The Fed is widely expected to begin an easing cycle in mid-2025, while the ECB is projected to hold rates steady for a more extended period, with cuts potentially delayed until late 2025 or early 2026.
Inflation had came down to the European Central Bank’s (ECB’s) 2 per cent target rate quicker than anyone had expected, courtesy of easing energy prices and a weak dollar, while growth remained steady, even surprising a bit on the upside.
This paper should not be reported as representing the views of the European Central Bank (ECB). The views expressed are those of the authors and do not necessarily reflect those of the ECB ... ECB - ...
This paper should not be reported as representing the views of the European Central Bank (ECB). The views expressed are those of the authors and do not necessarily reflect those of the ECB ... The left chart is taken from ECB-EIOPA (2024).
ECB wage tracker continues to suggest normalisation of negotiated wage pressures in 2026. ECB wage tracker updated with wage agreements signed up to mid-January 2026; forward-looking horizon remains unchanged at end-December 2026 ... The ECB wage tracker.
ECBInflation Risks ... The extended inflation horizon presents unprecedented challenges for ECB policymakers ... Consequently, the ECB must potentially maintain restrictive policy stances for longer durations than market participants currently anticipate.
The resolution, which passed with 443 votes in favor, formally adopts the ECB’s annual report and explicitly supports the ongoing investigation phase for a central bank digital currency (CBDC).
European Commission PresidentUrsula von der Leyen has urged the EU to simplify its regulations on companies operating in the region to boost the bloc’s economic growth ... Citing the U.S ... “It is clear that we can no longer do business as usual ... ....