Central bank chiefs voice ‘full solidarity’ with US Fed, Powell
The heads of major central banks have thrown their support behind the US Federal Reserve and its chairman Jerome Powell, saying in a joint statement Tuesday that…
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Cash use is still growing, says ECB, while pushing ‘digital euro’
The European Central Bank is preparing to launch a digital version of the euro, while reporting that demand for physical banknotes is still rising.
Poland’s gold reserves exceed even those of the European Central Bank
According to the head of Poland's central bank, Poland now holds 509.3 tonnes of gold, more than the gold reserves of the European Central Bank (ECB).
ECB cuts rates even as inflation fight goes on
The European Central Bank went ahead with its first interest rate cut since 2019 on Thursday, citing progress in tackling inflation even as it acknowledged the fight…
German, Dutch central banks post big losses, warn of more
The German and Dutch central banks on Friday posted multi-billion euro losses for 2023 and predicted more financial pain ahead, suggesting that they are unlikely…
Digital euro launch likely delayed as the hot money backs China
The digital euro's launch looks likely to be pushed back substantially from its 2027 goal.