The European Central Bank is monitoring AI’s impact on the euro area economy, employment and financial stability

The European Central Bank is treating AI as a general-purpose technology and monitoring its impact on the euro area economy. So far, it has found no substantial effect on overall productivity or major changes in overall employment trends. The fourth-quarter 2025 Survey on the Access to Finance of Enterprises found that 64% of companies use AI experimentally or to a moderate extent, while only 7% use it extensively. Companies expect to allocate about 10% of their total investment to AI this year. The ECB said the global AI investment boom is pushing up long-term interest rates and materially tightening financial conditions in the euro area. It is closely monitoring AI-related financial and cyber risks.