Inflation and the new anti-fragmentation mechanism soon to be launched by the European Central Bank were the two main topics raised by MEPs with ECB President Lagarde. Attending the first Monetary Dialogue in Parliament’s Economic and Monetary Affairs Committee since the attack by Russia on Ukraine and a significant uptick of inflation across the Eurozone, European Central […]
ECB will apply flexibility in reinvesting redemptions coming due in the PEPP portfolio
The Governing Council met to exchange views on the current market situation. Since the gradual process of policy normalisation was initiated in December 2021, the Governing Council has pledged to act against resurgent fragmentation risks. The pandemic has left lasting vulnerabilities in the euro area economy which are indeed contributing to the uneven transmission of […]
ECB announces interest rate hike to curb inflation
High inflation is a major challenge for all of us. The Governing Council will make sure that inflation returns to its 2% target over the medium term. In May inflation again rose significantly, mainly because of surging energy and food prices, including due to the impact of the war. But inflation pressures have broadened and […]
New ECB monetary policy decisions
The Russian invasion of Ukraine is a turning point for Europe. The Governing Council expresses its unconditional support for the people of Ukraine. The Governing Council will ensure adequate liquidity conditions and implement the sanctions agreed by the European Union and European governments. It will also take all necessary measures to fulfil the price stability […]
ECB to stop buying debt in March
On February 3, the Governing Council confirmed the decisions taken at its monetary policy meeting last December, among which it will maintain interest rates and stop buying public debt by the end of March of this year. In the first quarter of 2022, the Governing Council is making net asset purchases under the PEPP at […]
New green policies for companies and banks
Firms and banks to be severely affected if climate change issues not addressed Orderly and swift transition to minimise costs and maximise benefits outweighs short-term cost of transition to zero-carbon economy over medium to longer term Investment in sectors and regions heavily exposed to climate risk set to suffer most The European Central Bank (ECB) […]
European Central Bank: Monetary policy decisions
The Governing Council of the ECB took the following monetary policy decisions: The conditions on the targeted longer-term refinancing operations (TLTRO III) have been further eased. Specifically, the Governing Council decided to reduce the interest rate on TLTRO III operations during the period from June 2020 to June 2021 to 50 basis points below the […]
The European Commission welcomes the cooperation agreement concluded between the European Central Bank, the Eurosystem and Sveriges Riksbank
The European Commission welcomes the cooperation agreement concluded on 3 April 2020 between the European Central Bank (ECB), the Eurosystem and Sveriges Riksbank which will allow settlement of instant payments in Swedish krona in the TARGET Instant Payment Settlement (TIPS). The Commission shares with the ECB the objective of fostering the development by European payments […]
ECB announces €750 billion Pandemic Emergency Purchase Programme (PEPP)
The Governing Council decided the following: To launch a new temporary asset purchase programme To launch a new temporary asset purchase programme of private and public sector securities to counter the serious risks to the monetary policy transmission mechanism and the outlook for the euro area posed by the outbreak and escalating diffusion of the […]