#ecb Tech News.
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The latest ecb news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks ecb across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
The ECB delivered a 25bp rate hike as expected, but markets wanted more commitment to future moves. Lower oil prices are acting as a dovish driver. If tensions with Iran re-escalate, rates could rise significantly higher.
The European Central Bank hikes interest rates by 25 basis points. The move follows a hawkish narrative and aligns with expectations of three rate increases. Markets show limited room for further tightening despite a steepened yield curve.
The European Central Bank quietly restricted Revolut from launching new products in the European Economic Area last summer until it fixed deficiencies in its approval process. The ECB also ordered an independent review of Revolut's risk and compliance functions and blocked new customers and acquisitions outside the EEA.
The European Central Bank temporarily barred Revolut from releasing new products in the European Economic Area last summer until the company rectified deficiencies in oversight. Staff had been encouraged to rapidly launch new financial products. Revolut is Europe's most valuable fintech.
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