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ECB signals beyond meetings: insights from 5,100 events
1st of August 2025
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ECB
Post No. 411. We track how markets reacted to over 5,000 communication events by Governing Council members. We find that communication between monetary policy meetings often moves markets as much as formal ECB decisions, and helps identify how monetary policy affects interest rate expectations, stock markets, inflation, and unemployment in the euro area.
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Economy
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Monthly Business Survey – Start of July 2025
9th of July 2025
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16th of September 2025
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19th of September 2025
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