European Central Bank
Schnabel urges central banks to put native reserves on-chain
European Central Bank Executive Board member Isabel Schnabel argued that central banks must issue programmable reserves natively on distributed ledgers.
Focus
Rates held steady as headline inflation eases to 2.8 percent
The European Central Bank kept its key interest rates unchanged at its July 2026 meeting following a rate increase in June.
Cipollone outlines Pontes rollout for tokenised asset settlement
European Central Bank Executive Board member Piero Cipollone announced on August 26, 2026, that the Eurosystem will launch its Pontes service this year.
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Workplace AI adoption doubles to 52 percent across euro area
The share of euro area workers using artificial intelligence on the job reached 52 percent in 2026, doubling from 26 percent in 2024.
Retail sentiment predicts next-day equity prices during downturns
An ECB working paper introduces the Reddit Retail Investor Sentiment Indicator, built from 8.5 million social media posts between 2015 and 2026.
Random forests reveal non-linear tail risks in bank stress tests
A machine learning framework using random forests improves corporate default predictions and reveals non-linear tail risks across European banks.
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Cipollone sees stagflation risk as remote amid resilient growth
ECB Executive Board member Piero Cipollone dismissed stagflation concerns following supply shocks, pointing to economic resilience and anchored inflation expectations.
Consumers lower inflation expectations to 2.9 percent
Euro area consumers trimmed their median 12-month inflation expectations to 2.9 percent in July from 3.0 percent in June.
Aggregate EU labour participation proves resilient to growth shocks
An ECB study finds the aggregate European labour force participation rate remains resilient to economic downturns, unlike in the United States.
Bond funding and fixed loan rates dampen policy rate pass-through
Euro area banks relying on bond issuance and fixed-rate lending adjust corporate loan rates significantly more slowly to policy rate shifts than money-market-dependent lenders, according to an ECB working paper covering 266 institutions from 2007 to 2023.
Lower import cap and labor gap refine euro area inflation gauges
European Central Bank economists have revised the methodologies for measuring euro area domestic and Supercore inflation under the new ECOICOP version 2 basket.
Lagarde urges market scale as Europe post-war growth model erodes
Speaking at the World Economic Forum on August 19, 2026, ECB President Christine Lagarde stated that Europe's post-war growth model is eroding.