There is a unique opportunity for European cities to better align their the post-COVID-19 recoveries with efforts to make them more sustainable and tackle the impacts of climate change all at the same time. A key legacy of the pandemic is that our cities are a lot more flexible and open to change when it […]

ECB and People’s Bank of China extend bilateral euro-renminbi currency swap arrangement for another three years Swap arrangement has maximum size of CNY 350 billion and €45 billion Arrangement serves as backstop liquidity facility to address shortages of Chinese renminbi of euro area banks

Compared with July: consumer expectations for inflation 12 months and three years ahead remained unchanged; expectations for nominal income and spending growth over the next 12 months increased; expectations rose slightly for economic growth over the next 12 months and edged down for unemployment in 12 months’ time; consumers expected the price of their home […]

Aggregate Common Equity Tier 1 ratio stable at 14.96% in second quarter of 2022 (compared with 14.99% in previous quarter and 15.60% in the same quarter last year) Aggregated annualised return on equity up to 7.62% in second quarter of 2022 (compared with 6.04% in first quarter of 2022 and 6.92% in the same quarter […]

The European Parliament is urging the European Commission to submit proposals on capping the price of natural gas delivered through pipelines from Russia, as well as an update of EU gas purchase regulations to curb the price of imported gas.