12
KOF Monetary Policy Communicator for the Euro Area, December 2024
The KOF MPC figure for 12 December 2024 is 0.14. At today’s meeting, the ECB’s Governing Council decided to lower the three key ECB interest rates.
KOF Globalisation Index: globalisation is approaching its pre-pandemic level
Global interdependencies are gradually recovering, as the KOF Globalisation Index for 2022 shows. Globalisation is returning to its pre-COVID-19 pandemic level. Economic globalisation in particular has provided a boost here, while social and political globalisation continue to suffer from the after-effects of the pandemic. The most globalised country is the Netherlands, followed by Switzerland and Belgium.
Global Barometers confirm the values of the previous month, which had developed positively
The Global Barometers remain relatively stable in December, after the noticeably increases recorded in the previous month. The Coincident Barometer slips slightly in relation to November, but ends the quarter at a more favourable level than the previous quarter, signalling overall an acceleration in global economic growth. The Leading Barometer, in turn, increases this month and suggests an increase in confidence among companies and consumers in relation to the end of the previous quarter.