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Publications on Inflation

27 September 2023
INTERVIEW
Interview with Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, conducted by Luke Heighton on 22 September 2023
25 September 2023
SPEECH
Thünen Lecture by Isabel Schnabel, Member of the Executive Board of the ECB, at the annual conference of the Verein für Socialpolitik
English
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Annexes
25 September 2023
SPEECH
22 September 2023
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Jennifer Schonberger
22 September 2023
SPEECH
Dinner speech by Philip R. Lane, Member of the Executive Board of the ECB, at the Money Marketeers of New York University
20 September 2023
SPEECH
Slides by Isabel Schnabel, Member of the Executive Board of the European Central Bank, at the Association of German Banks
14 September 2023
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 14 September 2023
14 September 2023
MONETARY POLICY DECISION
5 September 2023
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Stephen Kinsella on 31 August 2023
4 September 2023
SPEECH
Speech by Christine Lagarde, President of the ECB, at the Distinguished Speakers Seminar organised by the European Economics & Financial Centre
31 August 2023
SPEECH
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at a conference organised by the European Central Bank and the Federal Reserve Bank of Cleveland’s Center for Inflation Research on “Inflation: Drivers and Dynamics 2023”
Annexes
31 August 2023
SPEECH
25 August 2023
SPEECH
Speech by Christine Lagarde, President of the ECB, at the annual Economic Policy Symposium "Structural Shifts in the Global Economy" organised by Federal Reserve Bank of Kansas City in Jackson Hole
4 August 2023
ECONOMIC BULLETIN - BOX
Economic Bulletin Issue 5, 2023
Details
Abstract
This box describes some key measures of underlying inflation and reassesses their predictive power for euro area headline inflation over a medium-term horizon. It discusses recent developments in underlying inflation and implications for the inflation outlook. It examines how underlying inflation measures can be adjusted to filter out some of the recent extraordinary shocks to inflation. Lastly, it analyses goods and services inflation individually.
JEL Code
C52 : Mathematical and Quantitative Methods→Econometric Modeling→Model Evaluation, Validation, and Selection
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
3 August 2023
SPEECH
Speech by Fabio Panetta, Member of the Executive Board of the ECB, at Bocconi University
30 July 2023
INTERVIEW
Interview with Christine Lagarde, President of the ECB, conducted by Anne Cheyvialle and Florentin Collomp on 28 July 2023
English
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27 July 2023
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 27 July 2023
Related
27 July 2023
COMBINED MONETARY POLICY DECISIONS AND STATEMENT
7 July 2023
SPEECH
Keynote speech by Luis de Guindos, Vice-President of the ECB, at King’s College London
Annexes
7 July 2023
SPEECH
7 July 2023
INTERVIEW
Interview with Christine Lagarde, President of the ECB, conducted by Geneviève Van Lède on 5 July 2023
English
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29 June 2023
ECONOMIC BULLETIN - BOX
Economic Bulletin Issue 4, 2023
Details
Abstract
This box examines the wage share in the euro area, which has edged down since the start of the pandemic, as workers have so far not been able to recover real wage losses amidst high inflation and robust profit margins. The decline is in most sectors, except for less contact-intensive private services and public services. The reduced wage share suggests that part of the recent terms-of-trade shock and its impact on consumer price inflation has been absorbed by workers and that second-round effects from wages on inflation have so far been relatively moderate.
JEL Code
E24 : Macroeconomics and Monetary Economics→Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy→Employment, Unemployment, Wages, Intergenerational Income Distribution, Aggregate Human Capital
E25 : Macroeconomics and Monetary Economics→Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy→Aggregate Factor Income Distribution
E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
E37 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Forecasting and Simulation: Models and Applications
29 June 2023
ECONOMIC BULLETIN - BOX
Economic Bulletin Issue 4, 2023
Details
Abstract
The box provides an analysis of the recent increase in inflation differentials in the euro area countries and its impact on price competitiveness. To a certain extent, inflation differentials are normal in a currency union, insofar as they reflect temporary adjustments to shocks or are associated with catching-up processes. However, in other cases, inflation differentials may reflect persistent diverging cost developments, possibly related to a spillover of energy and/or food price shocks into labour cost differentials, or structural challenges such as nominal and real rigidities in product and labour markets. In such cases, inflation differentials may cause significant shifts in price competitiveness that need to be addressed by structural policies and/or countercyclical fiscal policy. Several euro area countries with legacy external imbalances have improved their price competitiveness in recent years when compared with the pre-pandemic period, while others have recorded considerable losses in price competitiveness.
JEL Code
E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
F32 : International Economics→International Finance→Current Account Adjustment, Short-Term Capital Movements
J31 : Labor and Demographic Economics→Wages, Compensation, and Labor Costs→Wage Level and Structure, Wage Differentials
29 June 2023
ECONOMIC BULLETIN - BOX
Economic Bulletin Issue 4, 2023
Details
Abstract
This box looks at how unit profits have contributed to the recent strengthening of euro area domestic price pressures, using national accounts data up to the first quarter of 2023. It analyses the contribution made by unit profits using a broad profit indicator based on gross operating surplus and mixed income, as well as more narrowly defined profit indicators derived from the national accounts (which are closer to business profits). It also shows how the current signals from unit profits based on national accounts data correspond to those of indicators of mark-ups and profit margins derived from corporate accounts. This analysis shows that unit profits have grown strongly of late and made a visible contribution to domestic price pressures in the euro area. This is true for both the broad indicator of unit profits and more narrowly defined profit indicators. The box also shows that in an environment characterised by surging intermediate consumption costs, it is possible for unit profits to increase strongly and have an upward effect on inflation while mark-ups and profit margin indicators derived from corporate accounts remain broadly unchanged.
