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Topic

ECB monetary policy

Interest-rate and balance-sheet decisions for the euro area, set by the European Central Bank against a 2% medium-term inflation target.

Current stories

investOne report1 publisher

Repaid loans account for most of the ECB's 3.79 trillion euro balance-sheet retreat

ECB holdings of QE bonds and loans fell by 95 billion euros in the third quarter, leaving them 53% below their mid-2022 peak. Most of that retreat is repaid loans, so the central bank still owns two-thirds of its peak bond book as euro-area yields rise.

Publishers:wolfstreet.com

Reality

Evidence60
Adoption
Not scored
Hype gap+25
Incentives
Not scored
Confidence55
investOne report1 publisher

Treasury's $6bn buyback retires 0.015 per cent of a $40 trillion debt stock

Brent topped $105 and the 10-year touched 4.902 per cent in the same session. The cash operation blamed for the yield move would cover about 1.5 basis points of annual interest on the debt it was meant to steady.

Publishers:en.sedaily.com

Reality

Evidence55
Adoption
Not scored
Hype gap+20
Incentives
Not scored
Confidence50
investOne report1 publisher

Panetta hangs euro-area rate policy on whether AI demand arrives before productivity

Fabio Panetta told a Kyiv conference that AI's demand effects and its productivity effects push inflation in opposite directions, and that the order they arrive in will shape ECB rates for years. He also called technology valuations overly optimistic.

Reality

Evidence42
Adoption
Not scored
Hype gap+28
Incentives62
Confidence45
investOne report1 publisher

ECB's Kazimir moves his inflation watch from oil to gas at four-year highs

The ECB's policy rate is already 2.5 percent, and one voting member now says the pressure is coming from gas and electricity, with futures putting roughly 60 percent odds on another quarter point on October 29.

Reality

Evidence42
Adoption30
Hype gap+35
Incentives60
Confidence48
investOne report1 publisher

Housing stocks fell five times as far as financials on a one-tenth-point PPI surprise

August wholesale prices ran 5.4% against a 5.3% forecast and the ten-year yield added 10.7 basis points. Housing and the private-market managers absorbed most of Thursday's selling while the banks barely moved.

Reality

Evidence48
Adoption
Not scored
Hype gap+15
Incentives58
Confidence52