ECB’s Lagarde hints at further rate cut as inflation moderates
The European Central Bank president stated earlier this week that inflation could soon return to the bank’s target level. The ECB’s mid-term inflation target stands at 2 percent.
Europe in brief: Poland questioned over “Russian influence” law
A new Polish law that establishes a special committee to investigate Russian influence on the internal security of Poland between 2007 and 2022 is raising eyebrows within the European Commission. French President Emmanuel Macron urges the EU to develop new ways of handling its enlargement. The European Central Bank presents its semi-annual Financial Stability Report.
Europe in brief: German defence minister slams Hungary over Ukraine aid blockade
German Defence Minister “somewhat disappointed” with Hungary over Ukraine aid. More than 1,000 individuals indicted over war crimes in Bosnia and Herzegovina. In other news: Belgian Prime Minister eager to halt European nature legislation and ECB wants to bring inflation back to 2 percent.
Another banking crisis? ECB confident about eurozone financial resilience
The recent collapse of the Silicon Valley Bank (SVB) in the United States and the crisis at Credit Suisse in Switzerland over the weekend set off concerns regarding contagion across the international financial sector. While European governments and financial institutions closely monitor the situation, it is not all bleak.
Europe in brief: ECB warns of technical recession risk in the eurozone, EU Commission calls on Council of the EU to accept Bulgaria, Romania and Croatia into the Schengen area, EU to provide 1 billion euros for climate adaption in Africa
Amid high energy prices, rising inflation and low economic growth, risks to financial stability in the euro area have increased, warns the European Central Bank. What also happened: The European Commission calls for Schengen area membership for Romania, Bulgaria as well as Croatia and announces a 1-billion-euro program to help fund climate change adaptation and resilience in Africa.