#ECB President Lagarde at today monetary policy press conf: "our monetary policy is in good shape, because it is agile"

1/2 #ECB President Lagarde: while we are tied to monetary purpose of what we do in terms of liquidity, and we have to constantly assess the proportionnality of what we do, it is a fact that we are looking at our liquidity framework, and that our repo lines, to be distinguished from the swap lines

The last few weeks, since the summer, USD has fluctuated between a range (...)", ECB President Lagarde stresses "As the result of that observations, we concluded that the impact of exchange rate appreciation since last year, is incorporated in our baseline" #ECB #monetarypolicymeeting

1/2 #monetarypolicy l #ECB Governing Council has decided to keep the 3 #ECB key rates on hold, citing the robustness of the labour market and private sector balance sheets + the first positive effects of public spendings in defence and infrastructure on growth

1/2 It's #ECB #monetarypolicy day! With euroarea medium-term inflation +/- at target, @ecb.europa.eu Governing Council is expected to keep its key interest rates on hold (DFR at 2.00%, MRO at 2.15% and MLF at 2.40% since the mini cut of June 2025), preserving ECB flexibility capacities,

🇸🇮🇪🇺 Congratulations Primož Dolenc on your appointment as sixth Governor of Banka Slovenije. Looking forward to continuing our work together.

1/2 HICP euroarea annual inflation rate is down to 1.7% in January, [below #ECB target!], according to a Eurostat estimate. Fuelled by base effects in energy. Note also the slight decline in services. Core inflation (excluding energy, food, alcohol & tobacco) is down estimated at 2.2% in Jan 26

#digitaleuro #SingleCurrencyPackage | The vulnerability vis à vis VISA and Mastercard was highlighted by @president.ecb.europa.eu Christine Lagarde years ago, ECON Chair @aurorelalucq.bsky.social stresses

“Aucun groupe politique n’est unanime sur ce sujet” souligne le député européen Gilles Boyer ce matin, alors que les députés européens analysent ce matin les amendements au projet de rapport du Parlement européen sur l’euro numérique

1/n At EP ECON committee, this morning, MEPs are examining amendments on the Single Currency Package, which includes the proposal for a #digitaleuro Chair @aurorelalucq.bsky.social , introducing, the debate states that digital euro is a monetary necessity but also a necessity for the rule of law

If NATO is an imperialist war machine, it won't let you just leave. If you can just leave, it isn't an imperialist war machine.

#EUCO | “We need to work within NATO” says Finnish PM Petteri Orpo , adding “we need a clear strategy on the European Union” But he also stressed: “We must remember Ukraine” pic.x.com/HZvgUBeSD0

#EUCO | “For us territorial integrity is an intangible principle”, says Lithuanian President Gitanas Nauseda, who stressed the need for pan-European moves to address to challenges

A lesson, in troubled times

#EUCO | “Les choses rentrent dans le calme, on peut s’en féliciter. Maintenant, il faut qu’elles soient plus stables et plus prévisibles. Ajoutant que les questions bilatérales US-Danemark étaient dans les mains des danois” souligne le Président français Emmanuel Macron à son arrivée à Bruxelles

#EUCO | Premières arrivées des leaders européens pour cette réunion informelle du Conseil européen à Bruxelles

“#Climate risk scenarios prepared by NGFS show that the longer climate action is postponed and the more abrupt the eventual policy response, the higher the associated risks for the economy and the financial system” write #ECB Claudia Buch in answer to MEP @baseickhout.bsky.social

With @president.ecb.europa.eu we finally have a European leader who is drawing red lines! Note, after J.K. Powell recent declaration the interesting democratic role played by central bankers at the moment.

😄 Nice try.

#ECB #Eurogroup | Eurogroup President Kyriakos Pierrakakis stresses that, at this Eurogroup meeting, a swift consensus has been reached both on the candidate for the @ecb Vice Presidency and on the decision-making process

#ECB #Eurogroup | having secured the reinforced QMV today at Eurogroup, Croatian Boris Vujcic will be the candidate recommended by the EU Council as the next #ECB Vice-President. He is considered as rather hawkish. Now waiting for the press conference

🔴 LIVE NOW - Plenary debate with Commissioner Michael McGrath The 28th Regime: a new legal framework for innovative companies 📺 Watch ⤵️ link.europa.eu/V6Rt74

1/n At the agenda of today’s #Eurogroup meeting: the process for the selection #ECB Vice-President • In January, ECON MEPs have expressed their support for the candidacies of - governor Mārtiņš Kazāks (Latvia) - former governor and former Eurogroup President Mário Centeno (Portugal)

🇵🇱🛤️🇩🇪 New year, old Deutsche Bahn - we're in for another two months of disruption on the Frankfurt/Oder - Berlin stretch of the railway, including no trains at all for almost a month. This is where the money for the morbidly not funny YouTube show about DB should have gone.

