Jürgen Schaaf explains how stablecoins are reshaping global finance, with the US dollar at the helm. He suggests that without a strategic response, European monetary sovereignty and financial stability could erode. However, he argues that in this disruption there is also an opportunity for the euro to emerge stronger.

The original post was published on 28 July 2025.
www.ecb.europa.eu/press/blog/date/2025/html/ecb.blog20250728~e6cb3cf8b5.en.html

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European Central Bank
www.ecb.europa.eu

Release date:
28 July 2025

From hype to hazard: what stablecoins mean for Europe

Lukas Boeckelmann, Lorenz Emter, Vanessa Gunnella, Karin Klieber and Tajda Spital argue that with trade tensions between China and the United States reaching new heights , Chinese exports may be redirected to the euro area. In a severe scenario, this additional supply and the accompanying lower import prices could bring down euro area inflation by as much as 0.15 percentage points.

The original post was published on 30 July 2025.
www.ecb.europa.eu/press/blog/date/2025/html/ecb.blog20250730~833a22650e.en.html

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European Central Bank
www.ecb.europa.eu

Release date:
30 July 2025

China-US trade tensions could bring more Chinese exports and lower prices to Europe

This post by Niccolò Battistini and Johannes Gareis explores the ripple effects of the ECB’s recent monetary policy on housing affordability, housing sales and households’ home goods consumption.

The original post was published on 31 July 2025.
www.ecb.europa.eu/press/blog/date/2025/html/ecb.blog20250731...

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European Central Bank
www.ecb.europa.eu

Release date:
31 July 2025

The ripple effects of monetary policy on housing and consumption

Sean Markowicz and Sophie Barrington take a deep dive into the US-EU trade agreement, the latest updates from the major central banks, and recent moves in currency markets.

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#333 Trade deals, interest rates and the US dollar

Pablo Anaya Longaric, Katharina Cera, Georgios Georgiadis and Christoph Kaufmann examine how investment funds adjust their holdings of euro area sovereign debt in comparison with other domestic and international investor groups, including banks, insurance companies and households in times of stress in euro area sovereign bond markets.

The original post was published on 12 August 2025.
https://www.ecb.europa.eu/press/blog/date/2025/html/ecb.blog20250814~86d5171bf2.en.html

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European Central Bank
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Release date:
12 August 2025

Who are the “bond vigilantes” on sovereign debt markets?

Minulý týden si uzmula velkou část pozornosti investorů makrodata, která vyvrcholila slabým reportem z trhu práce v zámoří. V tomto týdnu u makra do značné míry zůstaneme, ale přesuneme se od reálné ekonomiky k vývoji cen - americká inflace by totiž měla za srpen stoupnout. A jako obvykle se do hry může viditelně zapojit politika, kdy pravděpodobně padne francouzská vláda. A z korporátních zpráv Robinhood, AppLovin a Emcor vstupují do S&P 500.

Týdenní výhled: Špatný trh práce v USA převáží nad rostoucí inflací a nové přírůstky do S&P 500

Today our Governing Council decided on monetary policy.

Listen to President Christine Lagarde present today’s decisions. The statement also covers: 

•	how the economy is performing  
•	how we expect prices to develop 
•	the risks to the economic outlook  
•	the dynamics behind financial and monetary conditions 

Published and recorded during our press conference on 11 September 2025.

Our monetary policy statement at a glance, 11 September 2025
https://www.ecb.europa.eu/press/press_conference/visual-mps/2025/html/mopo_statement_explained_september.en.html

Christine Lagarde, Luis de Guindos: Monetary policy statement, 11 September 2025 
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2025/html/ecb.is250911~a13675b834.en.html

Monetary policy decisions, 11 September 2025 
https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.mp250911~6afb7a9490.en.html

Combined monetary policy decisions and statement, 11 September 2025 
https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/shared/pdf/ecb.ds250911~df624f06ba.en.pdf

Macroeconomic projections, 11 September 2025
https://www.ecb.europa.eu/press/projections/html/ecb.projections202509_ecbstaff~c0da697d54.en.html

European Central Bank  
https://www.ecb.europa.eu/home/html/index.en.html

President Lagarde presents the latest monetary policy decisions – 11 September 2025

A field experiment indicates that direct communication with ECB visitors better anchors their inflation expectations. As Alexander Jung, Francesco Paolo Mongelli and Christian Scherf show, visitors with little knowledge of monetary policy are particularly likely to align their expectations with the ECB’s inflation target after speaking to central bankers.

