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ECB Holds Rates At 2%, As Expected, With Stagflation Looming
ECB Holds Rates At 2%, As Expected, With Stagflation Looming
The European Central Bank kept interest rates unchanged, as expected, with officials signaling they need more time to assess the extent of the Iran war’s jolt to the economy. The deposit rate was left at 2%, where it’s been since June 2025 and in line with the predictions of all analysts in a Bloomberg survey. The ECB offered no guidance on future decisions, reiterating it will act one meeting at a time based on information as it arrives.
In the statement, the...
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May 11, 2026 / Tyler Durden
American Bankers Attempt Last Ditch Effort To Kill Crypto Market Structure Bill Regarding Stablecoins
American Bankers Attempt Last Ditch Effort To Kill Crypto Market Structure Bill Regarding Stablecoins
American Bankers Association (ABA) CEO Rob Nichols sent an emergency Sunday letter to every bank CEO in the country, urging “immediate engagement” against what he called a stablecoin yield loophole in the Digital Asset Market Clarity Act, days before a Senate Banking Committee markup scheduled for Thursday.
The letter, dated May 11 — Mother’s Day — and addressed to ABA member bank CEOs, asked bank leaders to contact their senators and mobilize their employees to do the same before...
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Feb 19, 2026 / Dave DeCamp
Israeli Settlers Kill 19-Year-Old Palestinian American in the West Bank
Jewish settlers in the West Bank killed a 19-year-old Palestinian American on Thursday as settler violence continues to surge in the Israeli-occupied territory. According to Haaretz, Nasrallah Abu Siam was shot during a settler attack on the village of Mukhmas in the central West Bank, and he later succumbed to his wounds. Two other Palestinians […]
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Feb 24, 2026 / Dave DeCamp
Report: Turkey Preparing for Influx of Refugees From Iran if US Attacks
Turkey is preparing for the possibility of an influx of refugees from Iran, Bloomberg has reported, as the US is preparing to launch a potential attack on the Islamic Republic, which could spark a full-blown regional war. Bloomberg’s sources said that officials in Ankara have updated their contingency plans to prepare for large numbers of […]
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