Politica Monetaria

Labour productivity growth in the euro area and the United States: short and long-term developments
1 anno fa

Between the fourth quarter of 2019 and the second quarter of 2024 labour productivity per hour worked increased by 0.9% in the euro area, whereas it increased by 6.7% in the United States. Labour productivity growth in the euro area has historically lagged ...more »
Past and future challenges for the external competitiveness of the euro area
1 anno fa

Euro area exporters have been going through a difficult period since the pandemic and have lost competitiveness in global trade. Over the past two decades, the euro area has experienced a gradual decline in its market share in global trade. This downward trend is not unique to the ...more »
Interview with Piero Cipollone, Member of the Executive Board of the ECB, conducted by Eric Albert
1 anno fa

Growth in the eurozone is sluggish, the German economy is contracting and inflation has been below 3% for six months. Are you not worried that you might stifle economic growth by keeping interest rates too high for too ...more »
Banca d’Italia: Comunicato stampa – Prima riunione del Comitato per le politiche macroprudenziali
1 anno fa

Con il D.lgs. n. 207 del 7 dicembre 2023 è stato istituito il Comitato per le politiche macroprudenziali. Il decreto dà attuazione a una raccomandazione del Comitato europeo per il rischio sistemico (European Systemic Risk Board, ESRB), ...more »
Keynote speech di Fabio Panetta alla 3a Conferenza su International Monetary Policy della Bank of Finland
1 anno fa

We are at a turning point in the European monetary policy cycle. In June, the GoverningCouncil decided to cut the key ECB interest rates by 25 basis points after holding themat high levels for nine months. Turning points inevitably attract attention, and ...more »
Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)
1 anno fa

On 5 June 2024 the Governing Council authorised the publication of the second ECB report on the climate-related financial disclosures of Eurosystem assets held for monetary policy purposes and the ECB’s foreign ...more »
ECB Consumer Expectations Survey results – April 2024
1 anno fa

Compared with March 2024: median consumer inflation perceptions over the previous 12 months were unchanged, while median inflation expectations for the next 12 months and for three years ahead both edged down; expectations for nominal income growth and nominal spending growth over the next 12 ...more »
Cambi di riferimento del 21 maggio 2024
1 anno fa

Cambi di riferimento delle ore 14,10 del giorno 21/05/2024 Rilevati secondo le procedure stabilite nell'ambito del Sistema europeo delle banche centrali. https://www.bancaditalia.it/compiti/operazioni-cambi/cambio/cambi_rif_20240521/?com.dotmarketing.htmlpage.language=102&dotcache=refresh
Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)
1 anno fa

On 16 April 2024 the Governing Council adopted Decision ECB/2024/11 on the remuneration of non-monetary policy deposits held with national central banks and the European Central Bank, under which the remuneration ceiling for euro area overnight government ...more »