European Central Bank
Euro area firms face tighter bank lending, rising rates in Q4 2025
Euro area firms reported a further tightening of bank lending conditions and higher interest rates on bank loans in the fourth quarter of 2025.
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Euro area firms report tighter credit, stable inflation expectations
Euro area firms reported a net tightening in bank loan interest rates and other financing conditions during the fourth quarter of 2025.
ECB Consumer Survey shows mixed expectations for inflation, growth
The European Central Bank's Consumer Expectations Survey for December 2025 reveals mixed consumer outlooks, with inflation expectations for three and five years ahead increasing, while income growth expectations decreased.
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ECB paper identifies demand and supply as key drivers of euro area business expectations
A new European Central Bank working paper introduces a framework to analyze the drivers of business expectations in the euro area.
ECB research shows digital ties drive deposit rate spillovers
A new European Central Bank working paper finds that digital social ties transmit deposit rate shocks across banking markets.
ECB's Schnabel urges action to boost Europe's growth potential
Isabel Schnabel, Member of the Executive Board of the European Central Bank, delivered a speech on January 28, 2026, outlining strategies to foster economic growth in Europe.
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ECB's Elderson highlights bank resilience, outlines supervisory priorities
Frank Elderson, Vice-Chair of the ECB's Supervisory Board, affirmed that European banks have remained resilient through recent severe shocks.
ECB survey finds broadly stable credit terms in euro financing markets
The Eurosystem's December 2025 SESFOD survey reported broadly stable credit terms and conditions in euro-denominated securities financing and OTC derivatives markets.
ECB survey expects tighter credit for hedge funds in Q1 2026
The European Central Bank's December 2025 SESFOD survey indicates that credit terms and conditions are expected to tighten in the first quarter of 2026, particularly for hedge funds.
ECB's Cipollone highlights digital euro's strategic importance
Piero Cipollone, Member of the Executive Board of the European Central Bank, emphasized the strategic importance of the digital euro for European payment autonomy.
ECB marks Holocaust Remembrance Day with ceremony and Memorial Garden
The European Central Bank hosted a commemorative event on International Holocaust Remembrance Day on 27 January 2026 in Frankfurt.
ECB research finds small overall CBAM trade impact, large for specific products
A new working paper from the European Central Bank assesses the direct impact of the EU's Carbon Border Adjustment Mechanism (CBAM) on member states and trading partners.