The Governing Council today decided to keep the three key ECB interest rates unchanged. Inflation is currently at around the 2% medium-term target and the Governing Council’s assessment of the inflation outlook is broadly unchanged.The new ECB staff projections present a picture of inflation similar to that projected in June. They see headline inflation a...
1 OverviewTrade tariffs and related uncertainty contributed to strong fluctuations in economic activity during the first half of 2025, with frontloading of activity, especially in Ireland. The unwinding of these factors in the second half of the year is expected to entail further volatility, blurring signals of the underlying momentum of the euro area econ...
Annual growth rate of broad monetary aggregate M3 stood at 3.4% in July 2025, after 3.3% in June 2025Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, increased to 5.0% in July from 4.7% in June (revised from 4.6%)Annual growth rate of adjusted loans to households incre...
SummaryAt its meeting on 24 July 2025, the Governing Council decided to keep the three key ECB interest rates unchanged. Inflation is currently at the 2% medium-term target. The incoming information is broadly in line with the Governing Council’s previous assessment of the inflation outlook. Domestic price pressures have continued to ease, with wages grow...
