European Central Bank
Euro area GDP growth revised down, inflation up by staff
Eurosystem staff have revised down their GDP growth projections for the euro area for 2026 and 2027, while significantly revising up headline inflation.
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Elderson: Deregulation is 'no-go', integration is key
ECB Executive Board Member Frank Elderson emphasized that deregulation is 'a no-go' for financial supervision, advocating instead for deeper European integration and smarter, not lighter, regulation.
IReF implementation milestones set: Pilot 2030, reporting 2031
The European Central Bank (ECB) announced the Eurosystem's main milestones for the Integrated Reporting Framework (IReF) programme, aiming to harmonise statistical reporting across euro area banks.
Lagarde: Organizational change key to women's leadership
ECB President Christine Lagarde called for organizational changes to widen the pipeline for women in leadership.
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Europe's money evolves: Digital euro and cash secure payment freedom
ECB Executive Board Member Piero Cipollone highlighted progress on the digital euro, emphasizing its role alongside cash in safeguarding payment freedom.
Elderson: AI reshapes cyber threats, demands bank resilience
ECB Executive Board Member Frank Elderson warned that advanced AI models are fundamentally altering the cyber threat landscape for banks.
FX forecasters show anti-herding, not consensus convergence
An ECB working paper finds mixed evidence of herding in foreign exchange rate forecasts, with results often pointing to anti-herding.
Fiscal policy effectiveness depends on networks, household MPCs
A new ECB working paper explores how sector-specific fiscal policy transmits through production networks with heterogeneous households.
Energy crises: Initial economic conditions shape inflation impact
The current energy shock, driven by the Middle East war and Strait of Hormuz closure, is impacting a more balanced euro area economy.
Vujčić: Euro's growth validates convergence framework
ECB Vice-President Boris Vujčić highlighted the euro's remarkable growth and resilience, emphasizing that the single currency's success validates Europe's rules-based convergence framework.