European Central Bank
ECBPaper
Euro area GDP growth dispersion declines, demographics key
Dispersion in real GDP growth across euro area countries has recently declined to a historically low level.
Focus
ECBPaper
Tariffs boost overall FDI, deter manufacturing investment
A new European Central Bank article reveals that while tariffs generally increase greenfield foreign direct investment, they can deter manufacturing FDI.
ECBPaper
War intensifies inflation, growth risks; ECB holds rates
The ECB Governing Council kept its three key interest rates unchanged at its April 30, 2026 meeting.
Latest
ECBSpeech
Lagarde urges courage for enduring European institutions
ECB President Christine Lagarde, speaking at the Charlemagne Prize ceremony, urged European leaders to show courage in building enduring institutions.
ECBSpeech
Lane: Global energy shocks hit euro area growth, inflation
Philip R. Lane, Member of the Executive Board of the ECB, outlined analysis on energy supply shocks and their implications for monetary policy.
ECBDecoder
Later retirement drives euro area employment growth
Older workers are significantly contributing to employment growth in the euro area.
More Topics
ECBPaper
Older workers, migrants drive euro area labor force expansion
The euro area labour force has expanded significantly in recent years, driven by rising participation rates, demographic shifts, and sustained net migration.
ECBPaper
Biodiversity risk raises bank loan spreads, ECB study finds
A new European Central Bank (ECB) working paper finds that banks incorporate firm-level biodiversity risk into their lending decisions, leading to significantly higher loan spreads for borrowers with greater exposure.
ECBPaper
ECB: Judgement shapes bank capital, smooths SREP scores
A new European Central Bank working paper finds that supervisory judgement significantly influences banks' overall SREP scores and Pillar 2 capital requirements.
ECBPaper
Supply chain uncertainty amplifies energy inflation, challenges policy
A new ECB working paper finds that energy price pass-through to inflation is significantly stronger when supply chain uncertainty is elevated.
ECBPaper
Wildfire cashflow shocks hit firms, trigger distinct financial responses
A new ECB working paper studies the impact of Portugal's 2017 wildfires on hotel cashflows and financial decisions.
ECBSpeech
Elderson: Deeper integration key to European prosperity
Frank Elderson, Member of the Executive Board of the European Central Bank, advocated for deeper European integration to overcome fragmentation and boost prosperity.