The Governing Council decided on 8 september to raise the three key ECB interest rates by 75 basis points. This major step frontloads the transition from the prevailing highly accommodative level of policy rates towards levels that will ensure the timely return of inflation to the ECB’s 2% medium-term target. Based on its current assessment, […]
MEPs focus on inflation and economic divergence with ECB President Lagarde
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 […]
European Central Bank (ECB)
Access to the official webpage and social networks Role: To manage the euro, keep prices stable and conduct EU economic & monetary policy Members: ECB President and Vice-President and governors of national central banks from all EU countries President: Christine Lagarde Year established: 1998 Location: Frankfurt (Germany) The European Central Bank (ECB) manages the euro and frames […]