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CAIRO - 6 June 2024: The European Central Bank (ECB) decided to cut the 3 key interest rates today for the first time in 5 years. The ECB lowered its [...]

Global Banking News-March 8, 2024--European central bank keeps rate steady (C)2024 ENPublishing - http://www.enpublishing.co.uk Global Banking News - 08 March 2024 The European Central Bank has kept its interest rate [...]

Global Banking News-March 18, 2024--Officials says European central bank could launch rate cuts in June (C)2024 ENPublishing - http://www.enpublishing.co.uk Global Banking News - 18 March 2024 An official with the [...]

2024 FEB 17 (NewsRx) -- By a News Reporter-Staff News Editor at Obesity, Fitness & Wellness Week -- Investigators publish new report on Economics. According to news reporting originating in [...]

Christine Lagarde's son lost 60% of his investments through crypto, she said on Friday. The ECB chief has been a long-standing critic of crypto assets. She has warned that inexperienced [...]

Global Banking News-September 15, 2023--European central bank hikes rate (C)2023 ENPublishing - http://www.enpublishing.co.uk Global Banking News - 15 September 2023 The European Central Bank has hiked its interest rate. On [...]

'Nothing is possible without people. Nothing is lasting without institutions,' noted Jean Monnet, one of the European Union's founding fathers. The growth of the European Central Bank (ecb) from humble [...]

As it marks its 25th anniversary this week, the European Central Bank is readying a proposed design for a digital version of the euro, responding to pressure from developing technology [...]

As it marks its 25th anniversary this week, the European Central Bank is readying a proposed design for a digital version of the euro, responding to pressure from developing technology [...]

The European Central Bank hiked interest rates by 50 basis points to 3.5% Thursday. It's the sixth time in a row that the central bank has raised borrowing costs. It [...]

The European Central Bank hiked its deposit rate by 50 basis points Thursday as it keeps battling inflation. Policymakers plan to make the same-size hike at the next monetary policy [...]

Global Banking News-November 28, 2022--European central bank to implement smaller rate increases next year if needed (C)2022 ENPublishing - http://www.enpublishing.co.uk Global Banking News - 28 November 2022 A top official [...]

Global Banking News-September 20, 2022--European central bank to use climate scores to purchase bonds (C)2022 ENPublishing - http://www.enpublishing.co.uk Global Banking News - 20 September 2022 The European central bank is [...]

Global Banking News-September 12, 2022--European Central Bank raises interest rate (C)2022 ENPublishing - http://www.enpublishing.co.uk Global Banking News - 12 September 2022 The European Central Bank (ECB) has raised its base [...]

The European Central Bank raised interest rates by 75 basis points for the 2nd time in a row Thursday. The central bank opted for another rate hike to tame soaring [...]

The European Central Bank just pulled the trigger on its biggest interest rate hike. The central bank increased rates by 75 basis points, and signaled further hikes. Economies around the [...]

Good morning. I'm Phil Rosen, writing to you from New York. On Thursday, (https://www.insider.com/queen-elizabeth-ii-death-obituary-2022-9) Queen Elizabeth II died at 96, bringing her unprecedented 70-year reign to a close. She was [...]

The 2008 financial crisis, and consequently the European debt crisis, drastically encouraged law-making bodies in the United States and abroad to reexamine and, in many cases, to overhaul the regulatory [...]

The European Central Bank raised interest rates -- by 50 basis points -- for the first time since 2011 on Thursday. The central bank is trying to tame red-hot inflation [...]

The ecb gets into bond-spread management S URGING INFLATION and a weakening economy are not the only worries preoccupying the European Central Bank (ECB). As inflation rose higher still, the [...]

The European Central Bank said it will raise interest rates by 25 basis points in July. The bank also said it plans to end its 20-billion-euros a month bond-buying program [...]

Euro zone inflation is at its highest level since the creation of the single currency, but economic conditions are beginning to worsen and the European Central Bank (ECB) faces a [...]

Euro zone inflation is at its highest level since the creation of the single currency, but economic conditions are beginning to worsen and the European Central Bank (ECB) faces a [...]

