European Central Bank
There is little information on how the Eurosystem’s transition to quantitative tightening impacts financing conditions. #TheECBBlog investigates how strongly the shrinking balance sheet affects long-term interest rates https://t.co/S3a47BxNiU https://t.co/EpjNH6usZq
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European Central Bank
We need a resilient financial sector to achieve a carbon-neutral EU by 2050, writes Vice-President Luis de Guindos in #TheECBBlog. We tested how resilient banks, investment funds and insurers are to stresses arising during the green transition.
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European Central Bank
The European Commission has requested opinions on macroprudential policies for the financial sector beyond banks. #TheECBBlog outlines what this approach should look like and stresses the importance of strengthening the current policy framework to ensure financial stability.
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European Central Bank
Though overall inflation has come down a lot, domestic inflation remains stubbornly high, which is typical for monetary policy tightening cycles. To understand why, #TheECBBlog looks at how monetary policy is transmitted via wages, profits and productivity.
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European Central Bank
When returns on safe assets fall, investors move some of their money to riskier assets. #TheECBBlog shows: US Treasuries are replaced by global bonds, while German Bunds substitutes are mostly from Europe.
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European Central Bank
The rise of working-from-home dramatically changed the way we organise work. And teleworking is transforming more than just our professional lives: #TheECBBlog looks at how this shift is affecting the housing market and inequality.
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European Central Bank
Central banks project future developments based on data patterns of the past and a set of assumptions. Crises can change structures, complicating this forecasting.

#TheECBBlog explains how scenario, risk and sensitivity analyses address the new uncertainty.
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European Central Bank
The monetary policies of the ECB and the US Federal Reserve are not always in sync. But how does the Fed’s policy affect the euro area economy? #TheECBBlog looks at how monetary policy in the United States travels across the Atlantic.
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European Central Bank
At the heart of the euro area’s competitiveness challenges lies weak productivity growth. #TheECBBlog looks at how this makes it more difficult to carry out monetary policy.
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European Central Bank
AI adoption requires enormous amounts of electricity. And so does greening the economy. Are the digital and green transitions clashing or can they be successfully achieved together? #TheECBBlog takes a closer look.
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European Central Bank
Institutional investors are buying up residential real estate across Europe. This pushes up housing prices and amplifies monetary policy changes, as #TheECBBlog shows.
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European Central Bank
Military and diplomatic conflicts harm economic growth. #TheECBBlog shows that the expected length of wars matters for how strongly they weigh on consumer sentiment.
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European Central Bank
Central banks usually seek to align very short-term interest rates in the money market with their own policy rate.

#TheECBBlog shows that monetary policy is more effective if market fluctuations are small.
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European Central Bank
One year after its announcement, the new operational framework is working as intended as the Eurosystem's balance sheet normalises. #TheECBBlog assesses how banks and money markets have adjusted to the new environment.
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European Central Bank
How might European consumers react to US trade tariffs? The #TheECBBlog uses Consumer Expectations Survey data to investigate. It finds that many consumers are very willing to switch away from US products – and are not just motivated by price concerns, but shifting preferences.
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European Central Bank
Lasting high energy prices are putting pressure on industries all across Europe. This is hitting some regions, such as southern Germany, the Ruhr and northern Italy, harder than others. #TheECBBlog examines the implications for employment.
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European Central Bank
Foreign workers play an increasingly important role in the euro area labour markets. #TheECBBlog finds that the influx of foreign workers has secured robust economic growth in recent years.
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European Central Bank
Geopolitical tensions and trade policy uncertainty are injecting unpredictability into global financial markets. #TheECBBlog presents a new risk appetite indicator to systematically track such shifts in market sentiment.
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