Monetary Policy

Economic analysis is the process of combining economic data, models and expert judgment to understand current conditions and inform monetary-policy choices. It assesses how demand, supply, …

Economic analysis provides the evidence and interpretation needed to judge how the economy is evolving and how monetary-policy decisions may affect it. It covers current activity, …

Economic and Monetary Union (EMU) denotes the EU framework for coordinating national economic policies and operating a common monetary system, including the euro for the countries …

The effective lower bound (ELB) is the lowest level to which a central bank can reduce its policy rate before further cuts lose much of their …

Eligible assets are forms of collateral that counterparties may provide against credit supplied by the Eurosystem. Their use is subject to the conditions of the Eurosystem …

The equilibrium real interest rate, often termed the natural rate, is the inflation-adjusted policy rate compatible with balanced economic conditions: output is close to its sustainable …

Within ERM II, fluctuation margins specify the exchange-rate range around a participating currency’s agreed central rate against the euro. The margins are set jointly by the …

The euro is the common currency of the EU countries that belong to the euro area. It is used for payments within those countries and for …

The ECU was the European monetary system's composite unit of account before the third stage of Economic and Monetary Union. Its value derived from specified quantities …

The European Parliament is the EU’s elected parliamentary body and participates in the adoption of Union legislation, with its influence depending on the procedure applicable to …