6 January 2026 Bank interest rates for corporations Chart 1 Bank interest rates on new loans to, and deposits from, euro area corporations (percentages per annum) Data for cost of borrowing and deposit interest rates for corporations (Chart 1)The composite …
6 January 2026 By David Barkhausen, Gabriel Glöckler and Stefan Ruhkamp Central banks often struggle to make themselves understood to the wider public. Visuals can help to change this. The ECB Blog travels across the globe to showcase the creative ways in …
02 January 2026 Components of the broad monetary aggregate M3 The annual growth rate of the broad monetary aggregate M3 increased to 3.0% in November 2025 from 2.8% in October, averaging 2.9% in the three months up to November. The components of M3 showed …
1 January 2026 Euro banknotes and coins start circulating in Bulgaria Bulgarian National Bank joins Eurosystem Bulgaria becomes 21st euro area member Bulgarian National Bank now also full member of Single Supervisory Mechanism following period of close …
23 December 2025 By Alexander Jung Are independent central banks better at ensuring price stability? A study of 155 central banks over 50 years shows why independence makes a difference. Central banks that are shielded from government control are able to …
19 December 2025 Counterparties invited to access Eurosystem standard refinancing operations at least once a year, with a bid amount at their discretion Eurosystem standard refinancing operations seen as an integral part of banks’ day-to-day liquidity …
Contribution by Piero Cipollone, Member of the Executive Board of the ECB, to a roundtable at Aspen Institute Italia Rome, 19 December 2025 Money is at the heart of what central banks do.[1] Ever since central banks have existed, their core role has been …
19 December 2025 Current account recorded €26 billion surplus in October 2025, up from €24 billion in previous month Current account surplus amounted to €313 billion (2.0% of euro area GDP) in the 12 months to October 2025, down from €419 billion (2.8%) …
19 December 2025 ECB wage tracker updated with wage agreements signed up to end of November 2025; forward-looking horizon extended to end of December 2026 Forward-looking information indicates easing of negotiated wage growth, consistent with data …
The euro area economy is proving to be resilient despite the challenging global environment. Real GDP increased by 0.3% in the third quarter of 2025, which was above the September projections. This followed volatile developments in the first half of the …
17 December 2025 Governing Council submits proposal to European Parliament to extend term of office of the Vice-Chair of ECB’s Supervisory Board until the end of his mandate as ECB Executive Board member Council of the EU to give final approval after …
15 December 2025 In 2024 payment fraud rate in European Economic Area stable at around 0.002% of total value of transactions in a calendar year Total value of fraud increased to €4.2 billion in 2024 from €3.5 billion in 2023 Strong customer authentication …
11 December 2025 Governing Council endorses recommendations of High-Level Task Force on Simplification, which include: reducing the number of elements in the risk-weighted and leverage ratio framework introducing a materially simpler prudential regime for …
In March 2025 the ECB’s Governing Council created the High-Level Task Force on Simplification (HLTF) to develop recommendations for simplifying the European prudential regulatory, supervisory and reporting framework for banks. The HLTF’s objective has been …
9 December 2025 By Piero Cipollone and Valdis Dombrovskis The ECB plans to prepare for the potential issuance of the digital euro by 2029, assuming the European co-legislators adopt the necessary regulation by 2026. Preparatory steps, including pilot …
Guest lecture by Piero Cipollone, Member of the Executive Board of the ECB, at the Frankfurt School of Finance & Management Frankfurt am Main, 8 December 2025 Money is at the heart of what central banks do.[1] Ever since central banks have existed, …
4 December 2025 Why is the digital euro needed in Europe now? The use of cash is declining because we cannot use it to pay digitally. This clearly limits people’s freedom to pay with central bank money – which currently only exists in the form of physical …
Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at the 15th workshop on exchange rates, co-organised by Banka Slovenije with the Banca d’Italia, the Bank for International Settlements, the European Central Bank and the Nationale …
3 December 2025 Bank interest rates for corporations Chart 1 Bank interest rates on new loans to, and deposits from, euro area corporations (percentages per annum) Data for cost of borrowing and deposit interest rates for corporations (Chart 1)The …
1 December 2025 Shocks have been building up since the pandemic, but the most dreaded economic scenarios end up not materialising. As a result, the markets keep rising and rising. But the economy is cyclical. Aren’t you worried that one of these scenarios …
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