European Central Bank
Consumer uncertainty shapes spending and saving behavior
The European Central Bank's Consumer Expectations Survey (CES) offers unique insights into how perceptions of economic uncertainty influence household spending and saving decisions.
Focus
ECB maintains key interest rates amid stable inflation outlook
The European Central Bank's Governing Council decided on 5 February 2026 to keep its three key interest rates unchanged.
New method estimates time-varying liquidity elasticity of euro rates
The European Central Bank has introduced a new method to estimate the time-varying elasticity of euro money market rates to excess liquidity.
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Schnabel warns of fiscal strain from global shifts and ageing
ECB Executive Board member Isabel Schnabel outlined the significant fiscal challenges facing the euro area, driven by geopolitical uncertainty and demographic shifts.
US tariffs trigger limited Chinese trade diversion to ASEAN and Africa
A new ECB study finds that US tariffs introduced in 2025 led to a decline in Chinese exports to the United States.
Digital euro pilot set for mid-2027, issuance targeted for 2029
Piero Cipollone, Member of the Executive Board of the ECB, outlined the progress of the digital euro project.
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Digital euro accessibility: ECB partners with ONCE Foundation
The European Central Bank (ECB) and the ONCE Foundation have signed a collaboration agreement to ensure the digital euro app is easily accessible for everyone.
Elderson's term as Supervisory Board Vice-Chair extended
The European Central Bank welcomes the Council of the European Union's decision to extend Frank Elderson's mandate as Vice-Chair of the Supervisory Board.
Macroeconomic conditions and policy shifts drive euro area housing investment
Euro area housing investment has bottomed out but a sustained recovery is yet to emerge, declining 0.2 percent in the third quarter of 2025.
New Bayesian method improves IV regressions with weak instruments
Standard statistical methods often fail in instrumental variable (IV) regressions with weak instruments, producing misleading results.
High electricity prices hinder EU decarbonization and competitiveness
Elevated electricity prices pose a significant challenge to the European Union's decarbonization strategy and the competitiveness of its energy-intensive industries.
Minimal stigma costs impede capital buffer usability
A new European Central Bank working paper reveals that even very low stigma costs prevent banks from fully utilizing regulatory capital buffers.