Monetary policy

Impact of geopolitical surprises on euro area inflation varies case by case

Geopolitics can bring about volatility in inflation and in the rest of the economy. However, geopolitical surprises and their consequences are not particularly well understood yet in economics. The impact of such surprises on euro area inflation nevertheless varies case by case.

Will the euro area’s robust employment growth continue?

Impact of ECB’s policy rate changes on corporate loan rates varies strongly across countries

Recent insights into r*: An analysis using a modified Holston-Laubach-Williams model

Inflation down but euro area’s manufacturing still struggling with high energy costs

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Rates intact for now – monetary policy still supports disinflation

What factors have influenced the dynamics of euro area prices and wages?

Fiscal policy and debt sustainability in the euro area since the COVID-19 pandemic and energy crisis

Will euro area inflation subside without a recession and excessive tightening of financing conditions?

Monetary policy measures have strengthened the anchoring of inflation expectations

ECB’s rapidly tightened monetary policy is being transmitted forcefully to the economy

Monetary policy tightening by the European Central Bank will bring inflation down to the target level

Back to the old normal? Monetary policy implementation in a landscape of rising interest rates and a shrinking Eurosystem balance sheet

How will the European Central Bank control interest rates in the future?

European Central Bank to review how it controls interest rates

Bank lending conditions provide early barometer of cyclical shifts in Finnish economy

Energy will dominate euro area’s economic outlook for a long time yet

What is monetary policy normalisation?

Editorial: Monetary policy tightening to bring inflation down to target – Managing energy crisis takes key role

Energy crisis pushing up general price level – Adverse impact on economic growth still to come