ECB - European Central Bank Press Releases - EIN Presswire

Published on August 7, 2025 - 12:25 GMT

Fiscal aspects of European defence spending: implications for euro area macroeconomic projections and associated risks

Prepared by Cristina Checherita-Westphal, Christian Huber, Marta Rodríguez-Vives and Georg Müller Published as part of the ECB Economic Bulletin, Issue 5/2025. Government defence spending in the EU is expected to rise in response to heightened geopolitical …

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Published on August 7, 2025 - 12:25 GMT

Economic Bulletin Issue 5, 2025

Summary At its meeting on 24 July 2025, the Governing Council decided to keep the three key ECB interest rates unchanged. Inflation is currently at the 2% medium-term target. The incoming information is broadly in line with the Governing Council’s previous …

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Published on August 6, 2025 - 12:22 GMT

Enhancing the ECB’s O-SII framework

Prepared by Maciej Grodzicki, Anton van der Kraaij, Ursula Vogel and Balázs Zsámboki[1] Published as part of the Macroprudential Bulletin 30, August 2025. Capital buffers for other systemically important institutions (O-SIIs) are set by national …

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Published on August 6, 2025 - 12:22 GMT

Unveiling the hidden costs of critical dependencies

Prepared by Maria-Grazia Attinasi, Lukas Boeckelmann, Rinalds Gerinovics and Baptiste Meunier 1 Recent trends in global trade Trade integration, a key driver of economic growth in recent decades, is at a crossroads amid growing geopolitical rivalries and …

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Published on August 6, 2025 - 12:22 GMT

What does increasing competition from China mean for euro area employment?

Prepared by Clémence Berson, Claudia Foroni, Vanessa Gunnella and Laura Lebastard Increased competition from China across global export markets has affected the euro area labour market in recent years. As China has moved up the value chain, its exports …

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Published on August 4, 2025 - 11:17 GMT

Piero Cipollone: Making euro cash fit for the future

4 August 2025 By Piero Cipollone, Member of the Executive Board of the ECB Digital payments are increasing and people are using banknotes and coins less frequently. Is cash on the way out? Piero Cipollone explains why cash is still indispensable and how …

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Published on August 4, 2025 - 08:19 GMT

Cash is alive… and somewhat young? Decoupling age, period and cohort from euro cash use

Prepared by Rebecca Clipal and Alejandro Zamora-Pérez 1 Introduction A central puzzle motivating modern payments research is the divergence between decades of predictions about a cashless society and the empirical reality of the enduring role cash plays. …

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Published on July 31, 2025 - 13:28 GMT

ECB Environmental Statement 2025

2024 marked a significant milestone as the European Central Bank (ECB) concluded its first environmental management cycle after aligning its emission reduction goals with the ambitious 1.5 degrees Celsius target set out in the Paris Agreement. As we …

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Published on July 31, 2025 - 11:13 GMT

Euro area bank interest rate statistics: June 2025

31 July 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 composite …

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Published on July 31, 2025 - 11:13 GMT

Results of the June 2025 Survey on credit terms and conditions in euro-denominated securities financing and OTC derivatives ...

31 July 2025 Price and non-price credit terms and conditions remained largely unchanged between March 2025 and May 2025, tightening slightly for certain counterparty types Demand for lending against collateral and financing rates/spreads increased across …

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Published on July 31, 2025 - 10:46 GMT

The ripple effects of monetary policy on housing and consumption

31 July 2025 By Niccolò Battistini and Johannes Gareis Monetary policy has an impact on our daily lives. This post explores the ripple effects of the ECB’s recent monetary policy on housing affordability, housing sales and households’ home goods …

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Published on July 30, 2025 - 14:44 GMT

China-US trade tensions could bring more Chinese exports and lower prices to Europe

30 July 2025 By Lukas Boeckelmann, Lorenz Emter, Vanessa Gunnella, Karin Klieber and Tajda Spital With trade tensions between China and the United States reaching new heights, Chinese exports may be redirected to the euro area. In a severe scenario, this …

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Published on July 30, 2025 - 08:12 GMT

From words to deeds – incorporating climate risks into sovereign credit ratings

by Lorenzo Cappiello, Gianluigi Ferrucci, Angela Maddaloni and Veronica Veggente[1] Climate-related risks are increasingly recognised as an important threat to long-term fiscal sustainability, raising questions about the extent to which credit rating …

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Published on July 29, 2025 - 13:58 GMT

ECB to adapt collateral framework to address climate-related transition risks

29 July 2025 Climate factor to protect Eurosystem against potential decline in value of collateral in event of adverse climate-related transition shocks Measure to address forward-looking climate-related uncertainties, enhancing resilience of Eurosystem’s …

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Published on July 28, 2025 - 12:46 GMT

From hype to hazard: what stablecoins mean for Europe

28 July 2025 By Jürgen Schaaf Stablecoins are reshaping global finance – with the US dollar at the helm. Without a strategic response, European monetary sovereignty and financial stability could erode. However, in this disruption there is also an …

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Published on July 26, 2025 - 06:02 GMT

Piero Cipollone: Interview with Delo

26 July 2025 Mr Cipollone, the ECB is actively exploring the digital euro, the project was launched in July 2021. What are your arguments in favour of the introduction of a digital currency? Is it just a must, something that is necessary in the era of fast …

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Published on July 25, 2025 - 09:22 GMT

Monetary developments in the euro area: June 2025

25 July 2025 Components of the broad monetary aggregate M3 The annual growth rate of the broad monetary aggregate M3 decreased to 3.3% in June 2025 from 3.9% in May, averaging 3.7% in the three months up to June. The components of M3 showed the following …

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Published on July 25, 2025 - 09:21 GMT

Euro area economic and financial developments by institutional sector: first quarter of 2025

25 July 2025 Euro area net saving decreased to €799 billion in four quarters to first quarter of 2025, compared with €813 billion one quarter earlier Household debt-to-income ratio decreased to 81.7% in first quarter of 2025 from 83.8% one year earlier Non …

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Published on July 25, 2025 - 09:15 GMT

Results of the ECB Survey of Professional Forecasters for the third quarter of 2025

25 July 2025 Headline inflation expectations revised down for 2025-26 but unchanged for 2027 and the longer term; expectations for HICP inflation excluding energy and food revised down slightly for 2026 and 2027 to 2.0% Tariffs expected to have a small …

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Published on July 25, 2025 - 09:15 GMT

ECB appoints Isabel Vansteenkiste as Counsellor to President Lagarde

25 July 2025 Isabel Vansteenkiste to become Principal Counsellor to the President and Coordinator of the Counsel to the Executive Board Her predecessor Roland Straub to become Deputy Director General Market Operations Both appointments effective as of 15 …

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