5 June 2024 Sharon Donnery, Pedro Machado, and Patrick Montagner to be new ECB representatives on Supervisory Board They will succeed current ECB representatives Edouard Fernandez-Bollo, Kerstin af Jochnick and Elizabeth McCaul The Governing Council of the …
5 June 2024 Bank interest rates for corporations Chart 1 Bank interest rates on new loans to, and deposits from, euro area corporations (percentages per annum) Data for cost of borrowing and deposit interest rates for corporations (Chart 1)The composite …
29 May 2024 Components of the broad monetary aggregate M3 The annual growth rate of the broad monetary aggregate M3 increased to 1.3% in April 2024 from 0.9% in March, averaging 0.8% in the three months up to April. The components of M3 showed the …
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the 2024 BOJ-IMES Conference on “Price Dynamics and Monetary Policy Challenges: Lessons Learned and Going Forward” Tokyo, 28 May 2024 Since the global financial crisis in 2008, many …
Speech by Philip R. Lane, Member of the Executive Board of the ECB, at the Institute of International and European Affairs, Dublin Dublin, 27 May 2024 Introduction The aim of this speech is to examine inflation in the euro area. In the next section, I …
27 May 2024 Let’s start with the latest euro area wage data, which showed collective wage growth accelerating in the first quarter. Is this a worry? At the ECB we have developed a forward-looking wage tracker, which has anticipated the first-quarter number …
Speech by Piero Cipollone, Member of the Executive Board of the ECB, at the Festival dell’ Economia di Trento Trento, 26 May 2024 It is a great pleasure to be here. As we meet today, we find ourselves at a critical juncture. Faced with the severe negative …
22 May 2024 By Christophe Kamps[1] Why do central banks mostly give their guidance for future monetary policy in qualitative terms rather than providing a numerical formula? The ECB Blog takes a look through the lens of the “ABCs” of the ECB’s qualitative …
21 May 2024 Current account recorded €36 billion surplus in March 2024, up from €29 billion in previous month Current account surplus amounted to €310 billion (2.1% of euro area GDP) in the 12 months to March 2024, after a €76 billion deficit (0.6% of euro …
We would like to hear from readers of the Financial Stability Review. Your feedback will help shape the future of the publication. Financial stability conditions have improved since the last edition of the Financial Stability Review was published. The near …
Prepared by Katharina Cera, Pierce Daly, Lieven Hermans, Philippe Molitor, Oscar Schwartz Blicke, Andrzej Sowiński and Elisa Telesca Published as part of the Financial Stability Review, May 2024. Euro area private markets have grown significantly in recent …
Prepared by Georg Leitner, Jaspal Singh, Anton van der Kraaij and Balázs Zsámboki[1] The emergence of generative artificial intelligence (AI) tools represents a significant technological leap forward, with the potential to have a substantial impact on the …
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Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 10-11 April 2024 10 May 2024 1. Review of financial, economic and monetary developments and policy options …
6 May 2024 By Óscar Arce and David Sondermann Surprisingly strong employment growth in an environment of weak economic activity has recently led to declining labour productivity in the euro area. The ECB Blog discusses causes and prospects for a cyclical …
3 May 2024 Bank interest rates for corporations Chart 1 Bank interest rates on new loans to, and deposits from, euro area corporations (percentages per annum) Data for cost of borrowing and deposit interest rates for corporations (Chart 1)The composite …
Guest lecture by Philip R. Lane, Member of the Executive Board of the ECB, at Stanford Graduate School of Business Stanford, 2 May 2024 Introduction My aim today is to review the ECB’s monetary policy tightening cycle.[1] The tightening began in December …
26 April 2024 As of April 2024, ECB quarterly financial accounts provide new details on household holdings of investment fund shares/units broken down by underlying asset and counterpart sector. Notably, household exposure to rest of world assets is …
26 April 2024 Compared with February 2024: median consumer inflation perceptions over the previous 12 months and inflation expectations for the next 12 months decreased, while inflation expectations three years ahead remained unchanged; expectations for …
Prepared by Othman Bouabdallah, Cristina Checherita-Westphal, Sebastian Hauptmeier and Philip Muggenthaler Published as part of the ECB Economic Bulletin, Issue 3/2024. This box presents a preliminary assessment of the potential macroeconomic implications …
