The Czech currency could weaken very quickly, believes Purple Trading currency trader Jaroslav Tupý. According to him, the situation in Ukraine means great uncertainty and risk aversion for global financial markets. The koruna, along with other Central European currencies, is a risky asset, he said. According to him, risk aversion is reflected in the strengthening … Read more
“The European Central Bank is not doing anything and will not do anything yet, because it has no room and will more or less pray that the inflation episode will remain an episode. The central bank must be careful not to bankrupt countries such as Italy or Greece. They simply cannot afford to pay significantly … Read more
Central bankers in Central Europe have focused on raising interest rates in the fight against rapidly rising inflation. This is supported by global supply problems and rising energy costs, but also by growing consumer demand and the tight labor market situation, which is pushing up wage increases. According to the estimate of the local statistical … Read more
– theme image. — © MARC HERREMANS – MEDIA HOUSE – Inflation rose to 4.16 percent in October, the Belgian statistical office Statbel reported. That is the highest level since October 2008, when inflation was 4.72 percent. How did that happen? What exactly does that mean. And will it have an impact on your salary? … Read more
Number of corona rules relaxed On October 1, several corona rules will again be relaxed in Belgium. After a year and a half of closure, discotheques and nightclubs are allowed to reopen. In addition, the mouth mask may be dropped off in shops, catering establishments or at work from 1 October. Only in the interior … Read more
For the first time, inflation thus significantly exceeded the European Central Bank’s (ECB) target. It intends to keep price growth at two percent per year in order to revive the economy. The central bank estimates that the current rapid rise in prices is only temporary and expects inflation in the euro area to be 2.2 … Read more
The world has completely fallen into the cult of debt, on all fronts. According to an September analysis by the Institute of International Finance, global debt, which includes liabilities to governments, businesses and households, rose to a record $ 296 trillion during the second quarter of this year. This is about a fifth more than … Read more
Companies can raise money with corporate bonds. This mostly comes from institutional investors, but private investors can also buy the bonds. What you should be aware of. The European Central Bank does it, and so does the US Federal Reserve – and so can you: invest in corporate bonds. But what are you getting into … Read more
Central bankers in the developed world are not yet planning any vigorous fight against inflation. They fear that, in the still fragile economic situation, they will not slow down the promising economic recovery again. Therefore, they usually neither raise interest rates nor restrict large-scale purchases of securities. The “printing” of new money continues as if … Read more
The European Central Bank (ECB) today took the first step towards launching the digital euro. Its plans are linked to a global effort to meet the growing demand for electronic means of payment, but according to Reuters, it also wants to deal with the cryptocurrency boom. The digital euro, as the electronic equivalent of banknotes … Read more