Monetary policy statement and projections · Euro Area
Euro Area ECB Staff Macroeconomic Projections
The Euro Area ECB Staff Macroeconomic Projections is the European Central Bank's statement or report explaining its policy decision, often with its own forecasts for growth, inflation and interest rates.
- חשיבות
- High
- מטבע
- EUR · euro
- בנק מרכזי
- The European Central Bank
הנתונים האחרונים
עדיין לא מוצגות תוצאות של הפרסום הזה. הן יופיעו כאן מיד עם פרסומן.
למה זה חשוב
The words and the forecasts tell markets where the deposit facility rate (with the main refinancing rate) is likely to go next. A central bank that raises its inflation forecasts or signals more hikes (the Fed's "dot plot" of rate projections, for example) can move the euro and bond yields more than the decision itself.
איך זה מחושב
There is no single figure; the report contains the committee's projections (often the median of its members' views) and its assessment of the economy.
מה המשמעות של שינויים
- Compare the new projections with the previous ones: the revision is the news.
- Changes of a few words in the statement are often deliberate signals.
גבוה מהצפוי: Higher inflation or rate projections than expected tend to lift the euro and bond yields.
נמוך מהצפוי: Lower projections than expected tend to weaken the euro and lower bond yields.
היסטוריה קצרה
Central banks began to publish forecasts and statements as part of inflation targeting from the 1990s (the Bank of England's Inflation Report from 1993); the Fed's dot plot started in 2012.
שאלות
What is the Euro Area ECB Staff Macroeconomic Projections?
The Euro Area ECB Staff Macroeconomic Projections is the European Central Bank's statement or report explaining its policy decision, often with its own forecasts for growth, inflation and interest rates.
תוכן לימודי בלבד, לא ייעוץ השקעות. הנתונים הם התוצאות שפורסמו כפי שנרשמו ביומן שלנו; תגובות השוק המתוארות אופייניות, לא מובטחות.