Monetary policy and (dis)inflation: a Euro Area perspective

Analyses

This article is based on an extensive study of how monetary policy responded to the sharp euro area inflation surge of 2021–2024 and contributed to the subsequent disinflation. It examines the role of ECB credibility, inflation expectations and the monetary policy stance in the recent disinflation, and draws lessons for policy in a more volatile and uncertain environment.

Gepubliceerd: 03 juni 2026