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Today we took our latest monetary policy decisions:

🔵We raised our interest rates by 0.75 percentage points – a major step to make sure inflation returns to our 2% target

🔵More steps will follow. They will depend on how the inflation outlook develops

ecb.europa.eu/press/pressconf/

🐦🔗: nitter.eu/ecb/status/156787550

Banks now have more board-level expertise on climate-related risks, says Supervisory Board member Anneli Tuominen at the 9th Conference on the Banking Union. However, many are not yet fully aligned with our supervisory expectations.

Read more bankingsupervision.europa.eu/p

🐦🔗: nitter.eu/ecb/status/157287152

Credit rating agencies have made progress on climate risk but we still see room for improvement. Find out more about our efforts to assess how credit agencies take climate change into account ecb.europa.eu/pub/pdf/scpops/e

🐦🔗: nitter.eu/ecb/status/157286640

We commit to ambitious standards for integrating climate-related risks into the in-house credit assessment systems of euro area central banks by 2024. This is part of our action plan to incorporate climate change in our monetary policy ecb.europa.eu/pub/economic-bul

🐦🔗: nitter.eu/ecb/status/157286584

The latest Economic Bulletin is out!
The Bulletin presents the economic and monetary information which forms the basis for our policy decisions.

Read more ecb.europa.eu/pub/economic-bul

🐦🔗: nitter.eu/ecb/status/157286066

We are doing whatever is needed to bring inflation back to our 2% target, Executive Board member @Isabel_Schnabel tells @tonline.
We need to continue raising interest rates as inflation is likely to remain high for some time despite a looming downturn
ecb.europa.eu/press/inter/date

🐦🔗: nitter.eu/ecb/status/157282871

The average nominal yields for long-term debt securities issued by euro area governments in the past year increased to 0.9% in August. The largest increases were in Germany, Greece, France, Italy, Cyprus, Lithuania, Luxembourg, Malta and Austria
sdw.ecb.europa.eu/browseTable.

🐦🔗: nitter.eu/ecb/status/157250580

Climate-related taxes and spending represent only a small part of euro area governments’ budgets. Countries have set ambitious targets, but more measures are needed to mitigate the impact of climate change and reach net zero by 2050 ecb.europa.eu/pub/economic-bul

🐦🔗: nitter.eu/ecb/status/157249637

We are determined to deliver price stability, and expect to raise interest rates further to achieve 2% inflation, says President @Lagarde. We must settle at a rate that ensures inflation returns durably to our target, as the economic environment evolves ecb.europa.eu/press/key/date/2

🐦🔗: nitter.eu/ecb/status/157228074

Banks’ risk management practices should correspond to their risk-taking, says Supervisory Board member Elizabeth McCaul at the European Leveraged Finance Conference. Banks should properly identify, measure, manage and limit risks.

Read the full speech bankingsupervision.europa.eu/p

🐦🔗: nitter.eu/ecb/status/157225116

The distribution of longer-term inflation expectations of professional forecasters has recently recentred around 2%, according to our survey. But some respondents expect the current inflation spike to be more persistent ecb.europa.eu/pub/economic-bul

🐦🔗: nitter.eu/ecb/status/157217534

The euro area labour market has recovered considerably since the trough during the pandemic. And the participation rate of older workers is now increasing again

3/3

🐦🔗: nitter.eu/ecb/status/157215305

The main reason for early retirement was poor health. This reflects people’s perceptions of greater health risks during the pandemic

2/3

🐦🔗: nitter.eu/ecb/status/157215304

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