ECB - European Central Bank

Do banks respond to their friends’ markets? Social spillovers in deposit pricing

4 days ago

We study how deposit rate shocks transmit across banking markets through digital...

What drives business expectations? A tale of demand and supply

4 days ago

This paper develops a novel empirical framework to analyse the drivers of...

Survey on credit terms and conditions in euro-denominated securities financing and OTC derivatives markets (SESFOD)

4 days ago

The EU’s CBAM: implications for member states and trading partners

5 days ago

The EU Carbon Border Adjustment Mechanism (CBAM) came into force on 1...

Letter from the ECB President to Mr Bas Eickhout, MEP, on climate change and financial stability

10 days ago

Financial stability risks from geoeconomic fragmentation

10 days ago

Environmental score and bond pricing: it better be good, it better be green

10 days ago

We provide empirical evidence that the pricing of green bonds tends to...

Understanding the inflation–output relationship across business cycle phases

13 days ago

We examine the state dependence of monetary policy transmission and the parameters...

Liquidity conditions and monetary policy operations from 30 July to 4 November 2025

17 days ago

This box describes the Eurosystem liquidity conditions and monetary policy operations in...

Economic Bulletin Issue 8, 2025

17 days ago

Short-term forecasting of euro area economic activity in an uncertain world

17 days ago

This article examines the key challenges for short-term forecasting of euro area...

Holding on: labour hoarding and firms’ expectations

17 days ago

Firms that have faced adverse shocks to their business activity can decide...