JEL Code
E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
27 June 2023
SPEECH
Speech by Christine Lagarde, President of the ECB, at the ECB Forum on Central Banking 2023 on “Macroeconomic stabilisation in a volatile inflation environment” in Sintra, Portugal
25 June 2023
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by María Jesús Pérez, John Müller and Daniel Caballero
English
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19 June 2023
SPEECH
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Euro50 Group conference on “New challenges for the Economic and Monetary Union in the post-crisis environment”
Annexes
19 June 2023
SPEECH
19 June 2023
SPEECH
Background slides by Philip R. Lane, Member of the Executive Board of the ECB, for dialogue with Matteo Maggiori on the occasion of the award of the Germán Bernácer Prize
16 June 2023
SPEECH
Remarks by Christine Lagarde, President of the ECB, at the G30 dinner in Amsterdam
15 June 2023
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 15 June 2023
15 June 2023
MONETARY POLICY DECISION
Related
15 June 2023
COMBINED MONETARY POLICY DECISIONS AND STATEMENT
13 July 2023
MONETARY POLICY ACCOUNT
7 June 2023
THE ECB BLOG
Unemployment has declined since the peak of the pandemic in August 2020, hitting a record low this April. But while more people have jobs, they are working fewer hours on average. In this post for The ECB Blog we shed light on this dichotomy and why it matters for the overall strength of the labour market.
Details
JEL Code
E24 : Macroeconomics and Monetary Economics→Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy→Employment, Unemployment, Wages, Intergenerational Income Distribution, Aggregate Human Capital
E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
7 June 2023
INTERVIEW
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Wouter Vervenne and Kris van Hamme on 31 May 2023
English
OTHER LANGUAGES (2) +
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2 June 2023
INTERVIEW
Interview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Eric Albert
English
OTHER LANGUAGES (2) +
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1 June 2023
SPEECH
Speech by Christine Lagarde, President of the ECB, at “Deutscher Sparkassentag 2023”, Hanover
English
OTHER LANGUAGES (1) +
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31 May 2023
PRESS RELEASE
Related
31 May 2023
FINANCIAL STABILITY REVIEW
26 May 2023
SPEECH
Panel discussion by Philip R. Lane, Member of the Executive Board of the ECB, at the 29th Dubrovnik Economic Conference
25 May 2023
SPEECH
Introductory remarks by Luis de Guindos, Vice-President of the ECB, at the ECON Committee of the European Parliament
19 May 2023
SPEECH
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Conference on Financial Stability and Monetary Policy in the honour of Charles Goodhart
Annexes
19 May 2023
SPEECH
14 May 2023
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Isabella Bufacchi
English
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10 May 2023
INTERVIEW
Interview with Christine Lagarde, President of the ECB, conducted by Shogo Akagawa on 8 May 2023
9 May 2023
SPEECH
Presentation by Isabel Schnabel, Member of the Executive Board of the ECB, at Hessischer Kreis e. V.
English
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8 May 2023
SPEECH
Presentation by Philip R. Lane, Member of the Executive Board of the ECB, at the New Economy Forum in Berlin
4 May 2023
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 4 May 2023
Related
4 May 2023
COMBINED MONETARY POLICY DECISIONS AND STATEMENT
4 May 2023
MONETARY POLICY DECISION
Related
4 May 2023
COMBINED MONETARY POLICY DECISIONS AND STATEMENT
1 June 2023
MONETARY POLICY ACCOUNT
25 April 2023
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Eric Albert on 18 April 2023
English
OTHER LANGUAGES (1) +
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24 April 2023
INTERVIEW
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Johanna Treeck on 20 April 2023
19 April 2023
SPEECH
Slides by Isabel Schnabel, Member of the Executive Board of the ECB, at the Zentrum für Europäische Wirtschaftsforschung (ZEW) in Mannheim
English
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19 April 2023
SPEECH
Keynote address by Philip R. Lane, Member of the Executive Board of the ECB, at the Enterprise Ireland Summit 2023
17 April 2023
SPEECH
Speech by Christine Lagarde, President of the ECB, at the Council on Foreign Relations’ C. Peter McColough Series on International Economics
14 April 2023
SPEECH
Statement by Christine Lagarde, President of the ECB, at the forty-seventh meeting of the International Monetary and Financial Committee
6 April 2023
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Gregory Savva on 5 April
5 April 2023
SPEECH
Lecture by Philip R. Lane, Member of the Executive Board of the ECB, at the University of Cyprus
1 April 2023
SPEECH
Introductory remarks by Luis de Guindos, Vice-President of the ECB, at the 34th edition of “The outlook for the economy and finance”, organized by the European House – Ambrosetti
30 March 2023
THE ECB BLOG
High energy prices have dented real incomes. How to allocate these losses is at the heart of recent negotiations between firms and workers. If both sides try to unilaterally offset any real income losses, this could trigger successive wage and price increases, and create risks of an upward spiral that could make everyone poorer.
Details
JEL Code
E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
30 March 2023
ECONOMIC BULLETIN - BOX
Economic Bulletin Issue 2, 2023
Details
Abstract
This box provides updated estimates on the fiscal support provided by euro area governments in response to the energy crisis and high inflation, reflecting the March 2023 ECB staff macroeconomic projections. It also gives granular information on the design and timing of these fiscal policy support measures.
JEL Code
E62 : Macroeconomics and Monetary Economics→Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook→Fiscal Policy
E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
E63 : Macroeconomics and Monetary Economics→Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook→Comparative or Joint Analysis of Fiscal and Monetary Policy, Stabilization, Treasury Policy
29 March 2023
SPEECH
Slides by Isabel Schnabel, Member of the Executive Board of the ECB, at the 39th Annual NABE Economic Policy Conference
29 March 2023
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted on 22 March by Kolja Rudzio
English
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26 March 2023
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Daniel Murray
22 March 2023
SPEECH
Speech by Fabio Panetta, Member of the Executive Board of the ECB, at a panel on “Global shocks, policy spillovers and geo-strategic risks: how to coordinate policies” at The ECB and its Watchers XXIII Conference
22 March 2023
SPEECH
Speech by Christine Lagarde, President of the ECB, at “The ECB and Its Watchers XXIII” conference
English
OTHER LANGUAGES (3) +
20 March 2023
SPEECH
Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
16 March 2023
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 16 March 2023
Related
16 March 2023
COMBINED MONETARY POLICY DECISIONS AND STATEMENT
16 March 2023
MONETARY POLICY DECISION
Related
16 March 2023
COMBINED MONETARY POLICY DECISIONS AND STATEMENT
20 April 2023
MONETARY POLICY ACCOUNT
7 March 2023
THE ECB BLOG
Croatian consumers have expressed concerns about price increases related to the euro changeover. Preliminary evidence presented in this ECB blog post shows that the changeover from kuna to euro has so far had relatively little impact on Croatian consumer prices and price perceptions.
