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Publications on Inflation
- 2 February 2023
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 2 February 2023EnglishOTHER LANGUAGES (23) +Related
- 2 February 2023
- COMBINED MONETARY POLICY DECISIONS AND STATEMENT
- 2 February 2023
- MONETARY POLICY DECISIONEnglishOTHER LANGUAGES (23) +Related
- 2 February 2023
- COMBINED MONETARY POLICY DECISIONS AND STATEMENT
- 2 February 2023
- PRESS RELEASE
- 23 January 2023
- SPEECHSpeech by Christine Lagarde, President of the ECB, at the Deutsche Börse Annual Reception in Eschborn
- 17 January 2023
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Martin Wolf on 12 January 2023
- 10 January 2023
- ECONOMIC BULLETIN - BOXEconomic Bulletin Issue 8, 2022Details
- Abstract
- Headline inflation has increased sharply in the euro area and in the United States since the start of 2021. But there are major differences between inflation developments in these two economies. In particular, energy inflation has been much higher in the euro area – leading to higher headline inflation than in the United States in recent months. As the euro area is significantly more dependent on energy imports than the United States, the rise in energy prices constitutes a strong adverse terms-of-trade shock to euro area income. Amid the resulting relatively slower recovery from the pandemic in the euro area, the contribution of demand to core inflation has increased more gradually and later in the euro area than in the United States. In addition, the short-term outlook for economic growth is weaker in the euro area than in the United States and the US labour market is tighter, implying a relatively smaller impetus from economic activity and the labour market to inflation in the euro area. Looking ahead, professional forecasters expect inflation to be somewhat more persistent in the United States than in the euro area.
- JEL Code
- E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
E21 : Macroeconomics and Monetary Economics→Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy→Consumption, Saving, Wealth
F4 : International Economics→Macroeconomic Aspects of International Trade and Finance
N10 : Economic History→Macroeconomics and Monetary Economics, Industrial Structure, Growth, Fluctuations→General, International, or Comparative
J3 : Labor and Demographic Economics→Wages, Compensation, and Labor Costs
- 6 January 2023
- SPEECHPresentation by Philip R. Lane, Member of the Executive Board of the ECB, in panel discussion “Global Economic Outlook” organised by the National Association for Business Economics (NABE) at 2023 ASSA Annual Meeting, New Orleans
- 27 December 2022
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted on 16 December 2022
- 24 December 2022
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Gerald Braunberger and Christian Siedenbiedel on 16 December 2022
- 22 December 2022
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by Éric Albert on 15 December and published on 22 December
- 15 December 2022
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 15 December 2022EnglishOTHER LANGUAGES (23) +Related
- 15 December 2022
- COMBINED MONETARY POLICY DECISIONS AND STATEMENT
- 15 December 2022
- PODCAST
- 15 December 2022
- MONETARY POLICY DECISIONEnglishOTHER LANGUAGES (23) +Related
- 15 December 2022
- COMBINED MONETARY POLICY DECISIONS AND STATEMENT
- 19 January 2023
- MONETARY POLICY ACCOUNT
- 8 December 2022
- SPEECHWelcome remarks by Christine Lagarde, President of the ECB and Chair of the European Systemic Risk Board, at the sixth annual conference of the ESRB
- 6 December 2022
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Francesco Ninfole
- 29 November 2022
- SPEECHPresentation by Isabel Schnabel, Member of the Executive Board of the ECB, at the IG Metall Economic Talks
- 28 November 2022
- SPEECHSpeech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European ParliamentAnnexes
- 28 November 2022
- SPEECH
- 28 November 2022
- SPEECH
- 24 November 2022
- SPEECHKeynote speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Bank of England Watchers’ Conference
- 21 November 2022
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Luke Heighton on 16 November 2022
- 18 November 2022
- SPEECHSpeech by Christine Lagarde, President of the ECB, at the European Banking Congress
- 16 November 2022
- PRESS RELEASERelated
- 16 November 2022
- FINANCIAL STABILITY REVIEW
- 14 November 2022
- SPEECHSpeech by Luis de Guindos, Vice-President of the ECB, at the 25th Frankfurt Euro Finance Week
- 14 November 2022
- SPEECHKeynote speech by Fabio Panetta, Member of the Executive Board of the ECB, at the CEPR-EABCN conference on “Finding the Gap: Output Gap Measurement in the Euro Area” held at the European University InstituteAnnexes
- 14 November 2022
- SPEECH
- 11 November 2022
- SPEECHPresentation by Philip R. Lane, Member of the Executive Board of the ECB, at the 23rd Jacques Polak Annual Research Conference
- 10 November 2022
- SPEECHPresentation by Isabel Schnabel, Member of the Executive Board of the ECB, at Banka Slovenije
- 9 November 2022
- THE ECB BLOGWe need to intensify the greening of our economies despite the energy crisis. Hastening the process will reduce the costs of transition and help to ensure price stability in the long run. This is the third post in a series of climate-related entries on the occasion of COP27.Related
- 7 November 2022
- THE ECB BLOG
- 2 November 2022
- THE ECB BLOG
- 15 November 2022
- THE ECB BLOG
- 18 November 2022
- THE ECB BLOG
- 9 November 2022
- ECONOMIC BULLETIN - BOXEconomic Bulletin Issue 7, 2022Details
- Abstract
- The strong increase in euro area HICP inflation over the past 18 months has placed additional emphasis on monitoring and understanding the behaviour of consumers’ inflation expectations. Data from the ECB’s Consumer Expectations Survey show that, after HICP inflation rose above 2% in July 2021, consumers’ inflation perceptions and expectations started to move upwards too. However, this rise in shorter-term (one-year ahead) inflation expectations was much more pronounced than that of more medium-term (three-years ahead) expectations and the term structure of consumers’ inflation expectations remained strongly downward sloping. There is some evidence that the responsiveness of inflation expectations to inflation perceptions has increased recently, but it remains noticeably lower for medium-term inflation expectations. Consumers’ uncertainty surrounding their inflation expectations has also grown. Overall, the upward movement in expectations, the increase in uncertainty surrounding them and rising sensitivity of medium-term expectations to perceived current inflation all call for continued close monitoring and analysis.
