European Central Bank
Assigning macroprudential tools to tame house price booms
A new European Central Bank study examines how macroprudential authorities can best assign policy instruments to objectives during housing market booms.
Focus
Geoeconomic shock elevates financial stability risks
The European Central Bank's Financial Stability Review identifies elevated financial stability vulnerabilities as a geoeconomic shock unfolds.
Lane: Inflation outlook uncertain, policy response open
ECB Executive Board Member Philip R. Lane discussed the euro area's inflation outlook and potential monetary policy responses in an interview with Nikkei.
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Sequential deep learning for non-linear DSGE models
A new sequential deep learning algorithm solves dynamic stochastic general equilibrium (DSGE) models.
Carbon pricing causes employment decline, especially in polluting jobs
An ECB Working Paper estimates that a 1% increase in EU-ETS carbon prices leads to a 0.2% decline in aggregate employment after 18 months.
Middle East war shifts euro area firms' expectations
A recent ECB survey indicates that the war between the United States and Iran has immediately increased euro area firms' expectations for input costs, selling prices, and short-term inflation.
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Private credit stress: limited direct euro area exposure
Recent stress in global private credit markets, particularly in the US, has raised concerns about financial stability risks.
Schnabel signals June rate hike amid persistent inflation
ECB Executive Board Member Isabel Schnabel stated that a rate hike in June 2026 will likely be needed.
ECB approves stability report, revises payment system fees
The European Central Bank's Governing Council approved the May 2026 Financial Stability Review and a revised T2/Real-Time Gross Settlement (RTGS) pricing policy.
Quality review of euro area external statistics
The European Central Bank has published its biennial Quality Report, reviewing the quality of euro area and national balance of payments, international investment position, and international reserves statistics.
Global economic shifts challenge Europe, shape ECB policy
ECB Executive Board Member Philip R. Lane discussed Europe's evolving role in the global economy at the Asian Monetary Policy Forum.
AI architecture shapes financial stability outcomes
A new ECB research bulletin finds that the design of artificial intelligence algorithms fundamentally influences financial stability.