Today, together with a group of distinguished economists and Members of the European Parliament (MEPs), we sent an open letter to the Governing Council of the European Central Bank (ECB). Our collective call is for a thorough reassessment of the minimum reserve requirements imposed on commercial banks within the euro area. Among the signatories are academics Paul De Grauwe, Yuemei Ji, Andrea Roventini, Sebastian Diessner and Philipp Heimberger, and MEPs including René Repasi, Philippe Lamberts, Bas Eickhout, Henrike Hahn, Paul Tang and Evelyn Regner. We are also joined by the UN Special Rapporteur, Olivier De Schutter.
Despite pressure from experts and Macron’s recent endorsement at COP28, the ECB resists dual rates for green projects, claiming it’s inconsistent with fighting inflation. Is this a valid argument? Read more
The European Parliament’s Economic and Monetary Committee (ECON) is preparing for a vote on 28 November with regard to its resolution on the European Central Bank (ECB) Annual Report. This resolution puts forward a set of recommendations on actions and areas of focus to be pursued by the ECB while delivering on its mandate.
Windfall profits for banks are the consequence of ECB rate hikes.
Get the ECB interest rates explained in plain terms! Discover more with the latest from our explainer series!
How many women are there in the ECB Governing Council? And in boardrooms and the broader financial sector? Why does gender equality matter in macro-finance and beyond?