- JEL Code
- E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
E52 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Monetary Policy
D84 : Microeconomics→Information, Knowledge, and Uncertainty→Expectations, Speculations
- 9 November 2022
- ECONOMIC BULLETIN - BOXEconomic Bulletin Issue 7, 2022Details
- Abstract
- This box examines the impact of the recent rise in inflation on low-income households in the euro area. Low-income households face significantly higher effective inflation rates than high-income households, due to a different composition of their consumption basket. Moreover, they are more liquidity-constrained and have less room to buffer sharp increases in their cost of living. Survey-based evidence shows that low-income households perceive the recent government measures aimed at easing the burden of higher energy prices as less adequate than high-income households do. This could suggest that there is potential for government support measures to be more targeted towards low-income households.
- JEL Code
- E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
E21 : Macroeconomics and Monetary Economics→Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy→Consumption, Saving, Wealth
- 8 November 2022
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by Johanna Treeck on 3 November 2022
- 7 November 2022
- THE ECB BLOGIf we do not account for the impact of climate change on our economy, we risk missing a crucial part in our work to keep prices stable, argues Christine Lagarde in the ECB Blog. This is the second entry in a series of climate related entries on the occasion of COP27.Related
- 2 November 2022
- THE ECB BLOG
- 9 November 2022
- THE ECB BLOG
- 15 November 2022
- THE ECB BLOG
- 18 November 2022
- THE ECB BLOG
- 4 November 2022
- SPEECHLecture by Christine Lagarde, President of the ECB, organised by Eesti Pank and dedicated to Professor Ragnar Nurkse
- 4 November 2022
- SPEECHSpeech by Luis de Guindos, Vice-President of the ECB, at Energy Prospectives event organised by IESE Business School and Naturgy Foundation
- 3 November 2022
- SPEECHKeynote speech by Fabio Panetta, Member of the Executive Board of the ECB, at the ECB Money Market Conference
- 1 November 2022
- INTERVIEWInterview with Christine Lagarde, President of the ECB, conducted by Žanete Hāka
- 27 October 2022
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 27 October 2022EnglishOTHER LANGUAGES (23) +Related
- 27 October 2022
- COMBINED MONETARY POLICY DECISIONS AND STATEMENT
- 27 October 2022
- PODCAST
- 27 October 2022
- MONETARY POLICY DECISIONEnglishOTHER LANGUAGES (23) +Related
- 27 October 2022
- COMBINED MONETARY POLICY DECISIONS AND STATEMENT
- 27 October 2022
- PRESS RELEASE
- 27 October 2022
- PRESS RELEASE
- 24 November 2022
- MONETARY POLICY ACCOUNT
- 14 October 2022
- SPEECHStatement by Christine Lagarde, President of the ECB, at the forty-sixth meeting of the International Monetary and Financial Committee
- 14 October 2022
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by Dalius Simenas on 10 October 2022
- 11 October 2022
- SPEECHSpeech by Philip R. Lane, Member of the Executive Board of the ECB, at the SUERF, CGEG|COLUMBIA|SIPA, EIB, SOCIÉTÉ GÉNÉRALE conference on “EU and US Perspectives: New Directions for Economic Policy”
- 7 October 2022
- ECONOMIC BULLETIN - BOXEconomic Bulletin Issue 7, 2022Details
- Abstract
- In this box we decompose components of HICP excluding energy and food inflation into those driven predominantly by demand and those driven predominantly by supply shocks. This approach to monitoring inflation was originally developed for the United States. When adapted to the euro area it reveals that both supply and demand factors have contributed strongly to the increase in HICPX inflation since the second half of 2021. Supply factors were dominant at the beginning of the upturn in inflation in the second half of 2021, but demand factors have gradually increased in importance and contributed to a similar extent as supply factors to HICPX inflation over recent months. In recent months, the main contribution to non-energy industrial goods (NEIG) inflation has come from components predominantly driven by supply shocks, whereas services inflation has stemmed more from components predominantly driven by demand.
- JEL Code
- E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
E32 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Business Fluctuations, Cycles
- 30 September 2022
- SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at a panel on the “Fight against inflation” at the IV Edition Foro La Toja
- 28 September 2022
- SPEECHKeynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the European Parliament conference on “Greening monetary policy in times of soaring inflation”
- 27 September 2022
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by András Szigetvari on 20 September 2022
- 26 September 2022
- SPEECHSpeech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European ParliamentAnnexes
- 26 September 2022
- SPEECH
- 22 September 2022
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Florian Schmidt on 15 September 2022
- 20 September 2022
- SPEECHKarl Otto Pöhl Lecture by Christine Lagarde, President of the ECB, organised by Frankfurter Gesellschaft für Handel, Industrie und Wissenschaft
- 16 September 2022
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by João Silvestre on 9 September
- 15 September 2022
- SPEECHSpeech by Luis de Guindos, Vice-President of the ECB, at the CIRSF (Research Centre on Regulation and Supervision of the Financial Sector) Annual International Conference 2022 “The future of the EU financial system in a new geo-economic context”
- 14 September 2022
- SPEECHOpening remarks by Philip R. Lane, Member of the Executive Board of the ECB, Meeting of the Money Market Contact Group
- 14 September 2022
- THE ECB BLOGWomen and men shop differently and have different perceptions of prices and inflation. This ECB Blog post examines how inflation expectations are formed and revised across gender and why that matters for central banks.Details
- JEL Code
- E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
J16 : Labor and Demographic Economics→Demographic Economics→Economics of Gender, Non-labor Discrimination
Related- 28 July 2022
- THE ECB BLOG
- 24 August 2022
- THE ECB BLOG
- 12 September 2022
- SPEECHWelcome address by Isabel Schnabel, Member of the Executive Board of the ECB, at the seventh ECB Annual Research Conference
- 8 September 2022
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 8 September 2022EnglishOTHER LANGUAGES (23) +Related
- 8 September 2022
- COMBINED MONETARY POLICY DECISIONS AND STATEMENT
- 8 September 2022
- PODCAST
- 8 September 2022
- MONETARY POLICY DECISIONEnglishOTHER LANGUAGES (23) +Related
- 8 September 2022
- COMBINED MONETARY POLICY DECISIONS AND STATEMENT
- 8 September 2022
- PRESS RELEASE
- 6 October 2022
- MONETARY POLICY ACCOUNT
- 29 August 2022
- SPEECHRemarks for high-level panel “High Inflation and Other Challenges for Monetary Policy” by Philip R. Lane, Member of the Executive Board of the ECB, Annual Meeting 2022 of the Central Bank Research Association (CEBRA), Barcelona
- 27 August 2022
- SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Jackson Hole Economic Policy Symposium organised by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming
- 25 August 2022
