Our monetary policy statement at a glance, 24 July 2025 [link to visual monetary policy statement] Christine Lagarde, Luis de Guindos: Monetary policy statement, 24 July 2025 www.ecb.europa.eu/press/press_conf…6e730494.en.html Monetary policy decisions, 24 July 2025 www.ecb.europa.eu/press/pr/date/20…bc70e13f.en.html Combined monetary policy decisions and statement, 24 July 2025 www.ecb.europa.eu/press/press_conf…04c7d1262686b588 European Central Bank www.ecb.europa.eu/home/html/index.en.html Published and recorded during our press conference on 24 July 2025

The SEC’s Small Business Advocacy Office hosted a discussion with market experts to explore whether there are changes that should be considered to encourage more companies, particularly smaller companies, to remain public. Learn more by checking out the SEC’s small business resources: https://www.sec.gov/resources-small-businesses *** About The Securities and Exchange Commission *** The mission of the Securities and Exchange Commission (SEC) is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. The SEC strives to promote a market environment that is worthy of the public's trust. Follow the SEC: Twitter: https://twitter.com/SECGov Facebook: https://www.facebook.com/SECGov LinkedIn: https://www.linkedin.com/company/us-securities-and-exchange-commission

The SEC’s Small Business Advocacy Office hosted a discussion with market experts to explore how the IPO process could be improved to encourage more companies, particularly smaller companies, to go public. Learn more by checking out the SEC’s small business resources: https://www.sec.gov/resources-small-businesses *** About The Securities and Exchange Commission *** The mission of the Securities and Exchange Commission (SEC) is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. The SEC strives to promote a market environment that is worthy of the public's trust. Follow the SEC: Twitter: https://twitter.com/SECGov Facebook: https://www.facebook.com/SECGov LinkedIn: https://www.linkedin.com/company/us-securities-and-exchange-commission

Chiudono contrastate le Borse europee una seduta volatile. Gli investitori sono frenati dall’immobilismo delle trattative sui dazi tra Washington e Unione europea, mentre si aspetta di capire se si arriverà a un accordo entro il primo agosto. Così Milano chiude in calo dello 0,36%, su livelli simili Parigi, mentre Francoforte termina sulla parità.

Pagare è un gesto quotidiano, ma cosa succede quando non c’è connessione? Se siete in un rifugio in montagna, nel bel mezzo dello shopping natalizio o in un mercato affollato, spesso la rete non regge. L’euro digitale avrebbe una caratteristica unica: è progettato per pagare anche offline, senza bisogno di internet o senza dover prima ritirare a un bancomat. Inoltre, i pagamenti offline con l’euro digitale garantirebbero una privacy simile a quella dei contanti tradizionali. Vediamo insieme come funzionerebbe! IN MONTAGNA Immaginate di aver concluso una lunga escursione e di trovarvi in un rifugio senza copertura di rete. Con l’euro digitale, potreste comunque pagare il vostro meritato pranzo, senza bisogno di contanti. DURANTE LO SHOPPING NATALIZIO Siete in un negozio il 24 dicembre, le linee sono intasate e i pagamenti non passano. Niente panico! Con l’euro digitale potreste concludere l’acquisto senza problemi, salvando il Natale all’ultimo minuto. NEI MERCATI E PICCOLI NEGOZI Anche per i commercianti, l’euro digitale potrebbe essere una garanzia: se la rete salta, i pagamenti continuano a funzionare, evitando code e disagi per i clienti. SCAMBIO DIRETTO TRA PERSONE E non solo nei negozi! Con un semplice 'tap' tra due dispositivi, potreste inviare denaro offline in modo immediato, sicuro e privato. L’euro digitale vuole diventare una soluzione di pagamento 'tutto in uno' che funziona sempre, anche senza internet e nel rispetto della privacy. Insomma, l'euro digitale ci offrirebbe un modo in più per pagare: semplice, sicuro, gratuito e universale! Il pagamento elettronico con la comodità del contante!

The European Central Bank focus session on “Advancing TARGET Services with DLT transactions in central bank money” concludes with closing remarks by Dimitri Pattyn, Deputy Director General at the ECB. Focus session programme: https://www.ecb.europa.eu/press/intro/events/html/fs_20250715.en.html Watch other sessions from the focus session: https://www.youtube.com/playlist?list=PLnVAEZuF9FZkqeofw9S4E9WResBao15VU

The ECB will provide insights on its work on the long-term integrated ecosystem using distributed ledger technology (DLT), the collaboration with public and private stakeholders, and the international dimension. Presenter: Holger Neuhaus, Head of Division, ECB This presentation is part of the European Central Bank’s focus session on “Advancing TARGET Services with DLT Transactions in Central Bank Money,” which took place on 15 July 2025. Focus session programme: https://www.ecb.europa.eu/press/intro/events/html/fs_20250715.en.html Watch other sessions from the focus session: https://www.youtube.com/playlist?list=PLnVAEZuF9FZkqeofw9S4E9WResBao15VU

Deep dive into one of the tracks – Pontes which will provide a short-term offering to the market – including a pilot phase. It will offer euro central bank money settlement, linking market distributed ledger technology (DLT) platforms and TARGET Services to settle financial transactions. Learn more about the project roadmap and how you can be involved. Presenter: George Kalogeropoulos, Deputy Head of Division, ECB This presentation is part of the European Central Bank’s focus session on “Advancing TARGET Services with DLT Transactions in Central Bank Money,” which took place on 15 July 2025. Focus session programme: https://www.ecb.europa.eu/press/intro/events/html/fs_20250715.en.html Watch other sessions from the focus session: https://www.youtube.com/playlist?list=PLnVAEZuF9FZkqeofw9S4E9WResBao15VU