HICP inflation expectations revised down for 2023; counterbalancing revisions for 2024 (down) and 2025 (up); longer-term expectations unchanged Real GDP growth expectations revised up for 2023, but down slightly for 2024 and 2025 Unemployment rate expectations revised down for 2023-25
Composite cost-of-borrowing indicator for new loans to corporations increased by 37 basis points to 4.22%; indicator for new loans to households for house purchase increased by 13 basis points to 3.37%; both driven by interest rate effect Composite interest rate for new deposits with agreed maturity from corporations increased by 26 basis points to 2.57%; interest rate for overnight deposits from corporations increased by […]
While the war in Ukraine is dragging on, concerns are mounting about the transboundary environmental damage it has caused. The European Economic and Social Committee (EESC) adopted an own-initiative opinion at its April plenary on the right to a healthy environment in the European Union especially in the context of the war in Ukraine calling for criminalisation of […]
Annual growth rate of broad monetary aggregate M3 decreased to 2.5% in March 2023 from 2.9% in February Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was -4.2% in March, compared with -2.7% in February Annual growth rate of adjusted loans to households decreased to 2.9% in March from 3.2% in February Annual […]
Banks reported a further substantial net tightening in credit standards for loans to firms and for house purchase Demand for loans decreased strongly, driven by rising interest rates, lower fixed investment and weakening housing markets Ongoing reduction in central bank balance sheet linked to TLTRO repayments and end of full APP reinvestments contributing to weakening […]
In the week ending 28 April 2023 the net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) decreased by EUR 1 billion to EUR 316.5 billion.
The inflation outlook continues to be too high for too long. In light of the ongoing high inflation pressures, the Governing Council today decided to raise the three key ECB interest rates by 25 basis points. Overall, the incoming information broadly supports the assessment of the medium-term inflation outlook that the Governing Council formed at […]
A four-year-old child died and several others went missing when a boat overturned on the Romanian section of the Maros near the Periam port on Sunday evening, the Agerpres news agency quoted the spokesperson of the Temes County Disaster Management.
Despite progress in some EU Member States to reduce their use, pesticide pollution still poses significant risks to human health and the environment, according to a European Environment Agency (EEA) briefing published today. To reverse this, much more needs to be done to achieve the EU’s zero pollution targets to reduce by 50% the use and risk […]
Euro money market activity dominated by secured and foreign exchange swap segments Turnover in secured and unsecured segments concentrated in very short-term tenors Largest share of trades in secured segment cleared by central counterparties, while non-banks were most active counterparty in unsecured segment Effective transmission of ECB policy rates to unsecured money market rates
