fifth meeting while further readying the ground for cuts to begin in June. Bloomberg's Lizzy Burden reports from Frankfurt.
Read more: https://www.bloomberg.com/news/articles/2024-04-11/ecb-interest-rates-to-stay-on-hold-before-cut-in-june
published: 11 Apr 2024
The European Central Bank
The central bank for Europe's single currency, the ECB oversees the member countries' monetary affairs and monitors the financial stability of their banks.
Comment on:
Google + http://tinyurl.com/orh99s6
Facebook http://www.facebook.com/europeanparliament
Twitter https://twitter.com/Europarl_EN
EuroparlTV video ID: 3ab5a67e-f1e4-4296-aeeb-a68d0098c4aa
published: 08 Nov 2016
European Central Bank holds interest rates, cuts inflation and growth forecasts
European Central Bank policymakers on Thursday lowered their annual growth forecast, as they confirmed a widely expected hold of interest rates.
Staff projections now see economic growth of 0.6% in 2024, from a prior forecast of 0.8%. Their inflation forecast for the year was brought to 2.3% from 2.7%.
As the ECB has held rates at a record high since its September meeting, market participants have been eagerly awaiting the March projections for an indication on when it may begin cuts.
Its key rate is currently 4%, up from -0.5% in June 2022, following a run of 10 hikes.
Expectations have shifted to the June meeting, even as ECB staff stress they want to assess wage data from the spring before making a decision.
Euro zone inflation eased to 2.6% in February from from 2.8% in January, s...
published: 08 Mar 2024
European Central Bank holds interest rates, hints at cut ahead
The European Central Bank on Thursday held interest rates steady for a fifth straight meeting, as anticipation builds for rate cuts in June.
“If the Governing Council’s updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission were to further increase its confidence that inflation is converging to the target in a sustained manner, it would be appropriate to reduce the current level of monetary policy restriction,” it said in a statement.
Policymakers and economists have zeroed in on June as the month when rates could start to be reduced, after the ECB trimmed its medium-term inflation forecast. Price rises in the euro zone have since cooled more than expected in March.
published: 12 Apr 2024
ECB Forum on Central Banking - Tuesday 2 July
The ECB and Banco de Portugal host the ECB Forum on Central Banking 2024 In Sintra, Portugal. Watch the livestream of the day's events.
The programme of the event can be found on the ECB's website:
https://www.ecb.europa.eu/press/conferences/html/20240701_ecb_forum_on_central_banking.en.html
published: 05 Jul 2024
Digital EURO Update! This CBDC Report Reveals What Central Banks Are Planning!
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~~~~~
📺 Essential Videos 📺
First Digital Euro Video 👉 https://youtu.be/7gCUh2ls0Yc?si=5uWN_1MQQ6cH4mF7
Second Digital Euro Video 👉 https://youtu.be/uzXSxvPjDxM?si=2aU5zslDo8V1Rduj
Third Digital Euro Video 👉 https://youtu.be/Oo2hUeWdMxk?si=nfQVa6gh7lqEwnMj
Fourth Digital Euro Video 👉 https://youtu.be/0wxY1sojA6A?si=Npd-fsOS09DAMvMs
EU Digital ID...
Who takes care of the euro? What is inflation ? Why is price stability important for you?
Find the answers to these questions and more in this three-minute int...
Who takes care of the euro? What is inflation ? Why is price stability important for you?
Find the answers to these questions and more in this three-minute introduction to the ECB and the Eurosystem's role and tasks.
Who takes care of the euro? What is inflation ? Why is price stability important for you?
Find the answers to these questions and more in this three-minute introduction to the ECB and the Eurosystem's role and tasks.
A brief history about the economic and monetary union and the adoption of the single currency– the euro.
Other language versions:
BG- https://youtu.be/0SxXTeo...
A brief history about the economic and monetary union and the adoption of the single currency– the euro.
