Unlike the US, the euro area remains beset by price deflation.
ECB and Euro Area Economy Monitor
ECB and Euro Area Economy Monitor
Thursday, October 29, 2020
Germany's and France's new restrictions don't help, but Lagarde is promising her version of "whatever it takes" to keep the V-shaped recovery on life-support.
ECB and Euro Area Economy Monitor
Thursday, September 10, 2020
The ECB's massive interventions are clear now on all the banking charts -- and the eurozone economy is starting to mount a V-shaped recovery.
ECB and Euro Area Economy Monitor
Thursday, July 16, 2020
It shouldn't have taken a pandemic and a self-imposed recession to do it, but borrowing and lending in the euro zone is back!
ECB and Euro Area Economy Monitor
Thursday, June 4, 2020
The ECB's liquidity operations have arrived in size before some of the laggy data shows there's a problem!
ECB and Euro Area Economy Monitor
Thursday, April 30, 2020
We're going to have to come up with another word than "recovery." How about "train wreck"?
ECB and Euro Area Economy Monitor
Thursday, March 12, 2020
Euro area inflation expectations fall to a new all-time low, way worse than when Draghi said "Whatever it takes."
ECB and Euro Area Economy Monitor
Thursday, January 23, 2020
German stocks make all-time highs. Funny how the EU macro data never gets any better.
ECB and Euro Area Economy Monitor
Thursday, December 12, 2019
Euro QE restarts, and suddenly long-term yields aren't quite so negative.
ECB and Euro Area Economy Monitor
Thursday, October 24, 2019
Other than crashing inflation expectations, the data wouldn't seem to justify the negative bond yields.