- INTERVIEWInterview with Christine Lagarde, President of the ECB, conducted by Morgane Miel on 13 July 2022 and published on 25 August 2022
- 24 August 2022
- THE ECB BLOGCommunication with the general public matters for monetary policy. Although it is hard for central banks to reach out to the wider public, a recent study shows that explaining the inflation target and the ECB strategy to consumers can enhance its credibility.Details
- JEL Code
- E52 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Monetary Policy
E58 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Central Banks and Their Policies
Related- 13 October 2022
- THE ECB BLOG
- 10 August 2022
- THE ECB BLOG
- 14 September 2022
- THE ECB BLOG
- 18 August 2022
- SPEECHPresentation by Isabel Schnabel, Member of the Executive Board of the ECB, at Hochschule der Deutschen Bundesbank
- 18 August 2022
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Balazs Koranyi and Frank Siebelt on 16 August 2022
- 10 August 2022
- THE ECB BLOGAs part of our monetary policy strategy review we adopted a new symmetric 2% inflation target. One year on, we examine how the strategy review has helped anchor financial analysts’ inflation expectations. We also show that recent policy normalisation is grounded in our strategy.Details
- JEL Code
- E52 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Monetary Policy
E58 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Central Banks and Their Policies
e31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
Related- 24 August 2022
- THE ECB BLOG
- 29 July 2022
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by Tõnis Oja on 25 July
- 21 July 2022
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 21 July 2022EnglishOTHER LANGUAGES (23) +Related
- 21 July 2022
- COMBINED MONETARY POLICY DECISIONS AND STATEMENT
- 21 July 2022
- PODCAST
- 8 July 2022
- THE ECB BLOGThe ECB is reducing the carbon footprint in its portfolio and pushing banks to better manage climate risks. Within our mandate, we incorporate climate change considerations into our monetary policy and banking supervision, say Frank Elderson and Isabel Schnabel.EnglishOTHER LANGUAGES (16) +
- 4 July 2022
- SPEECHRemarks by Luis de Guindos, Vice-President of the ECB, at the Frankfurt Euro Finance Summit
- 2 July 2022
- SPEECHPresentation by Isabel Schnabel, Member of the Executive Board of the ECB, at Petersberger Sommerdialog
- 28 June 2022
- SPEECHSpeech by Christine Lagarde, President of the ECB, at the ECB Forum on Central Banking 2022 on “Challenges for monetary policy in a rapidly changing world” in Sintra, Portugal
- 20 June 2022
- SPEECHPresentation by Philip R. Lane, Member of the Executive Board of the ECB, at the Society of Professional Economists Annual Dinner
- 20 June 2022
- SPEECHSpeech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European ParliamentAnnexes
- 20 June 2022
- SPEECH
- 20 June 2022
- SPEECH
- 16 June 2022
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Dein Spiegel on 19 May 2022
- 16 June 2022
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by Maria Vasileiou
- 14 June 2022
- SPEECHCommencement speech by Isabel Schnabel, Member of the Executive Board of the ECB, to the graduates of the Master Program in Money, Banking, Finance and Insurance of the Panthéon-Sorbonne University
- 30 May 2022
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Nuño Rodrigo and Laura Salces on 25 May 2022
- 25 May 2022
- PRESS RELEASERelated
- 25 May 2022
- FINANCIAL STABILITY REVIEW
- 25 May 2022
- SPEECHSpeech by Fabio Panetta, Member of the Executive Board of the ECB, at a policy lecture hosted by the SAFE Policy Center at Goethe University and the Centre for Economic Policy Research (CEPR)
- 23 May 2022
- THE ECB BLOGAs the expected date of interest rate lift-off draws closer, it gets more important to clarify the path of policy normalisation ahead of us – especially given the complex environment that monetary policy in the euro area is facing, says President Christine Lagarde in The ECB Blog.
- 19 May 2022
- SPEECHSpeech by Luis de Guindos, Vice-President of the ECB, at the 20th annual symposium on “Building the financial system of the 21st century: an agenda for Europe and the United States” organised by the Program on International Financial Systems and Harvard Law School (by videoconference)
- 11 May 2022
- SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at a conference organised by the Österreichische Vereinigung für Finanzanalyse und Asset Management
- 11 May 2022
- SPEECHSpeech by Christine Lagarde, President of the ECB, at the international conference to mark the 30th anniversary of Banka Slovenije
- 7 May 2022
- INTERVIEWInterview with Christine Lagarde, President of the ECB, conducted by Miha Jenko and published on 7 May 2022
- 5 May 2022
- SPEECHSpeech by Philip R. Lane, Member of the Executive Board of the ECB, at Bruegel
- 5 May 2022
- INTERVIEWInterview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Marco Zatterin
- 3 May 2022
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Jan Mallien and Frank Wiebe on 29 April 2022
- 1 May 2022
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by Adolfo Lorente and Manu Álvarez on 26 April
- 28 April 2022
- SPEECHIntroductory remarks by Luis de Guindos, Vice-President of the ECB, at the ECON Committee of the European ParliamentRelated
- 28 April 2022
- ANNUAL REPORTEnglishOTHER LANGUAGES (22) +
- 27 April 2022
- SPEECHKeynote speech by Philip R. Lane, Member of the Executive Board of the ECB, International Association for Official Statistics (IAOS) Conference, Kraków
- 21 April 2022
- SPEECHStatement by Christine Lagarde, President of the ECB, at the forty-fifth meeting of the International Monetary and Financial Committee
- 21 April 2022
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by Jana Randow and Alessandra Migliaccio on 20 April 2022
- 14 April 2022
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 14 April 2022EnglishOTHER LANGUAGES (23) +Related
- 14 April 2022
- COMBINED MONETARY POLICY DECISIONS AND STATEMENT
- 14 April 2022
- PODCAST
- 5 April 2022
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Nikos Rogakos
- 2 April 2022
- SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at a workshop organised by the European House – Ambrosetti on “The Agenda for Europe: Macroeconomic and Structural Policy Challenges”
- 1 April 2022
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Annette Weisbach
- 31 March 2022
- SPEECHSpeech by Philip R. Lane, Member of the Executive Board of the ECB, at the International Macroeconomics Chair Banque de France – Paris School of Economics
- 30 March 2022
- SPEECHSpeech by President Christine Lagarde at an event organised by the Central Bank of Cyprus
- 20 March 2022
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by Frank Wiebe and Jan Mallien on 14 March
- 17 March 2022
- SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at a panel on “Monetary Policy and Climate Change” at The ECB and its Watchers XXII Conference
- 17 March 2022
- SPEECHSpeech by Christine Lagarde, President of the ECB, at “The ECB and Its Watchers XXII” conference
- 15 March 2022
- SPEECHby Christine Lagarde, President of the ECB, at the “Wirtschaftsgipfel” of Welt/Axel Springer in Berlin
- 10 March 2022
- MACROECONOMIC PROJECTIONS FOR THE EURO AREAEnglishOTHER LANGUAGES (21) +Annexes
- 10 March 2022
