ECB’s Operational Framework Review: Shaping the Future of Eurozone Monetary Policy
The European Central Bank (ECB) is on the verge of announcing the results of its Operational Framework Review, a significant technical evaluation that will shape the rules governing how it provides liquidity to commercial banks in the foreseeable future. This review holds paramount importance as it determines the mechanisms by which the ECB influences short-term […]
Euro zone ministers expect inflation to slow in 2022
The acceleration of euro zone inflation, driven energy prices, is mostly temporary. Then the price growth will slow down again. The euro zone finance ministers agreed that, that too the next year as forecasted by the European Central Bank and the European Commission. Paschal Donohoe, chaired the talks of the ministers in Luxembourg. In a news conference […]
Euro zone at a turning point but too early to debate end of ECB help: Lagarde
The euro zone economy is at a turning point. ECB President Christine Lagarde told Politico in an interview that its recovery must be firm and sustainable before the European Central Bank can debate clawing back emergency support. The ECB had agreed to maintain an elevated pace of bond purchases. This is to keep borrowing ultra-low […]
New Euro zone business loans plunge in April
New lending to euro zone companies plunged in April. And this indicates that banks are tightening access to credit even as the bloc starts to emerge from a year of lockdown. This is showed form the data from the European Central Bank. The economic activity started to pick up in April, after the third wave […]
How to migrate to ISO20022 without touching your core systems
Banks and payment institutions are now rushing to upgrade their core systems, because of the ISO20022 migration approaching. The great opportunities offered by the new messaging protocol are for the Electronic Money Institutions (EMIs) and banks to make payments in a way more efficiently. Anyhow, the cost of upgrading core system is large and also […]