Tag: ECB

July 3, 2024

Snappi is a joint venture between Athens-based Piraeus Bank and core banking software vendor Natech. First announced back in 2022, Thanasis Navrozoglou, president and CEO of Natech, said at the time that Snappi would seek to “address both consumers and financial […]

June 28, 2024

Seven months later, and Piero Cipollone, ECB executive board member and chair of the High-Level Task Force for the digital euro, says preparations are “progressing well”. Set to last for two years, the ECB is currently using the project’s preparation […]

December 28, 2023

2023 was a year that lessened the stature of central bank forward guidance. Forward guidance is a tool used by central banks to communicate monetary policy projections. Historically, markets viewed this messaging in high regard as it often tied into […]

December 7, 2023

The Berlin-based firm, which describes itself as “Europe’s largest savings platform”, can now offer essential banking services such as deposits and lending as it looks to expand its product offering for customers across the continent. Founded in 2015 by Christian […]

November 27, 2023

The review reveals how “downside surprises” inspired by the current macro-financial environment are weighing heavily on residential and commercial real estate markets in the euro area. This is primarily in the form of rising debt service costs. For residential real […]

November 15, 2023

Despite prominent ECB officials emphatically stating the conversation around rate cuts is premature, the futures market anticipates nearly 100 basis points of cuts in 2024 which paces alongside US expectations. Therefore, the euro no longer holds a notable advantage as […]

October 26, 2023

The ECB left all three of its key interest rates unchanged today and noted that while inflation is expected to ‘stay too high for too long’, inflation dropped markedly in September due to strong base effects. The central bank added […]

October 20, 2023

The phase will involve the identification and selection of providers for the digital euro’s supporting platform and underlying infrastructure, as well as the finalisation of the regulations and rulebook behind the technology. The ECB is expected to begin this endeavour […]

August 28, 2023

The Euro appears to be eyeing a temporary reprieve and recovery on Monday following a trying time last week. EURUSD put in its 6th consecutive week of losses while EURGBP actually ended the week strong following an early week sell-off […]

January 11, 2023

The euro extended yesterday’s gains against the British pound through ECB officials beginning yesterday. The hawkish narrative was reinforced by one of the more aggressive officials in Isabel Schnabel while today’s addresses included the ECB’s Villeroy who stated the need […]

November 8, 2022

A number of ECB policymakers have been doubling down on the central bank’s position on interest rates and inflation, saying that higher rates are needed for longer to quell double-digit price pressures. In what looks like a concerted effort to […]

July 20, 2022

The US Dollar has pulled back after last week’s jump to fresh 19-year-highs. As I had written last Thursday, this was taking on more of a EUR/USD-driven theme. After the major pair ran into parity last week, buyers were unable […]

October 27, 2021

EUR/GBP continues to trade with a bearish inclination as the pound remains supported by expectations that the Bank of England will need to step up its efforts to reduce monetary stimulus in its meeting next week. The pair has been […]

December 9, 2020

The European Central Bank is set to expand its massive stimulus program Thursday as the continent deals with a second wave of the coronavirus pandemic and associated lockdowns. Back in October, the euro zone’s central bank vowed to “recalibrate its […]

November 23, 2020

SIA and Colt will help the ECB connect through a single access interface, the Eurosystem Single Market Infrastructure Gateway (ESMIG). ESMIG is a component in the implementation of the Target and Target2 securities and instant payments consolidation projects. The ECB […]

July 24, 2020

An analysis of self-assessment reports provided by banks to supervisory authorites found that for some IT risk areas banks remain “too optimistic”, particularly in the filed of data quality management and IT risk management. The probe found that data integrity […]

June 4, 2020

Gold futures rose on Thursday, with prices getting a boost from some weakness in the U.S. stock market and the dollar, as investors digested policy actions by the European Central Bank. The ECB, as expected, boosted the size of its […]

December 3, 2019

Try to imagine a market scenario where chip stocks hit a wall and tumble 50%, or the fallout as President Donald Trump slaps a tax on foreign earnings of American companies. Outrageous you say? Welcome to Saxo Bank’s annual rite […]

September 12, 2019

U.S. Treasury yields and European government bond yields fell sharply on Thursday after the European Central Bank lowered its key deposit rate and exceeded investors expectations with the resumption of its bond-buying program. What are Treasurys doing? The 10-year Treasury […]

March 7, 2019

Treasury yields fell Thursday, along with its European peers, after the European Central Bank launched fresh stimulus measures, said it was unlikely to increase rates through the end of 2019 and downgraded its forecast for economic growth. The 10-year Treasury […]