European Central Bank
ECB
Paper
Precautionary cash holdings by European firms linked to firm size
A new ECB working paper empirically documents money demand by European non-financial corporations, finding that cash holdings are inversely related to firm size.
Focus
ECB
Decoder
Foreign tariffs weaken euro area economy, monetary policy can mitigate
Foreign import tariffs tend to lower euro area inflation and weaken economic growth over the medium term.
ECB
Paper
Fiscal seigniorage from convenience assets determines price level in currency unions
A new ECB working paper examines how fiscal seigniorage from government securities with convenience yields determines the price level in a currency union.
Latest
ECB
Speech
De Guindos warns of geopolitical and trade risks despite economic resilience
European Central Bank Vice-President Luis de Guindos stated that the euro area economy shows resilience and inflation is converging to target.
ECB
Speech
Lagarde emphasizes Europe's stability and competitiveness
European Central Bank President Christine Lagarde addressed the European Parliament on February 9, 2026, emphasizing the ECB's commitment to price stability and strengthening Europe's resilience and competitiveness in a volatile global environment.
ECB
Speech
Lane details economic outlook informing February ECB policy decision
Philip R. Lane, Member of the ECB Executive Board, presented a comprehensive overview of economic data and projections informing the European Central Bank's February 2026 monetary policy decision.
More Topics
ECB
Paper
Euro area consumer prices showed increased flexibility during inflation surge
A new ECB Working Paper documents how consumer prices in nine euro area countries became more flexible during the 2021-2024 inflation surge.
ECB
Paper
Euro area labor market resilient as real wages adjust to inflation
A new European Central Bank working paper investigates the surprising resilience of the euro area labour market during the early 2020s inflation surge.
ECB
Speech
Cipollone outlines digital euro benefits and implementation timeline
ECB Executive Board member Piero Cipollone clarified the central bank's rationale for a digital euro, highlighting its benefits for European citizens and businesses.
ECB
Speech
Lagarde confirms ECB cannot back national guarantees for EU borrowing
ECB President Christine Lagarde clarified in a letter to MEP Fabio De Masi that the central bank cannot provide liquidity for national guarantees related to EU borrowing for Ukraine.
ECB
Decoder
Bulgaria's euro entry changes ECB capital and Governing Council voting
Bulgaria adopted the euro on January 1, 2026, making the Bulgarian National Bank a full ECB shareholder and its governor a member of the Governing Council.
ECB
Data
Forecasters maintain inflation outlook, upgrade 2026 GDP amid easing uncertainty
In the European Central Bank's Survey of Professional Forecasters for Q1 2026, expectations for headline and core inflation remained unchanged.