- MACROECONOMIC PROJECTIONS FOR THE EURO AREA
- 10 March 2022
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 10 March 2022EnglishOTHER LANGUAGES (23) +Related
- 10 March 2022
- COMBINED MONETARY POLICY DECISIONS AND STATEMENT
- 10 March 2022
- PODCAST
- 2 March 2022
- SPEECHSpeech by Philip R. Lane, Member of the Executive Board of the ECB, at the Hertie School, Berlin
- 28 February 2022
- SPEECHSpeech by Fabio Panetta, Member of the Executive Board of the ECB, at an online seminar organised by the Robert Schuman Centre for Advanced Studies and Florence School of Banking and Finance at the European University Institute
- 24 February 2022
- SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at a virtual policy panel on “Unwinding QE” at the first annual Bank of England Agenda for Research (BEAR) conference
- 23 February 2022
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Gerald Braunberger and Christian Siedenbiedel on 21 February
- 17 February 2022
- SPEECHOpening remarks by Philip R. Lane, Member of the Executive Board of the ECB, at MNI Market News Webcast
- 15 February 2022
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Martin Arnold on 14 February and published on 15 February
- 14 February 2022
- SPEECHIntroductory statement by Christine Lagarde, President of the ECB, at the plenary session of the European Parliament
- 11 February 2022
- INTERVIEWInterview with Christine Lagarde, President of the European Central Bank, conducted by Andreas Niesmann and Tim Szent-Ivany
- 10 February 2022
- THE ECB BLOGLooking at inflation dynamics, the relative price dislocations associated with bottlenecks are intrinsically short-term, Chief Economist Philip R. Lane writes in The ECB Blog. An increase in the relative price for a scarce item will stimulate new supply, while cooling demand.
- 9 February 2022
- INTERVIEWInterview on Twitter with Isabel Schnabel, Member of the Executive Board of the ECB, conducted and published on 9 February 2022
- 7 February 2022
- SPEECHIntroductory statement by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament (by videoconference)Annexes
- 7 February 2022
- SPEECH
- 7 February 2022
- ANNEX
- 3 February 2022
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECBEnglishOTHER LANGUAGES (23) +Related
- 3 February 2022
- COMBINED MONETARY POLICY DECISIONS AND STATEMENT
- 3 February 2022
- PODCAST
- 25 January 2022
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Emilis Linge and Dalius Simenas
- 14 January 2022
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Markus Zydra, Bastian Brinkmann and Meike Schreiber on 10 January 2022
- 14 January 2022
- SPEECHIntroductory statement by Christine Lagarde, President of the ECB, at the meeting of the Conference of Parliamentary Committees for Union Affairs of the Parliaments of the European Union (COSAC)
- 11 January 2022
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Isabella Bufacchi
- 8 January 2022
- SPEECHRemarks by Isabel Schnabel, Member of the Executive Board of the ECB, at a panel on “Climate and the Financial System” at the American Finance Association 2022 Virtual Annual Meeting
- 7 January 2022
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Robert Shortt on 7 January and published on 7 January 2022
- 22 December 2021
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Eric Albert on 16 December and published on 22 December
- 16 December 2021
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 16 December 2021EnglishOTHER LANGUAGES (22) +Related
- 16 December 2021
- COMBINED MONETARY POLICY DECISIONS AND STATEMENT
- 16 December 2021
- PODCAST
- 30 November 2021
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by Guillaume Benoit, Édouard Lederer and Thibaut Madelin on 24 November and published on 30 November
- 29 November 2021
- SPEECHLectio Magistralis by Christine Lagarde, President of the ECB, at the Accademia Nazionale dei Lincei
- 29 November 2021
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Mitri Sirin on 29 November 2021
- 26 November 2021
- INTERVIEWInterview with Christine Lagarde, President of the ECB, conducted by Gerald Braunberger, Dennis Kremer and Christian Siedenbiedel on 23 November and published on 26 November 2021
- 24 November 2021
- SPEECHPresentation by Isabel Schnabel, Member of the Executive Board of the ECB, at a Youth Dialogue hosted by the University of Sofia
- 24 November 2021
- SPEECHSpeech by Fabio Panetta, Member of the Executive Board of the ECB, at Sciences Po
- 23 November 2021
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Carolynn Look and Alexander Weber on 22 and published on 23 November 2021
- 19 November 2021
- SPEECHKeynote speech by Christine Lagarde, President of the ECB, at the 31st Frankfurt European Banking Congress 2021 “From Recovery to Strength”
- 17 November 2021
- SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at a virtual event organised by Goldman Sachs
- 15 November 2021
- SPEECHIntroductory statement by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament (by videoconference)Annexes
- 15 November 2021
- SPEECH
- 15 November 2021
- SPEECH
- 11 November 2021
- SPEECHIntroductory remarks by Philip R. Lane, Member of the Executive Board of the ECB, at the Second joint European Central Bank – Federal Reserve Bank of New York conference
- 8 November 2021
- SPEECHWelcome address by Philip R. Lane, Member of the Executive Board of the ECB, at the ECB Conference on Money Markets
- 8 November 2021
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Lluís Pellícer on 3 November 2021
- 29 October 2021
- PRESS RELEASERelated
- 29 October 2021
- SURVEY OF PROFESSIONAL FORECASTERS
- 28 October 2021
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 28 October 2021EnglishOTHER LANGUAGES (22) +
- 16 October 2021
- SPEECH2021 Per Jacobsson Lecture by Christine Lagarde, President of the ECB, at the IMF Annual Meetings
- 14 October 2021
- SPEECHStatement by Christine Lagarde, President of the ECB, at the forty-fourth meeting of the International Monetary and Financial Committee
- 11 October 2021
- SPEECHWelcome address by Philip R. Lane, Member of the Executive Board of the ECB, at the ECB Conference on Monetary Policy: bridging science and practice
- 7 October 2021
- SPEECHWelcome address by Isabel Schnabel, Member of the Executive Board of the ECB, at the ECB and Federal Reserve Bank of Cleveland’s “Inflation: Drivers and Dynamics Conference 2021”
- 1 October 2021
- SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Federal Reserve Bank of New York conference on “Implications of Federal Reserve Actions in Response to the COVID-19 Pandemic”
- 28 September 2021
- SPEECHSpeech by Christine Lagarde, President of the ECB, at ECB Forum on Central Banking "Beyond the pandemic: the future of monetary policy"
- 27 September 2021
- SPEECHIntroductory statement by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament (by videoconference)Annexes
- 27 September 2021
- ANNEX
- 24 September 2021
- INTERVIEWInterview with Christine Lagarde, President of the ECB, conducted by Annette Weisbach, CNBC, on 23 September
- 16 September 2021
- INTERVIEWInterview with Christine Lagarde, President of the ECB, conducted by David Rubenstein, Bloomberg, on 13 September
- 14 September 2021
- THE ECB BLOGWhile rising inflation understandably worries people, current inflation rates should be interpreted with caution, writes Executive Board member Isabel Schnabel.
