European Central Bank
Elderson's term as Supervisory Board Vice-Chair extended
The European Central Bank welcomes the Council of the European Union's decision to extend Frank Elderson's mandate as Vice-Chair of the Supervisory Board.
Focus
Macroeconomic conditions and policy shifts drive euro area housing investment
Euro area housing investment has bottomed out but a sustained recovery is yet to emerge, declining 0.2 percent in the third quarter of 2025.
New Bayesian method improves IV regressions with weak instruments
Standard statistical methods often fail in instrumental variable (IV) regressions with weak instruments, producing misleading results.
Latest
High electricity prices hinder EU decarbonization and competitiveness
Elevated electricity prices pose a significant challenge to the European Union's decarbonization strategy and the competitiveness of its energy-intensive industries.
Minimal stigma costs impede capital buffer usability
A new European Central Bank working paper reveals that even very low stigma costs prevent banks from fully utilizing regulatory capital buffers.
ECB enhances Corporate Telephone Survey with AI tools
The European Central Bank is deploying artificial intelligence to improve the efficiency and analytical capabilities of its Corporate Telephone Survey.
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Structural barriers hinder EU green transition, policy intervention needed
An ECB Economic Bulletin article identifies multiple structural barriers obstructing Europe's green transition, from market failures to regulatory fragmentation.
Lagarde: Geoeconomic fragmentation demands strategic autonomy
ECB President Christine Lagarde emphasized Europe's need for strategic autonomy amid rising geoeconomic fragmentation at the Munich Security Conference.
Euro liquidity facility enhanced for non-euro area central banks
The European Central Bank has enhanced its Eurosystem repo facility (EUREP) to provide more flexible euro liquidity to non-euro area central banks.
Integrated EU supervision proposed for large asset managers
Europe's largest asset managers, with over €20 trillion in assets, are currently supervised only at national level.
EU banking sector assets reach €33.44 trillion, NPLs rise slightly
The European Central Bank has published consolidated banking data for end-September 2025, revealing a 0.95 percent increase in EU-headquartered credit institutions' total assets to €33.44 trillion.
Bulgaria's euro entry strengthens union, requires national reforms
ECB Executive Board Member Philip R. Lane congratulated Bulgaria on its smooth euro adoption, highlighting the benefits of monetary union while outlining common and country-specific policy challenges.