Publications

Here are all of our publications listed chronologically. You can also find the publications relating to single geography under “Publications by geography” or narrow down your search using the “Advanced filter”.

Latest publications on communication interest rates

Europe | ECB in wait-and-see mode

February 5, 2026

The ECB kept rates unchanged and appeared comfortable with the current level. Lagarde noted that the euro’s appreciation and the recent dip in inflation were no surprise, shifting the focus toward economic resilience and longer-term issues.

Europe | Rates steady, growth revised up

December 18, 2025

Despite slightly higher growth and inflation forecasts, Lagarde struck a cautious tone, stressing high uncertainty and avoiding forward guidance. The ECB is watching services inflation and wages and starting to assess AI’s impact. Barring surprises, a prolonged pause with the deposit rate at 2% through 2027 looks likely.

Europe | ECB comfortable at 2%

September 11, 2025

The ECB kept rates unchanged and, with Lagarde’s slightly hawkish tone, reinforced the view that current levels likely mark the end of the cycle. The new projections point to more balanced risks, supported by the US–EU trade agreement.

Analyzing the impact of monetary policy on financial markets in Chile

August 19, 2016

During the past few years, monetary policy communication has become a hot topic in as far as it seems to have become a very relevant way for central banks to guide markets, beyond actual monetary policy decisions.

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