Other language versions:
BG- https://youtu.be/0SxXTeopsBw
HR- https://youtu.be/l_MfaZa0ZfA
ET- https://youtu.be/PX_h2DnrbSg
EL- https://youtu.be/Uv06cXGam3A
HU- https://youtu.be/XGqUpKyT60g
SV- https://youtu.be/Ge22BUJ1dKI
SL- https://youtu.be/vlFUAABfRac
SK- https://youtu.be/3ZgZEMOmJyc
RO- https://youtu.be/Bp9srqQkC0s
PT- https://youtu.be/cRvNh2yMxDM
PL- https://youtu.be/MLggJK9aIFk
NL- https://youtu.be/be9GClDljXc
MT- https://youtu.be/XGuu3G2rDMQ
LV- https://youtu.be/-t9WhnNM9qY
LT- https://youtu.be/2EH0vHII4As
IT- https://youtu.be/yFWZscwaOyM
FR- https://youtu.be/sQjb2Fr97wI
ES- https://youtu.be/WUJXmcZGfh0
DE- https://youtu.be/aCzs-9-rZhM
DA- https://youtu.be/Yi6UQJy72I8
CS https://youtu.be/ZAlyg1I6ohY
FI- https://youtu.be/YYqlCyYilr8
A brief history about the economic and monetary union and the adoption of the single currency– the euro.
Other language versions:
BG- https://youtu.be/0SxXTeopsBw
HR- https://youtu.be/l_MfaZa0ZfA
ET- https://youtu.be/PX_h2DnrbSg
EL- https://youtu.be/Uv06cXGam3A
HU- https://youtu.be/XGqUpKyT60g
SV- https://youtu.be/Ge22BUJ1dKI
SL- https://youtu.be/vlFUAABfRac
SK- https://youtu.be/3ZgZEMOmJyc
RO- https://youtu.be/Bp9srqQkC0s
PT- https://youtu.be/cRvNh2yMxDM
PL- https://youtu.be/MLggJK9aIFk
NL- https://youtu.be/be9GClDljXc
MT- https://youtu.be/XGuu3G2rDMQ
LV- https://youtu.be/-t9WhnNM9qY
LT- https://youtu.be/2EH0vHII4As
IT- https://youtu.be/yFWZscwaOyM
FR- https://youtu.be/sQjb2Fr97wI
ES- https://youtu.be/WUJXmcZGfh0
DE- https://youtu.be/aCzs-9-rZhM
DA- https://youtu.be/Yi6UQJy72I8
CS https://youtu.be/ZAlyg1I6ohY
FI- https://youtu.be/YYqlCyYilr8
ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council p...
ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 18 July 2024 at 14:45 CET in Frankfurt am Main.
ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 18 July 2024 at 14:45 CET in Frankfurt am Main.
The European Central Bank is set to keep borrowing costs on hold for a fifth meeting while further readying the ground for cuts to begin in June. Bloomberg's Li...
The European Central Bank is set to keep borrowing costs on hold for a fifth meeting while further readying the ground for cuts to begin in June. Bloomberg's Lizzy Burden reports from Frankfurt.
Read more: https://www.bloomberg.com/news/articles/2024-04-11/ecb-interest-rates-to-stay-on-hold-before-cut-in-june
The European Central Bank is set to keep borrowing costs on hold for a fifth meeting while further readying the ground for cuts to begin in June. Bloomberg's Lizzy Burden reports from Frankfurt.
Read more: https://www.bloomberg.com/news/articles/2024-04-11/ecb-interest-rates-to-stay-on-hold-before-cut-in-june
The central bank for Europe's single currency, the ECB oversees the member countries' monetary affairs and monitors the financial stability of their banks.
Co...
The central bank for Europe's single currency, the ECB oversees the member countries' monetary affairs and monitors the financial stability of their banks.
Comment on:
Google + http://tinyurl.com/orh99s6
Facebook http://www.facebook.com/europeanparliament
Twitter https://twitter.com/Europarl_EN
EuroparlTV video ID: 3ab5a67e-f1e4-4296-aeeb-a68d0098c4aa
The central bank for Europe's single currency, the ECB oversees the member countries' monetary affairs and monitors the financial stability of their banks.
Comment on:
Google + http://tinyurl.com/orh99s6
Facebook http://www.facebook.com/europeanparliament
Twitter https://twitter.com/Europarl_EN
EuroparlTV video ID: 3ab5a67e-f1e4-4296-aeeb-a68d0098c4aa
European Central Bank policymakers on Thursday lowered their annual growth forecast, as they confirmed a widely expected hold of interest rates.
