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European Central Bank Annual Report 2024

11. 02. 2025 - The European Parliament calls on the European Central Bank to analyse how global conflicts affect price stability in the euro area. MEPs said geopolitical tensions, supply chain disruptions and energy uncertainty could have a significant impact on inflation and economic developments.
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The European Parliament asks the European Central Bank (ECB) to assess the impact of international crises and conflicts on price stability in the euro area. MEPs said geopolitical shocks, including the war in Ukraine and tensions in the Middle East, could further increase inflation and threaten economic stability.

They place particular emphasis on disruptions to global supply chains, rising energy and commodity prices, which directly affect the EU economy. MEPs therefore call for the ECB to assess in its analysis what tools the EU can use to minimise these risks.

The European Parliament stresses that price stability is key to sustainable economic growth and protecting the living standards of EU citizens. It expects the ECB to provide clear recommendations on how to mitigate the impact of global crises on inflation and the euro area economy.