European Central Bank
Higher insurance coverage reduces macroeconomic impact of climate catastrophes
An ECB Working Paper finds that higher insurance coverage is associated with less severe macroeconomic consequences of climate-related catastrophes.
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ECB staff raise concerns on simplified EU sustainability reporting
The European Central Bank staff have published an opinion on the revised European Sustainability Reporting Standards (ESRS), appreciating the significant simplification but raising critical concerns.
ECB wage tracker indicates normalisation of pay growth by 2026
The European Central Bank's updated wage tracker indicates that negotiated wage growth will level off below 3.0 percent by the end of 2026.
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Thomas Jorgensen appointed Director General for Specialized Institutions
Thomas Broeng Jorgensen has been appointed Director General for Specialised Institutions and Less Significant Institutions by the European Central Bank.
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.
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.
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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.
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.
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.
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.
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.
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.