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Christine Lagarde, president of the European Central Bank (ECB), is doing either a “poor” or “very poor” job, according to slightly more than half of the bank’s workers who responded to a survey by the International and European Public Services Organization (IPSO), a union.
The European Union is following in the footsteps of China in the issuance of a digital currency that will monitor and exert control over commercial interactions of citizens there in unprecedented ways.
The Bank of England (BoE) and European Central Bank (ECB) made it clear their view of inflation is not as sunny as the U.S. Federal Reserve’s chair Jerome Powell expressed last week.
Players in European swaps markets are increasing their bets that the European Central Bank (ECB) will cut its 4-percent interest rate in March and follow it with as many as five additional cuts in 2024, according to the Financial Times.
To date, the widespread adoption of AI by European businesses has created more jobs than it has eliminated, especially for younger workers, a study by the European Central Bank (ECB) has found.
Top-line inflation in Europe is easing, but central bankers are warning they do not expect to cut interest rates any time soon.
At its meeting on 26 October, the governing council of the European Central Bank (ECB) ended its streak of 10 consecutive interest rate hikes, leaving its deposit rate at 4 percent, its highest since the euro currency was launched on 1 January, 1999.
Inflation in the Eurozone is stuck at too high a level and wage growth is keeping upward pressure on prices, Christine Lagarde, president of the European Central Bank (ECB), said in a speech last week at the annual meeting of the International Monetary Fund in Morocco.
The European Central Bank (ECB) has begun thinking about how it might use AI to interpret inflation’s dynamics more accurately and to supervise commercial banks, The New York Times reported.
The European Central Bank’s (ECB’s) decision last week to signal that its interest rate may now have peaked was not unanimous.
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