European Central Bank @ecb@respublicae.eu
Unofficial automated mirror. No copyright asserted. ∎ The European Central Bank is the central bank for Europe's single currency, the euro. Its main task is to maintain the euro's purchasing power.
Joined Apr 2022
Executive Board member Philip R. Lane provides his latest assessment of the economic outlook and the ECB’s monetary policy in a discussion for the @FT’s Economists Exchange feature.
Read the full interview https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230117~1ab0df6f3d.en.html
Banks should be well prepared and maintain their counterparty credit risk at an acceptable level, says Supervisory Board Chair Andrea Enria. We will use all available supervisory tools to ensure they address weaknesses in their risk management promptly.
https://www.bankingsupervision.europa.eu/press/blog/2023/html/ssm.blog230113~625a66b402.en.html
What do consumers in the euro area expect will happen to inflation, their incomes, their spending and the value of their homes 12 months from now? We’ve published the latest results of our Consumer Expectations Survey.
Press release https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230112~6cfbeda491.en.html
Our bank lending survey points to a deceleration of growth in loans to euro area firms and people for house purchases in the coming months. The survey gives us useful information for predicting future loan growth https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202208_07~5f7ba986d9.en.html #EconomicBulletin
Euro area firms report increasing financing gaps in the SAFE survey and expect a deterioration in the future availability of bank loans. Our analysis in the #EconomicBulletin shows that such conditions have historically foreshadowed lower GDP growth https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202208_05~e35e17c111.en.html
Croatia has joined the euro area! The country has met all the criteria, addressed macroeconomic imbalances and adopted policies aimed at ensuring price stability. The benefits will be clear both in the short and long term https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202208_02~15fd36600a.en.html #EconomicBulletin
The bond buying under the pandemic emergency purchase programme was key to stabilising markets, supporting monetary policy transmission and curbing risks to price stability. Our #EconomicBulletin reviews the benefits of this tool’s flexible implementation https://www.ecb.europa.eu/pub/economic-bulletin/articles/2023/html/ecb.ebart202208_01~bf0907fa1f.en.html
The latest Economic Bulletin is out! The Bulletin presents the economic and monetary information which forms the basis for our policy decisions. Read more https://www.ecb.europa.eu/pub/economic-bulletin/html/eb202208.en.html
🧵The recent increase in people’s private consumption in the eurozone masks the different developments across individual consumption components. The rise was mainly supported by consumption of services, while consumption of goods fell https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202208_03~2ca54e2b1b.en.html #EconomicBulletin
1/3
The green transition can only thrive with price stability, says Executive Board member @Isabel_Schnabel.
Higher interest rates should not be used as a scapegoat for government delays in implementing prior climate commitments.
Read her speech
https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230110~21c89bef1b.en.html
Governments in the euro area presented their spending plans for 2023, including energy-related support measures. Fiscal policies need to be targeted, temporary and attentive to debt sustainability to avoid fuelling inflationary pressures https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202208_08~8caa7063ac.en.html #EconomicBulletin
🧵Inflation is expected to be higher and more persistent in the United States than in the euro area over the next two years despite headline inflation rate, driven mainly by food and energy prices rising more in the euro area recently https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202208_01~c11d09d5fd.en.html #EconomicBulletin
1/3
Bankers and supervisors should be monitoring risks arising from the current environment, says Supervisory Board member Kerstin af Jochnick. Banks need to proactively guard against credit risk and ensure they fully meet our supervisory expectations.
More https://www.bankingsupervision.europa.eu/press/interviews/date/2023/html/ssm.in230110~27fd2272fa.en.html
🧵Wage growth indicators have been extremely volatile since the start of the pandemic, partly due to job retention schemes. Recently, wage growth in the euro area has gradually started to pick up, especially in the services sector https://www.ecb.europa.eu/pub/economic-bulletin/articles/2023/html/ecb.ebart202208_02~2328747465.en.html #EconomicBulletin
1/4
The cost to society of an unregulated crypto industry is too high to ignore, writes Executive Board member Fabio Panetta in the ECB Blog. Regulators should treat trading in unbacked digital assets as they would gambling activities.
https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230105~75d5aee900.en.html
1/3
🧵Interested in insights into the world of central banking?
Catch up with #TheECBPodcast to listen to our host, @katieranger_, talk to experts about the topics that matter to the euro area economy today.
Here is a recap of some of the episodes in 2022 ⬇️
1/4
Borrowing has become more expensive for governments. But despite interest rate increases, government debt can remain on a sound path. #TheECBblog looks at a favourable balance between debt costs and economic growth.
Read more https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230104~7aa6afd8fb.en.html
How did euro area bank interest rates evolve in November? How do they compare with October’s figures? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/mfi/html/ecb.mir2211~8eae8f300c.en.html
🧵 In 2022 we published ten new or updated Explainers, a clear and visual way to understand central banking topics – available in all EU languages!
Here is a recap of some of them in case you missed them ⬇️
1/4
RT @HNB_HR: Guverner HNB-a Boris Vujčić i ministar financija Marko Primorac podigli prve eure s bankomata. @ecb @VladaRH @EU_Commission Više na https://www.hnb.hr/-/povijesni-trenutak-republika-hrvatska-sluzbeno-uvela-euro-kao-novu-valutu-i-time-postala-20-drzava-clanica-europodrucja
Unofficial automated mirror. No copyright asserted. ∎ The European Central Bank is the central bank for Europe's single currency, the euro. Its main task is to maintain the euro's purchasing power.
Joined Apr 2022
