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IMF Warns Europe Not to Block ‘Inevitable Structural Change'
IMF Warns Europe Not to Block ‘Inevitable Structural Change'

Bloomberg

time25-04-2025

  • Business
  • Bloomberg

IMF Warns Europe Not to Block ‘Inevitable Structural Change'

By , Jana Randow, and Jorge Valero Save The International Monetary Fund warned Europe not to obstruct change as it attempts to alleviate the fallout from US President Donald Trump's tariff torrent. 'When dealing with trade shocks, any support to viable businesses aimed at mitigating tariff impacts should be temporary and targeted,' Alfred Kammer, director of the institution's European department, said Friday in Washington. 'Europe should protect people, but we have to be cautious not to stand in the way of inevitable structural change.'

ECB's Cipollone Says Rate Cuts Should Take QT Into Account
ECB's Cipollone Says Rate Cuts Should Take QT Into Account

Bloomberg

time18-02-2025

  • Business
  • Bloomberg

ECB's Cipollone Says Rate Cuts Should Take QT Into Account

By and Jana Randow Save Interest-rate decisions by the European Central Bank shouldn't overlook the tightening effect on monetary policy from unwinding past asset purchases, according to Executive Board member Piero Cipollone. In comments at an event organized by MNI, the Italian official said that while policy rates remain the primary instrument to adjust the ECB's stance, the role of quantitative tightening in influencing financial and financing conditions – through the yield curve or bank lending — should also be considered.

ECB Could Face Biggest Personnel Shakeup Since 2019 This Year
ECB Could Face Biggest Personnel Shakeup Since 2019 This Year

Bloomberg

time07-02-2025

  • Business
  • Bloomberg

ECB Could Face Biggest Personnel Shakeup Since 2019 This Year

By and Jana Randow Save The European Central Bank is set to enter a new phase of unpredictability as the terms of seven of its 26 interest rate-setters end by December, marking its biggest personnel shakeup since 2019. They include the panel's longest-serving member, Klaas Knot of the Netherlands, along with several former finance ministers who were veterans of Europe's debt crisis and whose expertise may be missed as budgets are once again stretched and a US-led trade war unfolds.

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