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
Inflation is still too high, said President Christine @Lagarde after raising interest rates by 0.25 percentage points today.
Watch the press conference https://youtu.be/M-c0ZrXag_Y
Today we took these monetary policy decisions:
🔵We raised interest rates by a further 0.25 percentage points
🔵In July we will stop buying bonds under our asset purchase programme
https://www.ecb.europa.eu/press/pressconf/visual-mps/2023/html/mopo_statement_explained_may.en.html
President @Lagarde has just presented the Governing Council’s monetary policy statement.
Read the statement https://www.ecb.europa.eu/press/pressconf/2023/html/ecb.is230504~f242392c72.en.html
Coming up in 15 minutes: watch live as President Christine @Lagarde explains the latest monetary policy decisions.
We raised interest rates by 0.25 percentage points. See our latest monetary policy decisions https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.mp230504~cdfd11a697.en.html
Later today: watch live as ECB President Christine @Lagarde explains the latest monetary policy decisions.
Interested in more detailed information on the euro area balance of payments?
Keep an eye out for our quarterly releases. They now include additional data on sectors, trading partners and the use of debt instruments in foreign direct investment.
Apply today for our Scholarship for Women! It offers a €10,000 grant, expert mentoring and an ECB study visit. You could be eligible if you are enrolled, or about to enrol, in a master’s in economics, computing, statistics or engineering.
Find out more https://www.ecb.europa.eu/careers/what-we-offer/wecs/html/index.en.html
How did euro area bank lending and money supply evolve in March? How do they compare with February’s figures? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/md/html/ecb.md2303~5a86c581c4.en.html
We asked 158 banks in the euro area about changes in their lending behaviour and loan demand during the first quarter of 2023.
Find out the results https://www.ecb.europa.eu/stats/ecb_surveys/bank_lending_survey/html/index.en.html
RT @ECB_Research: Check out the programme for the @ecb Banking Supervision Research Conference -Banking Supervision in a New Economy: Digitalisation, Climate and Financial Innovation. Register now to attend the sessions online on 2-3 May at https://www.bankingsupervision.europa.eu/press/conferences/html/20230502_research_conference.en.html https://t.co/BdD4XlCRWh
Banks need to build capital buffers when the economy is strong to support it in bad times.
Our Macroprudential Bulletin argues a positive neutral rate of the countercyclical capital buffer and more harmonisation in setting it would help its effectiveness https://www.ecb.europa.eu/pub/financial-stability/macroprudential-bulletin/html/ecb.mpbu202304_01~6eef01bb6a.en.html
Watch live from 20:00 CET: Vice-President Luis de Guindos discusses the economic and inflation outlook for the euro area in an interview with the Greek national broadcaster, @ertofficial_ https://www.ertnews.gr/live-tv/
We’ve made great progress on harmonising supervisory reporting in the EU over the last 20 years, says Supervisory Board Chair Andrea Enria. We must keep up momentum and push on towards integrated reporting for the good of the EU financial system.
Read more https://www.bankingsupervision.europa.eu/press/speeches/date/2023/html/ssm.sp230426~008d00b7a8.en.html
Banks have made meaningful progress in accounting for and addressing climate and environmental risks, writes Kerstin af Jochnick in the Eurofi Magazine. But they still lack more sophisticated methodologies and granular information on these risks https://www.bankingsupervision.europa.eu/press/interviews/date/2023/html/ssm.in230426~348adfbdc9.en.html
Watch again: A digital euro would complement cash and offer an additional payment option, says Executive Board member Fabio Panetta before the @europarl_en’s Committee on Economic and Monetary Affairs.
Watch again: A digital euro would protect people’s freedom to pay, says Executive Board member Fabio Panetta before the @europarl_en’s Committee on Economic and Monetary Affairs.
Our Chief Economist Philip R. Lane talks to @lemondefr about the current economic projections, upcoming interest rate decisions and why it’s important to get inflation back to 2% in a timely manner.
Full interview in English https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230425~cea897f3a0.en.html
Given the persistence of core inflation, it's far too early to declare victory, Executive Board member @Isabel_Schnabel tells @politico.
We need to see a sustained decline in core inflation that gives us confidence that our measures are starting to work https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230424~5276817272.en.html
🧵 Europeans see the ability to pay anywhere as the most important feature of a potential digital euro, says Executive Board member Fabio Panetta. People should always have the option to use it, just like they do with cash today.
Speech https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230424_1~f44c7ac164.en.html
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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
