• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

ECB invites EU Commission chief to speak in effort to improve dialogue, sources say

by October 26, 2024
written by October 26, 2024

WASHINGTON (Reuters) – European Central Bank President Christine Lagarde has invited European Commission President Ursula von der Leyen to speak to policymakers in January in what could become a more regular part of the central bank’s outreach programme, sources said.

Von der Leyen will speak to ECB governors and possibly selected staff the evening before the start of their Jan. 29-30 policy meeting in what the central bank hopes will create a dialogue and help better align various policy areas, according to four sources, who asked not to be named.

An ECB spokesman declined to comment.

Sources said the aim was to make such meetings regular though they would not necessarily take place before each policy meeting and they would not be formal part of Governing Council meetings.

Policy meetings will continue to start on Wednesdays with staff seminars, followed by a separate dinner the same evening, where only policymakers meet without staff to discuss monetary policy in an informal setting.

A key issue in recent years has been that monetary policy was not always aligned with other policies, leaving the ECB to carry an extraordinary burden or to fight exceptional headwinds.

In the era of low inflation, the ECB was trying to stimulate growth when fiscal policy was not helping enough, while during the recent inflationary surge, excess subsidies in some countries were making the ECB’s job harder.

External guests at meetings are not unprecedented and Valdis Dombrovskis, the European Commission’s vice-president, regularly attends them, as stipulated in the EU treaty. The ECB also welcomed both public and private sector guests for an informal retreat in Ireland earlier this year.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
US consumer moods brighten, among Republicans in particular
next post
US labor board wrongly ordered Tesla’s Musk to delete anti-union tweet, court rules

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks

      June 26, 2025
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

      June 26, 2025
    • Bumble shares jump 26% as dating company plans to axe 30% of workforce

      June 26, 2025
    • Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

      June 25, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (534)
    • Stock (6,426)

    Latest News

    • Divided Fed proposes rule to ease capital requirements for big Wall Street banks
    • Women’s Tennis Association extends media rights deal with Tennis Channel through 2032

    Popular News

    • Kohl’s surprise CEO departure to amplify woes ahead of holiday shopping season
    • Morning Bid: China stimulus gets mixed reviews

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy