centralbanks
Poland's central bank is expected to keep interest rates unchanged at 5.75% for the seventh consecutive meeting, a Bloomberg survey of 27 economists has revealed. Central Bank Governor Adam Glapinski said last month that he would not cut borrowing costs, citing concerns about a potential rise in inflation because of higher food taxes and the potential removal of energy price limits. Poland's annual inflation rate fell in March, dropping to 1.9% from the previous month's 2.8% and beating market expectations of 2.2%. However, the Monetary Policy Council (MPC) highlights "substantial uncertainty"...
Euronews (English)
A more bankless society is on the horizon, where self-custody and innovative technologies grant individuals greater control and efficiency. Gnosis Pay's VISA debit cards, linked to a self-custodial wallet, not to a bank deposit, is the latest case in point, showcasing a move toward more independence from traditional banks and bank deposits. The banking industry, led by giants like JP Morgan, is at a crossroads, facing the dawn of the web3 era. While JP Morgan's recent exploration of deposit tokens represents a nod to the future, it predominantly aims to cement the status quo, preserving the he...
Euronews (English)
Eurozone inflation fell more than economists had anticipated last month, further solidifying expectations of monetary policy easing by the European Central Bank in the upcoming months. In March 2024, the annual consumer price inflation rate in the Euro Area dropped from 2.6% to 2.4%, according to preliminary data from Eurostat released on Wednesday. This marked a four-month low and fell below expectations of a stable reading. Notably, services had the highest annual rate in March (4.0%, unchanged from February), followed by food, alcohol & tobacco (2.7%, down from 3.9% in February), non-energy...
Euronews (English)
The small European country (8.8 million inhabitants) has been on this path for a few months now, with inflation generally slowing over the last year. February registered a slow deceleration compared with January's 1.3% rate. The Swiss Federal Statistical Office (FSO) said on Monday that prices continued to be on the rise in several categories, including air transport and housing rentals. On the other hand, common food items are getting cheaper, as well as beauty products. Switzerland's economy has remained overall healthier than the one of its EU neighbours, which have been hit harder by the e...
Euronews (English)
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