Details
JEL Code
E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
6 March 2023
SPEECH
Lecture by Philip R. Lane, Member of the Executive Board of the ECB, Trinity College Dublin
5 March 2023
INTERVIEW
Interview with Christine Lagarde, President of the ECB, conducted by Adolfo Lorente, from El Correo
English
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2 March 2023
SPEECH
Speech and Slides by Isabel Schnabel at Money Market Contact Group (MMCG)
1 March 2023
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Nicholas Owen
28 February 2023
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted on Friday, 24 February 2023 by Balázs Korányi and Frank Siebelt
27 February 2023
INTERVIEW
Interview with Christine Lagarde, President of the ECB, conducted M.C. Govardhana Rangan on 24 February 2023
25 February 2023
INTERVIEW
Interview with Christine Lagarde, President of the ECB, conducted by Petri Sajari
English
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24 February 2023
THE ECB BLOG
Russia’s unjustified war against Ukraine and its people is first and foremost a human tragedy. It is also having an economic impact on Ukraine and beyond. This ECB Blog post – the first in a series about the economic effects of the war – focuses on inflation in the euro area.
Details
JEL Code
E30 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→General
E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
Related
17 February 2023
INTERVIEW
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Jana Randow and Alexander Weber on 15 February 2023
16 February 2023
SPEECH
Speech by Fabio Panetta, Member of the Executive Board of the ECB, at an event organised by the Centre for European Reform, the Delegation of the European Union to the United Kingdom and the ECB Representative Office in London
English
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16 February 2023
ECONOMIC BULLETIN - BOX
Economic Bulletin Issue 1, 2023
Details
Abstract
This box updates the analysis published in April 2022 that reviewed the Eurosystem and ECB staff inflation projections published since the start of the coronavirus (COVID-19) pandemic. The accuracy of short-term inflation projections made by Eurosystem and ECB staff deteriorated after Russia invaded Ukraine in February 2022. However, projection accuracy improved in the final quarter of 2022. Errors related to conditioning assumptions for energy commodity prices and the pass-through of those prices to consumer prices (complicated by the uncertain impact of fiscal policy measures) continue to account for a significant albeit declining share of the total staff inflation projection errors. The remaining errors are likely to relate to the impact of global supply chain bottlenecks and reopening effects following the pandemic. In addition, the exceptional size of commodity price shocks may have led to a much faster pass-through, while the high inflationary environment may have enabled easier repricing and required faster resetting of prices than had been observed in the past. In comparative terms, other international institutions and private forecasters have under-predicted short-term euro area inflation to a similar extent. Eurosystem and ECB staff are continuing to re-evaluate their models to further improve the accuracy of their projection techniques and to provide additional analyses that can inform projections in times of high uncertainty.
JEL Code
J2 : Labor and Demographic Economics→Demand and Supply of Labor
15 February 2023
SPEECH
Speech by Christine Lagarde, President of the ECB, at the plenary session of the European Parliament
13 February 2023
ECONOMIC BULLETIN - ARTICLE
Economic Bulletin Issue 2, 2023
Details
Abstract
This article assesses the relation between fiscal policy and inflation, with a focus on the euro area and the period 2022-25 (corresponding to the horizon of the December 2022 Eurosystem staff macroeconomic projections for the euro area). Overall, the article concludes that, even without the discretionary policy response to the high energy prices and inflation (assessed at close to 2% of GDP over the 2022-23 period), the euro area budget balance could be negatively affected by the current high inflation beyond the short term. This is primarily explained by the nature of the inflation shock, which has a substantial external, energy-driven component, and its large size. Such factors lead to more limited gains on the revenue side of the budget, which in turn can easily be outweighed in the following years by extra spending pressures. In terms of the euro area debt-to-GDP ratio, the analysis shows that a negative impact on economic activity from an adverse supply shock, given the monetary policy reaction, may outweigh the positive initial impact of higher inflation through the denominator effect. The discretionary fiscal policy measures that have so far been adopted to shield the economy from the impact of high inflation in turn lower the inflationary pressures over the 2022-23 period, with a broad estimated reversal of the effect afterwards. The degree to which these fiscal measures will influence price dynamics is highly uncertain.