Euro zone inflation is at its highest level since the creation of the single currency, but economic conditions are beginning to worsen and the European Central Bank (ECB) faces a [...]

Euro zone inflation is at its highest level since the creation of the single currency, but economic conditions are beginning to worsen and the European Central Bank (ECB) faces a [...]

Euro zone inflation is at its highest level since the creation of the single currency, but economic conditions are beginning to worsen and the European Central Bank (ECB) faces a [...]

Euro zone inflation is at its highest level since the creation of the single currency, but economic conditions are beginning to worsen and the European Central Bank (ECB) faces a [...]

Euro zone inflation is at its highest level since the creation of the single currency, but economic conditions are beginning to worsen and the European Central Bank (ECB) faces a [...]

Euro zone inflation is at its highest level since the creation of the single currency, but economic conditions are beginning to worsen and the European Central Bank (ECB) faces a [...]

Euro zone inflation is at its highest level since the creation of the single currency, but economic conditions are beginning to worsen and the European Central Bank (ECB) faces a [...]

Euro zone inflation is at its highest level since the creation of the single currency, but economic conditions are beginning to worsen and the European Central Bank (ECB) faces a [...]

The president of the European Central Bank said the Russian private sector is using crypto to get around Western sanctions. Crypto assets 'are certainly being used, as we speak, as [...]

Tuori, Klaus. The European Central Bank and the European Macroeconomic Constitution: from ensuring stability to fighting crises. Cambridge, 2022. 280p bibl index ISBN 9781108488747 cloth, $110.00; ISBN 9781108809429 ebook, contact [...]

Global Banking News-January 13, 2022-Safeture, Falck Global Assistance sign agreement with European Central Bank (C)2022 ENPublishing - http://www.enpublishing.co.uk The SaaS company Safeture AB, an SaaS company located in Sweden, has [...]

ABSTRACTCentral bank communication plays a crucial role in the conduct of monetary policy, yet the research on central bank communication, while growing, is still scarce. In this paper, we analyze the communication reaction function of the European Central Bank (ECB) through topic-based indices derived from the bank’s speeches. These indices are used as dependent variables in policy and communication reaction function models, as suggested by recent literature. The topics are extracted using Latent Dirichlet Allocation (LDA), a popular text mining algorithm for topic extraction. The ECB has recently reviewed its monetary policy strategy, which led to an increase in studies incorporating the new methods offered by text mining for analyzing the policy reaction function of the bank. We show how indices built through topic modelling can be used to study the communication reaction function of a central bank, and we examine which variables are significant for every topic communicated by the ECB.

Global Banking News-July 29, 2021--European Central Bank to overhaul payment system (C)2021 ENPublishing - http://www.enpublishing.co.uk Global Banking News - 29 July 2021 The European Central Bank (ECB) is to overhaul [...]

The European Central Bank kept its $2.2 trillion bond-buying package unchanged and interest rates unchanged. It revised its forward guidance, saying for the first time it would tolerate inflation rising [...]

What the ecb's new target means in practice FOR MOST of its 23 years of life the European Central Bank (ECB) had the fuzzy inflation target of 'below, but close [...]

Global Banking News-June 25, 2021--Former European Central Bank official says cryptos need to provide absolute transparency (C)2021 ENPublishing - http://www.enpublishing.co.uk Global Banking News - 25 June 2021 A former central [...]

Global Banking News-May 6, 2021--European Central Bank survey says privacy is main CBDC concern (C)2021 ENPublishing - http://www.enpublishing.co.uk Global Banking News - 06 May 2021 A survey by the European [...]

