Euro area bank interest rate statistics: February 2023

Composite cost-of-borrowing indicator for new loans to corporations increased by 22 basis points to 3.85%; indicator for new loans to households for house purchase increased by 14 basis points to 3.24%, both driven by interest rate effect Composite interest rate for new deposits with agreed maturity from corporations increased by 30 basis points to 2.31%; interest rate for overnight deposits from corporations increased by […]

Monetary developments in the euro area: February 2023

Annual growth rate of broad monetary aggregate M3 decreased to 2.9% in February 2023 from 3.5% in January Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was -2.7% in February, compared with -0.8% in January Annual growth rate of adjusted loans to households decreased to 3.2% in February from 3.6% in January Annual […]

YEYS! 2023: Youth ask for a more transparent, digital and simplified EU

On 23 and 24 March, the European Economic and Social Committee (EESC) hosted the 14th Your Europe, Your Say! (YEYS!) event, bringing 105 students from 35 schools from all 27 EU Member States and the seven candidate countries to Brussels. Given the many societal and economic challenges, a shrinking civic space and threats to peace […]

Civil society players – indispensable allies for implementing the Sustainable Development Goals

At its March plenary session, the European Economic and Social Committee (EESC) hosted Ambassador Lachezara Stoeva, president of the United Nations Economic and Social Council (ECOSOC). Ambassador Stoeva strongly supported the key role civil society must play in implementing the 2030 Agenda.