- 13 September 2021
- SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, 148th Baden-Baden Entrepreneurs’ Talk
- 1 September 2021
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by Miquel Roig and Jorge Zuloaga on 26 August and published on 1 September 2021
- 25 August 2021
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Balazs Koranyi and Frank Siebelt
- 21 August 2021
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Carla Neuhaus on 17 August and published on 20 August 2021
- 29 July 2021
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by Frank Wiebe and Jan Mallien
- 29 July 2021
- INTERVIEWInterview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Federico Fubini
- 23 July 2021
- PRESS RELEASERelated
- 23 July 2021
- SURVEY OF PROFESSIONAL FORECASTERS
- 22 July 2021
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 22 July 2021EnglishOTHER LANGUAGES (22) +
- 14 July 2021
- SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at the virtual Financial Statements series hosted by the Peterson Institute for International Economics
- 13 July 2021
- INTERVIEWInterview with Christine Lagarde, President of the ECB, conducted by Martin Arnold on 11 July 2021
- 10 July 2021
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Patrick Bernau and Dennis Kremer on 8 July and published on 10 July 2021
- 3 July 2021
- SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Petersberger Sommerdialog
- 2 July 2021
- INTERVIEWInterview with Christine Lagarde, President of the ECB, conducted by Marie Cécile Berenger
- 28 June 2021
- SPEECHKeynote speech by Fabio Panetta, Member of the Executive Board of the ECB, at the Conference of the Governors of Mediterranean Central Banks on “Central banks at the frontline of the COVID-19 crisis: weathering the storm, spurring the recovery”
- 24 June 2021
- RESEARCH BULLETIN - No. 85Details
- Abstract
- A low-inflation trap is a situation where both actual and expected inflation are firmly below the central bank’s target and nominal interest rates are close to or at their lower bound. The concept is often used to characterise Japan’s quarter-century of very low, and often negative, inflation. More recently, persistent inflation shortfalls across the industrialised world have raised concerns that other jurisdictions, too, may be on the verge of getting caught in a Japanese-style low-inflation trap. Our new research shows how fiscal policy can help guard economies against this fate.
- JEL Code
- E52 : Macroeconomics and Monetary Economics→Monetary Policy, Central Banking, and the Supply of Money and Credit→Monetary Policy
E61 : Macroeconomics and Monetary Economics→Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook→Policy Objectives, Policy Designs and Consistency, Policy Coordination
E62 : Macroeconomics and Monetary Economics→Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook→Fiscal Policy
- 21 June 2021
- SPEECHIntroductory statement by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament (by videoconference)Annexes
- 21 June 2021
- SPEECH
- 17 June 2021
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Paul Gordon on 17 June 2021
- 14 June 2021
- INTERVIEWInterview with Christine Lagarde, President of the ECB, conducted by Johanna Treeck and Florian Eder on 11 June 2021 in Frankfurt
- 10 June 2021
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 10 June 2021EnglishOTHER LANGUAGES (22) +
- 2 June 2021
- SPEECHSpeech by Christine Lagarde, President of the ECB, on the occasion of the awarding of the Prix Turgot 2021, Paris
- 28 May 2021
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Balazs Koranyi, Frank Siebelt and Francesco Canepa
- 27 May 2021
- SPEECHKeynote speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the “VIII. New Paradigm Workshop”, organised by the Forum New Economy
- 26 May 2021
- INTERVIEWInterview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Jun Ishikawa
- 10 May 2021
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Eric Albert and Marie Charrel
- 5 May 2021
- SPEECHSpeech by Philip R. Lane, Member of the Executive Board of the ECB, at the OMFIF virtual panel
- 3 May 2021
- INTERVIEWInterview with Luis de Guindos, conducted by Tonia Mastrobuoni on 27 April 2021
- 29 April 2021
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Gabriel Mellqvist on 29 April 2021
- 26 April 2021
- SPEECHWelcome address by Fabio Panetta, Member of the Executive Board of the ECB, at the joint BIS, BoE, ECB and IMF conference on “Spillovers in a “post-pandemic, low-for-long” world”
- 23 April 2021
- PRESS RELEASERelated
- 23 April 2021
- SURVEY OF PROFESSIONAL FORECASTERS
- 22 April 2021
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 22 April 2021EnglishOTHER LANGUAGES (22) +
- 14 April 2021
- SPEECHIntroductory remarks by Luis de Guindos, Vice-President of the ECB, at the ECON Committee of the European Parliament (by videoconference)Related
- 11 April 2021
- INTERVIEWInterview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Luis Doncel and published on 11 April 2021
- 9 April 2021
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Tim Bartz and Stefan Kaiser on 1 April and published on 9 April 2021, in print on 10 April 2021
- 1 April 2021
- THE ECB BLOGThe recent volatility of inflation can largely be attributed to the nature of the pandemic shock, writes Chief Economist Philip R. Lane. The increase in inflation during early 2021 does not constitute the basis for a sustained shift in inflation dynamics.
- 22 March 2021
- THE ECB BLOGOur pandemic emergency purchase programme (PEPP) has provided crucial support to euro area citizens since its launch a year ago, writes President Christine Lagarde in The ECB Blog. The PEPP has been, and remains, at the core of our pandemic policy response.
