European Central Bank
@ecb
The European Central Bank is the central bank for Europe's single currency, the euro. Its main task is to maintain the euro's purchasing power.
We kept our key interest rates unchanged. We expect inflation to stabilise around our 2% target in the period ahead. Read today’s monetary policy decisions ecb.europa.eu/press/pr/date/…
ECB clarifies harmonised approach to policy choices offered by EU law (press release) bankingsupervision.europa.eu/press/pr/date/…
The Executive Board has appointed Isabel Vansteenkiste as Counsellor to President Lagarde. Isabel’s predecessor Roland Straub will become Deputy Director General Market Operations. Isabel and Roland will take up their new roles on 15 September. Congratulations to both!
Tariffs and protectionism will likely dampen demand, according to our Survey of Professional Forecasters. This is expected to slow euro area growth and, to a lesser extent, inflation, particularly in 2025 and 2026.
How did euro area bank lending and money supply evolve in June? How do they compare with May’s figures? Find out more in the press release europa.eu/!vPpJFF
Transcript with Q&A of yesterday’s monetary policy press conference europa.eu/!qnkr3Q
The Governing Council decided to keep interest rates unchanged at today’s press conference. We are in a wait-and-see situation, and our monetary policy decision will remain data-dependent, said President Christine @Lagarde.
Inflation is currently at our 2% medium-term target, said President @Lagarde after the Governing Council decided to keep the three key interest rates unchanged. We are determined to ensure that inflation stabilises at target in the medium term.
Today we kept our key interest rates unchanged. We did this because inflation is set to stabilise at our 2% target. The economy has been resilient, but the global environment remains exceptionally uncertain.
We’ve just taken our latest monetary policy decisions. Tune in to #TheECBPodcast to hear President Christine @Lagarde present the decisions in our press conference.
President @Lagarde has just presented the Governing Council’s monetary policy statement.
Watch the ECB press conference live: President Christine @Lagarde explains today’s monetary policy decisions europa.eu/!KByWRW
Later today: watch live as ECB President Christine @Lagarde explains the latest monetary policy decisions europa.eu/!KByWRW
We asked 155 banks about changes in their lending conditions and loan demand during the second quarter of 2025. Read our bank lending survey to find out more europa.eu/!76jwhb
In the latest Survey on the Access to Finance of Enterprises (SAFE), firms reported lower interest rates on bank loans and slightly tighter lending conditions in the second quarter of 2025. Expectations for selling prices, wages and one-year-ahead inflation declined.
How did the euro area current account balance evolve in May? And how does it compare with the same month a year earlier? Find out more in the press release europa.eu/!MknCTt
We estimate that the share of critical functions outsourced to third parties and difficult or impossible to substitute is 82%, says Supervisory Board member Anneli Tuominen. Our guide on outsourcing cloud services outlines good practices to help banks strike the right balance.
Since November 2024 we have: ✅ Improved the draft rulebook ✅ Explored the digital euro’s innovation potential with the market ✅ Gathered feedback to make the digital euro as inclusive and accessible as possible ✅ Engaged on how the digital euro would fit into the payments…
The ECB has published its third progress report on the digital euro project. We're refining the rulebook, exploring the digital euro’s innovation potential, and engaging with all stakeholders.