The European Central Bank (ECB) believes that the European financial markets are in a fragile state due to the rapidly rising interest rates. “The weak economic outlook and the consequences of high inflation are weighing on the ability of people, companies and governments to service their debts,” ECB Vice President Luis de Guindos said on … Read more
Bitcoin (BTC) shot up about 11 percent last week and is back near $30,000 at the time of writing. This coming week could be crucial for the bitcoin price and that is why it is extra important to take a closer look at the major macroeconomic data points. What will we be presented with next … Read more
Oct 6, 2023 at 10:58 PM Update: an hour ago The loose budgetary policies of many euro countries are thwarting the efforts of the European Central Bank (ECB) to reduce inflation. This was said by Klaas Knot, president of De Nederlandsche Bank (DNB) and ECB board member, at a meeting in Slovakia. Central banks are … Read more
By our economics editors Sep 28, 2023 at 8:49 AM Update: 39 minutes ago Many analysts expect the European Central Bank (ECB) to take a break after the series of ten interest rate increases. But Dutch ECB director Frank Elderson thinks that interest rates can rise further in October. The American, British and Swiss central … Read more
By our economics editors Sep 17, 2023 at 12:36 Update: an hour ago It is unlikely that the European Central Bank (ECB) will cut interest rates early next year. Martins Kazaks, president of the Central Bank of Latvia and ECB director, said this at a conference in Santiago de Compostella, Spain. The ECB raised interest … Read more
Construction site home Building is more expensive than it has been for a long time. (Photo: Ingo Bartussek – stock.adobe.com) München Anyone who takes out a construction loan today pays interest that is a good three and a half times as high as before spring 2022. “Another increase, albeit a slight one, is more likely … Read more
According to a survey conducted by HN, Czech businesses and analysts predict that the koruna will weaken by the end of the year. The most common exchange rate expected by entrepreneurs and analysts is 24.50 korunas per euro. The strong domestic currency has been causing significant complications for Czech companies dependent on exports to the … Read more
NEW YORK IG sees the Nasdaq 100, which has been doing much better since the beginning of the year and has recently been weakening, up 0.3 percent at 15,468 points. The interest rate decision by the US Federal Reserve is on the agenda for Wednesday. It is widely expected to raise interest rates again. However, … Read more
Frankfurt/Main Unlike the Dax, the MDax did not make any gains, with the index of medium-sized titles falling by 0.53 percent to 28,231.01 points. The two food suppliers Hellofresh and Delivery Hero suffered losses here. A deteriorating outlook from the world’s largest chip producer TSMC weighed on the semiconductor sector. The shares of the chip … Read more
Title: ECB Raises Interest Rates for Eighth Consecutive Meeting Date: June 21, 2023 The European Central Bank (ECB) has announced an increase in interest rates for the eighth consecutive meeting, with all three rates rising by 0.25 percentage points. This decision comes as the ECB aims to address concerns over inflation and maintain price stability … Read more