The original post was published on 16 September 2025.
www.ecb.europa.eu/press/blog/date/2025/html/ecb.blog20250916~23a41f157c.en.html

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European Central Bank
www.ecb.europa.eu

ECB visitors – can direct communication alter inflation expectations?

Good statistics are accurate, timely, consistent and comparable. Only then can they be the unbiased reality check needed for responsible decision-making. Claudia Mann looks back at past mistakes and what Europe has learned from them.

The original post was published on 26 September 2025.
www.ecb.europa.eu/press/blog/date/2025/html/ecb.blog20250926~e348e2b4b9.en.html


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European Central Bank
www.ecb.europa.eu

Don’t blame the herald: statistical independence is indispensable

Banks are the backbone of our economy.

In a rapidly changing environment, they need to adapt and stay competitive to keep providing funding to people and businesses.

But so does ECB Banking Supervision. What are we doing to become more efficient, effective and risk-focused? And how are we simplifying supervision while safeguarding resilience? Our host Stefania Secola speaks to Supervisory Board member Sharon Donnery to find out.

The views expressed are those of the speakers and not necessarily those of the European Central Bank.

Published on 1 October 2025 and recorded on 24 September 2025.


In this episode:

01:10 How are Europe’s banks doing?

What is going well? What about the challenges banks face, like those coming from geopolitical tensions, digitalisation and the climate crisis? And are we seeing signs of deterioration in banks’ asset quality?

04:12 Are the current rules too complex?

Are Europe’s banks over-regulated? Why does a complex business like banking need sufficiently developed rules? And is there room to make things simpler for both supervisors and banks?

05:34 Does simplification mean deregulation?

How do they differ from one another? And how will we put guardrails in place to safeguard the resilience we have worked so hard to build in the banking sector?

08:33 How are we simplifying how we supervise banks?

What concrete steps have we taken? How will these change our regular health check for banks and the way we conduct stress tests?

11:22 Who is involved in simplifying supervision?

How do we make sure that the right people are involved? And how are banks, banking federations, academics and others involved in the work that’s being done?

13:04 What does simplification mean for banks, supervisors and customers?

More efficiency, shorter timelines and better use of limited resources? And how can banking union give customers more options when it comes to products and services?

15:53 What about simplifying regulation?

Beyond how we supervise banks, what steps are being taken to simplify the rules? What is being done at the European level, and how is our work on supervision feeding into that?

18:22 Our guest’s hot tip

Sharon shares her hot tip with our listeners.

Further reading:

As simple as possible, but not simpler
https://www.bankingsupervision.europa...

Sharon’s hot tip: Making European supervision more efficient, effective and risk-focused
https://www.bankingsupervision.europa...

ECB Instagram
  / europeancentralbank  

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Supervision, simplified

The ECB Blog offers new insights on the economy and central bank policies based on our data, analysis and research - for the euro area and beyond. For the full texts of our posts, including visuals, please visit our website.

Posts are authored by ECB staff and the audio versions are machine generated. The views expressed are those of the posts' authors and not necessarily those of the European Central Bank and the Eurosystem.

Inspirace pro Vaše investice. Podcasty retailové jedničky mezi brokery Patria Finance, jejíž součástí je respektovaný ekonomický a investiční portál Patria.cz. Zaposlouchejte se do investičních tipů, tržních výhledů, investičního vzdělávání a osvěty nebo rozhovorů se zajímavými osobnosti světa investování i byznysu.

Welcome to Word on the Street, a weekly podcast from Barclays Bank where our experts help ordinary investors make sense of the latest news and events impacting the world’s financial markets.

Please note that past performance is not a guarantee of future performance. All investments can fall as well as rise in value and you can lose some or all of your money. Additionally, this podcast does not constitute an investment recommendation.

The European Central Bank Podcast – bringing you insights into the world of economics and central banking. 

Our hosts Paul Gordon and Stefania Secola talk to experts about the topics and trends that matter to the eurozone economy today.

The views expressed are those of the speakers and not necessarily those of the European Central Bank.

New tracks tagged #ECB