- 17 March 2021
- INTERVIEWInterview on Twitter with Frank Elderson, Member of the Executive Board of the ECB, conducted and published on 16 March 2021
- 16 March 2021
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Martin Arnold
- 11 March 2021
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 11 March 2021EnglishOTHER LANGUAGES (22) +
- 2 March 2021
- SPEECHSpeech by Fabio Panetta, Member of the Executive Board of the ECB, at an online event organised by Bocconi University
- 2 March 2021
- INTERVIEWInterview with Luis de Guindos, Vice-President of the European Central Bank (ECB), conducted by Sérgio Aníbal
- 26 February 2021
- SPEECHKeynote speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Third Annual Conference organised by the European Fiscal Board on “High Debt, Low Rates and Tail Events: Rules-Based Fiscal Frameworks under Stress”
- 26 February 2021
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Andrés Stumpf on 22 February
- 25 February 2021
- SPEECHSpeech by Philip R. Lane, Member of the Executive Board of the ECB, at Comissão do Mercado de Valores Mobiliários
- 31 January 2021
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Markus Zydra on 26 January and published on 1 February 2021 as a shortened version in Süddeutsche Zeitung
- 31 January 2021
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Klemens Kindermann on 29 January 2021 and published on 31 January 2021
- 22 January 2021
- PRESS RELEASERelated
- 22 January 2021
- SURVEY OF PROFESSIONAL FORECASTERS
- 12 January 2021
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Andras Szigètvari on 7 January 2021 und published on 12 January 2021
- 16 December 2020
- SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, as part of the seminar series “Havarie Europa. Zur Pathogenese europäischer Gegenwarten” at the Hamburg Institute for Social Research (Hamburger Institut für Sozialforschung)
- 14 December 2020
- SPEECHSpeech by Fabio Panetta, Member of the Executive Board of the ECB, at the Rome Investment Forum 2020
- 10 December 2020
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 10 December 2020EnglishOTHER LANGUAGES (22) +
- 2 December 2020
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Balázs Korányi on 1 December 2020
- 1 December 2020
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Jana Randow, Carolynn Look and Alexander Weber on 30 November 2020
- 24 November 2020
- SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at The Bank of Finland Monetary Policy webinar: New Challenges to Monetary Policy Strategies
- 17 November 2020
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Annette Weisbach, CNBC, on 12 November and aired on 13 November
- 17 November 2020
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Maria Nobre, broadcast on Tuesday, 17 November at 12:00 a.m. CET
- 4 November 2020
- SPEECHTranscript of Q&A session following a fireside chat with Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at an online UBS event on the European economic and policy outlook, conducted on 30 October 2020
- 3 November 2020
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Jan Mallien and Frank Wiebe
- 30 October 2020
- PRESS RELEASERelated
- 30 October 2020
- SURVEY OF PROFESSIONAL FORECASTERS
- 29 October 2020
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 29 Oktober 2020EnglishOTHER LANGUAGES (22) +
- 20 October 2020
- THE ECB BLOGHigh-quality data and statistics provide indispensable input for sound policy decisions, including at the ECB, writes Executive Board member Isabel Schnabel. Today’s World Statistics Day reminds us of the importance of data we can trust.
- 19 October 2020
- SPEECHIntroductory remarks by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the MNI Connect Roundtable
- 11 October 2020
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Tom Fairless on 8 October
- 7 October 2020
- INTERVIEWInterview with Christine Lagarde, President of the ECB
- 6 October 2020
- SPEECHSpeech by Philip R. Lane, Member of the Executive Board of the ECB, at the 62nd NABE Annual Meeting “Global Reset? Economics, Business, and Policy in the Pandemic”
- 1 October 2020
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by Luke Heighton on 29 September 2020
- 30 September 2020
- SPEECHSpeech by Christine Lagarde, President of the ECB, at the “ECB and Its Watchers XXI” conference
- 28 September 2020
- SPEECHIntroductory statement by Christine Lagarde, President of the ECB, at the ECON Committee of the European Parliament (by videoconference)Annexes
- 28 September 2020
- SPEECH
- 24 September 2020
- INTERVIEWInterview on Twitter with Philip R. Lane, Member of the Executive Board of the ECB, conducted on 24 September 2020
- 22 September 2020
- SPEECHSpeech by Fabio Panetta, Member of the Executive Board of the ECB, at the meeting of the ECB Money Market Contact Group
- 20 September 2020
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by Jesús Rivasés on 14 September 2020
- 16 September 2020
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Jean-Philippe Lacour
- 13 September 2020
- SPEECHContribution by Christine Lagarde, President of the ECB during the session “Economic, financial and monetary impact of COVID-19 pandemic, and post-crisis options for policies and tools”
- 11 September 2020
- SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Centre for European Reform and the Eurofi Financial Forum on “Is the current ECB monetary policy doing more harm than good and what are the alternatives?”
- 11 September 2020
- THE ECB BLOGOur current measures are providing crucial support to the economic recovery in the euro area, writes Chief Economist Philip R. Lane. But there is no room for complacency as inflation remains far below the aim and risks continue to be tilted to the downside.
- 10 September 2020
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 10 September 2020EnglishOTHER LANGUAGES (22) +
- 31 August 2020
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Balazs Koranyi and Frank Siebelt on 28 August 2020 and published on 31 August 2020
- 27 August 2020
- SPEECHSpeech by Philip R. Lane, Member of the Executive Board of the ECB, at the Jackson Hole Economic Policy Symposium, Federal Reserve Bank of Kansas City “Navigating the Decade Ahead: Implications for Monetary Policy”
- 27 July 2020
- INTERVIEWInterview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Tonia Mastrobuoni and published on 27 July 2020
- 21 July 2020
- INTERVIEWInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Andrés Stumpf on 16 July and published on 21 July 2020
- 17 July 2020
- PRESS RELEASERelated
- 17 July 2020
- SURVEY OF PROFESSIONAL FORECASTERS
- 16 July 2020
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 16 July 2020EnglishOTHER LANGUAGES (22) +
- 13 July 2020
- INTERVIEWTranscript of an interview with Isabel Schnabel, Member of the Executive Board of the ECB, with ARD “plusminus”, conducted by Markus Gürne on 8 July 2020
- 8 July 2020
- INTERVIEWVideo interview with Christine Lagarde, President of the ECB, conducted by Roula Khalaf on 7 July 2020 and posted on 8 July 2020
- 1 July 2020
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Balázs Korányi, Francesco Canepa and Frank Siebelt
- 1 July 2020
- SPEECHKeynote speech by Fabio Panetta at a Capital Markets webinar organised by the European Investment Bank and the European Stability Mechanism
- 28 June 2020
- THE ECB BLOGOur crisis measures respond to the worst economic crisis in the post-war period, says Executive Board member Isabel Schnabel. They are necessary, suitable and proportionate and benefit all European citizens.
