Credit terms and conditions tightened for all counterparty types over December 2022 to February 2023 review period and year to March Maximum amount and maximum maturity of funding offered against euro-denominated government bonds increased over review period Initial margin requirements for most non-centrally cleared over-the-counter derivatives increased over review period

In the week ending 31 March 2023 the increase of EUR 39.9 million in gold and gold receivables (asset item 1) primarily reflected quarterly revaluation adjustments.

Current account deficit at €137 billion (1.0% of euro area GDP) in 2022, down from €285 billion surplus (2.3% of GDP) a year earlier Geographical counterparts: largest bilateral current account deficits vis-à-vis China (€170 billion) and Russia (€79 billion) and largest surpluses vis-à-vis United Kingdom (€137 billion) and Switzerland (€72 billion) International investment position showed net assets of €265 billion (2.0% of euro area GDP) at end of 2022 Euro area financial assets vis-à-vis Russia amounted to €308 billion (0.9% […]

Households’ financial investment increased at an annual rate of growth of 2.2% in fourth quarter of 2022, after 2.5% in third quarter Non-financial corporations’ financing grew at an annual rate of 2.1%, after 3.2% Non-financial corporations’ gross operating surplus increased at an annual rate of 10.9%, after 8.9%  

ECB Consumer Expectations Survey results – February 2023 consumer inflation expectations declined further; expectations for nominal income growth over the next 12 months edged down slightly, while expectations for nominal spending growth edged up; expectations for economic growth over the next 12 months became less negative and expectations for the unemployment rate in 12 months’ […]

The Commission welcomes the provisional agreement reached today between the European Parliament and the Council to reinforce the EU Renewable Energy Directive. This deal brings the EU one step closer to completing the “Fit for 55” legislation to deliver the European Green Deal and the REPowerEU objectives. The agreement raises the EU’s binding renewable target for 2030 to a minimum of 42.5%, up […]

Today, the European Commission is launching the third call for small-scale projects under the Innovation Fund, one of the world’s largest funding programmes for the deployment of innovative low-carbon technologies. Financed by revenues from the auctioning of emission allowances from the EU’s Emissions Trading System (EU ETS), this call for small-scale projects will further boost the deployment of […]

In its March plenary, the European Economic and Social Committee (EESC) adopted an opinion urging the European Institutions to address the fragmented implementation of foreign policy sanctions across Member States. The EESC is concerned about the inconsistency in standards and in the application of sanctions in national legislation, and is calling for immediate action to […]