European Central Bank
ECB
Data
EU bank assets grow 3.6 percent to 34.33 trillion euros
Total assets of EU credit institutions grew by 3.63 percent year on year to 34.33 trillion euros at the end of March 2026.
Focus
ECB
Paper
Combined risk factor models boost euro area tail forecast accuracy
An ESCB expert group has developed a Macro-at-Risk framework using 350 indicators to model tail risks surrounding euro area growth and inflation projections.
ECB
Paper
Network financial frictions triple monetary policy impact
An ECB study shows that financial frictions across production networks amplify the impact of monetary policy on prices and output, with network effects dominating direct sector leverage by a factor of three.
Latest
ECB
Paper
New ECB-BIG index measures euro area credit conditions
The ECB has introduced the Broad Intermediation Gauge (ECB-BIG) index to provide a timely assessment of credit conditions across euro area banks and non-banks.
ECB
Paper
Longer-term inflation expectations remain anchored after energy shock
An ECB Economic Bulletin analysis shows that longer-term euro area inflation expectations remain broadly anchored across consumers, firms and professional forecasters following recent energy price shocks.
ECB
Paper
Euro area youth unemployment climbs to 15.1 percent
The euro area youth unemployment rate reached 15.1 percent in the first quarter of 2026 as overall labor demand cooled.
More Topics
ECB
Paper
Narrow fiscal space limits euro area energy shock response
Euro area governments have deployed minimal fiscal support of 0.1 percent of GDP following the 2026 Middle East energy shock, as elevated borrowing costs and a 3.3 percent structural deficit constrain fiscal policy compared to the 2022 energy crisis.
ECB
Paper
Key interest rates held at 2.25 percent as energy shock lingers
The European Central Bank kept its key deposit facility rate unchanged at 2.25 percent at its July meeting.
ECB
Paper
Policy uncertainty subtracts 0.4 percentage points from euro area GDP
A new ECB Economic Bulletin article shows that policy uncertainty shocks subtracted roughly 0.4 percentage points from euro area GDP growth in 2025.
ECB
Paper
Earnings call data sharpens euro area job vacancy forecasts
A new ECB working paper shows that extracting text-based labour demand indicators from corporate earnings calls significantly improves short-term forecasts of euro area job vacancy rates.
ECB
Paper
Stock market and sovereign shocks pose greatest risk to bank capital
A European Central Bank working paper introduces MuSE, a simulation engine designed to generate thousands of macro-financial stress scenarios.
ECB
Decoder
Energy price surges drive euro area home renovation wave
Rising energy costs and falling equipment prices are driving an energy-efficiency renovation wave across the euro area.