JEL Code
E31 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Price Level, Inflation, Deflation
E37 : Macroeconomics and Monetary Economics→Prices, Business Fluctuations, and Cycles→Forecasting and Simulation: Models and Applications
E62 : Macroeconomics and Monetary Economics→Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook→Fiscal Policy
E63 : Macroeconomics and Monetary Economics→Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook→Comparative or Joint Analysis of Fiscal and Monetary Policy, Stabilization, Treasury Policy
10 February 2023
INTERVIEW
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted and published on 10 February 2023
8 February 2023
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Markus Zydra and Meike Schreiber
English
OTHER LANGUAGES (1) +
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2 February 2023
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 2 February 2023
2 February 2023
MONETARY POLICY DECISION
Related
2 February 2023
COMBINED MONETARY POLICY DECISIONS AND STATEMENT
2 February 2023
PRESS RELEASE
2 March 2023
MONETARY POLICY ACCOUNT
23 January 2023
SPEECH
Speech by Christine Lagarde, President of the ECB, at the Deutsche Börse Annual Reception in Eschborn
English
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17 January 2023
INTERVIEW
Interview 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 - BOX
Economic Bulletin Issue 8, 2022
Details
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
SPEECH
Presentation 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
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted on 16 December 2022
English
OTHER LANGUAGES (1) +
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24 December 2022
INTERVIEW
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Gerald Braunberger and Christian Siedenbiedel on 16 December 2022
English
OTHER LANGUAGES (1) +
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22 December 2022
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Éric Albert on 15 December and published on 22 December
English
OTHER LANGUAGES (1) +
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15 December 2022
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB,
Luis de Guindos, Vice-President of the ECB
15 December 2022
MONETARY POLICY DECISION
Related
15 December 2022
COMBINED MONETARY POLICY DECISIONS AND STATEMENT
19 January 2023
MONETARY POLICY ACCOUNT
8 December 2022
SPEECH
Welcome 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
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Francesco Ninfole
English
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29 November 2022
SPEECH
Presentation by Isabel Schnabel, Member of the Executive Board of the ECB, at the IG Metall Economic Talks
English
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28 November 2022
SPEECH
Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
24 November 2022
SPEECH
Keynote speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Bank of England Watchers’ Conference
Annexes
24 November 2022
SPEECH
21 November 2022
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Luke Heighton on 16 November 2022
18 November 2022
SPEECH
Speech by Christine Lagarde, President of the ECB, at the European Banking Congress
16 November 2022
PRESS RELEASE
Related
16 November 2022
FINANCIAL STABILITY REVIEW
14 November 2022
SPEECH
Speech by Luis de Guindos, Vice-President of the ECB, at the 25th Frankfurt Euro Finance Week
14 November 2022
SPEECH
Keynote 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 Institute
Annexes
14 November 2022
SPEECH
11 November 2022
SPEECH
Presentation by Philip R. Lane, Member of the Executive Board of the ECB, at the 23rd Jacques Polak Annual Research Conference
10 November 2022
SPEECH
Presentation by Isabel Schnabel, Member of the Executive Board of the ECB, at Banka Slovenije
9 November 2022
THE ECB BLOG
We 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.
9 November 2022
ECONOMIC BULLETIN - BOX
Economic Bulletin Issue 7, 2022
Details
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 - BOX
Economic Bulletin Issue 7, 2022
Details
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
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Johanna Treeck on 3 November 2022
7 November 2022
THE ECB BLOG
If 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.
4 November 2022
SPEECH
Lecture by Christine Lagarde, President of the ECB, organised by Eesti Pank and dedicated to Professor Ragnar Nurkse
4 November 2022
SPEECH
Speech by Luis de Guindos, Vice-President of the ECB, at Energy Prospectives event organised by IESE Business School and Naturgy Foundation
3 November 2022
SPEECH
Keynote speech by Fabio Panetta, Member of the Executive Board of the ECB, at the ECB Money Market Conference
English
OTHER LANGUAGES (1) +
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Annexes
3 November 2022
SPEECH
1 November 2022
INTERVIEW
Interview with Christine Lagarde, President of the ECB, conducted by Žanete Hāka
English
OTHER LANGUAGES (1) +
Select your language
27 October 2022
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB,
Luis de Guindos, Vice-President of the ECB
27 October 2022
MONETARY POLICY DECISION
14 October 2022
SPEECH
Statement by Christine Lagarde, President of the ECB, at the forty-sixth meeting of the International Monetary and Financial Committee
14 October 2022
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Dalius Simenas on 10 October 2022
English
OTHER LANGUAGES (1) +
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11 October 2022
SPEECH
Speech 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 - BOX
Economic Bulletin Issue 7, 2022
Details
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
SPEECH
Speech 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
Annexes
30 September 2022
SPEECH
28 September 2022
SPEECH
Keynote 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
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by András Szigetvari on 20 September 2022
English
OTHER LANGUAGES (1) +
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26 September 2022
SPEECH
Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
22 September 2022
INTERVIEW
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Florian Schmidt on 15 September 2022
English
OTHER LANGUAGES (1) +
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20 September 2022
SPEECH
Karl Otto Pöhl Lecture by Christine Lagarde, President of the ECB, organised by Frankfurter Gesellschaft für Handel, Industrie und Wissenschaft
English
OTHER LANGUAGES (3) +
16 September 2022
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by João Silvestre on 9 September
English
OTHER LANGUAGES (1) +
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15 September 2022
SPEECH
Speech 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
SPEECH
Opening 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 BLOG
Women 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
12 September 2022
SPEECH
Welcome address by Isabel Schnabel, Member of the Executive Board of the ECB, at the seventh ECB Annual Research Conference
8 September 2022
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB,
Luis de Guindos, Vice-President of the ECB
8 September 2022
MONETARY POLICY DECISION
Related
8 September 2022
COMBINED MONETARY POLICY DECISIONS AND STATEMENT
8 September 2022
PRESS RELEASE
6 October 2022
MONETARY POLICY ACCOUNT
29 August 2022
SPEECH
Remarks 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
SPEECH
Speech 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
INTERVIEW
Interview with Christine Lagarde, President of the ECB, conducted by Morgane Miel on 13 July 2022 and published on 25 August 2022
English
OTHER LANGUAGES (1) +
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24 August 2022
THE ECB BLOG
Communication 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
18 August 2022
SPEECH
Presentation by Isabel Schnabel, Member of the Executive Board of the ECB, at Hochschule der Deutschen Bundesbank
18 August 2022
INTERVIEW
Interview 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 BLOG
As 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
29 July 2022
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Tõnis Oja on 25 July
English
OTHER LANGUAGES (1) +
Select your language
21 July 2022
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB,
Luis de Guindos, Vice-President of the ECB
8 July 2022
THE ECB BLOG
The 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.
