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Image header Agence Europe
Europe Daily Bulletin No. 13506
Contents Publication in full By article 5 / 29
ECONOMY - FINANCE - BUSINESS / Ecb

Surprised by weakness of certain economic indicators, ECB cuts main key rates again

After June (see EUROPE B13425A1) and September (see EUROPE B13481A2), the ECB’s Governing Council took the unanimous decision on Thursday 17 October in Ljubljana to cut its three key rates by 25 basis points, as the Frankfurt-based monetary institution said it was surprised by the weakness of certain economic indicators.

From Wednesday 23 October, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be cut to 3.25%, 3.40%...

Contents

EUROPEAN COUNCIL
MIGRATION: EU27 agree to explore new and innovative ways of tackling illegal migration, but have different concerns
MIDDLE EAST: EU27 call for appeasement in face of intensifying crises in Gaza and Lebanon
UKRAINE: Volodymyr Zelensky presents his ‘victory plan’ to European leaders
COMPETITIVENESS: European Council will not enter into substance of discussions until 8 November in Budapest
ECONOMY - FINANCE - BUSINESS
ECB: surprised by weakness of certain economic indicators, ECB cuts main key rates again
TAXATION: Margrethe Vestager calls on MEPs to continue their efforts on company taxation
TAXATION: European experts approve simplification of tax systems
FINANCE: ‘DEG’ group of experts publishes its recommendations on consolidated tapes
SECTORAL POLICIES
MIGRATION: European People’s Party affirms its support for principle of migrant return centres in third countries and S&D Group in European Parliament opposes it
DIGITAL: EU Council wants “more investment” in AI and review of European performance criteria
DIGITAL: European Commission adopts new rules for directive on high common level of cybersecurity (NIS2)
ENERGY: European Commission is expected to present a roadmap for ending Russian fossil fuel imports in early 2025
ENERGY: European Parliament’s Nuclear Energy Focus Group is back in action and arguing in favour of comprehensive action plan for nuclear energy
ENERGY: EU gas system can do without supplies from Russian pipelines, according to ENTSOG
ENERGY: European Commission clarifies provisions on termination of financial incentives for installation of new fossil fuel boilers
TRANSPORT: combined transport, Member States give new direction to technical work
CLIMATE: European Commission adopts delegated act for inclusion of offshore vessels under emissions monitoring system
CLIMATE: national energy and climate plans, CAN Europe sounds alarm and calls for stronger political support from Member States
ENVIRONMENT: European Ombudsman finds in EFSA’s favour following complaint by PAN Europe about indirect effects of pesticides on biodiversity
INSTITUTIONAL
BUDGET: there is a “lack of will on part of Member States” to introduce new EU own resources, says Danuše Nerudova
COURT OF JUSTICE OF THE EU
CONSUMERS: Court of Justice of EU clarifies conditions for partial reimbursement of a commission linked to granting of a mortgage loan
TRADE: CJEU reaffirms validity of countervailing duties on Indonesian biodiesel
INTELLECTUAL PROPERTY: Court of Justice interprets EU rules on legal protection of software
EXTERNAL ACTION
HUMAN RIGHTS: Azerbaijani activist, Palestinian and Israeli organisations and Venezuelan opposition shortlisted for 2024 Sakharov Prize
TRADE: EU trade ministers to discuss EU-China trade relations in Budapest on 18 October
NEWS BRIEFS
TRADE: European Commission publishes export control guidelines for cyber-surveillance sector
ECONOMY: euro area inflation at 1.7% in September
TRANSPORT: European automotive aftermarket representatives call on European Commission to take action on access to vehicle data
VENEZUELA: Christian Democrats in European Parliament ask Josep Borrell to recognise Edmundo González as legitimate Venezuelan president