European Central Bank
ECB blog dissects euro area yield curve steepening in 2025
The euro area yield curve steepened significantly in 2025 as long-term interest rates increased, an ECB blog post reports.
Focus
ECB concludes climate and nature plan, outlines new priorities
The European Central Bank (ECB) has concluded its 2024-2025 climate and nature plan, successfully embedding related risks into its day-to-day processes.
ECB's Lane expects euro area growth to strengthen, rates stable
Philip R. Lane, Member of the Executive Board of the European Central Bank, expects a stronger cyclical recovery in the euro area economy in 2026 and 2027.
Latest
Euro area household saving rate remains elevated amid income shifts
The euro area household saving rate rose from mid-2022 to mid-2024, stabilizing at an elevated 15.4 percent.
ECB maintains key rates, updates inflation and growth outlook
The European Central Bank's Governing Council decided to keep its three key interest rates unchanged at its December 18, 2025 meeting.
ECB strengthens climate analysis with enhanced data and models
The European Central Bank has strengthened its climate indicators, introducing new data on sustainable bonds, carbon intensity metrics, and physical risks.
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ECB reports continued decline in euro area excess liquidity, rates stable
The Eurosystem's excess liquidity in the euro area banking system continued its gradual decline from July to November 2025.
ECB study links labour hoarding to firms' future cost expectations
A new study from the European Central Bank (ECB) links firms' labour hoarding decisions to their expectations about future business conditions.
ECB research refines trade policy uncertainty measures
A new European Central Bank study highlights limitations of text-based trade policy uncertainty measures, proposing a refined indicator for more accurate macroeconomic analysis.
Bulgaria adopts the euro, becoming the 21st member of the euro area
Bulgaria officially adopted the euro on January 1, 2026, becoming the 21st member of the euro area following formal approval by the Council of the European Union on July 8, 2025.
ECB paper links bank credit shocks to firm investment dynamics
A new European Central Bank working paper investigates how credit supply shocks impact firm-level investment across the euro area.
ECB enhances short-term forecasting models for euro area activity
The European Central Bank has enhanced its short-term forecasting models for euro area economic activity.