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
How did euro area bank interest rates evolve in February? How do they compare with January’s figures? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/mfi/html/ecb.mir2302~efed62bf73.en.html
RT @FrankElderson: A resilient financial system is paramount for the green transition as major private and public investment is needed to make it happen.
This stress test will offer policymakers valuable insights as the EU prepares to meet its 2030 climate goals ⬇️
RT @ESRBofficial: We’re pleased to provide the climate scenarios for this one-off exercise to assess how resilient Europe’s financial system will be during the green transition.
Looking forward to working together with the @ecb and the European Supervisory Authorities https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter230328-mcguinness~7bb1dd1624.en.pdf?6d5ae5d511c62835aff1ba1935827824
What really drives inflation? Profits or wages?
When prices are high, workers request higher wages, so firms raise prices again… and so on. If this “tit-for-tat” approach continues, everyone ends up poorer.
Read #TheECBblog to find out why https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog.230330~00e522ecb5.en.html
We will test the financial system’s resilience to climate risks as the EU prepares to meet its 2030 climate goals – a task given to us by the @EU_Commission.
We stand ready to carry out the assessment with the European Supervisory Authorities https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter230328-mcguinness~7bb1dd1624.en.pdf?6d5ae5d511c62835aff1ba1935827824
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/eb202302.en.html
Recent market tensions have made the inflation outlook in the euro area more uncertain, Executive Board member @FrankElderson tells @el_pais. We remain committed to bringing inflation back to our 2% target in the medium term ⬇️
RT @FrankElderson: One thing is clear: inflation is too high and we have to bring it down. In my interview with @el_pais, I talked about our recent interest rate decisions and the outlook for the euro area economy https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230330~82d6ab8337.en.html
Chief Economist Philip R. Lane talks to @zeitonline about the latest economic developments and explains that there is no trade-off between ensuring financial stability and tackling inflation.
Read the full interview https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230329~b8fe0aae15.en.html
What is the best way to absorb economic shocks? Private risk sharing or public risk sharing?
#TheECBblog argues that a combination of both is more effective in protecting European citizens against poor economic performance https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog.230329~ec0166ef99.en.html
Geopolitical tensions are playing an ever-larger role in global trade relations, increasing the risk of fragmentation. A trade fragmentation scenario would result in welfare and trade losses and a rise in global prices https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202302_03~d4063f8791.en.html #EconomicBulletin
RT @Lagarde: I’m pleased to be joining the opening ceremony of the #BISInnovationHub Eurosystem Centre in Frankfurt today.
Watch the event live from 15:00 CET https://www.bis.org/events/230328_ih_eurosystem_opening.htm
@BIS_org @banquedefrance @bundesbank
RT @FrankElderson: The results of our first climate stress test show that climate risks have a big impact on euro area central bank balance sheets.
These tests, which are part of our @ecb climate action plan, will improve our methodology and help us cover a wider range of financial exposures ⬇️
In 2022 we conducted the first climate risk stress test of euro area central bank balance sheets to analyse how sensitive our financial risk profile can be to climate-related risk scenarios and improve our risk assessment capabilities https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202302_06~0e721fa2e8.en.html #EconomicBulletin
Market turmoil always triggers political debates on regulatory reforms, but we should rather focus on the effectiveness of supervision, says Supervisory Board Chair Andrea Enria. Effective supervision is the best reassurance for depositors.
Excess reserves affect the way we implement monetary policy, says Executive Board member @Isabel_Schnabel. In the steady state, our balance sheet should only be as large as is necessary to ensure sufficient liquidity and steer short-term interest rates
https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230327_1~fe4adb3e9b.en.html
We expect all banks under our supervision to be fully aligned with our expectations on climate and environmental risks by the end of 2024, says Supervisory Board Vice-Chair @FrankElderson. It’s both urgent and vitally important for banks to identify and manage those risks.
More⬇️
RT @FrankElderson: Banks are making necessary progress in addressing climate and environmental risks. However, it should be noted that their environmental risk management capabilities are…
How did euro area bank lending and money supply evolve in February? How do they compare with January’s figures? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/md/html/ecb.md2302~952f671d72.en.html
Our #EconomicBulletin assesses the uneven impact of recent energy price shocks. Those more affected include lower-income households and non-energy companies, despite government support. This is because they were more exposed to fluctuations in energy costs https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202302_05~d811cd64f4.en.html
Russian oil supplies have been resilient to the EU embargo and the G7 price cap, limiting the effect of sanctions on global oil prices. But sanctions could yet have a stronger impact on global oil markets as uncertainty remains, says the #EconomicBulletin https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202302_02~59c965249a.en.html
A decline in core inflation is key to achieving a timely return to our 2% inflation target, Vice-President Luis de Guindos tells Irish @businessposthq. Financial stability is vital and we’re closely monitoring it.
Read more https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230326~d58344edad.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
