Look for:

Our offer for

Research Detail

2022/07/11 / Ceska Sporitelna Research

EU News Monthly July 2022

On 1 July 2022, Czechia took over the presidency of the Council of the EU. During its presidency, the Czech Republic will focus on five closely linked priority areas: Managing the refugee crisis and Ukraine’s post-war recovery; Energy security; Strengthening Europe’s defence capabilities and cyberspace security; Strategic resilience of the European economy; Resilience of democratic institutions.

At the end of June, the head of the European Central Bank, Christine Lagarde, confirmed plans to increase interest rates in the eurozone by 25 basis points. She also said that the Bank is prepared to take even more radical steps if inflation cannot be brought under control.

The EU annual inflation was 8.8% in May 2022, up from 8.1% in April. A year earlier, the rate was 2.3%. The lowest annual rates were registered in France and Malta (both 5.8%). The highest annual rates were recorded in Estonia (20.1%) and Lithuania (18.5%).

Representatives of the European Parliament and the Member States of the EU have approved a proposal for banning the sale of new passenger cars and light trucks with internal combustion engines from the year 2035. The Member States agreed, however, that in 2026 the European Commission will assess whether it is actually possible for the EU to achieve that goal.

PDF Download Download PDF (215kB)

General information

AuthorCeska Sporitelna Research
Product nameEU News Monthly
Topic in focusFX, Macro/ Fixed income
Economy in focusCzech Republic
Currency in focusCzech Koruna
Sector in focus-


We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. Please read more information here


Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer