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  • Published on August 14, 2026 - 13:08 GMT

    Do government subsidies drive global imbalances?

    14 August 2026 By Maria Grazia Attinasi, Lukas Boeckelmann, Isabella Moder, Til Pommer and Tajda Spital Widening global imbalances draw attention to policies shaping international trade. Using firm-level data, the ECB blog compares government support in …

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  • Published on August 6, 2026 - 08:32 GMT

    Economic Bulletin Issue 5, 2026

    Summary At its meeting on 23 July 2026, the Governing Council decided to keep the three key ECB interest rates unchanged. The outlook for energy prices, while highly volatile, stands close to the baseline of the June 2026 Eurosystem staff macroeconomic …

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