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Digital euro will launch but perhaps later than 2027

Location:

INT

The digital euro project is the most advanced central bank digital currency (CBDC) plan among Western economies. It promises enhanced strategic autonomy, faster payments and to…

ECB and Fed to delay rate cuts to sustain disinflation

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EU/US

Disinflation is underway on both sides of the North Atlantic, but it is not yet deeply entrenched, giving both central banks a reason to delay cuts. The ECB must contend with…

Prospects for the euro-area in 2024

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PROSPECTS 2024

GDP contracted by 0.1% quarter-on-quarter in July-September, according to updated estimates from Eurostat this month, having grown by 0.2% in the second quarter and not at all in…

Central bank policies diverge amid political strains

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INTERNATIONAL

This creates a clear contextual divide, ahead of consequential European Parliament, US and UK elections in 2024. The inability of the central banks to forecast inflation or growth…

Eastern members risk falling behind rest of EU

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EU

Speaking on the occasion, European Commission President Ursula von der Leyen said that, over the past 20 years, the promise of stability and prosperity has been fulfilled…

Dinar ban will damage EU-led Kosovo-Serbia dialogue

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KOSOVO

A Central Bank regulation reaffirming the euro as sole legal tender has alarmed Kosovo’s Serbs who see it as a direct threat to their existence and is jeopardising already complex…

Turkey will face a long-term refugee problem

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TURKEY

The EU has committed billions of euros to help Turkey deal with the impact of those refugees, but EU auditors said on April 24 that they could not determine the impact of that…

Interest rate uncertainty keeps pressure on US bonds

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INTERNATIONAL

The Fed and ECB seem set to diverge, with the latter expected to cut rates in June. There is a rising prospect, bolstered by the resilient US labour market and Middle East…

Australia emission standards will have limited impact

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AUSTRALIA

Although raising fuel efficiency standards as a means of reducing emissions has been a high-profile issue for the government, last-minute concessions to the automotive sector will…

EU/UK financial trading risks need close monitoring

Location:

EU/UK

Hedge funds are systemically important participants in financial markets and their preference for leverage amplifies their impact, especially when interest rate changes prompt…