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Consolidated financial statement of the Eurosystem as at 13 September 2019

In the week ending 13 September 2019 gold and gold receivables (asset item 1) increased by EUR 5 million owing to transactions in gold by two Eurosystem central banks. The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) increased by EUR 0.3 billion to EUR 288 billion. As a result of the Eurosystem’s open market operations and standing […]

Gap between real-world and type-approval emissions undermines incentives for cleaner cars

Incentives to promote fuel-efficient cars have not always resulted in expected emission reductions, due to the growing gap between real-world and type approval emissions. However, according to a new European Environment Agency (EEA) briefing, incentives that boost the uptake of electric vehicles considerably reduce greenhouse gas and air pollutant emissions.

EMA advises companies on steps to take to avoid nitrosamines in human medicines

EMA’s human medicines committee (CHMP) is requesting as a matter of precaution that marketing authorisation holders for human medicines containing chemically synthesised active substances review their medicines for the possible presence of nitrosamines and test all products at risk. If nitrosamines are detected in any of their medicines, marketing authorisation holders must inform authorities promptly so that appropriate […]

ECB provides additional details on purchases of assets with yields below the deposit facility rate

ECB extends possibility of buying assets with yields below deposit facility rate to all private sector purchase programmes Decision takes immediate effect Extension facilitates smooth implementation of asset purchase programme The Governing Council of the European Central Bank (ECB) today decided to extend the possibility of buying assets with yields below the interest rate on […]

ECB introduces two-tier system for remunerating excess liquidity holdings

Two-tier system aims to support bank-based transmission of monetary policy Part of excess liquidity holdings exempt from negative deposit facility rate Scheme to apply as of seventh maintenance period starting on 30 October 2019 Exempt tier will be remunerated at the annual rate of 0% The Governing Council of the European Central Bank (ECB) today […]