Staff projecti...
European Central Bank policymakers on Thursday lowered their annual growth forecast, as they confirmed a widely expected hold of interest rates.
Staff projections now see economic growth of 0.6% in 2024, from a prior forecast of 0.8%. Their inflation forecast for the year was brought to 2.3% from 2.7%.
As the ECB has held rates at a record high since its September meeting, market participants have been eagerly awaiting the March projections for an indication on when it may begin cuts.
Its key rate is currently 4%, up from -0.5% in June 2022, following a run of 10 hikes.
Expectations have shifted to the June meeting, even as ECB staff stress they want to assess wage data from the spring before making a decision.
Euro zone inflation eased to 2.6% in February from from 2.8% in January, showing continued progress towards the ECB's 2% target. However, the core figure which strips out energy, food, alcohol and tobacco proved stickier, at 3.1%.
European Central Bank policymakers on Thursday lowered their annual growth forecast, as they confirmed a widely expected hold of interest rates.
Staff projections now see economic growth of 0.6% in 2024, from a prior forecast of 0.8%. Their inflation forecast for the year was brought to 2.3% from 2.7%.
As the ECB has held rates at a record high since its September meeting, market participants have been eagerly awaiting the March projections for an indication on when it may begin cuts.
Its key rate is currently 4%, up from -0.5% in June 2022, following a run of 10 hikes.
Expectations have shifted to the June meeting, even as ECB staff stress they want to assess wage data from the spring before making a decision.
Euro zone inflation eased to 2.6% in February from from 2.8% in January, showing continued progress towards the ECB's 2% target. However, the core figure which strips out energy, food, alcohol and tobacco proved stickier, at 3.1%.
The European Central Bank on Thursday held interest rates steady for a fifth straight meeting, as anticipation builds for rate cuts in June.
“If the Governing ...
The European Central Bank on Thursday held interest rates steady for a fifth straight meeting, as anticipation builds for rate cuts in June.
“If the Governing Council’s updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission were to further increase its confidence that inflation is converging to the target in a sustained manner, it would be appropriate to reduce the current level of monetary policy restriction,” it said in a statement.
Policymakers and economists have zeroed in on June as the month when rates could start to be reduced, after the ECB trimmed its medium-term inflation forecast. Price rises in the euro zone have since cooled more than expected in March.
The European Central Bank on Thursday held interest rates steady for a fifth straight meeting, as anticipation builds for rate cuts in June.
“If the Governing Council’s updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission were to further increase its confidence that inflation is converging to the target in a sustained manner, it would be appropriate to reduce the current level of monetary policy restriction,” it said in a statement.
Policymakers and economists have zeroed in on June as the month when rates could start to be reduced, after the ECB trimmed its medium-term inflation forecast. Price rises in the euro zone have since cooled more than expected in March.
The ECB and Banco de Portugal host the ECB Forum on Central Banking 2024 In Sintra, Portugal. Watch the livestream of the day's events.
The programme of the ev...
The ECB and Banco de Portugal host the ECB Forum on Central Banking 2024 In Sintra, Portugal. Watch the livestream of the day's events.
The programme of the event can be found on the ECB's website:
https://www.ecb.europa.eu/press/conferences/html/20240701_ecb_forum_on_central_banking.en.html
The ECB and Banco de Portugal host the ECB Forum on Central Banking 2024 In Sintra, Portugal. Watch the livestream of the day's events.
