Banking supervision is adapting to technological change and embracing the opportunities that AI presents, says Supervisory Board member Pedro Machado. While AI supports supervisory assessments, it doesn’t replace human judgement – and we’re carefully managing the related risks link.europa.eu/tyj36d

Philippe Aghion, Joel Mokyr and Peter Howitt have won the Nobel Prize in Economics. In July Philippe joined us at the #ECBForum to discuss the opportunities AI offers and the role institutions play in harnessing or hampering its potential. Listen to Philippe on our podcast link.europa.eu/c46KBc

The prognosis on climate change is alarming: the remaining carbon budget to limit warming to 1.5°C is equivalent to three years of emissions at current rates. But why does this matter for the economy? Paul Gordon discusses this and more with Johan Rockström and Irene Heemskerk link.europa.eu/jXPBHp

🇳🇴🇪🇺 Executive Board member Piero Cipollone met today with Governor Ida Wolden Bache and a delegation from Norges Bank at the ECB. They discussed cooperation on payments, including Norway’s decision to explore joining T2, the Eurosystem’s real-time gross settlement system.

The current challenges call for more Europe, not less, says Supervisory Board Chair Claudia Buch. Harmonising national rules would significantly improve integration, strengthen competitiveness and enhance the efficiency of the European banking sector link.europa.eu/JXwGjD @europarl.europa.eu

Watch live: Supervisory Board Chair Claudia Buch appears before the European Parliament’s Committee on Economic and Monetary Affairs. Watch live multimedia.europarl.europa.eu/en/webstream... @europarl.europa.eu

Supervisory Board Chair Claudia Buch will appear before the European Parliament’s Committee on Economic and Monetary Affairs @europarl.europa.eu. She will answer questions on the state of Europe's banking sector and latest developments in supervision multimedia.europarl.europa.eu/en/webstream...

Letter from Piero Cipollone to Aurore Lalucq, ECON Chair, on technical data on financial stability impact of digital euro and assessment of bank investments costs link.europa.eu/TF9Bfp

Do European workers see US tariff hikes as a threat to their job security? According to our survey, while most workers are fairly relaxed, those in export-oriented sectors and those with lower incomes are more worried than before the tariff increase. link.europa.eu/7Q4j9n

In an interview with Delfi, Executive Board member Piero Cipollone explains how the digital euro can reduce Europe’s reliance on foreign payment solutions and benefit European consumers, merchants and banks alike. Read the full interview link.europa.eu/xBxDjM

Coming up at 15:00 CET: Supervisory Board member Anneli Tuominen moderates the panel discussion “Tackling cyberrisks and maintaining the operational resilience of critical financial infrastructure in unstable times” at the International Conference on Finance. Follow www.youtube.com/watch?v=NmFf...

Coming up at 12:30 CET: Supervisory Board Vice-Chair Frank Elderson joins a panel discussion on “Innovation and growth trapped in regulation or consumers and businesses protected by regulation” at the Finantsinspektsioon International Conference on Finance. Follow www.youtube.com/watch?v=NmFf...

Coming up at 11:15 CET: Supervisory Board Chair Claudia Buch joins a panel discussion on “Regional growth and financing and financial stability challenges in the current macroeconomic and geopolitical environment” at the International Conference on Finance. Watch live www.youtube.com/watch?v=NmFf...

The international role of the euro cannot be a secondary question. It is central to Europe’s ability to turn the euro from a safe-haven currency into a truly global currency, and to turn our weaknesses into lasting benefits. Read my speech link.europa.eu/fdWYqH

Online banking increases the speed of deposit flows, but the effect is nuanced and measurable, says Supervisory Board member Pedro Machado. This underlines the role of depositors’ behaviour and the need to integrate digitalisation into supervisory and regulatory frameworks link.europa.eu/9rMDJb

Introductory statement by President Christine Lagarde at the hearing of the Committee on Economic and Monetary Affairs of the European Parliament www.ecb.europa.eu/press/key/da...

Lagarde: The euro can be more than the currency of a continent and a symbol of unity – it can become a global anchor of trust. Europe needs bold reforms to turn this vision into reality.

Lagarde: The euro has firmly established itself as the world’s second most used currency. The changing global environment offers an opportunity to create conditions to strengthen the euro’s role on the global stage.

Lagarde: With inflation currently at around 2% and expected to stay around that level, we can say that the disinflationary process is over. At its last meeting, the Governing Council therefore decided to keep the key ECB interest rates unchanged.

Lagarde: The economy grew by 0.7% in cumulative terms in the first half of 2025, with stronger growth in the first quarter partly due to frontloaded global trade ahead of expected tariff hikes. The economy is projected to grow by 1.2% in 2025, by 1.0% in 2026 and by 1.3% in 2027.

President Christine Lagarde: In recent months we have faced a period of heightened uncertainty. Despite these challenges, the euro area economy has held up well. As a foundation for stability and a powerful symbol of European unity, the euro is one of Europe’s greatest assets.

Live now: President Lagarde speaks before the Committee on Economic and Monetary Affairs of the @europarl.europa.eu and answers questions from its members. Follow here multimedia.europarl.europa.eu/en/webstream...

Members of our Executive Board and Supervisory Board welcomed representatives from @europarl.europa.eu’s Committee on Economic and Monetary Affairs and discussed various economic and banking supervision topics. Our regular dialogue is key to ensuring our accountability to Europeans.

