Eurozone
Europe’s stability at risk if AI bubble bursts – ECB blog
Correction could freeze functioning of continent’s financial markets, say central bank economists
Digital euro would have ‘muted’ effect on banks’ funding – paper
Bundesbank finds that €3,000 holding limit would cause “contained” effects on long-term bank health
Eurozone non-labour income used for saving, not spending – paper
Erosion in financial wealth dragged on consumption, Bank of Italy study finds
Slovak governor calls for further ECB rate hike in September
Kažimír says bank needs to pre-emptively tackle further inflationary effects of energy shock
‘Tips clone’ developed by Bank of Italy goes live in Balkans
Bosnia and Herzegovina and Montenegro become first jurisdictions connected by payments system
Geopolitical risks cause eurozone banks to tighten credit
ECB’s quarterly survey shows lenders alert to continued instability resulting from Iran war
Cipollone outlines digital euro app as ECB readies pilot
Board member says application will ‘leave no-one behind’
Jasmina Selimović on managing Europe’s last currency board
The Central Bank of Bosnia and Herzegovina governor speaks about building resilience to counter geoeconomic shocks, strengthening reforms amid EU convergence, addressing stablecoin and NBFI risks, Sepa integration, and capacity building.
Lagarde ‘regrets’ forward guidance and Warsh plans ‘family fight’
Fed, ECB, BoC and BoE heads discuss inflation, uncertainty, AI, stagflation and independence in Sintra
QE reduces bonds’ safe haven properties – BdF paper
Safety is becoming ‘increasingly fragmented’ across asset classes, researchers say
Digital euro passes European Parliament’s first hurdle
Economic and monetary committee’s rapporteur says CBDC will ‘never replace’ cash
Hungary cuts by 25bp, signals more easing to come
Central bank says households’ inflation expectations have declined ‘significantly’ in recent months
ECB’s June hike ‘defensible’ but bank should be cautious – study
Uniform rate hikes are ‘bad, short-term oriented policy’, researcher says
Jim Bullard on Kevin Warsh’s first FOMC and Fed independence
The Federal Reserve veteran speaks with Christopher Jeffery about Iran and the US economy, the ‘good' AI bubble, cutting the Fed’s balance sheet and staff, and the need to clarify swap rules and recapitalise the regional Feds
Zoltán Kurali on Hungary’s reserves strategy and euro adoption
Deputy governor speaks about portfolio positioning amidst geopolitical volatility, AI, CBDC and the future of the forint
Domestic growth unlikely even if Germany wins World Cup – Nagel
Bundesbank president says momentum will pick up by 2028 and calls for further deregulation
Austria and Finland warn of Iran war’s impact following ECB hike
Higher energy prices are slowing growth and raising inflation, central banks say
Humans still in charge of AI use at central banks – panel
Speakers at London Meetings share their experiences of adopting new technology
Central banks laying ground for multi-currency settlement
Africa leads as region with most RTGS systems able to settle multiple currencies
ECB hikes by 25bp as eurozone inflation takes off
Staff projections foresee higher price growth followed by downward revision over coming two years
Iceland could join euro even during a crisis – ECB’s Vujčić
BoE’s Mann also highlights pros and cons of country’s accession at currency conference