It is beyond the scope of these opening remarks to review last week’s monetary policy meetings. However, a set of background slides are available on the ECB’s website. For instance, see Ferrando, A. and Forti Grazzini, C. (2023), “Monetary policy shocks …
by Regina Kiss and Georg Strasser[1] Households differ considerably in terms of the inflation they experience at any point in time. The main reasons for this are that prices (and thus price changes) differ from place to place and that households do not all …
In the ECB’s Survey of Professional Forecasters (SPF) for the third quarter of 2024, expectations for headline HICP inflation were largely unchanged from the previous survey (conducted in the second quarter of 2024).[1] Headline inflation was expected to …
19 July 2024 Current account recorded €37 billion surplus in May 2024, unchanged from the previous month Current account surplus amounted to €349 billion (2.4% of euro area GDP) in the 12 months to May 2024, after a balanced account one year earlier In …
19 July 2024 Inflation expectations unchanged for 2024 and 2025, at 2.4% and 2.0% respectively, and revised marginally downwards for 2026 to 1.9%; longer-term inflation expectations (for 2029) stand at 2.0% Real GDP growth expectations broadly unchanged …
19 July 2024 ECB publishes indicative calendars for Eurosystem’s regular tender operations and reserve maintenance periods for 2025 The European Central Bank (ECB) today published the indicative calendars for the Eurosystem’s regular tender operations and …
In the July 2024 bank lending survey (BLS), euro area banks reported a very small further tightening of their credit standards for loans or credit lines to enterprises in the second quarter of 2024 (net percentage of banks of 3%; see Overview table).[1] …
16 July 2024 Credit standards were broadly unchanged at tight levels in the second quarter of 2024 Loan demand continued to decline for firms, while recording the first increase for households since 2022 Credit standards for firms displayed some …
This report presents the main results of the 31st round of the Survey on the Access to Finance of Enterprises (SAFE) in the euro area, which was conducted between 28 May and 20 June 2024. In this survey round, firms were asked about economic and financing …
15 July 2024 Euro area enterprises signalled more positive developments as regards the supply of bank loans, reflected in a slight increase in bank loan availability, fewer obstacles to obtaining loans, as well as an improvement in banks’ willingness to …
10 July 2024 Credit terms and conditions eased somewhat over the period from March to May 2024 The maximum amount of funding, maximum maturity of funding and demand for funding increased across many types of collateral Improved liquidity and trading …
10 July 2024 By Jakob Feveile Adolfsen, Danielle Kedan and Marie-Sophie Lappe The green transition will significantly increase demand for key minerals over the coming decades. The impact on energy prices will ultimately depend on how supply adjusts. The …
Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 5-6 June 2024 4 July 2024 1. Review of financial, economic and monetary developments and policy options …
Keynote speech by Piero Cipollone, Member of the Executive Board of the European Central Bank, at the National Conference of Statistics on official statistics at the time of artificial intelligence Rome, 4 July 2024 It is a pleasure to be here today to …
04 July 2024 Current account surplus at €307 billion (2.1% of euro area GDP) in four quarters to first quarter of 2024, after €33 billion deficit (0.2% of GDP) a year earlier. Goods trade showed deficit in energy products of €299 billion in four quarters …
4 July 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 …
4 July 2024 Households' financial investment increased at unchanged annual rate of 2.0% in first quarter of 2024 Non-financial corporations' financing grew at broadly unchanged annual rate of 0.7% Non-financial corporations' gross operating …
4 July 2024 By Ursel Baumann, Annalisa Ferrando, Dimitris Georgarakos, Yuriy Gorodnichenko, Judit Rariga and Timo Reinelt Firms’ inflation expectations are key for monetary policy makers. The ECB Blog presents new survey data on these expectations, …
Introductory speech by Christine Lagarde, President of the ECB, at the opening reception of the ECB Forum on Central Banking in Sintra, Portugal Sintra, 1 July 2024 First of all, I would like to welcome you all to this year’s ECB Forum. The theme of the …
28 June 2024 Compared with April 2024: median consumer inflation perceptions over the previous 12 months and inflation expectations for the next 12 months and for three years ahead all edged down further; expectations for nominal income and spending growth …
