European Central Bank
ECBPaper
ECB maintains key rates, updates inflation and growth outlook
The European Central Bank's Governing Council decided to keep its three key interest rates unchanged at its December 18, 2025 meeting.
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ECBDecoder
ECB strengthens climate analysis with enhanced data and models
The European Central Bank has strengthened its climate indicators, introducing new data on sustainable bonds, carbon intensity metrics, and physical risks.
ECBPaper
ECB reports continued decline in euro area excess liquidity, rates stable
The Eurosystem's excess liquidity in the euro area banking system continued its gradual decline from July to November 2025.
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ECBPaper
ECB study links labour hoarding to firms' future cost expectations
A new study from the European Central Bank (ECB) links firms' labour hoarding decisions to their expectations about future business conditions.
ECBPaper
ECB research refines trade policy uncertainty measures
A new European Central Bank study highlights limitations of text-based trade policy uncertainty measures, proposing a refined indicator for more accurate macroeconomic analysis.
ECBPaper
Bulgaria adopts the euro, becoming the 21st member of the euro area
Bulgaria officially adopted the euro on January 1, 2026, becoming the 21st member of the euro area following formal approval by the Council of the European Union on July 8, 2025.
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ECBPaper
ECB paper links bank credit shocks to firm investment dynamics
A new European Central Bank working paper investigates how credit supply shocks impact firm-level investment across the euro area.
ECBPaper
ECB enhances short-term forecasting models for euro area activity
The European Central Bank has enhanced its short-term forecasting models for euro area economic activity.
ECBSpeech
De Guindos emphasizes central bank independence, EU financial autonomy
ECB Vice-President Luis de Guindos underscored the critical importance of central bank independence for price stability and lower interest rates.
ECBSpeech
De Guindos warns of global uncertainty and euro area financial stability risks
ECB Vice-President Luis de Guindos stated on January 14, 2026, that the euro area faces elevated financial stability risks amid profound global uncertainty and geopolitical shifts.
ECBPaper
ECB study details barriers and potential of EU Single Market
The European Central Bank's latest article explores the untapped potential of the EU Single Market, a cornerstone of European integration.
ECBPaper
ECB survey reveals housing Sharpe ratio recovery, points to investment growth
The European Central Bank's Consumer Expectations Survey introduces a new housing Sharpe ratio, indicating a marked improvement over the past year.