European Central Bank
ECBNews
Cash acceptance in euro area rises to 92 percent of firms
A new survey by the European Central Bank shows that 92 percent of physical-location businesses in the euro area accepted cash in 2026, up from 90 percent in 2024.
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ECBPaper
Eurosystem excess liquidity drops to 2.5 trillion euros
An ECB report shows excess liquidity declined from 3.4 trillion to 2.5 trillion euros over 2024 and 2025 as key rates fell by 200 basis points.
ECBPaper
Labour market reforms boost private investment by 5 percent
Major labour and product market reforms boost real private investment by 5 percent and 3 percent respectively over six years, according to ECB research.
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ECBNews
Europa Open Air concert and banknote survey set for 20 August
The European Central Bank and Hessischer Rundfunk will host the free Europa Open Air concert at Weseler Werft in Frankfurt on 20 August 2026.
ECBPaper
EU monetary financing ban protects price stability, ECB paper finds
The EU prohibition of monetary financing remains stricter than pre-EMU rules or US and UK frameworks, an ECB paper finds.
ECBPaper
Rate hikes trigger year-long decline in firm hiring expectations
A 25 basis point contractionary monetary policy surprise reduces the net balance of firm hiring intentions by 13 percentage points immediately, according to a European Central Bank working paper based on survey data from 9,000 German firms.
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ECBNews
Digital euro to offer cash-like privacy offline, Lagarde says
European Central Bank President Christine Lagarde assured the European Parliament that the digital euro will complement physical cash rather than replace it.
ECBDecoder
Renewables power 47 percent of EU electricity as demand lags
An ECB analysis shows that renewables generated a record 47 percent of EU electricity in 2024.
ECBData
EU bank assets grow 3.6 percent to 34.33 trillion euros
Total assets of EU credit institutions grew by 3.63 percent year on year to 34.33 trillion euros at the end of March 2026.
ECBPaper
Combined risk factor models boost euro area tail forecast accuracy
An ESCB expert group has developed a Macro-at-Risk framework using 350 indicators to model tail risks surrounding euro area growth and inflation projections.
ECBPaper
Network financial frictions triple monetary policy impact
An ECB study shows that financial frictions across production networks amplify the impact of monetary policy on prices and output, with network effects dominating direct sector leverage by a factor of three.
ECBPaper
New ECB-BIG index measures euro area credit conditions
The ECB has introduced the Broad Intermediation Gauge (ECB-BIG) index to provide a timely assessment of credit conditions across euro area banks and non-banks.