4 July 2022
SPEECH
Remarks by Luis de Guindos, Vice-President of the ECB, at the Frankfurt Euro Finance Summit
2 July 2022
SPEECH
Presentation by Isabel Schnabel, Member of the Executive Board of the ECB, at Petersberger Sommerdialog
28 June 2022
SPEECH
Speech 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
English
OTHER LANGUAGES (3) +
20 June 2022
SPEECH
Presentation by Philip R. Lane, Member of the Executive Board of the ECB, at the Society of Professional Economists Annual Dinner
20 June 2022
SPEECH
Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
16 June 2022
INTERVIEW
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Dein Spiegel on 19 May 2022
English
OTHER LANGUAGES (1) +
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16 June 2022
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Maria Vasileiou
English
OTHER LANGUAGES (1) +
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14 June 2022
SPEECH
Commencement 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
Annexes
14 June 2022
SPEECH
30 May 2022
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Nuño Rodrigo and Laura Salces on 25 May 2022
English
OTHER LANGUAGES (1) +
Select your language
25 May 2022
PRESS RELEASE
Related
25 May 2022
FINANCIAL STABILITY REVIEW
25 May 2022
SPEECH
Speech 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)
English
OTHER LANGUAGES (1) +
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23 May 2022
THE ECB BLOG
Blog post by Christine Lagarde, President of the ECB
19 May 2022
SPEECH
Speech 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
SPEECH
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at a conference organised by the Österreichische Vereinigung für Finanzanalyse und Asset Management
Annexes
11 May 2022
ANNEX
11 May 2022
SPEECH
Speech by Christine Lagarde, President of the ECB, at the international conference to mark the 30th anniversary of Banka Slovenije
English
OTHER LANGUAGES (1) +
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7 May 2022
INTERVIEW
Interview with Christine Lagarde, President of the ECB, conducted by Miha Jenko and published on 7 May 2022
English
OTHER LANGUAGES (1) +
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5 May 2022
SPEECH
Speech by Philip R. Lane, Member of the Executive Board of the ECB, at Bruegel
5 May 2022
INTERVIEW
Interview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Marco Zatterin
English
OTHER LANGUAGES (1) +
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3 May 2022
INTERVIEW
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Jan Mallien and Frank Wiebe on 29 April 2022
English
OTHER LANGUAGES (1) +
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1 May 2022
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Adolfo Lorente and Manu Álvarez on 26 April
English
OTHER LANGUAGES (1) +
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28 April 2022
SPEECH
Introductory remarks by Luis de Guindos, Vice-President of the ECB, at the ECON Committee of the European Parliament
27 April 2022
SPEECH
Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, International Association for Official Statistics (IAOS) Conference, Kraków
21 April 2022
SPEECH
Statement by Christine Lagarde, President of the ECB, at the forty-fifth meeting of the International Monetary and Financial Committee
21 April 2022
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Jana Randow and Alessandra Migliaccio on 20 April 2022
14 April 2022
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB,
Luis de Guindos, Vice-President of the ECB
5 April 2022
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Nikos Rogakos
2 April 2022
SPEECH
Speech 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”
Annexes
2 April 2022
SPEECH
1 April 2022
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Annette Weisbach
31 March 2022
SPEECH
Speech by Philip R. Lane, Member of the Executive Board of the ECB, at the International Macroeconomics Chair Banque de France – Paris School of Economics
English
OTHER LANGUAGES (1) +
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30 March 2022
SPEECH
Speech by President Christine Lagarde at an event organised by the Central Bank of Cyprus
English
OTHER LANGUAGES (1) +
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20 March 2022
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Frank Wiebe and Jan Mallien on 14 March
English
OTHER LANGUAGES (1) +
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17 March 2022
SPEECH
Speech 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
Annexes
17 March 2022
SPEECH
17 March 2022
SPEECH
Speech by Christine Lagarde, President of the ECB, at “The ECB and Its Watchers XXII” conference
15 March 2022
SPEECH
by Christine Lagarde, President of the ECB, at the “Wirtschaftsgipfel” of Welt/Axel Springer in Berlin
10 March 2022
MACROECONOMIC PROJECTIONS FOR THE EURO AREA
Annexes
10 March 2022
MACROECONOMIC PROJECTIONS FOR THE EURO AREA
10 March 2022
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB,
Luis de Guindos, Vice-President of the ECB
2 March 2022
SPEECH
Speech by Philip R. Lane, Member of the Executive Board of the ECB, at the Hertie School, Berlin
28 February 2022
SPEECH
Speech 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
English
OTHER LANGUAGES (1) +
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Annexes
28 February 2022
SPEECH
24 February 2022
SPEECH
Speech 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
Annexes
24 February 2022
SPEECH
23 February 2022
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Gerald Braunberger and Christian Siedenbiedel on 21 February
English
OTHER LANGUAGES (1) +
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17 February 2022
SPEECH
Opening remarks by Philip R. Lane, Member of the Executive Board of the ECB, at MNI Market News Webcast
15 February 2022
INTERVIEW
Interview 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
SPEECH
Introductory statement by Christine Lagarde, President of the ECB, at the plenary session of the European Parliament
11 February 2022
INTERVIEW
Interview with Christine Lagarde, President of the European Central Bank, conducted by Andreas Niesmann and Tim Szent-Ivany
English
OTHER LANGUAGES (1) +
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10 February 2022
THE ECB BLOG
Blog post by Philip R. Lane, Member of the Executive Board of the ECB[1]
9 February 2022
INTERVIEW
Interview on Twitter with Isabel Schnabel, Member of the Executive Board of the ECB, conducted and published on 9 February 2022
7 February 2022
SPEECH
Introductory 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)
3 February 2022
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB,
Luis de Guindos, Vice-President of the ECB
25 January 2022
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Emilis Linge and Dalius Simenas
English
OTHER LANGUAGES (1) +
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14 January 2022
INTERVIEW
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Markus Zydra, Bastian Brinkmann and Meike Schreiber on 10 January 2022
English
OTHER LANGUAGES (1) +
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14 January 2022
SPEECH
Introductory 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)
English
OTHER LANGUAGES (1) +
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11 January 2022
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Isabella Bufacchi
8 January 2022
SPEECH
Remarks 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
Annexes
8 January 2022
SPEECH
7 January 2022
