EUR ECOFIN Meetings
ECOFIN is the Eurozone's broadest financial decision making body. The council coordinates economic policies of the 28 member states, and their initiatives and decisions can have a widespread effect on the Eurozone's economic health;
ECOFIN meetings are usually held in Brussels and attended by Finance Ministers from EU member states. They discuss a range of financial issues, such as euro support mechanisms and government finances. The meetings are closed to the press but officials usually talk with reporters throughout the day, and a formal statement covering meeting objectives may be released after the meetings have concluded;
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- EUR ECOFIN Meetings News
- From bnnbloomberg.ca|Feb 24, 2024|5 comments
The European Union must find ways of financing massive investment quickly to catch up with major shifts in the world order, according to Mario Draghi. “Many profound changes have taken place in the last few years in the global economic order,” he said on Saturday. “These changes have a variety of consequences, one of which is clear is that we’ll have to invest an enormous amount in a relatively short time in Europe.” The former head of the European Central Bank has been tasked with writing a report on how to make the EU more ...
- From bnnbloomberg.ca|Feb 23, 2024
European Central Bank Governing Council member Madis Muller cautioned against lowering borrowing costs too early, with the rise in salaries still too strong to be compatible with the 2% price goal. “It would be prudent to be patient with the first rate cut”, the Estonian central bank chief said in an interview. “Wage growth is still higher than what we would like to see to be sure it’s consistent with our inflation target.” Speaking in Ghent, Belgium, where he’s attending a meeting of European finance ministers and central bank ...
- From bnnbloomberg.ca|Sep 17, 2023
European Central Bank Governing Council member Yannis Stournaras said governments must do their part in reining in consumer prices after borrowing costs reached a level that may well be their peak. “Monetary policy has done its part to fight inflation,” Stournaras said in an interview in Santiago de Compostela, Spain, where he attended a meeting of euro-area finance officials. “Now it’s up to fiscal policy to take out some of the heat.” The comments follow a similar call from French central bank governor Francois Villeroy de Galhau, ...
- From msn.com|Sep 17, 2023
European Union finance ministers on Saturday backed a timeline calling for the reform of the bloc's fiscal rules by the end of the year as they look to balance debt cuts with investing in an individually tailored yet equal way. "It may be challenging but... the Spanish Presidency is committed to this timeframe and just today we outlined the way to do it, the fiscal 'camino'," European Commission Vice-President Valdis Dombrovskis told a news conference. Dombrovskis was referring to the "camino de Santiago" or Saint James's way, a ...
- From finance.yahoo.com|Sep 17, 2023|2 comments
Betting that the European Central Bank cuts interest rates in the first half of next year would be a mistake, according to Governing Council member Martins Kazaks. Wage growth in the euro zone hasn’t yet peaked and it’s unclear how quickly underlying inflation will retreat, the head of Latvia’s central bank said. Last week’s decision to lift borrowing costs for a 10th straight time puts the ECB more solidly on track to reach its 2% target in 2025, but it’s too soon to exclude another hike. “The market shouldn’t expect that we would ...
- From bnnbloomberg.ca|Sep 17, 2023
The European Central Bank should consider speeding up the wind-down of its bond portfolio now that interest rates have reached a level that’s probably high enough to get inflation under control, Governing Council member Madis Muller said. One option would be to start rolling off the €1.7 trillion ($1.8 trillion) of securities amassed during the pandemic under the so-called PEPP program, where proceeds are currently scheduled to be fully reinvested through the end of 2024, the Estonian central-bank governor said in an interview in ...
- From bnnbloomberg.ca|Sep 16, 2023|1 comment
Stubborn euro-area inflation could force the European Central Bank to raise interest rates again, according to Governing Council member Robert Holzmann. The Austrian policymaker defended the decision to lift the deposit rate for a 10th straight time this week and said the conclusion that the current level of borrowing costs will substantially advance the fight against price rises shouldn’t be understood as the ECB going soft. “We definitely can’t say that this was the final hike,” Holzmann said in an interview in Santiago de ...
- From @financialjuice|Apr 28, 2023
post at 6:28am: ECB'S PRESIDENT LAGARDE: THE ECB WELCOMES THE PUBLICATION OF PROPOSALS ON FISCAL RULES.
Released on Feb 24, 2024 |
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Released on Sep 16, 2023 |
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Released on Apr 28, 2023 |
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