The programme of the event can be found on the ECB's website:
https://www.ecb.europa.eu/press/conferences/html/20240701_ecb_forum_on_central_banking.en.html
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🛒 Get The Hottest Crypto Deals 👉 https://coinbureau.com/deals/
♣️ Join The Coin Bureau Club 👉 https://hub.coinbureau.com/
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👕 Best Crypto Merch 👉 https://store.coinbureau.com/?utm_source=youtube&utm_medium=description&utm_campaign=store_homepage
🔥 TOP Crypto TIPS In Our Newsletter 👉 https://www.coinbureau.com/newsletters/
~~~~~
📺 Essential Videos 📺
First Digital Euro Video 👉 https://youtu.be/7gCUh2ls0Yc?si=5uWN_1MQQ6cH4mF7
Second Digital Euro Video 👉 https://youtu.be/uzXSxvPjDxM?si=2aU5zslDo8V1Rduj
Third Digital Euro Video 👉 https://youtu.be/Oo2hUeWdMxk?si=nfQVa6gh7lqEwnMj
Fourth Digital Euro Video 👉 https://youtu.be/0wxY1sojA6A?si=Npd-fsOS09DAMvMs
EU Digital ID 👉 https://youtu.be/uwRSzNTp2ko?si=lxnx2j9d0W4N1n1a
EU Digital Euro Debate 👉 https://youtu.be/4YfO_bef9Rw?si=AMLNxGvW_ioI4Eln
Companies That Printed Money 👉 https://youtu.be/obXUfKhgkco?si=aa1R1mloMgDPM5aa
FedNow Explained 👉 https://youtu.be/YMwtBVwRQi0?si=ckZaytAXS_0EUo-t
WEF Plans Revealed 👉 https://youtu.be/6o02uGWuMD0?si=F_BLOfbNSHqM2iXK
~~~~~
⛓️ 🔗 Useful Links 🔗 ⛓️
► Digital Euro Preparation Phase Update: https://www.ecb.europa.eu/euro/digital_euro/progress/html/ecb.deprp202406.en.html
~~~~~
- TIMESTAMPS -
0:00 Intro
0:45 Digital Euro Explained
5:35 Public vs. Private Money
10:13 Offline Payment Privacy
15:43 Technical Aspects
19:46 How To Prepare
23:22 Outro
~~~~~
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Crypto #CBDC #Bitcoin #Digitaleuro
🛒 Get The Hottest Crypto Deals 👉 https://coinbureau.com/deals/
♣️ Join The Coin Bureau Club 👉 https://hub.coinbureau.com/
💥 Coin Bureau Discord 👉 https://go.coinbureau.com/cb-discord
📲 Insider Info in our Socials 👉 https://www.coinbureau.com/socials/
👕 Best Crypto Merch 👉 https://store.coinbureau.com/?utm_source=youtube&utm_medium=description&utm_campaign=store_homepage
🔥 TOP Crypto TIPS In Our Newsletter 👉 https://www.coinbureau.com/newsletters/
~~~~~
📺 Essential Videos 📺
First Digital Euro Video 👉 https://youtu.be/7gCUh2ls0Yc?si=5uWN_1MQQ6cH4mF7
Second Digital Euro Video 👉 https://youtu.be/uzXSxvPjDxM?si=2aU5zslDo8V1Rduj
Third Digital Euro Video 👉 https://youtu.be/Oo2hUeWdMxk?si=nfQVa6gh7lqEwnMj
Fourth Digital Euro Video 👉 https://youtu.be/0wxY1sojA6A?si=Npd-fsOS09DAMvMs
EU Digital ID 👉 https://youtu.be/uwRSzNTp2ko?si=lxnx2j9d0W4N1n1a
EU Digital Euro Debate 👉 https://youtu.be/4YfO_bef9Rw?si=AMLNxGvW_ioI4Eln
Companies That Printed Money 👉 https://youtu.be/obXUfKhgkco?si=aa1R1mloMgDPM5aa
FedNow Explained 👉 https://youtu.be/YMwtBVwRQi0?si=ckZaytAXS_0EUo-t
WEF Plans Revealed 👉 https://youtu.be/6o02uGWuMD0?si=F_BLOfbNSHqM2iXK
~~~~~
⛓️ 🔗 Useful Links 🔗 ⛓️
► Digital Euro Preparation Phase Update: https://www.ecb.europa.eu/euro/digital_euro/progress/html/ecb.deprp202406.en.html
~~~~~
- TIMESTAMPS -
0:00 Intro
0:45 Digital Euro Explained
5:35 Public vs. Private Money
10:13 Offline Payment Privacy
15:43 Technical Aspects
19:46 How To Prepare
23:22 Outro
~~~~~
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Crypto #CBDC #Bitcoin #Digitaleuro
Who takes care of the euro? What is inflation ? Why is price stability important for you?
