Climate change, firms and aggregate productivity

Source: European Central Bank (video statements)

ECB Research Bulletin by Andrea Caggese, Andrea Chiavari, Sampreet Goraya and Carolina Villegas Sanchez.

Read more: https://www.ecb.europa.eu/press/research-publications/resbull/2025/html/ecb.rb250429~6f9636652d.en.html
The Research Bulletin features a selection of recent work on policy-relevant topics by ECB economists. Published on a monthly basis, the articles in the Research Bulletin are intended for a general audience.

The views expressed in each article are those of the authors and do not necessarily represent the views of the European Central Bank and the Eurosystem.

https://www.youtube.com/watch?v=aFCYDSakG_s

ECB Forum on Central Banking | Young Economist Prize 2025

Source: European Central Bank (video statements)

Young economists have a vital role to play in shaping Europe’s future. Every year we recognise this through the Young Economist Prize, a research competition that offers talented students the chance to share their fresh perspectives on today’s challenges.

Finalists are invited to the annual ECB Forum on Central Banking, and the overall winner is awarded €10,000.

https://www.youtube.com/watch?v=yGHBVn1QUiQ

Financial literacy in Europe – Mário Centeno, Governor, Banco de Portugal

Source: European Central Bank (video statements)

Financial literacy is crucial for Europeans to successfully navigate the complexities of today’s financial landscape.

Financial literacy in Europe
https://www.ecb.europa.eu/ecb-and-you/financial_literacy_europe/html/index.en.html

ECB International Women’s Day 2025
https://www.ecb.europa.eu/press/conferences/html/20250307_intl_womens_day.en.html

https://www.youtube.com/watch?v=MVYf_y3XV3g

President Lagarde presents the latest monetary policy decisions – 5 June 2025

Source: European Central Bank (video statements)

Today our Governing Council decided on monetary policy, determining what’s needed to return inflation to our 2% goal in a timely manner.

Listen to President Christine Lagarde present today’s decisions. The statement also covers:
• how the economy is performing
• how we expect pri¬ces to develop
• the risks to the economic outlook
• the dynamics behind financial and monetary conditions

Our monetary policy statement at a glance, 5 June 2025 https://www.ecb.europa.eu/press/press_conference/visual-mps/2025/html/mopo_statement_explained_june.en.html

Christine Lagarde, Luis de Guindos: Monetary policy statement, 5 June 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2025/html/ecb.is250605~f00a36ef2b.en.html

Monetary policy decisions, 5 June 2025 https://www.ecb.europa.eu/press/pr/date/2025/html/ecb.mp250605~3b5f67d007.en.html

Combined monetary policy decisions and statement, 5 June 2025 https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/shared/pdf/ecb.ds250605~dc79b630e3.en.pdf?1ae87c3b33214537469188411c6fec52

Macroeconomic projections, 5 June 2025 https://www.ecb.europa.eu/press/projections/html/ecb.projections202506_eurosystemstaff~16a68fbaf4.en.html

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

Published and recorded during our press conference on 5 June 2025

https://www.youtube.com/watch?v=jX9VdQfDRbA