ECB Watch

This section of the Euro-Zone’s political Economy Monitor and Analysis is concerned with variables either controlled by, or most relevant to, the European Central Bank. As the monetary authority of the Euro-Zone, it wields tremendous power and influence, a fact compounded  by the absence of a united and coherent fiscal counterpart similar to the United States Treasury/White House.

Under this section you can find charts describing:

• The Balance Sheet of the ECB
  • The MRO’s and the LTRO’s Rates and Volumes
  • Overnight ECB Facilities – Rates and Volumes
  • The SMP and Sovereign Bond Market developments
  • The CBPP and Covered Bond Market developments

• Market Conditions
  • Interbanking and ECB Rates
  • Balance Sheet of Market Participants
  • Monetary Aggregates

If you are interested in understanding monetary conditions and developments of the Euro-Zone, you may also be interested in considering its inflation, GDP growth and Unemployment.