Find the answers to these questions and more in this three-minute introduction to the ECB and the Eurosystem's role and tasks.
A brief history about the economic and monetary union and the adoption of the single currency– the euro.
Other language versions:
BG- https://youtu.be/0SxXTeopsBw
HR- https://youtu.be/l_MfaZa0ZfA
ET- https://youtu.be/PX_h2DnrbSg
EL- https://youtu.be/Uv06cXGam3A
HU- https://youtu.be/XGqUpKyT60g
SV- https://youtu.be/Ge22BUJ1dKI
SL- https://youtu.be/vlFUAABfRac
SK- https://youtu.be/3ZgZEMOmJyc
RO- https://youtu.be/Bp9srqQkC0s
PT- https://youtu.be/cRvNh2yMxDM
PL- https://youtu.be/MLggJK9aIFk
NL- https://youtu.be/be9GClDljXc
MT- https://youtu.be/XGuu3G2rDMQ
LV- https://youtu.be/-t9WhnNM9qY
LT- https://youtu.be/2EH0vHII4As
IT- https://youtu.be/yFWZscwaOyM
FR- https://youtu.be/sQjb2Fr97wI
ES- https://youtu.be/WUJXmcZGfh0
DE- https://youtu.be/aCzs-9-rZhM
DA- https://youtu.be/Yi6UQJy72I8
CS https://youtu.be/ZAlyg1I6ohY
FI- https://youtu.be/YYqlCyYilr8
ECB President Christine Lagarde explains the Governing Council's monetary policy decisions and will answer questions from journalists at the Governing Council press conference to be held on 18 July 2024 at 14:45 CET in Frankfurt am Main.
The European Central Bank is set to keep borrowing costs on hold for a fifth meeting while further readying the ground for cuts to begin in June. Bloomberg's Lizzy Burden reports from Frankfurt.
Read more: https://www.bloomberg.com/news/articles/2024-04-11/ecb-interest-rates-to-stay-on-hold-before-cut-in-june
The central bank for Europe's single currency, the ECB oversees the member countries' monetary affairs and monitors the financial stability of their banks.
Comment on:
Google + http://tinyurl.com/orh99s6
Facebook http://www.facebook.com/europeanparliament
Twitter https://twitter.com/Europarl_EN
EuroparlTV video ID: 3ab5a67e-f1e4-4296-aeeb-a68d0098c4aa
European Central Bank policymakers on Thursday lowered their annual growth forecast, as they confirmed a widely expected hold of interest rates.
Staff projections now see economic growth of 0.6% in 2024, from a prior forecast of 0.8%. Their inflation forecast for the year was brought to 2.3% from 2.7%.
As the ECB has held rates at a record high since its September meeting, market participants have been eagerly awaiting the March projections for an indication on when it may begin cuts.
Its key rate is currently 4%, up from -0.5% in June 2022, following a run of 10 hikes.
Expectations have shifted to the June meeting, even as ECB staff stress they want to assess wage data from the spring before making a decision.
Euro zone inflation eased to 2.6% in February from from 2.8% in January, showing continued progress towards the ECB's 2% target. However, the core figure which strips out energy, food, alcohol and tobacco proved stickier, at 3.1%.
The European Central Bank on Thursday held interest rates steady for a fifth straight meeting, as anticipation builds for rate cuts in June.
“If the Governing Council’s updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission were to further increase its confidence that inflation is converging to the target in a sustained manner, it would be appropriate to reduce the current level of monetary policy restriction,” it said in a statement.
Policymakers and economists have zeroed in on June as the month when rates could start to be reduced, after the ECB trimmed its medium-term inflation forecast. Price rises in the euro zone have since cooled more than expected in March.
The ECB and Banco de Portugal host the ECB Forum on Central Banking 2024 In Sintra, Portugal. Watch the livestream of the day's events.
