EBF MORNING BRIEF Thursday 10 October 2024 Good morning. Here are the top news stories and events in European banking, financial regulation and EU policy, brought to you by the European Banking Federation.
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FROM THE MEDIA
Reuters: ECB policymakers press case for October rate cut
Several European Central Bank (ECB) policymakers argued their case for another interest rate cut next week. "A cut is very likely and it will not be the last one, the rhythm depending on how the fight against inflation evolves," French central bank chief Francois Villeroy de Galhau said in an interview reported by Reuters. Read more
Bloomberg: ECB rates can be neutral in 2025 if inflation at 2%
European Central Bank (ECB) Governing Council member Martins Kazaks said interest rates can be lowered next year to levels that neither stimulate nor restrict the economy — should inflation meet the 2% target, Bloomberg reports. Read more
FT: ‘Highly restrictive’ rates risk hurting Eurozone economy
Inflation could be on track to meet the European Central Bank’s (ECB's) 2% target in the first half of 2025, boosting the case for policymakers to cut “highly restrictive” interest rates faster than previously anticipated, Greece’s central bank governor has said as reported by the Financial Times. Read more |
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MAIN EVENTS
Thursday 10 October
Friday 11 October |
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FROM EBF MEMBERS ABBL: Signing of the new collective bargaining agreement for the Luxembourg banking sector The Luxembourg Bankers' Association (ABBL) is pleased to announce the official signing of the new collective bargaining agreement for the Luxembourg banking sector, covering the period 2024-2026. Read more
BdB: Team Germany: Understanding development and foreign trade policy as a common task
The Association of German Banks (BdB) has published a position paper on understanding development and foreign trade policy as a common task. Read more (DE)
Finance Denmark: More, but record expensive houses for sale
At the end of September, there were 34,222 detached and terraced houses for sale across Denmark. That is around 14% more than than last year. Read more (DK) |
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FROM THE INSTITUTIONS
ECB: Critical inputs from China: how vulnerable are European firms to supply shortages?
China has been an important and reliable supplier of critical inputs for European industries for decades. But how vulnerable would our companies be if that suddenly stopped? The European Central Bank (ECB) Blog estimates the potential losses in value added for manufacturers in five countries. Read more
SRB: Prepared no matter the size – ensuring crisis readiness for smaller banks in the Banking Union
Smaller banks play an important role in the financial ecosystem. According to the Single Resolution Board (SRB), they provide essential services that support local economies and communities. Read more
BIS: Technology and regulation - bridging the gap in the collective interest
The Bank for International Settlements (BIS) has published the keynote speech by Alessandra Perrazzelli, Deputy Governor of the Bank of Italy, at the Milan Fintech Summit, Milan, 8 October 2024. Read more |
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FROM THE EBF
New EBF Vacancies! Work with us!
Visit our Vacancies page to learn more about the opening positions at the EBF. Read more |
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ABOUT THE EUROPEAN BANKING FEDERATION
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. Website: www.ebf.eu |
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This newsletter is published by the EBF Mediacentre.
For questions or suggestions contact r.hrelja@ebf.eu European Banking Federation Avenue des Arts 56, B-1000 Brussels, Belgium
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