By Agostino Consolo, António Dias da Silva, Maarten Dossche and Marco Weißler Do European workers see US tariff hikes as a threat to their job security? According to an ECB survey, while most workers are fairly relaxed, those in export-oriented sectors and those with lower incomes are more worried about their jobs than before the tariff increase. Trade tariffs between the euro area and the United States increased significantly this year. These tariffs increase the price of goods produced in Europe for...

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From today, sending money across the euro area will be faster and safer than ever. Thanks to new EU rules on instant payments, people and businesses can now transfer money in euro within seconds, anytime – day or night, weekdays or weekends – whether within their own country or across the euro area. Since January 2025, payment service providers (PSPs) in the euro area are obliged to offer their clients the possibility to receive euro instant payments. As of today, PSPs are also obliged...

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BRUSSELS, October 8, 2025 - The European Commission, in line with its Global Gateway investment strategy, and the World Bank Group are deepening their strategic partnership to drive a new generation of connectivity projects. An initial pipeline of projects includes 18 high-impact investments in three strategic sectors (energy, transport, and digital infrastructure) across Africa, Asia and the Pacific, and Latin America and the Caribbean. The collaboration, which will include regular high-level engagement and progress updates, is designed to ensure that projects...

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WASHINGTON, D.C. — This week, the United States Senate confirmed Mr. Ben Black as the new Chief Executive Officer (CEO) of the U.S. International Development Finance Corporation (DFC). We are pleased to welcome Mr. Black as the next CEO of DFC. His confirmation comes at a pivotal moment as we continue to advance our dual mandate of fostering strategic and economic development investments and serve as a force multiplier for the Trump Administration's foreign policy, economic prosperity, and national security agenda. Mr....

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Artificial Intelligence (AI) is transforming how businesses operate, reshaping public services, and revolutionising science. AI has the potential to improve our lives in many ways. As the global race to harness its potential heats up, the European Commission has put forward two strategies that will help Europe stay ahead in AI industry and science respectively.  The Apply AI Strategy sets out how to speed up the use of AI in key industries and the public sector. It will be used to help the EU...

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NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the September 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations increased at the short- and longer-term horizons and were unchanged at the medium-term horizon. Despite a small rebound in the expected job finding rate, labor market expectations continued to deteriorate with consumers reporting lower expected earnings growth, greater likelihoods of losing jobs, and a higher likelihood of a rise in overall unemployment. The...

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Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament It is a pleasure to be with you again for our regular dialogue. In recent months we have faced a period of heightened uncertainty. Yet, despite these challenges, the euro area economy has held up well. This resilience is no coincidence. It reflects, in no small part, the strength of two achievements we sometimes take for granted: our Single...

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By: Andrea Deghi, Mahvash S. Qureshi, Tomohiro Tsuruga Policymakers should enhance market surveillance through systemic risk monitoring including stress testing and scenario analysis Foreign exchange is the largest and most liquid financial market, with nearly $10 trillion changing hands daily. It’s the underpinning for global trade and finance—and its structure is changing as nonbank financial institutions, or NBFIs, assume a larger role in transactions used to manage currency risk and access to foreign funding. The market’s central role in the international monetary and financial system makes it...

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By Marijn Bolhuis, Arindam Roy, Patrick Schneider, Zhao Zhang Stronger fiscal and monetary policy frameworks and more developed local currency debt markets have supported emerging market resilience Emerging market economies have held up remarkably well in recent years, even after periods of global financial turbulence. While favorable external conditions (in other words, good luck) often helped, it’s clear that good policies matter. In the past, “risk-off” episodes—when global investors indiscriminately sold riskier assets—often hit emerging markets especially hard. They triggered sharp capital outflows and tighter...

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