Economic, financial and monetary developmentsSummaryAt its meeting on 5 February 2026, the Governing Council decided to keep the three key ECB interest rates unchanged. Its updated assessment reconfirmed that inflation should stabilise at its 2% target in the medium term. The economy remains resilient in a challenging global environment. Low unemployment, ...
In the week ending 13 February 2026 the net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) increased by EUR 0.8 billion to EUR 333.6 billion.The net balance of open market operations and standing facilities (asset item 5 minus liability i...
The aggregate of total assets of EU-headquartered credit institutions increased by 0.95%, from €33.12 trillion in September 2024 to €33.44 trillion in September 2025During the same period, EU credit institutions’ aggregate non-performing loans ratio[1] increased by 0.01 percentage points year on year to stand at 1.97% in September 2025EU ...
Interconnections between EU banks and the non-bank financial intermediation (NBFI) sector can give rise to systemic risksSystemic risks stem from concentrated short-term funding from NBFI entities to banks and bank lending to leveraged NBFI entitiesGranular data are crucial to assess bank-NBFI linkages, but data gaps constrain analysisThe European Central ...
ECB wage tracker updated with wage agreements signed up to mid-January 2026; forward-looking horizon remains unchanged at end-December 2026Forward-looking information continues to indicate that negotiated wage growth will level off at below 3% by the end of 2026ECB wage tracker with unsmoothed one-off payments at 3.0% in 2025 and 2.7% in 2026The European C...
Headline and core HICP inflation expectations unchanged across all horizonsReal GDP growth expectations unchanged except for a slight upward revision for 2026Unemployment rate expectations unchanged for 2026 and 2027 but slightly lower thereafterRespondents’ expectations for headline inflation, as measured by the Harmonised Index of Consumer Prices (HICP)...
Jump to the transcript of the questions and answersGood afternoon, the Vice-President and I welcome you to our press conference.We would like to begin by congratulating Bulgaria on joining the euro area on 1 January 2026. We also warmly welcome Dimitar Radev, the Governor of Българска народна банка (Bulgarian National Bank), to th...
Consolidated financial statement of the Eurosystem as at 23 January 2026
New provisions allow conditional reinstatement of access to Eurosystem monetary policy operations for entities subject to an open bank resolution schemeUpdates are a further step in gradually phasing out temporary collateral easing measuresThe European Central Bank (ECB) today published amendments to its guidelines on the implementation of monetary policy ...
In the week ending 16 January 2026 the net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) increased by EUR 1.2 billion to EUR 331.6 billion.The net balance of open market operations and standing facilities (asset item 5 minus liability items 2...
