European Central Bank

European Central Bank latest publications

September 9, 2021

ECB sets stage for crucial December decision on bond purchases and other measures

As expected, the ECB announced a moderate slower pace of net asset purchases under the PEPP for next quarter, as compared to that in the previous two quarters. The decision was taken by unanimity by the Governing council on the back of favourable financing conditions and slightly better inflation outlook

April 22, 2021

ECB WATCH | Reaffirming March’s assessment and commitment

The ECB reaffirmed the assessment for the Euro Area macro-economic outlook put forth in March's meeting. The ECB left monetary policy as well as forward guidance unchanged, with President Lagarde striking a note of cautious optimism over the medium term outlook while being cognizant of near term downside risks.

March 11, 2021

ECB WATCH | The ECB amps up PEPP purchases to check yield rise

The ECB, as expected, left its benchmark interest rates and broader policy guidance unchanged, but surprised boldly by announcing a significant step up of asset purchases under the PEPP next quarter. The decision was a clear response to the recent increase in bond yields.

February 8, 2021

Europe | Elections and the economy

The European economy has begun the year immersed in a third wave of the pandemic which, although it is beginning to recede, will slow the recovery expected for this year.

January 21, 2021

ECB WATCH| On hold, with focus on preserving favourable financing conditions

Today’s wait and watch policy meeting suggests that the ECB will stay put in the short to medium-run regarding monetary policy, awaiting better clarity on the evolution of the pandemic, the recovery and financial conditions, while continuing to use the PEPP with high flexibility, preserving favourable financing conditions.

March 12, 2020

ECB WATCH | Considerable package without depo cut

The ECB announced a comprehensive package focused on new liquidity and additional asset purchases measures to support households and firms facing increasing uncertainty.

December 23, 2019

Agenda for digital currencies

Libra, Facebook's proposed global digital currency, has disappointed, with several partners abandoning the initiative and severe rejection by countless authorities on both sides of the Atlantic.

December 19, 2019

The Lagarde Strategy

There was much curiosity surrounding Christine Lagarde's first press conference following a meeting of the ECB's Governing Council. This was not so much over the tone of monetary policy—which followed the same lines as in Mario Draghi's era—but over how she would act in a fractured field where some did not welcome her.