European Central Bank
Lagarde: Energy prices, climate shape ECB policy response
ECB President Christine Lagarde responded to MEPs on May 8, 2026, outlining the central bank's strategy regarding energy prices, climate change, and their implications for monetary policy.
Focus
EU borrowing for Ukraine: Limited fiscal impact
ECB President Christine Lagarde stated that the recently approved €90 billion Ukraine Support Loan has only a limited impact on the EU's fiscal outlook.
ECB details committee roles, boosts Eurosystem transparency
The European Central Bank has published a document detailing the history, role, and functioning of its Eurosystem/ESCB committees.
Latest
Lagarde: Stablecoins' dual functions, risks to euro sovereignty
ECB President Christine Lagarde argued that stablecoins' monetary and technological functions are conflated, posing risks to financial stability and euro sovereignty.
Schnabel warns: Central bank independence at risk
Isabel Schnabel, Member of the ECB's Executive Board, warned that central bank independence faces a quiet erosion from structural forces and political attacks.
EU temporary migration amplifies output fluctuations
A new ECB working paper uses a two-country DSGE model to study temporary migration between EU15 and NMS12 countries.
More Topics
Gas shocks shape euro area inflation expectations
An ECB working paper analyzes how natural gas market shocks influence euro area inflation expectations and actual inflation.
Financial integration crucial for Europe's prosperity
ECB Vice-President Luis de Guindos emphasized the strategic necessity of deepening financial integration in Europe.
Euro area financial integration: Price, quantity, correlation
The European Central Bank has released new data on financial integration and structure in the euro area.
Physical climate risk raises bank credit risk, alters lending
A new ECB working paper finds that physical climate risk from floods persistently increases bank credit risk and temporarily alters lending activity.
Q-learning, LLM investors pose new financial stability risks
A new ECB working paper finds that artificial intelligence investor behavior fundamentally alters financial fragility.
Digital banks: faster deposit, slower loan repricing
Digital banks adjust deposit pricing faster but loan pricing slower than traditional peers, reshaping monetary policy transmission.