Core inflation soared to a record high in the eurozone in January, as the bloc’s energy crisis continues. The euro bloc is currently facing the worst energy crisis in decades, after the Russia–Ukraine war caused gas and oil prices to soar. Last month, Europe’s consumer price index showed inflation in the euro bloc hitting a…
Core Inflation Soars to Record High in Eurozone
February 24, 2023
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European Central Bank Raises Rates by a Half Percent, Vows Another Large Increase in March
February 2, 2023
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The European Central Bank raised interest rates for the fifth consecutive time at its first meeting this year. The hawkish move in Europe is in contrast to the U.S. Federal Reserve, which slowed down its benchmark policy rate increase on Feb. 1, with a quarter-point hike. Central bank policymakers in Frankfurt vowed to continuing hiking policy…
Inflation in the Eurozone Hits 10.7 Percent as Growth Sharply Declines
November 1, 2022
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Eurozone inflation rose above 10 percent this month as economies across the 19-nation bloc begin to slow. Rising prices throughout the continent have put immense pressure on countries throughout the region. Preliminary data from the European Union’s statistics agency showed inflation hitting an annual rate of 10.7 percent for October, for the highest monthly reading…
The European Union Is About to Rupture
September 16, 2022
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Commentary The possible, even likely, collapse of the European economy would inflict some heavy costs to present European institutions. In this entry, Dr. Peter Nyberg and I detail why we believe we are likely to see some rupturing of the European Union (EU) as originally conceived. This may occur in two ways: Either the European…
Central Bankers Are Secretly Hoarding Billions of Pounds of Gold; Bankers Caught Manipulating Price | Facts Matter
September 15, 2022
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The Federal Reserve is the central bank in the United States, and there is an equivalent to the Federal Reserve in almost every country throughout the entire world. Central banks across the entire world—including the European Central Bank—the International Monetary Fund, the World Economic Forum, and all of these global institutions are talking about creating…
Central Bankers Are Secretly Hoarding Billions of Pounds of Gold; Bankers Caught Manipulating Price | Facts Matter Sept. 7
September 15, 2022
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Central BankDaily Updatesdigital currencyEpochTVEuropean Central BankFacts MatterFederal ReserveInternational Monetary FundUSUS NewsWorld Economic Forum
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The Federal Reserve is the central bank in the United States, and there is an equivalent to the Federal Reserve in almost every country throughout the entire world. Central banks across the entire world—including the European Central Bank—the International Monetary Fund, the World Economic Forum, and all of these global institutions are talking about creating…
IMF Chief: Harsh Winter May Spark Social Unrest in EU Amid Energy Crisis
A number of countries in Europe may experience social unrest if the upcoming winter is harsh amid an economic crisis, the head of the International Monetary Fund (IMF) warned on Wednesday. “There is certainly fear of recession in some countries, or even if it is not recession, that it would feel like recession this winter,”…
Dollar Index Has Biggest Daily Percentage Gain Since 2020 After US Consumer Prices Rise More Than Expected
NEW YORK—The dollar rallied against the yen, euro, and other currencies on Tuesday after stronger-than-expected U.S. inflation data boosted investor bets that the Federal Reserve will need to stay aggressive in raising interest rates. The dollar index, which tracks the greenback against its peers, was up 1.5 percent at 109.85 in its biggest one-day percentage…
Inflation in Germany Hits Record High as European Central Bank Plans Next Move
Inflation in Germany hit a record high of 8.8 percent in August due to soaring energy prices, adding further pressure on the European Central Bank (ECB) to massively increase interest rates at its next meeting. Germany, the European Union’s largest economy, hasn’t had inflation rates this high since the winter of 1973–74, when global prices were…
ECB Says Cash ‘Not Fit’ for Digital Economy, Dismisses CBDC Privacy Concerns
August 23, 2022
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In the digital economy, cash is no longer a useful tool, and a central bank digital currency (CBDC) is the “only solution” to continue the existing monetary system, according to a new paper from the European Central Bank (ECB). The eurozone’s central bank recently published a paper titled, “The Economics of Central Bank Digital Currency.”…
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