INTERVIEW
Interview 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
INTERVIEW
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Eric Albert on 16 December and published on 22 December
English
OTHER LANGUAGES (1) +
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16 December 2021
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB,
Luis de Guindos, Vice-President of the ECB
30 November 2021
INTERVIEW
Interview 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
English
OTHER LANGUAGES (1) +
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29 November 2021
SPEECH
Lectio Magistralis by Christine Lagarde, President of the ECB, at the Accademia Nazionale dei Lincei
29 November 2021
INTERVIEW
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Mitri Sirin on 29 November 2021
English
OTHER LANGUAGES (1) +
Select your language
26 November 2021
INTERVIEW
Interview 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
English
OTHER LANGUAGES (1) +
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24 November 2021
SPEECH
Presentation by Isabel Schnabel, Member of the Executive Board of the ECB, at a Youth Dialogue hosted by the University of Sofia
24 November 2021
SPEECH
Speech by Fabio Panetta, Member of the Executive Board of the ECB, at Sciences Po
English
OTHER LANGUAGES (1) +
Select your language
Annexes
24 November 2021
OTHER PUBLICATION
23 November 2021
INTERVIEW
Interview 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
SPEECH
Keynote speech by Christine Lagarde, President of the ECB, at the 31st Frankfurt European Banking Congress 2021 “From Recovery to Strength”
17 November 2021
SPEECH
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at a virtual event organised by Goldman Sachs
Annexes
17 November 2021
SPEECH
15 November 2021
SPEECH
Introductory 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
11 November 2021
SPEECH
Introductory 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
SPEECH
Welcome address by Philip R. Lane, Member of the Executive Board of the ECB, at the ECB Conference on Money Markets
8 November 2021
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Lluís Pellícer on 3 November 2021
English
OTHER LANGUAGES (1) +
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29 October 2021
PRESS RELEASE
Related
28 October 2021
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB,
Luis de Guindos, Vice-President of the ECB
16 October 2021
SPEECH
2021 Per Jacobsson Lecture by Christine Lagarde, President of the ECB, at the IMF Annual Meetings
14 October 2021
SPEECH
Statement by Christine Lagarde, President of the ECB, at the forty-fourth meeting of the International Monetary and Financial Committee
11 October 2021
SPEECH
Welcome 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
SPEECH
Welcome 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”
Annexes
7 October 2021
SPEECH
1 October 2021
SPEECH
Speech 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”
Annexes
1 October 2021
SPEECH
28 September 2021
SPEECH
Speech by Christine Lagarde, President of the ECB, at ECB Forum on Central Banking "Beyond the pandemic: the future of monetary policy"
27 September 2021
SPEECH
Introductory 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
INTERVIEW
Interview with Christine Lagarde, President of the ECB, conducted by Annette Weisbach, CNBC, on 23 September
16 September 2021
INTERVIEW
Interview with Christine Lagarde, President of the ECB, conducted by David Rubenstein, Bloomberg, on 13 September
14 September 2021
THE ECB BLOG
Blog post by Isabel Schnabel, Member of the Executive Board of the ECB
English
OTHER LANGUAGES (1) +
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13 September 2021
SPEECH
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, 148th Baden-Baden Entrepreneurs’ Talk
English
OTHER LANGUAGES (1) +
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Annexes
13 September 2021
SPEECH
English
OTHER LANGUAGES (1) +
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1 September 2021
INTERVIEW
Interview 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
English
OTHER LANGUAGES (1) +
Select your language
25 August 2021
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Balazs Koranyi and Frank Siebelt
21 August 2021
INTERVIEW
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Carla Neuhaus on 17 August and published on 20 August 2021
English
OTHER LANGUAGES (1) +
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29 July 2021
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Frank Wiebe and Jan Mallien
English
OTHER LANGUAGES (1) +
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29 July 2021
INTERVIEW
Interview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Federico Fubini
English
OTHER LANGUAGES (1) +
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23 July 2021
PRESS RELEASE
22 July 2021
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB,
Luis de Guindos, Vice-President of the ECB
14 July 2021
SPEECH
Speech 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
Annexes
14 July 2021
SPEECH
13 July 2021
INTERVIEW
Interview with Christine Lagarde, President of the ECB, conducted by Martin Arnold on 11 July 2021
10 July 2021
INTERVIEW
Interview 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
English
OTHER LANGUAGES (1) +
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3 July 2021
SPEECH
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Petersberger Sommerdialog
Annexes
3 July 2021
SPEECH
2 July 2021
INTERVIEW
Interview with Christine Lagarde, President of the ECB, conducted by Marie Cécile Berenger
English
OTHER LANGUAGES (1) +
Select your language
28 June 2021
SPEECH
Keynote 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”
English
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24 June 2021
RESEARCH BULLETIN - No. 85
Details
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
SPEECH
Introductory 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
17 June 2021
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Paul Gordon on 17 June 2021
14 June 2021
INTERVIEW
Interview with Christine Lagarde, President of the ECB, conducted by Johanna Treeck and Florian Eder on 11 June 2021 in Frankfurt
10 June 2021
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB,
Luis de Guindos, Vice-President of the ECB
2 June 2021
SPEECH
Speech by Christine Lagarde, President of the ECB, on the occasion of the awarding of the Prix Turgot 2021, Paris
English
OTHER LANGUAGES (1) +
Select your language
28 May 2021
INTERVIEW
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Balazs Koranyi, Frank Siebelt and Francesco Canepa
27 May 2021
SPEECH
Keynote speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the “VIII. New Paradigm Workshop”, organised by the Forum New Economy
Annexes
27 May 2021
SPEECH
26 May 2021
INTERVIEW
Interview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Jun Ishikawa
English
OTHER LANGUAGES (2) +
Select your language
10 May 2021
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Eric Albert and Marie Charrel
English
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5 May 2021
SPEECH
Speech by Philip R. Lane, Member of the Executive Board of the ECB, at the OMFIF virtual panel
3 May 2021
INTERVIEW
Interview with Luis de Guindos, conducted by Tonia Mastrobuoni on 27 April 2021
English
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29 April 2021
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Gabriel Mellqvist on 29 April 2021
26 April 2021
SPEECH
Welcome 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 RELEASE
