European Central Bank
Elderson says green transition curbs inflation and climate risk
Frank Elderson, Member of the ECB's Executive Board, highlighted how the green transition is crucial for mitigating inflation volatility and economic uncertainty.
Focus
Gulf supply disruptions threaten global growth and inflation
A new ECB blog post uses scenario-based analyses to show that supply shortages from Gulf trade disruptions can affect global growth and inflation beyond the direct impact on energy prices.
Lagarde sees policy return to basics, new global shocks
ECB President Christine Lagarde stated that monetary policy is returning to its fundamental principles, focusing on policy rates as the primary tool.
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Schnabel: Energy shock fuels inflation, higher rates expected
Isabel Schnabel, Member of the Executive Board of the European Central Bank, warned that the recent energy shock is pushing euro area inflation higher.
MIP statistics quality assessed by ESS-ESCB, areas for improvement
The 12th joint annual quality report by the European Statistical System (ESS) and the European System of Central Banks (ESCB) concludes that macroeconomic statistics underlying the Macroeconomic Imbalance Procedure (MIP) are fit for purpose.
Euro area inflation outlook improves for next 12 months
Euro area consumers expect inflation to decrease to 3.5 percent over the next 12 months, down from 4.0 percent in April.
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Cipollone outlines ECB digital money strategy
Piero Cipollone, Member of the Executive Board of the European Central Bank, presented the ECB's comprehensive payments strategy at the International Banking Federation Board Meeting on June 25, 2026.
US markets react to oil shocks: AI index quantifies impact
A new ECB analysis, based on an AI-powered index, examines how US financial markets react to geopolitical shocks disrupting global oil supply.
Restructuring data signals euro area labor market shifts
A new ECB Economic Bulletin box explores how media-reported firm-level restructuring announcements can provide timely signals of euro area labour market dynamics.
China imports cut euro area goods inflation by 0.27 pp
A new European Central Bank analysis reveals that declining prices of imports from China have significantly dampened euro area non-energy industrial goods inflation.
US tariffs, MNEs, AI shrink euro area surplus in 2025
The euro area current account surplus significantly narrowed in 2025, falling to 1.7 percent of GDP from 2.7 percent in 2024.
ECB raises key rates by 25bp amid Middle East war
The European Central Bank raised its three key interest rates by 25 basis points on June 11, 2026.