European Central Bank

We are aware of letters inviting people to invest their money in an alleged digital euro pilot scheme. This is a scam. If you think you have fallen victim to fraud, contact your local police link.europa.eu/MRmVfD

How did euro area bank lending and money supply evolve in September? How do they compare with August's figures? Find out more in the press release link.europa.eu/bdkttp

We asked 159 banks about changes in their lending conditions and loan demand during the third quarter of 2026. Read our bank lending survey to find out more link.europa.eu/76jwhb

In the latest SAFE, firms reported tighter bank loan interest rates and other lending conditions. Turnover increased somewhat, but profits weakened www.ecb.europa.eu/stats/ecb_su...

Natural capital, such as water, forests and wetlands, is economic infrastructure. Protecting and restoring ecosystems is an investment in economic resilience, future prosperity and competitiveness, says Executive Board member Frank Elderson link.europa.eu/WRJQmg

The digital euro will bring the benefits of cash into the digital age: a secure form of public money that protects privacy and is accepted across the euro area, says ECB Executive Board member Piero Cipollone to Milano Finanza. Read the interview link.europa.eu/PFJjgx

Tune in today at 16:00 CET as Executive Board member Piero Cipollone and Professor Howard Davies discuss the digital euro and the future of money in the digital era at the International Festival of Economics in Turin. Follow live www.festivalinternazionaledelleconomia.com/en/event/1486/

Stress tests cannot predict the next crisis, but they can reveal weaknesses and improve our capacity to prepare, says Supervisory Board member Patrick Montagner. As risks evolve, system-wide stress testing must become broader and more agile link.europa.eu/FTgtbM

What do consumers in the euro area expect will happen to inflation, their incomes, their spending, and the value of their homes 12 months from now? We’ve published the latest results of our Consumer Expectations Survey. Press release link.europa.eu/87xXDg

China’s economic growth has many advantages for Europe, but more domestic consumption would benefit both China and the euro area, Chief Economist Philip R. Lane tells Xinhua news agency. He also discusses trade, energy and AI. Read the article english.news.cn/20261022/ea2...

Despite a rise in energy prices in 2026, the euro area economy proved resilient. This blog examines how lower vulnerability to energy shocks, policy support and the global AI upswing helped cushion the impact, and what is needed to sustain that resilience link.europa.eu/gF8Gc4

Executive Board member Piero Cipollone: Pontes and Appia: unlocking opportunities for banks (slides) link.europa.eu/3PJ8bP

International liquidity lines support the smooth transmission of monetary policy, says Chief Economist Philip R. Lane at the CF40-Euro50 luncheon in Shanghai. Read the speech www.ecb.europa.eu/press/key/da...

Has food inflation lost its bite? We explain why food inflation has fallen sharply, why new pressures are building from energy and extreme weather, and why many households are still feeling the impact of higher food prices link.europa.eu/vwnb6n

Can you spot a scam?   In our latest podcast episode, Catherine follows the trail of a fake ECB email to uncover how fraudsters exploit trust, create urgency and use new technologies to trick people – and what you can do to stay one step ahead.   Listen 👉 pod.link/ecbpodcast/e...

How did the euro area current account balance evolve in August? How does it compare with the same month a year earlier? Find out more in the press release www.ecb.europa.eu/press/stats/...

Simplification and integration are both part of the competitiveness agenda, Supervisory Board Vice-Chair Frank Elderson tells @diepressecom.bsky.social. That’s why it’s crucial that the European Commission's banking reform package keeps both sides together link.europa.eu/jphGFr

From Keynes’s famous “digging holes” example to modern stabilisation policy, Economics has come a long way in understanding how governments can respond to crises. The 2026 Nobel Prize recognises that progress. This blog post explains the research behind it link.europa.eu/MFGqkg

Climate change and nature degradation are a certainty in an uncertain world, says Executive Board member Frank Elderson. Stronger resilience requires adaptation and mitigation, sustained investment, international cooperation, and early, decisive action link.europa.eu/V3D7M6

Watch live at 8:00 CET: Executive Board member Frank Elderson talks about navigating climate risks in an uncertain world at the Green Swan conference in Manila, organised by the BIS, the Bangko Sentral ng Pilipinas, the Banca d’Italia and the NGFS network. www.youtube.com/live/YYj9rO7...

The global economy has proven surprisingly resilient to uncertainty, says President Lagarde. A return to an international economic order grounded in openness, predictability and the rule of law would help trade and investment. Read the IMFC statement link.europa.eu/XfnbnP @president.ecb.europa.eu

@ec.europa.eu @ecb.europa.eu #Eurogroup to set up a dialogue with China to discuss macroeconomic policy. We aim to foster mutual understanding, sustainable growth and a vibrant industry while preserving the rules-based international order. We look forward to continuing this work.

The world is becoming more complex, more interconnected and more uncertain on a daily basis, says Supervisory Board Vice-Chair Frank Elderson. In this environment, banks need to build their resilience and prepare adequately for unexpected surprises link.europa.eu/NH9FGG

Europe has much to gain from AI, says Chief Economist Philip R. Lane at the International AI Summit in Dublin. Realising these benefits will require action from a wide range of actors to support the sustainable transformation of the economy. Read the speech ecb.europa.eu/press/key/da...

