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...

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...

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...

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...

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...