European Central Bank
ECBPaper
Gas shocks shape euro area inflation expectations
An ECB working paper analyzes how natural gas market shocks influence euro area inflation expectations and actual inflation.
Focus
ECBSpeech
Financial integration crucial for Europe's prosperity
ECB Vice-President Luis de Guindos emphasized the strategic necessity of deepening financial integration in Europe.
ECBPaper
Physical climate risk raises bank credit risk, alters lending
A new ECB working paper finds that physical climate risk from floods persistently increases bank credit risk and temporarily alters lending activity.
Latest
ECBPaper
Q-learning, LLM investors pose new financial stability risks
A new ECB working paper finds that artificial intelligence investor behavior fundamentally alters financial fragility.
ECBDecoder
Digital banks: faster deposit, slower loan repricing
Digital banks adjust deposit pricing faster but loan pricing slower than traditional peers, reshaping monetary policy transmission.
ECBSpeech
New energy shock challenges euro area stability
ECB Executive Board member Piero Cipollone warned that a new energy shock, stemming from the war in Iran and the Middle East, poses significant risks to euro area economic stability.
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ECBNews
Wage tracker shows stable pressures through 2026
The European Central Bank's updated wage tracker indicates that negotiated wage growth is expected to remain stable at around 2.6 percent by the end of 2026.
ECBSpeech
Lane: Climate change impacts output, inflation, ECB policy
Philip R. Lane, Member of the Executive Board of the ECB, outlined how climate change and the green transition are impacting the euro area economy and the central bank's monetary policy.
ECBPaper
Proposals to strengthen non-bank financial regulation
The European Central Bank's Financial Stability Committee task force proposes strengthening macroprudential regulation for non-bank financial intermediation.
ECBSpeech
Lagarde: Climate, nature risks sharpen central bank analysis
ECB President Christine Lagarde opened a conference on climate, nature, and monetary policy, emphasizing the need for deeper central bank analysis.
ECBPaper
ECB cyber stress tests boost bank investment by 80 percent
The European Central Bank's 2024 Cyber Resilience Stress Test (CyRST) significantly increased cybersecurity investment among 'laggard' European banks.
ECBPaper
Network analysis reveals euro area financial links, bank centrality
A new European Central Bank working paper uses network analysis to map financial interconnections in the euro area economies.