EUR News
LAST UPDATE: September 3, 2025
IMF comes to Bucharest on Wednesday for an analysis on latest economic developments
An IMF mission led by Joong Shik Kang will visit Bucharest from September 3 to 12, 2025, to conduct an Article IV consultation and analyze recent economic developments.
Insight
The visit signals a formal IMF review of Romania’s fiscal and economic policies, potentially shaping guidance and support amid modest growth and inflation.
EU to propose Mercosur trade deal, facing France-led opposition
The European Commission will present a trade deal with the Mercosur bloc, aiming to win over critics—especially France, Poland, and EU farm lobby members—through added safeguards.
Insight
The proposed deal balances market expansion for the EU with domestic protection for sensitive sectors, setting the stage for contentious upcoming negotiations.
EU should seek safeguards from foreign stablecoins, ECB says
ECB President Christine Lagarde said EU legislators should demand safeguards and equivalence regimes from foreign stablecoin issuers to mitigate reserve run risks.
Insight
The call reflects regulatory caution over crypto, aiming to strengthen financial stability by ensuring credible cross-border compliance for digital currencies.
UK’s Reeves promises ‘tight grip’ on public finances at November 26 annual budget
Finance Minister Rachel Reeves announced the November 26, 2025, budget date, promising strict day-to-day fiscal discipline to reduce inflation and borrowing costs.
Insight
The budget pitch is aimed at re-establishing market confidence amid high borrowing costs and G7-high inflation, while balancing growth ambitions.
New orders help lift UK services PMI by most since April 2024
The UK services PMI climbed to 54.2 in August—the highest since April 2024—driven by strong new orders, although employment fell again.
Insight
The rebound in new orders points to renewed business momentum, but continued job losses highlight uneven recovery in services.
Swedish services PMI rises to 53.4 points in August, compilers Silf and Swedbank say
Sweden’s services PMI improved to 53.4 in August, up from 49.0 in July, signaling a return to sector growth despite fragile economic conditions.
Insight
The rebound suggests a tentative recovery in services, supported by easing interest rates, though broader demand remains fragile.
Turkey Inflation Inches Down as Central Bank Mulls Next Steps
Turkey’s central bank cut its benchmark rate to 43% from 46%, supporting the easing of inflation which moderated slightly.
Insight
The rate cut demonstrates tightening inflation pressures, enabling the central bank to cautiously restart its easing cycle.
