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Image header Agence Europe
Europe Daily Bulletin No. 13143
Contents Publication in full By article 14 / 38
ECONOMY - FINANCE - BUSINESS / Ecb

Monetary institute stays on course and raises key rates by 50 basis points

Believing that inflation is likely to remain “too high for too long”, the ECB Governing Council decided on Thursday 16 March to honour its commitment made in February (see EUROPE B13113A4) by raising the ECB’s three key interest rates by a further 50 basis points.

As of Wednesday 22 March, the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility will therefore be raised to 3.50%, 3.75% and 3.00% respectively.

In presenting the...

Contents

SECTORAL POLICIES
COMPETITIVENESS: European Commission reduces role of nuclear power in its Net-Zero Industry Act
COMPETITIVENESS: critical raw materials, Commission outlines strategy to reduce EU’s heavy dependence
COMPETITIVENESS: European Commission wants to boost EU’s long-term competitiveness
ENERGY: Commission unveils outline of European Hydrogen Bank
ENERGY: European Commission believes, “Energy storage can play a crucial role in decarbonising the [EU’s] energy system”
ENVIRONMENT: Industrial Emissions Directive, EU27 ministers adopt EU Council position for negotiations with Parliament
ENVIRONMENT: packaging and packaging waste regulation, Member State ministers call for flexibility
CLIMATE: carbon removal certification framework, EU Member States call for more clarity
AGRICULTURE/FISHERIES: fisheries policy, agricultural markets, and trade agreements on EU Council agenda for Monday, 20 March
AGRICULTURE: European Parliament moves towards an October plenary vote on sustainable use of pesticides
DIGITAL: European Commission presents its future European Public Procurement Data Space
REGIONS: European Commission launches new European Urban Initiative
HEALTH: ECDC warns Europeans about botulinum toxin treatments in Turkey
ECONOMY - FINANCE - BUSINESS
ECB: monetary institute stays on course and raises key rates by 50 basis points
TAXATION: landscape of tax advisory professions is very broad and diverse in Europe, according to a study
EXTERNAL ACTION
ALBANIA: welcoming progress, EU emphasises importance of continuing reforms
SERBIA/KOSOVO: Josep Borrell calls for agreement on implementation annex of EU’s proposal
SYRIA: Josep Borrell calls for renewed efforts to resolve conflict
EUROPEAN PARLIAMENT PLENARY
HOME AFFAIRS: spyware in EU, MEPs disappointed with Commission’s inaction vis-à-vis Member States
BIODIVERSITY: MEPs divided on responses to ‘Save Bees and Farmers!’ ECI
ANIMAL HEALTH: European Parliament members express different views on level of ambition in reforming animal welfare rules
GENDER EQUALITY: majority of MEPs concerned about rollback of abortion rights, especially in Poland
DIGITAL: European Parliament adopts its position for future inter-institutional negotiations on European Digital Identity
HUMAN RIGHTS: European Parliament calls on EU to do more for human rights defenders
TUNISIA: European Parliament calls for end to crackdown on civil society
IRAN: MEPs denounce poisoning of hundreds of schoolgirls
CAMBODIA: European Parliament calls for immediate and unconditional release of opposition leader Kem Sokha
SOCIAL/EMPLOYMENT: employment and social policies of Member States, MEPs set their priorities for 2023
COURT OF JUSTICE OF THE EU
ENVIRONMENT: PM10 pollution in Bulgaria, EU Court of Justice declares inadmissible twofold failure action by Commission
TELECOMMUNICATIONS: partial reimbursement of interception of communications complies with EU law, says Court of Justice
Russian invasion of Ukraine
STATE AID: green light for €650 million Slovenian aid for businesses in context of war in Ukraine
UKRAINE: launch of a ‘New European Bauhaus’ capacity-building programme for reconstruction of Ukrainian cities
NEWS BRIEFS
DEFENCE: European Peace Facility, EU adopts €9 million support for Macedonian army
DEFENCE: EU and NATO launch Task Force for Resilient Critical Infrastructure
YOUTH: record level of annual Erasmus+ budget, €4.43 billion for 2023
MEDIA: Media Freedom Act must recognise role of local governments, argues European Committee of the Regions
DIGITAL: CoR adopts opinion stressing need for “secure and sustainable” access to digital services to develop rural areas
RESEARCH: European Commission to grant €429.4 million in European funding to doctoral networks