It's a big week ahead as the U.S. Federal Reserve, European Central Bank and Bank of Canada hold their first meetings of 2025. Into the mix go earnings from heavyweights including Apple and Tesla, and likely market spikes from comments by new U.

Euro zone banks need a digital euro to respond to U.S. President Donald Trump's push to promote stablecoins, a type of cryptocurrency typically pegged to the U.S. dollar, European Central Bank board member Piero Cipollone said on Friday.

The European Central Bank should adjust monetary policy to a level that neither stimulates nor constricts the economy, according to Governing Council member Jose Luis Escriva.

Market expectations for European Central Bank interest rate cuts are reasonable and risks around the inflation outlook are broadly balanced, Croatian central bank chief Boris Vujcic said on Monday.

With the next two ECB cuts seen as done deals, consensus PMIs won’t move the needle Data has a chance to make a return as a driver of markets today with the eurozone flash PMIs offering a fresh take on economic sentiment amid the politically changing winds.

Speaking to leaders at the World Economic Forum in Davos, Lagarde had to go onto the defensive in the face of criticism from a leading US financier.

The new Trump administration's policies may affect inflation in the United States but are unlikely to have much impact on price pressures in Europe, ECB policymaker Francois Villeroy de Galhau said on Wednesday.

Eurozone inflation fell to 2.4% in December 2024, but ECB chief economist Philip Lane cautions that services inflation and uneven growth persist. A "middle path" on interest rates and structural reforms is crucial for stability.

Deleveraging explains some of the rise in savings rates. Household debt-to-income ratios have sharply fallen back to levels last seen in 2005. The ECB also thinks the rise in the savings rate is due to richer households rebuilding their net wealth in the wake of inflationary erosion.

The balance of macroeconomic risks has shifted from concerns about high inflation to concerns about low growth,” said vice-president Luis de Guindos in a mid-January speech. December’s change in stance has not,

The European Central Bank cut interest rates by 25 basis points to 3% at its December meeting, aiming to support a weakening eurozone economy. However, minutes from the meeting reveal a sharp divide among policymakers on how aggressive the central bank should be in its approach.

The European Central Bank is on track to lower inflation and cut interest rates but needs to have a deep think about how much further and how quickly policy should be eased, ECB board member Isabel Schnabel said over the weekend.