22 April 2021
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB,
Luis de Guindos, Vice-President of the ECB
14 April 2021
SPEECH
Introductory remarks by Luis de Guindos, Vice-President of the ECB, at the ECON Committee of the European Parliament (by videoconference)
11 April 2021
INTERVIEW
Interview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Luis Doncel and published on 11 April 2021
English
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9 April 2021
INTERVIEW
Interview 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
English
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1 April 2021
THE ECB BLOG
Blog post by Philip R. Lane, Member of the Executive Board of the ECB
22 March 2021
THE ECB BLOG
Blog post by Christine Lagarde, President of the ECB
17 March 2021
INTERVIEW
Interview on Twitter with Frank Elderson, Member of the Executive Board of the ECB, conducted and published on 16 March 2021
16 March 2021
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Martin Arnold
11 March 2021
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB,
Luis de Guindos, Vice-President of the ECB
2 March 2021
SPEECH
Speech by Fabio Panetta, Member of the Executive Board of the ECB, at an online event organised by Bocconi University
English
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2 March 2021
INTERVIEW
Interview with Luis de Guindos, Vice-President of the European Central Bank (ECB), conducted by Sérgio Aníbal
English
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26 February 2021
SPEECH
Keynote 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”
Annexes
26 February 2021
SPEECH
26 February 2021
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Andrés Stumpf on 22 February
English
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25 February 2021
SPEECH
Speech by Philip R. Lane, Member of the Executive Board of the ECB, at Comissão do Mercado de Valores Mobiliários
31 January 2021
INTERVIEW
Interview 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
English
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31 January 2021
INTERVIEW
Interview 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 RELEASE
Related
12 January 2021
INTERVIEW
Interview 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
English
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16 December 2020
SPEECH
Speech 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)
English
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Annexes
16 December 2020
SPEECH
English
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14 December 2020
SPEECH
Speech by Fabio Panetta, Member of the Executive Board of the ECB, at the Rome Investment Forum 2020
English
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10 December 2020
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB
2 December 2020
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Balázs Korányi on 1 December 2020
1 December 2020
INTERVIEW
Interview 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
SPEECH
Speech 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
Annexes
24 November 2020
SPEECH
17 November 2020
INTERVIEW
Interview 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
INTERVIEW
Interview 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
SPEECH
Transcript 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
INTERVIEW
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Jan Mallien and Frank Wiebe
English
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30 October 2020
PRESS RELEASE
Related
29 October 2020
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB
20 October 2020
THE ECB BLOG
Blog post by Isabel Schnabel, Member of the Executive Board of the ECB
19 October 2020
SPEECH
Introductory 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
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Tom Fairless on 8 October
7 October 2020
INTERVIEW
Interview with Christine Lagarde, President of the ECB
6 October 2020
SPEECH
Speech 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
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Luke Heighton on 29 September 2020
30 September 2020
SPEECH
Speech by Christine Lagarde, President of the ECB, at the “ECB and Its Watchers XXI” conference
28 September 2020
SPEECH
Introductory 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
INTERVIEW
Interview on Twitter with Philip R. Lane, Member of the Executive Board of the ECB, conducted on 24 September 2020
22 September 2020
SPEECH
Speech by Fabio Panetta, Member of the Executive Board of the ECB, at the meeting of the ECB Money Market Contact Group
20 September 2020
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Jesús Rivasés on 14 September 2020
English
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16 September 2020
INTERVIEW
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Jean-Philippe Lacour
English
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13 September 2020
SPEECH
Contribution 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
SPEECH
Speech 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?”
Annexes
11 September 2020
SPEECH
11 September 2020
THE ECB BLOG
Blog post by Philip R. Lane, Member of the Executive Board of the ECB
10 September 2020
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 10 September 2020
31 August 2020
INTERVIEW
Interview 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
SPEECH
Speech 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
INTERVIEW
Interview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Tonia Mastrobuoni and published on 27 July 2020
English
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21 July 2020
INTERVIEW
Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Andrés Stumpf on 16 July and published on 21 July 2020
English
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17 July 2020
PRESS RELEASE
16 July 2020
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 16 July 2020
13 July 2020
INTERVIEW
Transcript 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
English
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8 July 2020
INTERVIEW
Video 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
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Balázs Korányi, Francesco Canepa and Frank Siebelt
1 July 2020
SPEECH
Keynote speech by Fabio Panetta at a Capital Markets webinar organised by the European Investment Bank and the European Stability Mechanism
Annexes
1 July 2020
ANNEX
28 June 2020
THE ECB BLOG
Blog post by Isabel Schnabel, Member of the Executive Board of the ECB, in Welt am Sonntag
English
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14 June 2020
INTERVIEW
Interview with Luis de Guindos, Vice-President of the ECB, conducted by María Jesús Pérez on 9 June 2020 and published on 14 June 2020
English
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11 June 2020
INTERVIEW
Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Isabella Bufacchi on 8 June
10 June 2020
SPEECH
Remarks by Isabel Schnabel, Member of the Executive Board of the ECB, at an online seminar hosted by the Florence School of Banking & Finance
Annexes
10 June 2020
SPEECH
10 June 2020
PRESS RELEASE
9 June 2020
INTERVIEW
Interview on Twitter with Isabel Schnabel, Member of the Executive Board of the ECB, conducted and published on 9 June 2020
8 June 2020
SPEECH
Introductory statement by Christine Lagarde, President of the ECB, at the ECON committee of the European Parliament (by videoconference)
Annexes
5 June 2020
