Jul 21, 2022 · The Governing Council today approved the Transmission Protection Instrument (TPI). The Governing Council assessed that the establishment of the TPI is necessary to …

In response, the Governing Council of the European Central Bank announced the Transmission Protection Instrument on 21 July 2022. This paper provides a legal and economic examination …

We argue that the TPI can at best be a first line of defence. Countries with strong fundamentals should be advised to “buy insurance” by using the European Stability Mechanism ( ESM) …

Jul 21, 2022 · The Governing Council’s new TPI will safeguard the smooth transmission of its monetary policy stance throughout the euro area. The President of the ECB will comment on …

The Transmission Protection Instrument is well crafted and stands to deliver on what the ECB needs: normalise monetary policy and avoid deepening interest spreads across the euro area. …

Jan 5, 2023 · The European Central Bank has announced a new facility, the Transmission Protection Instrument (TPI), to safeguard the monetary policy transmission mechanism (MTM). …

We decided to raise the three key ECB interest rates by 50 basis points and approved the Transmission Protection Instrument (TPI). The Governing Council judged that it is appropriate …

Jul 6, 2023 · The Transmission Protection Instrument (TPI) of the European Central Bank (ECB) fills a gap in the Economic and Monetary Union governance framework. It is designed to allow …

Der EZB-Rat hat am 21. Juli ein neues geldpolitisches Instrument beschlossen. Es nennt sich Transmission Protection Instrument (TPI). Es soll sicherstellen, dass die Geldpolitik …

The TPI will be an addition to our toolkit and can be activated to counter unwarranted, disorderly market dynamics that pose a serious threat to the transmission of monetary policy across the …