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EU leaders agree on 90 billion euro loan to Ukraine after a plan to use Russian assets unravels
European Union leaders agreed on Friday to provide a massive interest-free loan to Ukraine to meet its military and economic needs for the next two years, but they failed to bridge differences with Belgium that would have allowed them to use frozen Russian assets to raise the funds. After almost four years of war, the International Monetary Fund estimates that Ukraine will need 137 billion euros ($161 billion) in 2026 and 2027. The government in Kyiv is on the verge of bankruptcy, and desperately needs the money by spring. The plan had been to use some of the 210 billion euros ($246 billion) worth of Russian assets ... (full story)
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In December 2025, DG ECFIN’s flash estimate1 of the consumer confidence indicator2 remained broadly stable in the EU (-0.1 percentage points) and edged down in the euro area (-0.4 percentage points). At -13.7 (EU) and -14.6 (euro area) points, consumer confidence remained well below its long-term average. This month's Flash CCI for the EU aggregate is ...
JAPAN FINMIN KATAYAMA: ALARMED OVER FX MOVES KATAYAMA: TO TAKE APPROPRIATE ACTION AGAINST EXCESSIVE FX MOVES KATAYAMA: BOJ, GOVT HAVE BEEN WORKING TOGETHER FOR PRICE TARGET KATAYAMA: BOJ'S DECISION TODAY WAS AIMED AT MEETING PRICE GOAL Japan's Fin. Min. Katayama: I expect the BoJ to conduct appropriate monetary policies to sustainably and stably hit its price target.
At the Monetary Policy Meeting held today, the Policy Board of the Bank of Japan decided, by a unanimous vote, to set the following guideline for money market operations for the intermeeting period: The Bank will encourage the uncollateralized overnight call rate to remain at around 0.75 percent. In accordance with the change in the guideline for money market operations, the Bank decided, by a unanimous vote, to change the interest rates applied to its measures. Interest rate applied to the complementary deposit facility The interest rate applied to the complementary deposit facility (the interest rate applied to current account balances held by financial institutions at the Bank, excluding required reserve balances) will be 0.75 percent. 
Decision at the December 2025 MPM It is highly likely that the mechanism in which both wages and prices rise moderately will be maintained. • The likelihood of realizing the baseline scenario that underlying CPI inflation will be at a level that is generally consistent with the price stability target of 2 percent in the second half of the projection period of the October 2025 Outlook Report has been rising. • While uncertainties remain, they have declined. • It is highly likely that firms will continue to raise wages steadily next year, following the solid wage increases this year. • The risk of firms' active wage-setting behavior being interrupted is low. BOJ: JAPAN'S REAL RATE IS AT SIGNIFICANTLY LOW LEVEL BOJ: TO RAISE RATES IN LINE WITH ECONOMIC, PRICE IMPROVEMENT BOJ: ACCOMMODATIVE CONDITIONS TO KEEP SUPPORTING ECONOMY
Decision at the December 2025 MPM It is highly likely that the mechanism in which both wages and prices rise moderately will be maintained. • The likelihood of realizing the baseline scenario that underlying CPI inflation will be at a level that is generally consistent with the price stability target of 2 percent in the second half of the projection period of the October 2025 Outlook Report has been rising. • While uncertainties remain, they have declined. • It is highly likely that firms will continue to raise wages steadily next year, following the solid wage increases this year. • The risk of firms' active wage-setting behavior being interrupted is low. BOJ: JAPAN'S REAL RATE IS AT SIGNIFICANTLY LOW LEVEL BOJ: TO RAISE RATES IN LINE WITH ECONOMIC, PRICE IMPROVEMENT BOJ: ACCOMMODATIVE CONDITIONS TO KEEP SUPPORTING ECONOMY
