Tag: #Cental Banks

A digital euro could be launched in three or four years but banknotes will be available as long as there is demand for them, Fabio Panetta, a member of the European Central Bank’s Executive Board, told Les Echos.

U.S. bank Citi said on Wednesday it now expected two further Bank of England interest rate hikes, rather than the one it had previously forecast, and no rate cut in November after inflation data came in higher than expected.

The Bank of England on Thursday hiked interest rates by 25 basis points and revised its economic projections to now exclude the possibility of a U.K. recession this year.

Finance leaders of the Group of Seven (G7) advanced economies will discuss this week ways to strengthen the global financial system, Japan’s finance minister said on Tuesday, as recent U.S. bank failures bring the risk of digital bank runs into focus.