News

Sep 01
Statement on the publication of the Central Bank (Individual Accountability Framework) Bill 2022

The Central Bank of Ireland welcomes today’s publication of the Central Bank (Individual Accountability Framework) Bill 2022. The Central Bank will continue to work with the Department of Finance throughout subsequent stages as the legislation progresses through the Oireachtas to enactment. Once the Bill has been enacted the Central Bank intends to publicly consult on […]

Sep 01
Fiscal policy and planning for resilience

At last week’s meeting of the ECB’s Governing Council, we decided to increase our main policy rate by 50 basis points.  This continues the normalisation of our monetary policy, a path that we had started to travel on last December. Our aim is to dampen the inflationary pressures that we’re seeing in the euro area […]

Sep 01
EUR/USD Forecast: Potential Correction Ahead?

Having tested the parity, the currency pair EUR/USD has pulled back from the support and reversed to jump and undergo correction. It’s clear that bears won’t be able to break the level of 1.0000 right away. Now, the asset’s price is targeting the downtrend. The price of this currency pair is likely to pull from […]

Sep 01
Narrowing Real Yield Spread Helps Euro but Gas Supplies Remain the Biggest Risk

The recent narrowing of the spread between real interest rates in the EU and the US, although belatedly, helped the EURUSD to recover; the pair tested levels above parity, while the dollar index approached local highs (level 109 and above) again. Additional pressure on the European currency is exerted by the risks of a complete […]

Sep 01
Hackers try to sell NFT of Belarusian leader’s supposed stolen passport

Belarusian hackers claim to have gained access to the passport info of every Belarusian citizen, including president Alexander Lukashenko, allowing them to mint an NFT with his passport details. 551 Total views 68 Total shares A group of hacktivists called the Belarusian Cyber Partisans have been attempting to sell a nonfungible token (NFT) featuring the […]

Sep 01
Helium devs propose ditching its own blockchain for Solana

Internet of Things (IoT) blockchain network Helium could transition to the Solana blockchain following a new HIP 70 governance proposal launched on Aug. 30.  The Helium core developers said the need to “improve operational efficiency and scalability” was required in order to bring “significant economies of scale” to the network. The Helium network operates by […]