The programme of the event can be found on the ECB's website:
https://www.ecb.europa.eu/press/conferences/html/20240701_ecb_forum_on_central_banking.en.html
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~~~~~
📺 Essential Videos 📺
First Digital Euro Video 👉 https://youtu.be/7gCUh2ls0Yc?si=5uWN_1MQQ6cH4mF7
Second Digital Euro Video 👉 https://youtu.be/uzXSxvPjDxM?si=2aU5zslDo8V1Rduj
Third Digital Euro Video 👉 https://youtu.be/Oo2hUeWdMxk?si=nfQVa6gh7lqEwnMj
Fourth Digital Euro Video 👉 https://youtu.be/0wxY1sojA6A?si=Npd-fsOS09DAMvMs
EU Digital ID 👉 https://youtu.be/uwRSzNTp2ko?si=lxnx2j9d0W4N1n1a
EU Digital Euro Debate 👉 https://youtu.be/4YfO_bef9Rw?si=AMLNxGvW_ioI4Eln
Companies That Printed Money 👉 https://youtu.be/obXUfKhgkco?si=aa1R1mloMgDPM5aa
FedNow Explained 👉 https://youtu.be/YMwtBVwRQi0?si=ckZaytAXS_0EUo-t
WEF Plans Revealed 👉 https://youtu.be/6o02uGWuMD0?si=F_BLOfbNSHqM2iXK
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Digital Euro Preparation Phase Update: https://www.ecb.europa.eu/euro/digital_euro/progress/html/ecb.deprp202406.en.html
~~~~~
- TIMESTAMPS -
0:00 Intro
0:45 Digital Euro Explained
5:35 Public vs. Private Money
10:13 Offline Payment Privacy
15:43 Technical Aspects
19:46 How To Prepare
23:22 Outro
~~~~~
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Crypto #CBDC #Bitcoin #Digitaleuro
The primary objective of the European Central Bank, as mandated in Article 2 of the Statute of the ECB, is to maintain price stability within the Eurozone. The basic tasks, as defined in Article 3 of the Statute, are to define and implement the monetary policy for the Eurozone, to conduct foreign exchange operations, to take care of the foreign reserves of the European System of Central Banks and operation of the financial market infrastructure under the TARGET2 payments system and the technical platform (currently being developed) for settlement of securities in Europe (TARGET2 Securities). The ECB has, under Article 16 of its Statute, the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the amount must be authorised by the ECB beforehand (upon the introduction of the euro, the ECB also had exclusive right to issue coins).
While this is good news for the EuropeanCentralBank, inflation remains above its target ... This was due to lower-than-expected inflation data in the Eurozone, which increased the likelihood of a European Central Bank interest rate cut on September 12.
The DAX index has remained on edge this month as investors assess the recent Donald Trump election victory and the recent actions by the EuropeanCentralBank (ECB) and the Federal Reserve... Federal Reserve and European Central Bank.
... a normalization of monetary policy is both necessary and possible, and the EuropeanCentralBank could cut its benchmark interest rate by another 25 basis points in December, according to CIB Bank.
European auto stocks touched their lowest in almost ... "That is brave in this environment," he said, while noting that European CentralBank rate cuts could stimulate bank lending and business activity.
FRANKFURT, Germany — EuropeanCentralBank (ECB) policymakers were divided at their last meeting in October about the risks of inflation coming in too low over a sustained period, according to minutes released on Thursday.
"The European economy is slowly recovering ...The Commission predicts that inflation will reach the European CentralBank's (ECB) target of 2 percent in late 2025 for the eurozone, and in 2026 for the EU.
... though they expect the central bank could dial down the easing pace in January ... Minutes of the latest meeting from the EuropeanCentralBank showed the cut last month was likely an insurance move.
... though they expect the central bank could dial down the easing pace in January ... Minutes of the latest meeting from the EuropeanCentralBank showed the cut last month was likely an insurance move.
A EuropeanCentralBank rate cut last month was seen as an insurance move against unexpectedly low inflation but policymakers appear divided on the risk of excessively low price growth, the accounts of their Oct 16-17 meeting showed on Thursday.
Despite the pressures caused by the EuropeanCentralBank’s tight monetary policy, the real estate market in Cyprus has been supported by demand for foreign labour and lower interest rates, allowing NPLs to perform better than initially expected.
Faster interest rate cuts from the EuropeanCentralBank (ECB) than in the United States would be negative for the euro, but on the positive side that easing could also support the currency longer term by boosting the economic growth outlook.