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The European Political Community (EPC) was founded as an intergovernmental platform aimed at facilitating political and economic coordination among European states, with a principal objective on strengthening cooperation in areas such as security, economic stability, and democratic governance.
The European Central Bank cut interest rates on Thursday and kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about persistent inflation.
Staff see the economy growing by 0.7% in 2024, 1.1% in 2025, 1.4% in 2026 and 1.3% in 2027. The projected recovery rests mainly on rising real incomes – which should allow households to consume ...
Reuters 3 hours ago Lagarde's statement after ECB policy meeting. The Governing Council today decided to lower the three key ECB interest rates by 25 basis points.
A record number of meetings (13) were held during 2020 - although mostly as informal video conferences; as the meeting frequency and format was changed this specific year by the COVID-19 pandemic. Since 2021, an average of eight council meetings per year took place (see list below).
These meetings involve ministers or high-level representatives from member countries who deliberate on policy matters, share experiences, and explore opportunities for collaboration majorly G20 finance and economy ministers, and central bank governors lead the meetings. Locations in bold text indicate the meeting was concurrent with a G20 summit.
January 27, 2025 at 6:47 AM. ... The European Central Bank, the Bank of Canada along with the Bank of England could all cut interest rates in coming days and weeks as policymakers bet inflation ...
Wim Duisenberg, first President of the ECB. The European Central Bank is the de facto successor of the European Monetary Institute (EMI). [7] The EMI was established at the start of the second stage of the EU's Economic and Monetary Union (EMU) to handle the transitional issues of states adopting the euro and prepare for the creation of the ECB and European System of Central Banks (ESCB). [7]