The European Central Bank manages the euro and implements EU economic and monetary policy.
ECB takes further steps to incorporate climate change into its monetary policy operations
(Source: European Central Bank)
ECB to account for climate change in its corporate bond purchases, collateral framework, disclosure requirements and risk management, in line with its climate action plan
Measures aim to reduce financial risk related to climate change on the Eurosystem’s balance sheet, encourage transparency, and support the green transition of the economy
New times for ECB’s monetary policy decisions and press conference
(Source: European Central Bank)
ECB moves announcement of its monetary policy decisions to 14:15 CET, starting 21 July 2022
Start of ECB press conferences changed to 14:45 CET
The European Central Bank (ECB) is changing the publication time of its monetary policy decisions and the timing of the press conferences at which the decisions are explained.
Starting from […]
ECB publishes consolidated banking data for end-December 2021
(Source: European Central Bank)
23 June 2022
[The EU non-performing loans ratio in the second bullet point was updated from “0.2 percentage points” to “0.51 percentage points” on 23 June 2022 at 16:00 CET to correct an error.]
Total assets of EU-headquartered credit institutions increased from €29.44 trillion in December 2020 to €30.44 trillion in […]
Statement after the ad hoc meeting of the ECB Governing Council
(Source: European Central Bank)
Today the Governing Council met to exchange views on the current market situation. Since the gradual process of policy normalisation was initiated in December 2021, the Governing Council has pledged to act against resurgent fragmentation risks. The pandemic has left lasting vulnerabilities in the euro area economy which are […]
International use of the euro remained stable in 2021
(Source: European Central Bank)
Euro remains second most widely used currency globally after US dollar
Euro’s share at around 19% across various indicators of international currency use
Euro’s global appeal linked to stronger Economic and Monetary Union
The international role of the euro remained stable in 2021, with its share across various indicators of international currency […]
Monetary policy decisions
(Source: European Central Bank)
9 June 2022
High inflation is a major challenge for all of us. The Governing Council will make sure that inflation returns to its 2% target over the medium term.
In May inflation again rose significantly, mainly because of surging energy and food prices, including due to the impact of the […]
EU structural financial indicators: end of 2021
(Source: European Central Bank)
Number of offices continued to decline in most EU Member States, by 1.98% on average
Number of bank employees declined by 0.85% on average
Degree of banking sector concentration continues to differ widely across countries
The European Central Bank (ECB) has updated its dataset of structural financial indicators for the banking sector […]
ECB reports on EU countries’ progress towards euro adoption
(Source: European Central Bank)
Biennial report assesses progress of seven non-euro area EU Member States
Positive assessment of Croatia in view of possible euro adoption on 1 January 2023
Progress has been limited overall owing to challenging economic conditions
Limited progress has been made by non-euro area EU countries on economic convergence with the euro area […]
Survey on the Access to Finance of Enterprises: tightening of financing conditions amid increased economic uncertainty
(Source: European Central Bank)
Euro area enterprises continued to signal a recovery in business activity, but firms’ profitability was reduced by surging input costs
The availability of external funds continued to improve, albeit at a slower pace, as euro area firms deemed the macroeconomic environment to have adversely affected the availability of funds.
While the […]
Russia-Ukraine war increases financial stability risks, ECB Financial Stability Review finds
(Source: European Central Bank)
Impact of war on energy prices, inflation and growth amplifies existing vulnerabilities
Market reaction to invasion largely orderly, but risk of further correction remains
Banks face weaker profitability after strong recovery in 2021
Financial stability conditions in the euro area have worsened as the Russian invasion of Ukraine leads to higher energy […]