Post-crisis regulation has helped banks to serve the economy even in the presence of large shocks, says Executive Board member @isabelschnabel.bsky.social. Instead of deregulation, we need more efficient regulation, deeper European integration and greater sovereignty link.europa.eu/nvd4cN

Coming up today at 15:50 CET: Executive Board member @isabelschnabel.bsky.social joins a panel discussion on macro-financial stability in a fragmenting word at an event in Amsterdam. Watch live qcnl.tv/p/LmQm8BouTB...

Policymakers should adapt regulation and supervision to a changing environment, says President Christine Lagarde. They should do so not by lowering standards for banks, but by levelling them up for non-banks that are involved in bank-like activities www.ecb.europa.eu/press/key/da...

In an interview with Radio Televisión Española, Supervisory Board Chair Claudia Buch speaks about how geopolitical risks affect banks and highlights the importance of bank preparedness in facing heightened cyber risks. Watch the interview www.rtve.es/play/videos/... @rtvenoticias.rtve.es

The ECB Blog shows that heightened uncertainty about economic policy in the United States significantly affects business lending in the euro area. This weighs on investment and reduces the effectiveness of monetary policy. link.europa.eu/txmH7k

How are we simplifying supervision while safeguarding resilience? And what are we doing to become more efficient, effective and risk-focused in a rapidly changing environment? Find out on #TheECBPodcast www.ecb.europa.eu/press/tvserv...

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

European banks have made good progress in identifying and managing climate and nature-related risks, says Supervisory Board Vice-Chair Frank Elderson. But they must remain well prepared and resilient to evolving physical and transition risks www.bankingsupervision.europa.eu/press/speech...

Central banks must innovate to keep central bank money at the technological frontier, says Executive Board member Piero Cipollone. This is essential to ensure it remains an anchor of trust and stability in a fast-changing financial system. Read the speech www.ecb.europa.eu/press/key/da...

We can take comfort in having overcome a large inflation shock after the pandemic, and in how the economy has coped so far with an upheaval in trade relations, says President Christine Lagarde. And yet, we must remain alert to the possible new shocks that may still lie ahead link.europa.eu/hj9PRc

Follow live from 14:50 CET/15:50 Finland time: I will be speaking at the Bank of Finland’s 4th International Monetary Conference in Helsinki. My remarks will address current geopolitical challenges and their impact on monetary policy. Watch here www.youtube.com/watch?app=de...

Securitisation is a powerful tool that should be used with caution, says Supervisory Board member Pedro Machado. By continuing to ensure simplification and transparency, securitisation can play a meaningful role in funding Europe’s economy, while preserving financial stability link.europa.eu/98G8JR

Join us from 9:00 CET for the second day of our Inflation: Drivers and Dynamics 2025 Conference, co-hosted with the Center for Inflation Research at the Federal Reserve Bank of Cleveland. Follow the livestream link.europa.eu/KxYdGt

The digital euro keeps you in control of your money, your choices and your future in an increasingly fragmented world, says Executive Board member Piero Cipollone. A digital form of cash can protect Europe’s freedom, autonomy and security in the digital age. Read the speech link.europa.eu/W8fMky

Join us from 8:55 CET for the first day of our Inflation: Drivers and Dynamics 2025 Conference, co-hosted with the Center for Inflation Research at the Federal Reserve Bank of Cleveland. Follow the livestream link.europa.eu/KxYdGt

Letter from the ECB President to Mr Fabio De Masi, MEP, on monetary policy link.europa.eu/XmMvFQ

Join us next week for our Inflation: Drivers and Dynamics 2025 Conference, co-hosted with the Federal Reserve Bank of Cleveland. The event brings together top researchers and policymakers from academia, and central banks to present the latest research findings on inflation link.europa.eu/KxYdGt

Good statistics are accurate, timely, consistent and comparable. This ECB blog post looks back at past mistakes and what Europe has learned from them link.europa.eu/dgRBVB

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. Read the press release link.europa.eu/KQ8bpw

The digital euro innovation platform has brought together universities, fintechs, start-ups, banks and retailers, Executive Board member Piero Cipollone tells Milano Finanza. The results have been very encouraging, and a second round of experimentation will follow link.europa.eu/b7wgcx

Overall inflation has normalised, but food inflation and food prices remain high. The ECB Blog takes a closer look at the causes and consequences of stubbornly high food prices. link.europa.eu/rtcYR9

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

📖 The latest #EconomicBulletin is out! It presents the economic and monetary information which forms the basis for our policy decisions. Read the full issue of the Economic Bulletin link.europa.eu/87DqMB

Watch again: Executive Bord member Piero Cipollone discusses the economic outlook with Kriti Gupta on Bloomberg TV www.bloomberg.com/news/videos/...

This just in from our #EconomicBulletin! 📰 News coverage of inflation shapes expectations and price dynamics. While attention to inflation in the news has eased since peaking in 2022, it’s higher than before the inflation surge, with food prices still making headlines link.europa.eu/Hy4n4j

Watch live at 6:00 CET tomorrow: Executive Bord member Piero Cipollone sits down with Bloomberg TV to discuss the digital euro and more. Tune in www.bloomberg.com/live/us @bloomberg.com

България ще премине към еврото на 1 януари 2026 г. и така ще стане 21-вата държава в еврозоната. Посветихме на темата специална уебстраница с информация за смяната на паричната единица в България link.europa.eu/YHfrYK