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
Fighting money laundering is an area in which a unified European approach makes most sense. It benefits both customers and the functioning of the banking system, says Supervisory Board member Édouard Fernandez-Bollo to @LesEchos https://www.bankingsupervision.europa.eu/press/interviews/date/2023/html/ssm.in230228~76651ed35f.en.html
Chief Economist Philip R. Lane assesses the latest economic developments and talks about the role of different factors in bringing inflation back to 2%, in an interview with @Reuters.
Read the full interview https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230228~c78d1f2ca5.en.html
How did euro area bank lending and money supply evolve in January? How do they compare with December’s figures? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/md/html/ecb.md2301~feb6d6bf12.en.html
We will raise interest rates as high as needed to return inflation to our 2% target in a timely manner, President @Lagarde tells The @EconomicTimes in India. Our decisions will be data dependent. It will take what it will take.
Read the full interview https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230227~7c09d930f7.en.html
The latest Eurobarometer survey shows that support for the euro remains high!
79% of people in the euro area believe that having the euro is a good thing for the EU. #Eurobarometer
https://ec.europa.eu/commission/presscorner/detail/en/ip_23_1142
Inflation is still too high, President @Lagarde tells Helsingin Sanomat @hsfi. We have to be confident it will return to 2% in a timely manner. Our decisions will be determined by the incoming data and driven by that goal.
Read the interview https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230225~043f187a63.en.html
RT @FrankElderson: Russia’s war in Ukraine is unjust, illegal and horrifying. It is a painful and crucial reminder to all of us that we can never take peace for granted.
My thoughts are with the victims, their families and friends, and all those affected by the violence. #StandWithUkraine 🇺🇦
Russia’s unjustified war against Ukraine and its people is first and foremost a human tragedy. But it is also having a substantial economic impact, especially in the euro area. #TheECBblog looks at how the war has affected the euro area economy https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog20230224~3b75362af3.en.html
A year ago we witnessed a dark day in Europe when Russia launched its unjustified invasion of Ukraine. We pay tribute to the Ukrainian people as they fight to defend their freedom.
We’ve published details of our financial position at the end of 2022. How do central banks’ profits and losses come about?
Host @KatieRanger_ talks about this with press officer @w_lelieveldt on #TheECBPodcast.
Listen here https://pod.link/1481819425/episode/06be5c42fff95b33360645fd2fb1ddaa
🧵Our annual accounts show that our balance sheet rose to €699 billion in 2022. The profit & loss account showed a result of zero, because our losses, mostly resulting from rising interest rates, were covered by provisions we’d set aside in the past.
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The Governing Council met in Lapland, Finland, for a regular meeting on non-monetary policy topics and an informal working meeting. Thank you Governor @ollirehn and @SuomenPankki for the invitation, and for your warm hospitality.
Photo: Jaakko Koskentola/Suomen Pankki
Risk culture influences how managers and employees approach risks, and therefore affects the safety of banks. Even during periods of solid financial health banks need a strong risk culture to help prevent future losses.
More in our Supervision Newsletter https://www.bankingsupervision.europa.eu/press/publications/newsletter/2023/html/ssm.nl230215_3.en.html?utm_source=ecb_twitter&utm_medium=social&utm_campaign=230215_basu_newsletter_feb_2023
Tech innovation is driving structural change throughout the economy, including in banking. Digital transformation is no longer an option for banks. It is essential for them to stay competitive and meet customers’ demands. More in our Supervision Newsletter https://www.bankingsupervision.europa.eu/press/publications/newsletter/2023/html/ssm.nl230215_2.en.html?utm_source=ecb_twitter&utm_medium=social&utm_campaign=230215_basu_newsletter_feb_2023
#ICYMI President @Lagarde joined Finnish journalist @AnnaKarismo to answer questions from students about the economy, inflation, gender diversity and more.
Watch their conversation https://areena.yle.fi/1-65061971?seek=26
Crypto-assets are subject to significant risk and boom-and-bust cycles. The Basel standard on how to treat banks’ crypto-assets and capital requirements is a key milestone in protecting the banking system from such risks. More in our Supervision Newsletter https://www.bankingsupervision.europa.eu/press/publications/newsletter/2023/html/ssm.nl230215_1.en.html?utm_source=ecb_twitter&utm_medium=social&utm_campaign=230215_basu_newsletter_feb_2023
RT @Lagarde: What we do @ecb affects people throughout the euro area from Faro to Nuorgam, from Galway to Thessaloniki. Your views and concerns matter in the decisions we make.
Watch from 20:00 CET on Tuesday as I answer questions from the Finnish public on Yle TV1 https://areena.yle.fi/1-3229465
Keeping banks sound and healthy requires ongoing supervision, while ensuring they’re fit for the future. In uncertain times, it is crucial that banks adapt their business models to macroeconomic changes.
Read the full article in our Supervision Newsletter https://www.bankingsupervision.europa.eu/press/publications/newsletter/2023/html/ssm.nl230215.en.html
Banks are not overregulated, says @centralbank_ie Deputy Governor Sharon Donnery. We will continue to adopt a risk-based approach to supervision, adjusting it as the risk environment changes.
Read the full interview in our Supervision Newsletter https://www.bankingsupervision.europa.eu/press/interviews/date/2023/html/ssm.in230215~203ccad663.en.html
We will raise rates until incoming data show that policy is sufficiently restrictive, Executive Board member @Isabel_Schnabel tells @bloomberg. We will keep rates high until we see robust evidence of underlying inflation returning to 2% in a timely manner
https://www.ecb.europa.eu/press/inter/date/2023/html/in230217~936be841f2.en.html
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
