European Central Bank
latest news & developments
Digital gold rush: How Stablecoins threaten monetary sovereignty globally
Stablecoins, especially dollar-pegged ones, are a looming danger. Europe’s digital euro is a good counter-move but the US leads this digital financial race
Lessons for the Left | The rise and fall of Syriza
The third instalment of Lessons for the Left considers what happens when a grassroots resistance movement takes on entrenched neoliberalism
Do economists matter?
Last week, South Africans got a taste of the kind of influence economists hold, despite them being part of an often fallible tribe
Inflation fight: central banks wade through ‘uncharted territory’
Speakers at the South African Reserve Bank’s biennial conference seemed to favour a ‘higher for longer’ approach to interest rates amid ongoing economic uncertainty
World’s doom and gloom financial scenario not inevitable
There is much to suggest that global economic disaster is not assured, or even likely, in the near future
Reserve Bank greenlights sharpest repo rate hike in almost two decades
In a split decision, the bank’s monetary policy committee increased the repo rate, which affects the cost of borrowing, by 75 basis points
South African inflation hits the highest mark since 2009 joining global economy struggles against rising food and fuel prices
Consumer inflation surged again, after piercing the South African Reserve Bank’s ceiling for the first time in five years
World Economic Forum: ‘2022 will be like navigating an obstacle course’
Central banks massively underestimated inflation risks as economies bounced back from the pandemic-induced slump
Women are fixing the planet
Female bosses at the IMF, ECB and EU are putting climate at the heart of policymaking
Draghi’s bid to boost Europe with cheap money flops
European Central Bank president Mario Draghi’s stimulus programme has failed to ignite the celebration of risk-taking it did in the US six years ago.
Greece in ‘final stretch’ of deal with creditors
Prime Minister Alexis Tsipras needs to unlock bailout funds to repay €3.4bn to the ECB by August 20, as the bank leaves its credit lifeline unchanged.
As Greeks withdraw, Draghi sends more
ECB president Mario Draghi willingly giving Greece negotiating room while cash drains from the banking system has riled those who had a tougher ride.
Economic week ahead: A slew of SA data
SA’s data diary is full this week with updates on it’s current account, inflation, mining, manufacturing and retail sales over the coming days.
What Europe’s bold interest rate cuts mean for SA
The European Central Bank announced that it cut interest rates by 10 basis points to a record low of 0.05%.
ECB’s negative interests won’t effect SA
While interest rates remain significantly higher in emerging markets, the resulting inflows for states such as South Africa are likely to be minimal.