ECB-Meeting of 16-17 October 2024

November 14, 2024-- Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Ljubljana on Wednesday and Thursday, 16-17 October 2024
1. Review of financial, economic and monetary developments and policy options Financial market developments
Ms Schnabel noted that since the Governing Council's previous monetary policy meeting on 11-12 September 2024, policy rate expectations had shifted back and forth. Incoming data had made it challenging for market participants to price in the speed and extent of both disinflation and the monetary policy easing cycle.

The key drivers of financial market developments since the September meeting had been a sluggish euro area economy, a robust US economy and rising and volatile commodity prices.

NFCs' debt-to-GDP ratio (consolidated measure) decreased to 69.3% in second quarter of 2024 from 71.8% one year earlier

The combination of weaker euro area macroeconomic data and higher commodity prices had affected the market's view of the inflation outlook and the perceived balance of risks to inflation. Inflation fixings (swap contracts linked to monthly releases of the Harmonised Index of Consumer Prices excluding tobacco) had recently shifted upwards significantly, reversing part of the decline seen following the Governing Council's July meeting, when energy prices had dropped notably.

Columbia Threadneedle Investments expanding US active ETF range to Europe

May 19, 2025--A 'natural expansion' for the firm
Columbia Threadneedle Investments is set to expand its active ETF offering to the European market as it looks to branch out from its existing US range.