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ecb-june19.jpg European Central Bank President Mario Draghi reiterated on Tuesday that the bank will adopt a patient approach to tightening policy and stands ready to adjust all its policy tools when needed. On June 14, the central bank decided to halve its monthly asset purchases to EUR 15 billion after September and to eventually stop them at the end of the year.

cryptos-june19.jpg Bitcoin and its peers managed to sustain the upward momentum they gained over the past few hours and are firmly in the green Tuesday morning. The cryptomarket capitalization recovered strongly on Monday and is at $293.41 billion around 9.15 am ET. Here is a wrap of the main news from the cryptocurrency and blockchain world over the past 24 hours.

Hungary's central bank maintained its interest rates, as widely expected, on Tuesday. The Monetary Council of the Magyar Nemzeti Bank decided to keep the base rate at 0.90 percent. The previous change in the rate was a 15 basis points reduction in May 2016. The overnight central bank deposit rate...

Portugal's producer price inflation accelerated further in May to the highest level in one year, figures from Statistics Portugal showed Tuesday. Producer prices climbed 3.1 percent year-over-year in May, faster than the 1.4 percent rise in April. Moreover, this was the strongest PPI Inflation...

Poland's industrial production expanded at a faster-than-expected pace in May, figures from Statistics Poland showed Tuesday. Industrial production advanced 5.4 percent year-over-year in May, exceeding economists' forecast for an increase of 3.8 percent. Among components, manufacturing production...

Germany's economy is forecast to expand at slower pace this year and next as global economic risks increased significantly. In the Summer Forecast, the think tank projected the economy to expand 1.8 percent each this year and next. Earlier, the Ifo had forecast 2.6 percent growth for 2018 and 2.1...

Eurozone construction output increased in April, after falling in the previous three months, data from Eurostat showed Tuesday. Construction output advanced 1.8 percent month-over-month in April, reversing a revised 0.2 percent drop in March. Moreover, this was the sharpest rate of growth since...

European Central Bank President Mario Draghi said the bank will remain patient in determining the timing of the first rate rise and will take a gradual approach to adjusting policy thereafter. At a conference in Sintra, Portugal, Draghi said the bank stands ready to adjust all instruments as appropriate...

The euro area current account surplus declined to a 10-month low in April, the European Central Bank reported Tuesday. The current account surplus fell to EUR 28.4 billion in April from EUR 32.8 billion in March. This was the lowest surplus since June 2017. The surplus on goods trade totaled...

Sweden's unemployment rate decreased in May after rising in the previous two months, figures from Statistics Sweden showed Tuesday. The jobless rate dropped to 6.5 percent in May from 6.8 percent in April. In the corresponding month last year, the rate was 7.2 percent. The number of unemployed...

Switzerland's economy is forecast to expand as previously estimated this year as strong global economy and favorable exchange rate developments boost demand for domestic products. According to the State Secretariat for Economic Affairs, gross domestic product will grow 2.4 percent this year, in line...

Poland's average gross wages increased in May from a year ago, in line with expectations, figures from the Central Statistical Office showed Monday. Average gross wages grew 7.0 percent year-over-year in May, following a 7.8 percent rise in April. On a monthly basis, gross wages decreased 3.0...

Italy's foreign trade surplus decreased in April from a year ago, as imports grew faster than exports, data from the statistical office Istat showed Monday. The trade surplus fell to EUR 2.94 billion in April from EUR 3.60 billion in the corresponding month last year. The surplus also declined from...

russia-june18.jpg Russia's biggest two banks, Sberbank and Alfa Bank, are planning to test several private banking products based on cryptocurrencies in a regulatory sandbox environment hosted by the Russian central bank, the Kommersant newspaper reported.

Turkey's unemployment rate decreased further in March to the lowest level in nearly two years, the Turkish Statistical Institute reported Monday. The unemployment rate fell to 10.1 percent in March from 10.6 percent in February. In the corresponding month last year, the jobless rate was 11.7 percent. Moreover,...

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