- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
Earn- More
European Central Bank Executive Board Member Schnabel: Central Bank Should Keep Rates Unchanged, Inflation Could Still Be Higher Than Expected
BlockBeats News, September 2nd - Fabio Panetta, a member of the Executive Board of the European Central Bank, stated that the ECB should maintain the interest rate at the current level. This decision is based on the Eurozone economy's resilience to U.S. tariffs and the possibility that the inflation rate may still be higher than expected. The ECB previously concluded a year-long loose monetary policy phase and is now assessing the full impact of the July agreement on U.S. tariffs to determine if further interest rate cuts are necessary. Panetta is one of the most influential hawks at the ECB and believes that there is no need for further rate cuts. The current policy rate of 2% may "moderately" stimulate the already active economy. She stated: "I think we may have already adopted a mildly accommodative policy, so I do not see a reason for further rate cuts in the current situation." (FX678)
You may also like
Most US debanking cases stem from government pressure, says report
Key Takeaways A report from the Cato Institute indicates that most debanking incidents in the US originate from…
South Korea to lift ban on corporate crypto investment: Report
Key Takeaways South Korea’s Financial Services Commission (FSC) is set to end a nine-year ban on corporate crypto…
Russia Targets Illegal Crypto Miners; India Advocates for CBDCs: A Global Overview
Key Takeaways Russia is intensifying efforts to regulate illegal cryptocurrency mining, proposing significant fines and penalties. India’s Reserve…
Russian Pension Fund Overwhelmed by Crypto Inquiries as Mining Income Discussion Intensifies
Key Takeaways In 2025, Russia’s Social Fund received approximately 37 million inquiries, with a significant portion focused on…
Vietnam Sets Mid-January Timeline for Pilot Crypto Exchange Approvals
Key Takeaways Vietnam aims to regulate its growing cryptocurrency market by licensing pilot digital asset exchanges under a…
Former Brazil Central Bank Official Introduces Real-Pegged Stablecoin Offering Yield Sharing
Key Takeaways BRD, a newly unveiled stablecoin by Tony Volpon, a former director of the Central Bank of…
Barclays Invests in Stablecoin Settlement Firm as Tokenized Infrastructure Expands
Key Takeaways Barclays has invested in Ubyx, a U.S.-based startup focused on developing clearing systems for tokenized forms…
Lloyds Bank Achieves a Milestone: UK’s First Gilt Purchase via Tokenized Deposits
Key Takeaways Lloyds Bank executed the first-ever UK government gilt purchase through tokenized deposits, highlighting a transformative use…
Seven Chinese Financial Associations Declare RWA Tokenization Illegal
Key Takeaways Seven major Chinese financial associations have declared Real-World Asset (RWA) tokenization illegal, reflecting its categorization as…
Multicoin: Why Are We Bullish on Stablecoins as FinTech 4.0?
Cash-like Privacy Among Digital Euro’s Challenging Political Decisions
Key Takeaways The digital euro, a planned central bank digital currency by the European Union, is facing significant…
Russia Tightens Crypto Mining Regulations Amid Global Digital Currency Developments
Key Takeaways Russia’s new legislative proposal aims to impose strict penalties on unregistered cryptocurrency mining, highlighting the government’s…
The first large-scale adoption of a "yield-bearing stablecoin" was in China
Caixin: Digital RMB Wallet Balances to Begin Earning Interest in 2026
Key Takeaways: Starting January 1, 2026, digital RMB wallets will earn interest on balances. The operational structure will…
China to Launch New Digital Yuan Management System
Key Takeaways The People’s Bank of China will implement a new management system for the digital yuan on…
People’s Bank of China to Enhance Digital RMB Management System
Key Takeaways The People’s Bank of China (PBOC) plans to enhance the management system for the digital RMB.…
Palmer Luckey’s Erebor Reaches $4.3B Valuation as Bank Charter Progresses
Key Takeaways: Erebor, a digital bank co-founded by Palmer Luckey, has raised $350 million, bringing its valuation to…
Bank of Japan Statement in Full: 25 Basis Point Rate Hike, Further Adjustments Under Consideration
Most US debanking cases stem from government pressure, says report
Key Takeaways A report from the Cato Institute indicates that most debanking incidents in the US originate from…
South Korea to lift ban on corporate crypto investment: Report
Key Takeaways South Korea’s Financial Services Commission (FSC) is set to end a nine-year ban on corporate crypto…
Russia Targets Illegal Crypto Miners; India Advocates for CBDCs: A Global Overview
Key Takeaways Russia is intensifying efforts to regulate illegal cryptocurrency mining, proposing significant fines and penalties. India’s Reserve…
Russian Pension Fund Overwhelmed by Crypto Inquiries as Mining Income Discussion Intensifies
Key Takeaways In 2025, Russia’s Social Fund received approximately 37 million inquiries, with a significant portion focused on…
Vietnam Sets Mid-January Timeline for Pilot Crypto Exchange Approvals
Key Takeaways Vietnam aims to regulate its growing cryptocurrency market by licensing pilot digital asset exchanges under a…
Former Brazil Central Bank Official Introduces Real-Pegged Stablecoin Offering Yield Sharing
Key Takeaways BRD, a newly unveiled stablecoin by Tony Volpon, a former director of the Central Bank of…
App