The European Central Bank said late on Thursday it had fixed an unprecedented outage in its payment system which had left transactions likely worth trillions of euros from companies, consumers and investors up in the air for most of the day.
The European Central Bank’s securities settlement system is working again after a communications shutdown earlier on Thursday due to a hardware failure.
Asian stocks rose on Thursday as investors held out hope that trade tensions could ease after U.S. President Donald Trumpexempted some automakers from tariffs for a month, while the euro stood tall ahead of the European Central Bank's meeting.
Nation-State Bitcoin Reserves 'Risky Idea' European Central Bank adviser Jürgen Schaaf has reiterated the bank's negative stance on Bitcoin, stating that nation-state Bitcoin reserves are "risky" due to extreme volatility and susceptibility to manipulation.
The European Central Bank will trim its deposit rate again next week to 2.50%, according to all 82 economists polled by Reuters who expected two further cuts by the middle of this year.
The European Central Bank is trialling a fast-track approval process for certain SRT deals in the first half of this year, which it said in a statement last week was a “good example of how processes can be simplified within the existing regulatory framework”.
President of European Central Bank Christine Lagarde attends the G20 Finance Ministers and Central Bank Governors meeting in Cape Town, South Africa, Wednesday, Feb. 26, 2025. (AP Photo/Nardus Engelbr
The European Central Bank has taken down some interfaces of its securities settlement system as it works to resolve an ongoing glitch that disrupted communications within that network, known as Target 2 Securities (T2S).
The euro edged higher after the European Central Bank cut interest rates but signaled it could move cautiously with further easing. The euro rose 0.3% to $1.082. It had been flat