This post by Niccolò Battistini and Johannes Gareis explores the ripple effects of the ECB’s recent monetary policy on housing affordability, housing sales and households’ home goods consumption.

The original post was published on 31 July 2025.
www.ecb.europa.eu/press/blog/date/2025/html/ecb.blog20250731...

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Release date:
31 July 2025

The ripple effects of monetary policy on housing and consumption

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Posts are authored by ECB staff and the audio versions are machine generated. The views expressed are those of the posts' authors and not necessarily those of the European Central Bank and the Eurosystem.