ECB - European Central Bank

Letter from the ECB President to Mr Stefano Cavedagna, MEP, on monetary policy

about 12 hours ago

Why are euro area households still gloomy and what are the implications for private consumption?

2 days ago

Consumer confidence in the euro area plummeted when Russia launched its full-scale...

Liquidity conditions and monetary policy operations from 17 April to 23 July 2024

2 days ago

This box describes liquidity conditions and the Eurosystem monetary policy operations during...

Money and credit dynamics in the euro area and a comparison with the United States

2 days ago

The increase in policy rates has translated into higher interest rates on...

Economic Bulletin Issue 6, 2024

2 days ago

Recent developments in wages and the role of wage drift

3 days ago

Wage indicators give policymakers a key perspective on the outlook for inflation...

Findings from a survey of leading firms on labour market trends and the adoption of generative AI

3 days ago

This box summarises the findings from an ECB survey in which leading...

Accounting for nature in euro area economic activity

4 days ago

The role of nature in economic activity is insufficiently incorporated in economic...

Economic and financial impacts of nature degradation and biodiversity loss

4 days ago

Nature is crucial to human wellbeing and provides essential ecosystem services that...

Asymmetries in the transmission of monetary policy shocks over the business cycle: a Bayesian Quantile Factor Augmented VAR

4 days ago

This paper introduces a Bayesian Quantile Factor Augmented VAR (BQFAVAR) to examine...

Past and future challenges for the external competitiveness of the euro area

5 days ago

Over the past few decades, the euro area has gradually lost market...

Labour productivity growth in the euro area and the United States: short and long-term developments

5 days ago

Labour productivity growth in the euro area remains significantly below its pre-pandemic...