The President of the European Commission, Ursula von der Leyen, travelled to Kyiv today, accompanied by 15 Commissioners, for the first ever meeting between the College and the Ukrainian Government. The meeting takes place back to back with the EU-Ukraine summit, the first since the start of Russia’s war of aggression against Ukraine and the granting […]
ECB details modalities to reduce Eurosystem’s holdings of securities under the asset purchase programme through partial reinvestment, broadly in line with current practice under full reinvestment Governing Council decided on stronger tilting of corporate bond purchases during partial reinvestment, including in primary market, towards issuers with better climate performance
The Governing Council will stay the course in raising interest rates significantly at a steady pace and in keeping them at levels that are sufficiently restrictive to ensure a timely return of inflation to its 2% medium-term target. Accordingly, the Governing Council today decided to raise the three key ECB interest rates by 50 basis […]
Composite cost-of-borrowing indicator for new loans to corporations increased by 30 basis points to 3.41%, driven by interest rate effect; indicator for new loans to households for house purchase increased by 5 basis points to 2.94%, driven by interest rate effect Composite interest rate for new deposits with agreed maturity from corporations increased by 31 basis points to 1.83%, driven by […]
Today, Mariya Gabriel, European Commissioner for Innovation, Research, Culture, Education and Youth, launches 10 Erasmus+ projects to test new forms of transnational cooperation between higher education institutions, as outlined in the European strategy for universities just one year ago. This is a key milestone for achieving the European Education Area.
In 2014-2020, the European Structural and Investment Funds (ESI Funds) unleashed a total investment of €731 billion, of which €535 billion was funded by the EU, fostering lasting socio-economic convergence, territorial cohesion, social Europe and a smooth green and digital transition.
In the week ending 27 January 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 5.1 billion to EUR 339.3 billion.
ECB to examine 57 of euro area’s largest banks as part of regular EBA-led EU-wide stress test ECB to conduct parallel stress test for 42 directly supervised banks outside EBA sample
Substantial tightening in credit standards for all loan categories Loan demand from firms decreased as interest rates continued to rise and financing needs for fixed investment fell Demand for housing loans decreased strongly owing to rising interest rates, low consumer confidence and deteriorating housing market prospects
376,000 counterfeit euro banknotes withdrawn from circulation in 2022, second-lowest level ever in proportion to total banknotes in circulation Around two-thirds of withdrawn counterfeits were €20 and €50 banknotes Euro banknotes remain trusted and safe means of payment Authenticity of euro banknotes verified using “feel, look and tilt” method