European Central Bank
ECB
Paper
Monetary policy hits households via banks
An ECB Occasional Paper reviews how monetary policy transmits to euro area households, highlighting the central role of banks and non-bank intermediaries.
Focus
ECB
Paper
Non-banks amplify monetary policy transmission, paper finds
A new European Central Bank (ECB) Occasional Paper finds that non-bank financial intermediaries (NBFIs) tend to amplify monetary policy transmission in the euro area.
ECB
Paper
Network structure alters shock propagation, impacts monetary policy
A new ECB Occasional Paper synthesizes research on how production networks and firm heterogeneity influence monetary policy transmission.
Latest
ECB
Paper
Structural shifts reshape monetary policy transmission
An ECB Occasional Paper surveys research on how ongoing structural change is affecting monetary policy transmission in the euro area.
ECB
Speech
Lagarde defends rate hike, signals data-dependent policy path
ECB President Christine Lagarde defended the recent interest rate hike in a July 2 interview with Les Échos.
ECB
Speech
Cipollone sees digital euro and tokenisation reshaping payments
ECB Executive Board member Piero Cipollone outlined the central bank's comprehensive strategy for the digital transformation of money, payments, and finance.
More Topics
ECB
Speech
Elderson says green transition curbs inflation and climate risk
Frank Elderson, Member of the ECB's Executive Board, highlighted how the green transition is crucial for mitigating inflation volatility and economic uncertainty.
ECB
Decoder
Gulf supply disruptions threaten global growth and inflation
A new ECB blog post uses scenario-based analyses to show that supply shortages from Gulf trade disruptions can affect global growth and inflation beyond the direct impact on energy prices.
ECB
Speech
Lagarde sees policy return to basics, new global shocks
ECB President Christine Lagarde stated that monetary policy is returning to its fundamental principles, focusing on policy rates as the primary tool.
ECB
Speech
Schnabel: Energy shock fuels inflation, higher rates expected
Isabel Schnabel, Member of the Executive Board of the European Central Bank, warned that the recent energy shock is pushing euro area inflation higher.
ECB
Paper
MIP statistics quality assessed by ESS-ESCB, areas for improvement
The 12th joint annual quality report by the European Statistical System (ESS) and the European System of Central Banks (ESCB) concludes that macroeconomic statistics underlying the Macroeconomic Imbalance Procedure (MIP) are fit for purpose.
ECB
Press
Euro area inflation outlook improves for next 12 months
Euro area consumers expect inflation to decrease to 3.5 percent over the next 12 months, down from 4.0 percent in April.