- 14 June 2020
- INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by María Jesús Pérez on 9 June 2020 and published on 14 June 2020
- 11 June 2020
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Isabella Bufacchi on 8 June
- 10 June 2020
- SPEECHRemarks by Isabel Schnabel, Member of the Executive Board of the ECB, at an online seminar hosted by the Florence School of Banking & Finance
- 10 June 2020
- PRESS RELEASEEnglishOTHER LANGUAGES (21) +
- 9 June 2020
- INTERVIEWInterview on Twitter with Isabel Schnabel, Member of the Executive Board of the ECB, conducted and published on 9 June 2020
- 8 June 2020
- SPEECHIntroductory statement by Christine Lagarde, President of the ECB, at the ECON committee of the European Parliament (by videoconference)Annexes
- 8 June 2020
- SPEECH
- 5 June 2020
- THE ECB BLOGTwo main factors called for further policy action, writes Chief Economist Philip R. Lane. First, the pandemic-related negative shock to inflation poses a threat to medium-term price stability. Second, while conditions in financial markets have stabilised substantially, the situation remains fragile.
- 4 June 2020
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 4 June 2020EnglishOTHER LANGUAGES (22) +
- 22 May 2020
- SPEECHSpeech by Philip R. Lane, Member of the Executive Board of the ECB, at the Inflation: Drivers and Dynamics 2020 Online Conference, Federal Reserve Bank of Cleveland/European Central Bank, 22 May 2020
- 14 May 2020
- INTERVIEWInterview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Andras Szigetvari on 6 May and published on 14 May 2020
- 4 May 2020
- PRESS RELEASERelated
- 4 May 2020
- SURVEY OF PROFESSIONAL FORECASTERS
- 30 April 2020
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 30 April 2020EnglishOTHER LANGUAGES (22) +
- 12 March 2020
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 12 March 2020EnglishOTHER LANGUAGES (22) +
- 27 February 2020
- SPEECHDinner remarks by Philip R. Lane, Member of the Executive Board of the ECB, at the Centre for European Reform
- 27 February 2020
- SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Barclays International Monetary Policy Forum
- 21 February 2020
- SPEECHKeynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at the 2020 US Monetary Policy Forum
- 14 February 2020
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Robert Shortt on 13 February 2020 and broadcast (in part) on 13 February 2020
- 11 February 2020
- SPEECHKeynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at the financial markets workshop of the Economic Council (Finanzmarktklausur des Wirtschaftsrats der CDU)
- 11 February 2020
- SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Juristische Studiengesellschaft
- 6 February 2020
- SPEECHIntroductory statement by Christine Lagarde, President of the ECB, at the ECON committee of the European ParliamentAnnexes
- 6 February 2020
- SPEECH
- 2 February 2020
- INTERVIEWInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Martin Arnold on 27 January, and published on 2 February 2020
- 27 January 2020
- SPEECHKeynote speech by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the celebration of INVESTAS’ 60th anniversary
- 24 January 2020
- INTERVIEWInterview with Christine Lagarde, President of the ECB, conducted by Francine Lacqua and broadcast on 24 January
- 24 January 2020
- PRESS RELEASERelated
- 24 January 2020
- SURVEY OF PROFESSIONAL FORECASTERS
- 23 January 2020
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 23 January 2020EnglishOTHER LANGUAGES (22) +
- 9 January 2020
- SPEECHPresentation by Philip R. Lane, Member of the Executive Board of the ECB, at the Bank of England Workshop on "The Future of Inflation Targeting" in London, 9 January 2020
- 18 December 2019
- SPEECHSpeech by Benoît Cœuré, Member of the Executive Board of the ECB, at the ECB colloquium on “Monetary policy: the challenges ahead” held in his honour
- 12 December 2019
- INTRODUCTORY STATEMENTChristine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 12 December 2019EnglishOTHER LANGUAGES (22) +
- 28 November 2019
- SPEECHRemarks by Philip R. Lane, Member of the Executive Board of the ECB, at the National Treasury Management Agency
- 28 November 2019
- SPEECHRemarks by Benoît Cœuré, Member of the Executive Board of the ECB, at the PSE job forum, Paris School of Economics
- 24 October 2019
- INTRODUCTORY STATEMENTMario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 24 October 2019EnglishOTHER LANGUAGES (22) +
- 16 October 2019
- SPEECHPresentation by Philip R. Lane, Member of the Executive Board of the ECB, at Brookings Institution in Washington DC
- 24 September 2019
- SPEECHSpeech by Luis de Guindos, Vice-President of the ECB, at the ECB conference “Inflation in a changing economic environment”
- 16 September 2019
- SPEECHKeynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at Bloomberg, London, 16 September 2019
- 12 September 2019
- INTRODUCTORY STATEMENTMario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 12 September 2019EnglishOTHER LANGUAGES (22) +
- 4 September 2019
- SPEECHKeynote lecture by Philip R. Lane, Member of the Executive Board of the ECB, at the 50th anniversary conference of The Money, Macro and Finance Research Group, London, 4 September 2019
- 27 August 2019
- SPEECHIntervention by Luis de Guindos, Vice-President of the ECB, at the ECB policy panel of the Annual Congress of the European Economic Association, Manchester, 27 August 2019
- 25 July 2019
- INTRODUCTORY STATEMENTMario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 25 July 2019EnglishOTHER LANGUAGES (22) +
- 11 July 2019
- SPEECHSpeech by Benoît Cœuré, Member of the Executive Board of the ECB, at an event organised by the SAFE Policy Center, Frankfurt am Main, 11 July 2019
- 1 July 2019
- SPEECHSpeech by Philip R. Lane, Member of the Executive Board of the ECB, at the Bank of Finland conference on Monetary Policy and Future of EMU
- 29 June 2019
- SPEECHSpeech by Yves Mersch, Member of the Executive Board of the ECB, at the Petersberger Sommerdialog, Königswinter, 29 June 2019
- 18 June 2019
