European Central Bank
Older workers, migrants drive euro area labor force expansion
The euro area labour force has expanded significantly in recent years, driven by rising participation rates, demographic shifts, and sustained net migration.
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Biodiversity risk raises bank loan spreads, ECB study finds
A new European Central Bank (ECB) working paper finds that banks incorporate firm-level biodiversity risk into their lending decisions, leading to significantly higher loan spreads for borrowers with greater exposure.
ECB: Judgement shapes bank capital, smooths SREP scores
A new European Central Bank working paper finds that supervisory judgement significantly influences banks' overall SREP scores and Pillar 2 capital requirements.
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Supply chain uncertainty amplifies energy inflation, challenges policy
A new ECB working paper finds that energy price pass-through to inflation is significantly stronger when supply chain uncertainty is elevated.
Wildfire cashflow shocks hit firms, trigger distinct financial responses
A new ECB working paper studies the impact of Portugal's 2017 wildfires on hotel cashflows and financial decisions.
Elderson: Deeper integration key to European prosperity
Frank Elderson, Member of the Executive Board of the European Central Bank, advocated for deeper European integration to overcome fragmentation and boost prosperity.
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China's industrial rise: Euro area faces competition, disinflation
China's expanding industrial presence significantly influences euro area trade, production, and prices.
Captive banks soften diesel risk pricing, independent banks tighten
A new ECB working paper reveals that captive and independent banks respond differently to environmental shocks affecting diesel vehicles.
Study finds ECB exchange rate communication largely ineffective
A new ECB working paper concludes that the European Central Bank's communication on exchange rates has limited and quickly fading effects.
Energy prices, uncertainty threaten household savings
Rising energy prices and heightened consumer uncertainty from the Middle East war pose renewed risks to the euro area household saving rate.
De Guindos urges prudence on rate hikes amid growth concerns
ECB Vice-President Luis de Guindos called for prudence on future interest rate decisions, citing concerns about slowing growth and the impact of the latest energy price shock.
ECB, RBI sign MoU for central banking cooperation
The European Central Bank and the Reserve Bank of India have signed a Memorandum of Understanding on central banking cooperation.