Investors remained cautious on Monday as cases of the delta variant continued to grow ahead of a slew of key economic data.
"If you want to buy them then please understand that you can lose, you could lose all your money," the BoE governor said.
The European Central Bank said it had weighed up the inflation outlook and decided to keep snapping up bonds at the new, faster rate.
Once bitcoin breaks through $38,000, it may signal an upward trend toward its medium-term average of around $47,000, an expert said.
Crypto assets have "very weak fundamentals and are "subject to a lot of volatility," ECB VP Luis de Guindos told Bloomberg on Wednesday.
The ECB's main interest rate will stay at -0.5%, while the coronavirus bond-buying package will stay at 1.85 trillion euros ($2.23 trillion).
The European Central Bank stepped up its focus on climate change on Monday. It will invest in a green bond fund and create a dedicated “climate centre”. UK lawmakers pressured the Bank of England over its support for polluters. Sign up here for our daily newsletter, 10 Things Before the […]
The European Central Bank expanded its bond-buying program by 500 billion euros to 1.8 trillion euros to limit the economic fallout from the second wave of coronavirus. The end-date for the ECB’s program was extended to March 2022, from June next year, and the central bank plans to keep this […]
European shares edged up ahead of a European Central Bank meeting that is expected to yield more monetary policy support for the eurozone, while Brexit talks kept the pound under pressure. The FTSE 100 got a lift from a weaker currency, despite data that showed the UK economy almost ground […]
Banks in the eurozone can restart dividend payments next year if their balance sheets show resiliency, a senior European Central Bank official told the Financial Times. A long-lasting ban on paying dividends to shareholders may not even be legal if banks have the capacity to deal with economic fallout, the […]
European governments are spending trillions to protect their economies against the coronavirus pandemic, but their debt burden is sustainable, according to European Central Bank chief economist Philip Lane. “Yes, there will be more public debt at the end of this, but in fact that is the correct response to this […]
The US economy won’t return to the exact same state it was in before the pandemic, Federal Reserve Chair Jerome Powell said Thursday. The health crisis is accelerating digitization throughout the economy, and Americans already slammed by the virus’s fallout are at the highest risk of losing their jobs, he […]
COVID-19 has produced a highly unusual recession and recovery is likely to be uneven, even with the roll-out of a vaccine, the European Central Bank president, Christine Lagarde, told a meeting of central bankers. Lagarde signalled the central bank will continue to support the eurozone economy and bond-buying is its […]
ECB left eurozone rates unchanged, but signalled it could provide extra support for the economy in December. “We’re not going to just stand still,” central bank president Christine Lagarde said at a press conference. The ECB’s Governing Council said it would recalibrate its monetary-policy instruments to respond to the second […]
European Central Bank president Christine Lagarde said Monday the ECB is “very seriously” looking at the creation of a digital euro. At a virtual IMF event, Lagarde said the pandemic has caused many structural changes including the way “we work, we trade, and we pay.” She said e-commerce rose by […]
Europe must prepare to launch a digital euro to help citizens access money in a fast-changing digital landscape, the European Central Bank said on Friday. “We should be ready to issue a digital euro if and when developments around us make it necessary,” said Fabio Panetta, an executive board member […]
ECB president Christine Lagarde leaves the door open to tweaking the central bank’s 2% inflation target at a speech in Frankfurt. “In the current environment of lower inflation, the concerns we face are different and this needs to be reflected in our inflation aim,” she told the “ECB and Its […]