The General Board of the European Systemic Risk Board held its 48th regular meeting on 1 December 2022

At its meeting on 1 December 2022, the General Board of the European Systemic Risk Board (ESRB) noted that risks to financial stability have increased over the past few months. This reflects persistently high inflation, a tightening of financial conditions and a perceptible deterioration in the economic outlook. While third-quarter GDP growth in the European Union […]

ECB Consumer Expectations Survey Results – October 2022

Compared with September: consumer expectations for inflation 12 months ahead increased further, while expectations for inflation three years ahead remained unchanged; inflation expectations remained well below the perceived past inflation rate, particularly at the medium-term horizon of three years; expectations for both nominal spending and income growth over the next 12 months increased, and expected […]

ETF concludes that bivalent original/Omicron BA.4-5 mRNA vaccines may be used for primary vaccination

EMA’s Emergency Task Force (ETF) considers that adapted mRNA bivalent vaccines targeting the original strain and Omicron BA.4-5 subvariants of SARS-CoV-2 may be used for primary (initial) vaccination. These vaccines are currently only authorised as boosters.

EFSA’s Advisory Forum supports Europe’s Research Agenda

Europe’s national food authorities have called for continuous R&I investment in generating the scientific knowledge needed for risk assessment. This will ensure that providing healthy nutrition and safe food remains a priority objective for food systems that are sustainable, within and beyond Europe. In a joint statement with the European Food Safety Authority (EFSA), the Advisory Forum, tasked […]

SAFE: tighter financing conditions and an expected deterioration in the economic environment

Euro area firms saw continued improvement in business activity, but rising costs of materials, energy and labour weighed on their profitability. Turnover is still expected to increase over the next six months, but by less than had been expected in the previous survey round. Lack of skilled labour and higher input costs were reported as […]

Euro area bank interest rate statistics: October 2022

Euro area bank interest rate statistics: October 2022 Composite cost-of-borrowing indicator for new loans to corporations increased by 32 basis points to 2.72%, driven by interest rate effect; indicator for new loans to households for house purchase increased by 21 basis points to 2.66%, driven by interest rate effect Composite interest rate for new deposits with agreed maturity from corporations increased by […]