Lane opens the euro area outlook with energy assumptions
The ICMB lecture puts four projection vintages side by side and adds the futures curve from the day before, so the reader can see how much of the outlook is the assumption.
Euro
An ECB discussion paper asks what AI does to price discovery
Discussion Paper 32 surveys how AI changes information production, labour demand and intermediation in securities markets, and what that implies for efficiency, competition and financial stability.
ECB paper builds an inflation-risk gauge out of newspaper sentences
Working Paper 3288 counts whether press coverage blames inflation on demand or on supply, and relates that tally to inflation risk premia in the euro area and the United States.
Lane: a second energy wave keeps euro area inflation higher for longer
In an interview with Le Temps the ECB board member says the energy shock will last longer than assumed in March, with inflation falling back towards target from mid-2027.
The ECB explains why this energy shock reached bills differently
An Economic Bulletin box argues the 2026 energy shock is smaller than 2021-22, that renewables weakened the link from gas to power prices, and that retail pass-through itself has changed.