MEPs will vote later today on a motion of censure against Commission President Ursula von der Leyen. The motion is extremely unlikely to pass, with the moderate political groups set to vote against, ensuring that the thresholds for the ouster of the president and her entire College of Commissioners will not be reached. Nevertheless, the motion being put forward and the associated debates have allowed for an expression of frustration and anger with VdL from political groups on the left towards what they view as a rightward shift of the Commission.
Chart 1. Von der Leyen's likely vote margin

Source: Politico. N.b. Vote needs a two-thirds majority to pass. Support of her European People's Party and the liberal Renew group is enough to prevent that from happening.
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Headline crossing from Bank of Finland Governor Rehn:
Nothing surprising from Rehn - he said as much last week. We consider Rehn to be a pragmatic, dovish-leaning member of the Governing Council, and generally a good barometer of the median view.
| Type | 3-month letras | 9-month letras |
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