The European Central Bank may have to lower its key rate to a level that stimulates activity if the eurozone economy remains weak and inflation cools, the head of Belgium’s central bank said in an interview.
European Central Bank policymaker Pierre Wunsch said the euro zone faces the risk of "sleepwalking" into excessive interest rate cuts and must be prepared to stop soon, the Financial Times reported on Monday.
ECB is already considering a central bank digital currency known as the digital Euro.Blockchain technology could feature heavily.
European Central Bank Governing Council member Gabriel Makhlouf warned of dangers to the slowdown in consumer-price growth amid acute uncertainty.
The ECB lowered borrowing costs for the fourth straight time last week and hinted at even more policy easing since inflation could be back at its 2% goal by late summer, economic growth is anaemic and a trade war was a distinct possibility.
Reduced workloads faced by some employees may make them save up excessively out of fear of losing their jobs, a European Central Bank study argued on Thursday, hoping to answer a key economic puzzle that has wrong-footed policymakers for the past year.
Considering the confluence of technical factors, along with the fundamental factors of ECB and BOJ policy decisions and inflation rates, EURJPY presents a complex trading landscape.
The staff reps have been vocal about issues including poor mental health and alleged favoritism at the central bank.
The European Central Bank extended its work-from-home policy by two years on Tuesday, only requiring staff to be in the office for about 50% of their time, the bank said, just as some notable entities are reversing their remote work policies.
The ECB’s plans to build a payments system on distributed-ledger technology could lead to the issuance of a digital euro.
The first is for the ECB to ensure that bank liquidity can circulate freely in the Eurozone. This is a key requisite for any well-functioning financial system. Surprisingly, this is still not the case, especially for banks that operate in different jurisdictions.
Nearly nine in 10 workers reported an improved work-life balance, giving central bank an edge in recruitment ahead of the private sector.