Over the years, the European Central Bank (ECB) has taken on new tasks in response to fresh challenges, and its mandate has been interpreted in novel ways. This broader role for the ECB – whether it translates into a novel interpretation of its mandate, the creation of a new form of public money, more complex and discretionary decision-making, or the conferral of new tasks – has brought greater scrutiny onto the ECB. This introduction and the contributions to this special issue focus squarely on the “new” or “modern” ECB. They examine its accountability across the range of tasks that it nowadays carries out, including its interinstitutional relationships with other actors in this area. Although the ECB has assumed a broader role than the one envisaged at the time of its creation, its accountability framework, which is by and large hardwired into the Treaties, has remained unchanged. It is argued that the expansion of the ECB’s role and tasks must be accompanied by robust accountability and transparency arrangements. As the ECB pushes new frontiers in the future, those options to enhance accountability, transparency and legitimacy which are available within the existing Treaty framework should be pursued. This would also ensure that the ECB and other relevant authorities go far enough in meeting their objectives.

The role of the European Central Bank (ECB) has expanded substantially in recent years due to subsequent crises. As a result, its accountability has been a matter of growing concern. This paper focuses on recent monetary policy decisions (specifically, the 2020–21 monetary policy strategy review and the Transmission Protection Instrument) and the evolving accountability practices of the ECB. After discussing three relevant key dimensions of central bank design (independence, discretion and accountability) and their relationship over time, the article shows that the highlighted recent developments will lead to a much greater degree of discretion on the part of the ECB, and that accountability practices have not evolved in a commensurate manner. The article concludes by making specific proposals to improve, to some degree, the accountability of the ECB to the European Parliament, and address the current imbalance between independence, discretion and accountability.

The digital euro might be adopted as early as 2026 – a momentous decision, with profound societal consequences. And yet, little attention has been paid to the European Central Bank (ECB)'s accountability in the process of adoption and beyond. This article attempts to fill this void. It argues that the concept of ‘independent accountability’, still prevalent regarding monetary policy, is an inappropriate standard to hold the ECB accountable for its decisions on the digital euro for at least three reasons. First, while the ECB has the power to issue a digital euro with cash-like features, its mandate is not clear-cut, nor are its decisions merely technical in nature. Second, the digital euro affects areas in which the ECB has no specific expertise or authority, such as privacy, and its adoption requires an unprecedented level of coordination with the EU legislators. And third, it is not only public authorities with which the ECB must engage, but also market actors and citizens to ensure the digital euro's success. What emerges is a new accountability standard, with a broader range of ‘accountability stakeholders’ and a stronger role for ex anteconsultations.

A striking asymmetry defines the European Central Bank (ECB)’s approach to democratic accountability. Although the post-2008 era saw the ECB move dramatically beyond the narrow role envisaged for it by the 1992 Maastricht Treaty, the central bank has continued to hew closely to its scarce accountability provisions.This article documents the much more complex and discretionary nature of today’s ECB policymaking by comparing the frameworks informing Governing Council deliberations according to the 1998, 2003 and 2021 strategies. It shows that the transformation of the ECB’s monetary policy strategy has not been matched with enhanced accountability arrangements between the ECB and the European Parliament. The article concludes with ambitious, but concrete policy proposals – both in substance and form – for new ways of informing the public about monetary policy, instruments to improve accountability and coordinating monetary policy with other European policymakers.

The European Central Bank kept its main interest rate at -0.5% and kept its bond-buying package steady. Europe is still battling COVID-19 but the vaccination drive is picking up, causing [...]

US futures were trading flat and major European indices recovered on Thursday morning. The European Central Bank announces its monetary policy decision later on. Oil prices sank as lockdown restrictions [...]

A European Central Bank governing council member warned investors they may lose everything investing in bitcoin. 'Our role is to make sure that consumers are protected,' Gabriel Makhlouf told (https://www.bloomberg.com/news/articles/2021-01-29/bitcoin-investors-may-lose-everything-central-banker-warns) [...]

Global Banking News-January 22, 2021--European Central Bank keeps stimulus measures on track (C)2021 ENPublishing - http://www.enpublishing.co.uk Global Banking News - 22 January 2021 The European central bank has said that [...]

2021 APR 10 (NewsRx) -- By a News Reporter-Staff News Editor at Obesity, Fitness & Wellness Week -- Investigators publish new report on Economics. According to news reporting from Frankfurt, [...]

The European Central Bank announced it would keep interest rates at record lows and bond-buying at 1.85 trillion ($2.25 trillion). The ECB said it had 'decided to reconfirm its very [...]