- SPEECHSpeech by Mario Draghi, President of the ECB, ECB Forum on Central Banking, Sintra, 18 June 2019
- 10 June 2019
- SPEECHRemarks by Luis de Guindos, Vice-President of the ECB, during the Instituto de Empresa (IE) Business Leadership Forum at the IE Business School, Madrid, 10 June 2019
- 6 June 2019
- INTRODUCTORY STATEMENTMario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Vilnius, 6 June 2019EnglishOTHER LANGUAGES (22) +
- 16 May 2019
- SPEECHSpeech by Benoît Cœuré, Member of the Executive Board of the ECB, at the 21st Geneva Conference on the World Economy, 16 May 2019
- 12 April 2019
- SPEECHStatement by Mario Draghi, President of the ECB, at the thirty-ninth meeting of the International Monetary and Financial Committee, Washington, D.C., 12 April 2019
- 10 April 2019
- INTRODUCTORY STATEMENTMario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 10 April 2019EnglishOTHER LANGUAGES (22) +
- 29 March 2019
- SPEECHSpeech by Benoît Cœuré at the Banque de France Symposium & 34th SUERF Colloquium on the occasion of the 20th anniversary of the euro on “The Euro Area: Staying the Course through Uncertainties”, Paris, 29 March 2019
- 27 March 2019
- SPEECHRemarks by Peter Praet, Member of the Executive Board of the ECB, at The ECB and Its Watchers XX Conference, Frankfurt am Main, 27 March 2019
- 27 March 2019
- SPEECHSpeech by Mario Draghi, President of the ECB, at the conference 'The ECB and Its Watchers XX', Frankfurt am Main, 27 March 2019
- 18 March 2019
- SPEECHRemarks by Luis de Guindos, Vice-President of the ECB, at Asociación para el Progreso de la Dirección (APD), Madrid, 18 March 2019
- 7 March 2019
- INTRODUCTORY STATEMENTMario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 7 March 2019EnglishOTHER LANGUAGES (22) +
- 20 February 2019
- SPEECHPresentation by Peter Praet, Member of the Executive Board of the ECB, at the Frankfurt Main Finance Breakfast, Frankfurt am Main, 20 February 2019
- 24 January 2019
- INTRODUCTORY STATEMENTMario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 24 January 2019EnglishOTHER LANGUAGES (22) +
- 13 December 2018
- INTRODUCTORY STATEMENTMario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 13 December 2018EnglishOTHER LANGUAGES (22) +
- 26 November 2018
- SPEECHSpeech by Peter Praet, Member of the Executive Board of the ECB, on “Herausforderungen für die Europäische Geldpolitik 2019” at 33. Internationales ZinsForum 2018, Frankfurt am Main, 26 November 2018
- 16 November 2018
- SPEECHSpeech by Mario Draghi, President of the ECB, Frankfurt European Banking Congress, Frankfurt am Main, 16 November 2018
- 13 November 2018
- SPEECHSpeech by Peter Praet, Member of the Executive Board of the ECB, at the UBS Conference, London, 13 November 2018
- 8 November 2018
- SPEECHSpeech by Benoît Cœuré, Member of the Executive Board of the ECB, at a conference on “Scaling up Green Finance: The Role of Central Banks”, organised by the Network for Greening the Financial System, the Deutsche Bundesbank and the Council on Economic Policies, Berlin, 8 November 2018
- 25 October 2018
- INTRODUCTORY STATEMENTMario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 25 October 2018EnglishOTHER LANGUAGES (22) +
- 20 September 2018
- SPEECHSpeech by Peter Praet, Member of the Executive Board of the ECB, at the SUERF conference “Sustainable Policy Responses: EU and US Perspectives”, New York, 20 September 2018
- 17 September 2018
- SPEECHPresentation by Peter Praet, Member of the Executive Board of the ECB, to the Société Royale d’Economie Politique, Brussels, 17 September 2018
- 13 September 2018
- INTRODUCTORY STATEMENTEnglishOTHER LANGUAGES (22) +
- 26 July 2018
- INTRODUCTORY STATEMENTMario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 26 July 2018EnglishOTHER LANGUAGES (22) +
- 9 July 2018
- SPEECHIntroductory Statement by Mario Draghi, President of the ECB, at the ECON committee of the European Parliament, Brussels, 9 July 2018Annexes
- 11 July 2018
- ANNEX
- 3 July 2018
- SPEECHKeynote speech by Peter Praet, Member of the Executive Board of the ECB, at Banca Naţională a României, Bucharest, 3 July 2018Annexes
- 3 July 2018
- ANNEX
- 19 June 2018
- SPEECHSpeech by Mario Draghi, President of the ECB, ECB Forum on Central Banking, Sintra, 19 June 2018
- 14 June 2018
- INTRODUCTORY STATEMENTEnglishOTHER LANGUAGES (22) +
- 29 May 2018
- SPEECHSpeech by Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, Center for Financial Studies Colloquium, Frankfurt, 29 May 2018
- 26 April 2018
- INTRODUCTORY STATEMENTMario Draghi, President of the ECB, Vítor Constâncio, Vice-President of the ECB, Frankfurt am Main, 26 April 2018EnglishOTHER LANGUAGES (22) +
- 11 April 2018
- SPEECHIntroductory remarks and Q&A with Mario Draghi, President of the ECB, Frankfurt, 11 April 2018
- 14 March 2018
- SPEECHSpeech by Peter Praet, Member of the Executive Board of the ECB, at The ECB and Its Watchers XIX Conference, Frankfurt am Main, 14 March 2018
- 14 March 2018
- SPEECHSpeech by Mario Draghi, President of the ECB, The ECB and Its Watchers XIX Conference organised by the Institute for Monetary and Financial Stability, Frankfurt, 14 March 2018
- 8 March 2018
- INTRODUCTORY STATEMENTMario Draghi, President of the ECB, Vítor Constâncio, Vice-President of the ECB, Frankfurt am Main, 8 March 2018EnglishOTHER LANGUAGES (22) +
- 26 February 2018
- SPEECHIntroductory Statement by Mario Draghi, President of the ECB, at the ECON committee of the European Parliament, Brussels, 26 February 2018Annexes
- 26 February 2018
- ANNEX
- 15 February 2018
- SPEECHPresentation by Peter Praet, Member of the Executive Board of the ECB, at the joint French Treasury / IMF conference entitled “Transforming France’s economy and completing the integration of the Eurozone”, Paris, 15 February 2018
- 31 January 2018
- SPEECHSpeech by Benoît Cœuré, Member of the Executive Board of the ECB at the Financial Times European Financial Forum, “Building a New Future for International Financial Services”, Dublin, 31 January 2018
- 25 January 2018
- INTRODUCTORY STATEMENTMario Draghi, President of the ECB, Vítor Constâncio, Vice-President of the ECB, Frankfurt am Main, 25 January 2018EnglishOTHER LANGUAGES (22) +