Eurozone News
LAST UPDATE: September 29, 2025
ECB Is ‘Near the Bottom’ of Rate-Cutting Cycle, Makhlouf Says
ECB Governing Council member Gabriel Makhlouf said that, “relatively speaking,” the rate-cutting cycle is near its bottom, although he cautioned there is no predetermined path. (ブルームバーグ)
Insight
This suggests that the ECB may be close to pausing further loosening and could pivot depending on inflation and growth data.
Germany provides nearly $14 billion for climate financing in 2024
Germany has earmarked €11.8 billion (~US$13.81 billion) for international climate finance in 2024, with about €6.1 billion coming directly from its budget. (Reuters)
Insight
The funding underscores Germany’s commitment to climate goals and puts pressure on other advanced economies to match scale.
Ireland must adopt and stick to fiscal rule, central bank chief warns
Governor Gabriel Makhlouf warned that Ireland’s government should reintroduce a binding fiscal rule and resist breaching spending caps, lest the economy overheat. (Financial Times)
Insight
With strong tax revenue but constraints on public infrastructure, fiscal discipline is key to preventing inflation and maintaining credibility.
