Chapter News

18 Mar
Chapter News

ECB | Managing liquidity in a changing environment

By Claudia Buch and Isabel Schnabel | As the normalisation of the Eurosystem balance sheet progresses, the aggregate amount of central bank liquidity available to banks in the euro area will fall over the coming years. This blog explains the role played by the Eurosystem’s refinancing operations within the operational framework for monetary policy implementation. The ECB, both as a monetary policy authority and as a supervisor, expects that banks should consider these operations as an integral part of...

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14 Mar
Chapter News, TRIA News

TRIA | EIB & EACCNY Transatlantic Resilient Infrastructure Alliance: Strengthening Collaboration Between the EU and the U.S. on Key Investments (1st Operational Meeting)

The first operational meeting of the Transatlantic Resilient Infrastructure Alliance (TRIA) was held in Luxembourg on 6. March 2025, following a formal launch in New York in October 2024. It took place in the context of the third edition of the EIB Group Forum, held from 5. to 7. March 2025. TRIA, a joint initiative between the European Investment Bank (EIB) and the European American Chamber of Commerce New York (EACCNY), aims to unite key actors to support the...

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14 Mar
Chapter News

ECB launches pilot project for research access to confidential statistical data

Anonymised data on individual banks in the entire euro area will be available to academic researchers Several access modes will be tested with a view to establishing a permanent framework for research access to ECB data The European Central Bank (ECB) today launched a pilot project to facilitate research access to data it collects from the financial sector. The initiative aims to promote independent research, enhance cross-country economic analysis and promote a deeper understanding of financial dynamics within the...

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14 Mar
Chapter News

European Commission | New data shows strong levels of consumer trust, but online threats persist

Ahead of tomorrow's World Consumer Rights Day, the Commission has published the 2025 Consumer Conditions Scoreboard, which shows that 68% of European consumers feel confident about the safety of the products that they buy, with 70% trusting that their consumer rights are respected by traders.  However, data from the Scoreboard also shows that online risks for consumers persist, including scams, fake reviews, and misleading advertising practices. Commissioner for Democracy, Justice, the Rule of Law, and Consumer Protection, Michael McGrath, said: “The...

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13 Mar
Chapter News

ECB launches pilot project for research access to confidential statistical data

Anonymised data on individual banks in the entire euro area will be available to academic researchers Several access modes will be tested with a view to establishing a permanent framework for research access to ECB data The European Central Bank (ECB) today launched a pilot project to facilitate research access to data it collects from the financial sector. The initiative aims to promote independent research, enhance cross-country economic analysis and promote a deeper understanding of financial dynamics within the...

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13 Mar
Chapter News

IMF | How Sound Economic Policy Can Help Prevent Conflict

Simulations that incorporate machine learning-based predictions of conflict suggest large payoffs from preventive policies, including efforts to promote macroeconomic stability and growth  Blog post by Franck Bousquet, Paul M. Bisca, Christopher Rauh, Benjamin Seimon | Macroeconomic policy can play a key role in preventing armed conflict, in turn saving lives and avoiding injuries, forced displacement and migration, and vast damage to the economy. That’s according to new IMF research, based on policy simulations incorporating machine learning-based predictions of conflict. The paper finds that every $1...

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12 Mar
Chapter News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | European Commission countermeasures on US steel and aluminium tariffs explained

On 12 March, the United States imposed tariffs of up to 25% on imports of steel, aluminium, and certain products containing steel and aluminium from the European Union and other trading partners. In response, the Commission is launching a series of countermeasures to protect European businesses, workers and consumers from the impact of these unjustified trade restrictions. Context: measures and countermeasures imposed under the previous Trump administration In June 2018, the first Trump Administration introduced tariffs on European steel and aluminium...

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12 Mar
Chapter News

ECB | New data release: ECB wage tracker continues to indicate that negotiated wage pressures will ease

ECB wage tracker, updated with agreements signed up to 19 February 2025, broadly unrevised compared to data release following January Governing Council meeting Forward-looking information continues to suggest that negotiated wage pressures will ease overall in 2025 Forward-looking information from the wage tracker should not be interpreted as a forecast The European Central Bank (ECB) wage tracker, which only covers active collective bargaining agreements, indicates negotiated wage growth with smoothed one-off payments of 4.7% in 2024 (based on an...

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11 Mar
Chapter News

Council of the EU | Council agrees to enhance cooperation and information exchange on minimum effective corporate taxation

The Council reached a political agreement today on a new EU directive (DAC9) that will improve administrative cooperation in the field of taxation. The objective of this legislation is to enhance cooperation and information exchange on minimum effective corporate taxation to better fulfil the filling obligations that multinational enterprise groups and large-scale domestic groups have under the Pillar 2 of the G20/OECD global agreement. This international deal was reached to avoid base erosion and profit shifting, ensuring that large corporations...

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11 Mar
Chapter News, New York Related News

NY Fed | Medium- and Longer-Term Inflation Expectations Unchanged; Consumers’ Pessimism About Their Future Financial Situations Increases

NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the February 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations increased slightly at the short-term horizon but remained unchanged at the medium- and longer-term horizons. Households expressed more pessimism about their year-ahead financial situations in February, while unemployment, delinquency, and credit access expectations deteriorated notably. Meanwhile, spending growth expectations rose significantly. Average quit probabilities among those employed fell to the lowest level since...

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