Focus
Based on its regular economic and monetary
analyses, the Governing Council decided at
its meeting on 12 January 2012 to keep the
key ECB interest rates unchanged, following
the 25 basis point decreases on 3 November
and 8 December 2011. The information that
has become available since early December
broadly confi rms the previous assessment of the
Governing Council. Infl ation is likely to stay
above 2% for several months to come, before
declining to below 2%. At the same time, the
underlying pace of monetary expansion remains
moderate. As expected, ongoing fi nancial
market tensions continue to dampen economic
activity in the euro area, while, according to
some recent survey indicators, there are tentative
signs of a stabilisation in activity at low levels.
Focus
European Central Bank Monthly Bulletin
Based on its regular economic and monetary
analyses, the Governing Council decided at
its meeting on 12 January 2012 to keep the
key ECB interest rates unchanged, following
the 25 basis point decreases on 3 November
and 8 December 2011. The information that
has become available since early December
broadly confi rms the previous assessment of the
Governing Council. Infl ation is likely to stay
above 2% for several months to come, before
declining to below 2%. At the same time, the
underlying pace of monetary expansion remains
moderate. As expected, ongoing fi nancial
market tensions continue to dampen economic
activity in the euro area, while, according to
some recent survey indicators, there are tentative
signs of a stabilisation in activity at low levels.
European Central Bank Monthly Bulletin
Based on its regular economic and monetary analyses, the Governing Council decided at its meeting on 8 December 2011 to lower the key ECB interest rates by 25 basis points, following the 25 basis point decrease on 3 November 2011. Infl ation is likely to stay above 2% for several months to come, before declining to below 2%.
European Central Bank Monthly Bulletin
Based on its regular economic and monetary analyses, the Governing Council decided at its meeting on 6 October 2011 to keep the key ECB interest rates unchanged. Infl ation has remained elevated and incoming information has confi rmed that infl ation is likely to stay above 2% over the months ahead, but to decline thereafter. At the same time, the underlying pace of monetary expansion continues to be moderate.
European Central Bank Monthly Bulletin
Based on its regular economic and monetary analyses, the Governing Council decided at its meeting on 4 August 2011 to keep the key ECB interest rates unchanged, following the 25 basis point increase on 7 July 2011.
European Central Bank Monthly Bulletin
Based on its regular economic and monetary analyses, the Governing Council decided at its meeting on 7 July 2011 to increase the key ECB interest rates by 25 basis points, after raising rates by 25 basis points in April 2011 from historically low levels. The further adjustment of the current accommodative monetary policy stance is warranted in the light of upside risks to price stability. The underlying pace of monetary expansion is continuing to gradually recover, while monetary liquidity remains ample with the potential to accommodate price pressures in the euro area.
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