Economists at the European Central Bank (ECB) argue that Bitcoin's limited usage makes it unsuitable as a legitimate currency. ECB's Stournaras emphasizes the importance of gradual monetary policy adjustments and notes the fragmented Euro area banking system. He also predicts close to 2% inflation by autumn and advocates for small steps like 25 BPS. EU lawmakers caution the ECB about potential credibility risks if inflation remains unchecked.
EU lawmakers warn the ECB that its credibility is at stake over its ability to get inflation back under control https://t.co/5yP1RQx5yF
EU Lawmakers Warn ECB Risks Credibility If Inflation Isn’t Tamed - BBG https://t.co/FuoSBhjvAH
EU lawmakers warn the ECB that its credibility is at stake over its ability to get inflation back under control https://t.co/GHjTH4eSXp
EU lawmakers warn the ECB risks its credibility if inflation isn’t tamed https://t.co/e6zpRc3vHM https://t.co/h8SfHEFIap
Best time for rate cut may be end of first semester - ECB's Stournaras https://t.co/HQmziBAVAe https://t.co/9lwHYW3qeX
European Parliament Plenary Debate On The ECB Annual Report https://t.co/YBagM3XO98
ECB Faces Bigger Problems Than The Fed Does, Stournaras Says - BBG https://t.co/pP9uOeAXuO
🔴 ECB'S STOURNARAS: WE HAVE TO MOVE WITH SMALL STEPS LIKE 25 BPS.
🔴 ECB'S STOURNARAS: WE'RE VERY LIKELY TO BE CLOSE TO 2% INFLATION IN AUTUMN.
🔴 ECB'S STOURNARAS: ANY MONETARY POLICY ADJUSTMENTS MUST BE GRADUAL.
🔴 ECB'S STOURNARAS: EURO AREA BANKING SYSTEM REMAINS FRAGMENTED.
ECB'S STOURNARAS: LOSSES DON'T THREATEN THE CENTRAL BANKS' INDEPENDENCE.
Economists with the European Central Bank (ECB) contend that Bitcoin's (BTC) limited usage disqualifies it as a legitimate form of currency https://t.co/jENaaQWx7U