European Central Bank

Our next media seminar takes place on 11-12 June. If you work for the media and wish to attend, please sign up by 8 May. You will discuss, off the record, monetary policy, banking supervision and payments (banknotes and digital euro) and meet policymakers link.europa.eu/4CRkmY

It’s vital that we know how banks can use capital buffers. In a new joint report, the ECB and the ESRB define key concepts and develop a toolkit for evaluating how buffers can be used and released under the prudential and resolution frameworks link.europa.eu/jVpWGY

Many Bulgarians feared large price increases when the euro replaced the lev. However, preliminary evidence shows that the changeover in Bulgaria has so far had a limited impact on consumer prices and on perceptions of inflation link.europa.eu/Hcvrn6

Tariffs are the highest in a century and the war in Iran has triggered a fresh energy shock. Uncertainty remains high. What does this mean for euro area growth and inflation? Tune in to the latest episode of Euro Matters pod.link/ecbpodcast/epi…

Europe’s dependence on foreign energy makes it tougher for the ECB to keep prices stable, writes Executive Board member Frank Elderson. Meeting clean energy targets would help by reducing the impact of volatile global markets on domestic energy prices ecb.europa.eu/press/blog/dat…

Wishing a very happy Easter to all those celebrating! 🐣🐰🌼

As the Eurosystem normalises its balance sheet, central bank reserves keep declining. This blog post examines how banks adapt to lower levels of reserves and explains why take-up in Eurosystem standard refinancing operations is expected to increase link.europa.eu/xwx7XN

📚 The latest #EconomicBulletin is out! It presents the economic and monetary information which forms the basis for our policy decisions. Read the full issue of the Economic Bulletin ecb.europa.eu/press/economic…

Europe is caught between the need for higher strategic public investment and tight fiscal constraints. A new ECB analysis of investment in transport infrastructure suggests that one answer may lie in more efficient spending. #EconomicBulletin ecb.europa.eu/press/economic…

Strengthening European autonomy means having a sovereign payment infrastructure and a digital payment solution that everyone in Europe can always rely on, says Executive Board member Piero Cipollone. Read Mr Cipollone’s full speech link.europa.eu/X6hF84

How did euro area bank interest rates evolve in February? How do they compare with January’s figures? Find out more in the press release link.europa.eu/q3wHGN

🔹Most euro area firms report using artificial intelligence 🔹Businesses expect higher turnover from significant AI use 🔹Firms already using AI in 2025 expect more AI investment in 2026 Read more on how European firms use AI in our #EconomicBulletin ecb.europa.eu/press/economic…

Inflation expectations are crucial for monetary policy as they influence economic decisions and thereby inflation. Unfortunately, expectation surveys come with blind spots. We use a model to turn infrequent survey data into a dense grid of expectations link.europa.eu/MPh4BW

As demand for AI and digital services soars, investment in intangible assets like software makes up an increasing share of euro area business investment. Digital investment picked up in 2025 but has lagged behind the US over the past decade. Read more ecb.europa.eu/press/economic…

Listen to the interview rte.ie/radio/radio1/c…

Chief Economist Philip R. Lane joined @RTERadio1’s David McCullagh to discuss: 🔹The impact of the war in Iran on the euro area economy 🔹 Its monetary policy implications 🔹 The importance of speeding up the climate transition and savings and investment union

Trade policy uncertainty affects more than just trade flows. Our #EconomicBulletin finds that the 2025 surge in trade policy uncertainty weakened confidence, investment and growth across the euro area, hitting manufacturing the hardest ecb.europa.eu/press/economic…

ECB streamlines how it supervises banks’ internal models (press release) bankingsupervision.europa.eu/press/pr/date/…

Integrated supervision of capital market players in the EU would strengthen supervisory consistency, improve cross-border risk detection and support market integration, providing stronger foundations for the savings and investments union link.europa.eu/7cNP8n