Account of the monetary policy meeting of the Governing Council of the ECB on 9-10 September 2026 www.ecb.europa.eu/press/accoun...

Live now: Chief Economist Philip R. Lane takes part in a fireside chat on inflation dynamics in the euro area at the @societegenerale.com Global Markets Conference. Watch the livestream socgen.canalchat.fr/e/gmc/2026/

Climate change and the transition to a carbon-neutral economy do not affect everyone equally. The distributional effects of climate change and the transition can become relevant for price and financial stability link.europa.eu/VQDjBj

We are working to ensure people can use cash in both physical and digital form, Executive Board member Piero Cipollone tells @Corriere. The digital euro will offer the highest standards of security, resilience and reliability, at no cost to individuals link.europa.eu/WWmX4R

European banks are much more resilient than in 2012, says Supervisory Board member Patrick Montagner. With uncertainty rising, it is crucial that any changes to banking rules preserve this resilience. Read the interview www.bankingsupervision.europa.eu/press/interv...

In the digital age, payments and finance need a trusted monetary anchor, says Executive Board member Piero Cipollone. We are modernising public money and building a European financial system that is more innovative, integrated, resilient and competitive link.europa.eu/Kgw7mF

Effectiveness and simplification go hand in hand, says Supervisory Board Vice-Chair Frank Elderson. By focusing on material risks and ensuring the most relevant weaknesses are addressed without delay, supervisors can make the dialogue with banks simpler and more effective link.europa.eu/DhbQ3g

Watch live at 15:00 CET: Supervisory Board Vice-Chair Frank Elderson talks about how effective remediation can safeguard the resilience of European banks in a panel discussion at the 17th FMA Supervisory Conference in Vienna. www.fma.gv.at/en/

Coming up at 13:45 CET: Supervisory Board Chair Claudia Buch takes part in a panel discussion on “The future of Europe’s banking union” at the FMA Supervisory Conference in Vienna www.fma.gv.at

AI has the potential to reshape the euro area economy. The ECB Blog explores in two parts the financing of AI investments. Here we focus on the current financing mix of the most AI-intensive sectors and the consequences for monetary policy link.europa.eu/cdtRQR

Europe’s economic future is more complex than the headlines suggest. In the latest episode of Euro Matters, Nobel Prize winner Paul Krugman @pkrugman.bsky.social discusses Europe's competitiveness, innovation, fragmentation and our place in a changing global economy pod.link/ecbpodcast

Live today: focus session for merchants interested in the digital euro pilot. Learn more about the pilot, what's next, and how you can get involved. link.europa.eu/h6mWMM

The energy shock is a key issue for interest rate policy, but its effect on growth and inflation must be considered alongside other factors such as financial conditions, fiscal policy and AI, Chief Economist Philip R. Lane tells Ansa. Read the interview link.europa.eu/Nnh8Gf

The recent surge in energy prices represents a second wave of the energy supply shock, says Chief Economist Philip R. Lane. Its effects on growth and inflation must be assessed alongside fiscal policy, AI and financial conditions. Read the speech www.ecb.europa.eu/press/key/da...

Live from 10:00 CET: Chief Economist Philip R. Lane delivers a keynote speech at the ECB Conference on Monetary Policy. Follow the livestream www.ecb.europa.eu/press/confer...

There is further scope to strengthen proportionality within the prudential framework, writes Supervisory Board Vice-Chair Frank Elderson. More proportionate supervision can help smaller banks focus resources on customers, competitiveness and efficiency link.europa.eu/prXv3v

We’re hosting our next media seminar on 18-19 November. Join us to discuss key banking supervision topics and meet members of the ECB’s Supervisory Board. If you work for the media and wish to attend, fill out the call for interest form by 16 October www.bankingsupervision.europa.eu/press/confer...

Coming up at 14:15 CET: Supervisory Board Chair Claudia Buch takes part in a panel discussion on “The financial system in the next fifteen years” at the tenth ESRB Annual Conference. Follow live www.esrb.europa.eu/news/schedul...

AI has the potential to reshape our economies. The ECB Blog explores the financing of AI investment in two posts. In this one we show that firms expect to rely overwhelmingly on their own resources to finance the transition link.europa.eu/d6qGTQ

Europe’s banks have solid foundations but must remain vigilant, says Supervisory Board member Patrick Montagner. They must now further strengthen their resilience and prepare for future shocks, without forgetting the lessons of the past. Read the speech link.europa.eu/BYWfGF

How did euro area bank interest rates evolve in August? How do they compare with July’s figures? Find out more in the press release www.ecb.europa.eu/press/stats/...

European banks will become more competitive if bank failures are handled the same way across the EU, says Supervisory Board member Pedro Machado. Trust in how banks fail unlocks freedom in how banks live. Read the speech www.bankingsupervision.europa.eu/press/speech...

I believe in societies’ ability to rediscover what unites them, President Lagarde tells La Croix in a wide-ranging interview reflecting on her life and career. But to do that, we need trust, respect and tolerance, and a shared purpose www.ecb.europa.eu/press/inter/... @president.ecb.europa.eu