#ECB VP Luis de Guindos is at European Parliament today, to have an exchange of views with @EP_Economics MEPs on the outcome of the #ECB High-Level Task Force on Simplification

“We stand in full solidarity with the Fed. Reserve System and its Chair Jerome H. Powell. The independence of central banks is a cornerstone of price, financial and economic stability in the interest of the citizens that we serve” say Intl central bankers in a statement co-signed by Pt Lagarde

Don’t believe the hype on Russian growth. 🔹Oil and gas revenues down 50%. 🔹The Kremlin is hiking taxes and covertly printing money & National Welfare Fund hits rock bottom. 🔹80% of Russians are now worse off than before the invasion. @martinsandbu.ft.com www.ft.com/content/8abe...

“The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President.”, Fed. Chair J.H. Powell declared in a statement 🔥

Imposing sanctions on a former EU Commissioner because he was in charge when 🇪🇺 decided to establish rules (you may like them or not) for firms willing to operate in ITS OWN Single Market 🤯. Crazy times. (Plus, they don’t understand how the EU legislative process works)

1/n #EUCO #Ukraine The big come EU enhanced cooperations? EU leaders have finally ruled out the idea of mobilising Russian #frozenassets and have decided to provide Ukraine with a 0-interest €90b loan, borrowed by the EU on capital markets and backed by #EUbudget… through EU enhanced cooperation

"I know that Russia is intimidating different countries over this decision" President Zelenskyy wrote, on #FrozenAssets, adding that Russia would see an absence of decision on the subject as a sign of weakness of the EU

1/n @president.ecb.europa.eu on the #EUCO, the EU support to Ukraine and #frozenassets: "it's for the leaders to decide. And, given the importance of the matter, given what is at stake, I am fully confident that they will find a solution. It could be this usual European way, going in circles

Today is also a @ecb.europa.eu Governing Council #monetarypolicy meeting day! The #ECB is likely to keep its key rates on hold, but let's wait and see! 📷 Angela Morant/ECB © 2025 European Central Bank

#EUCO #Mercosur | EmmanuelMacron : “Il y avait des clauses de sauvegardes, elles ne sont pas finalisées”. Mais il estime que ces clauses ont été améliorées côté Parlement . Cependant il déclare : “Je salue les avancées mais le compte n’y est pas”.

#EUCO en of doorsteps time for the EU leaders arriving in Brussels for a busy December summit. 🇺🇦First point at the agenda: Ukraine and the EU support to Ukraine. 🇪🇺The other strategic discussions today will focus on the next Multiannual Financial Framework (#MFF) aka long term #EUbudget

Powell called out Trump for making stuff up to smear him "I'm not aware of that, Mr President. I haven't heard that from anybody at the Fed. You just added in a third building is what that is. No, it was built five years ago. We finished it five years ago. It's not new."

Five US banking associations challenge the banking licence applications submitted by several crypto firms alleging that custody services are not fiduciary services

Answering a question on the risk assessment in the 24 July #ECB monetary statement, ECB President Christine Lagarde clarified: "as a result of our strategy review, it was determined that we had to amplify, enhance, and probably give a slightly higher focus to risk assessments.

ECB President Lagarde @president.ecb.europa.eu on the availability of liquidities: "there is still plenty of liquidity in the system." "the volume has reduced over the course of time and it has reduced as a result of the reinvestment of #TLTROs, which is now completed.

The #ECB Governing Council decided today to have a break in rates cuts and maintain the 3 ecb key rates unchanged • Inflation at 2% med.-term target • Domestic price pressures incl. wage growth continue to ease BUT environment remains exceptionally uncertain, especially because of trade disputes

If we destroy nature, we destroy the economic activity that depends on it, says Executive Board member Frank Elderson. We are therefore assessing nature-related risks and the impact of ecosystem degradation on economic variables like inflation and growth europa.eu/!nNxPWr

Packed house for this year’s annual #EUbudget conference, organised by the EU Commission those 20-21 May 🔛The focus this year is set on the next #MFF (aka “long-term EU budget”) 🔥EU competitiveness at the menu of this morning’s second discussion panel

#monetarypolicy | As expected by most of the observers, the #ECB Governing Council announced today that it decided to lower the three ECB key rates by 25 bps 📄 www.ecb.europa.eu/press/pr/dat...

People got this wrong once, and so everyone is hesitant to predict the same today. But things are much worse for the US than in 2008: public debt levels, the fiscal largesse and the catastrophic state of the IRS, the US lost its allies, and the EU is doing much more to boost the international euro

#monetarypolicy | #ECB more than likely to further cut its key rates today. So, - 25 bps?

Have a nice #PiDay, ppl

Packed house for the @epc_eu policy dialogue focused on “The future of EU-UK relations on defence & security, trade & investment”. Insightful comment by Fabian Zuleeg on the common benefits the two parties would gain in a rapprochement in the field of capital markets but also on challenges regarding

Very interesting initiative from ECB to foster independent academic research and economic analysis

1/2 Christine Lagarde at #ECBandItsWatchers conference: "In this way, clarity on the reaction fonction can be seen as providing framework guidance – i.e. a type of guidance that comes from the discipline implicit in a monetary policy framework

The European Commission responds with countermeasures to US announcement that it would impose 25% tariffs on imports of steel and aluminium, which Commission qualifies as unjustified