Blog
The gift that keeps on giving: Banks’ windfall profits as a consequence of ECB rate hikes
Uuriintuya Batsaikhan and Jan Musschoot | 14 December 2022
The ECB is expected to pay around €40 billion in net interest income to banks on the overnight deposits that they keep with the central bank. This estimated figure will jump to €53.7 billion if the EC …
High interest rates are a threat to the green transition
Uuriintuya Batsaikhan | 7 December 2022
To reach net zero by 2050, the EU’s investment efforts are focused on two main areas: renewable energy and energy efficiency. The urgency for action has increased immensely given the current energy cr …
How monetary policy fuels housing inequality
Jordi Schröder Bosch | 6 October 2022
Extensive research shows that the past decade of low-rates monetary policy has significantly contributed to rising house prices, thus fuelling a self-propagating mechanism of wealth inequality and dec …
Unlocking home renovation in Europe
Positive Money Europe | 29 September 2022
As bills rise, the planet gets hotter, and the energy crisis rages, fuelled by foreign fossil fuel exports, it’s clear that we cannot continue to burn fossil fuels as we do now. In the European Union …
The ECB doubles down on misguided interest rate hike
Marc Beckmann | 8 September 2022
The European Central Bank decided to raise interest rates, in an attempt to show its determination to fight inflation. However this decision is based on shaky justifications, which are likely to cause …