THE ECB BLOG
Blog post by Philip R. Lane, Member of the Executive Board of the ECB
4 June 2020
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 4 June 2020
22 May 2020
SPEECH
Speech 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
INTERVIEW
Interview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Andras Szigetvari on 6 May and published on 14 May 2020
English
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4 May 2020
PRESS RELEASE
30 April 2020
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 30 April 2020
12 March 2020
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 12 March 2020
27 February 2020
SPEECH
Dinner remarks by Philip R. Lane, Member of the Executive Board of the ECB, at the Centre for European Reform
27 February 2020
SPEECH
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Barclays International Monetary Policy Forum
21 February 2020
SPEECH
Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at the 2020 US Monetary Policy Forum
14 February 2020
INTERVIEW
Interview 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
SPEECH
Keynote 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)
English
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11 February 2020
SPEECH
Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Juristische Studiengesellschaft
English
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Annexes
11 February 2020
SPEECH
6 February 2020
SPEECH
Introductory statement by Christine Lagarde, President of the ECB, at the ECON committee of the European Parliament
2 February 2020
INTERVIEW
Interview 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
SPEECH
Keynote 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
INTERVIEW
Interview with Christine Lagarde, President of the ECB, conducted by Francine Lacqua and broadcast on 24 January
24 January 2020
PRESS RELEASE
23 January 2020
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 23 January 2020
9 January 2020
SPEECH
Presentation 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
SPEECH
Speech 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
MONETARY POLICY STATEMENT
Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 12 December 2019
28 November 2019
SPEECH
Remarks by Philip R. Lane, Member of the Executive Board of the ECB, at the National Treasury Management Agency
28 November 2019
SPEECH
Remarks by Benoît Cœuré, Member of the Executive Board of the ECB, at the PSE job forum, Paris School of Economics
24 October 2019
MONETARY POLICY STATEMENT
Mario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 24 October 2019
16 October 2019
SPEECH
Presentation by Philip R. Lane, Member of the Executive Board of the ECB, at Brookings Institution in Washington DC
24 September 2019
SPEECH
Speech by Luis de Guindos, Vice-President of the ECB, at the ECB conference “Inflation in a changing economic environment”
16 September 2019
SPEECH
Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at Bloomberg, London, 16 September 2019
Annexes
16 September 2019
SPEECH
12 September 2019
MONETARY POLICY STATEMENT
Mario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 12 September 2019
4 September 2019
SPEECH
Keynote 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
SPEECH
Intervention 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
MONETARY POLICY STATEMENT
Mario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 25 July 2019
11 July 2019
SPEECH
Speech 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
Annexes
11 July 2019
SPEECH
1 July 2019
SPEECH
Speech 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
SPEECH
Speech by Yves Mersch, Member of the Executive Board of the ECB, at the Petersberger Sommerdialog, Königswinter, 29 June 2019
English
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18 June 2019
SPEECH
Speech by Mario Draghi, President of the ECB, ECB Forum on Central Banking, Sintra, 18 June 2019
10 June 2019
SPEECH
Remarks 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
MONETARY POLICY STATEMENT
Mario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Vilnius, 6 June 2019
16 May 2019
SPEECH
Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the 21st Geneva Conference on the World Economy, 16 May 2019
Annexes
16 May 2019
SPEECH
12 April 2019
SPEECH
Statement 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
MONETARY POLICY STATEMENT
Mario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 10 April 2019
29 March 2019
SPEECH
Speech 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
Annexes
29 March 2019
SPEECH
27 March 2019
SPEECH
Remarks 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
SPEECH
Speech 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
SPEECH
Remarks 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
MONETARY POLICY STATEMENT
Mario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 7 March 2019
20 February 2019
SPEECH
Presentation 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
MONETARY POLICY STATEMENT
Mario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 24 January 2019
13 December 2018
MONETARY POLICY STATEMENT
Mario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 13 December 2018
26 November 2018
SPEECH
Speech 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
SPEECH
Speech by Mario Draghi, President of the ECB, Frankfurt European Banking Congress, Frankfurt am Main, 16 November 2018
13 November 2018
SPEECH
Speech by Peter Praet, Member of the Executive Board of the ECB, at the UBS Conference, London, 13 November 2018
8 November 2018
SPEECH
Speech 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
MONETARY POLICY STATEMENT
Mario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 25 October 2018
20 September 2018
SPEECH
Speech 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
SPEECH
Presentation 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
MONETARY POLICY STATEMENT
26 July 2018
MONETARY POLICY STATEMENT
Mario Draghi, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 26 July 2018
9 July 2018
SPEECH
Introductory Statement by Mario Draghi, President of the ECB, at the ECON committee of the European Parliament, Brussels, 9 July 2018
Annexes
3 July 2018
SPEECH
Keynote speech by Peter Praet, Member of the Executive Board of the ECB, at Banca Naţională a României, Bucharest, 3 July 2018
19 June 2018
SPEECH
Speech by Mario Draghi, President of the ECB, ECB Forum on Central Banking, Sintra, 19 June 2018
14 June 2018
MONETARY POLICY STATEMENT
29 May 2018
SPEECH
Speech 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
MONETARY POLICY STATEMENT
Mario Draghi, President of the ECB, Vítor Constâncio, Vice-President of the ECB, Frankfurt am Main, 26 April 2018
11 April 2018
SPEECH
Introductory remarks and Q&A with Mario Draghi, President of the ECB, Frankfurt, 11 April 2018
14 March 2018
SPEECH
Speech 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
SPEECH
Speech 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
MONETARY POLICY STATEMENT
Mario Draghi, President of the ECB, Vítor Constâncio, Vice-President of the ECB, Frankfurt am Main, 8 March 2018
26 February 2018
SPEECH
Introductory Statement by Mario Draghi, President of the ECB, at the ECON committee of the European Parliament, Brussels, 26 February 2018
Annexes
15 February 2018
SPEECH
Presentation 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
SPEECH
Speech 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
MONETARY POLICY STATEMENT
Mario Draghi, President of the ECB, Vítor Constâncio, Vice-President of the ECB, Frankfurt am Main, 25 January 2018