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
The ECB’s climate change indicators provide policymakers with valuable data on the climate-related risks facing the euro area economy.
Our #EconomicBulletin examines the indicators, covering sustainable finance, carbon emissions and physical risks https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202305_04~9763eb5823.en.html
Growth in the euro area’s non-financial corporate bond market has led to a far more diversified investor base, our #EconomicBulletin finds. Insurance corporations and pension funds are now no longer the largest holders within the private sector https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202305_06~3f689a7ab9.en.html
House price growth is slowing in advanced economies. Our #EconomicBulletin finds that the peak effect of monetary policy shocks on house prices and consumption varies across countries, a divergence largely linked to the collateral and cash-flow channels https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202305_07~5c49bb27d6.en.html
Public sector wages took a deep cut in real terms in 2022, but are projected to grow cumulatively at rates above inflation over the period 2023-25. According to our #EconomicBulletin, they will increase by more in countries where inflation has been higher https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202305_08~37403a54da.en.html
Together with @hrPresse, we are looking forward to #CelebratingEurope again at this year’s #EuropaOpenAir concert on 31 August! Join us for a musical evening with the Frankfurt Radio Symphony, on the banks of the river Main, in our hometown of Frankfurt https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230810~f2ea314787.en.html
A big thank-you to the 254,735 Europeans who have shared their views about possible new themes for future euro banknotes. Take a look at who we’ve heard from!
Don’t miss the chance to have your say! You’ve still got until 31 August to do our survey https://survey.ecb.europa.eu/euro-banknote-survey?lang=en
🧵A mixture of ambitious carbon emissions pricing, further regulatory action and technological innovation is needed to meet the EU’s climate goals. Our #EconomicBulletin looks at the short to medium-term economic impact of carbon pricing https://www.ecb.europa.eu/pub/economic-bulletin/articles/2023/html/ecb.ebart202305_01~a6ff071a65.en.html
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A central bank’s words matter as much as its actions, as changes in tone can point to shifts in monetary policy. We have measured and compared the tone of policy communication used by the ECB and the US Fed. #TheECBBlog describes our findings
https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230809~f101598a82.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.pr230808~de1c74e79e.en.html
🧵People’s perceptions of housing as a good investment began to deteriorate before the recent decline in housing investment in the euro area, our #EconomicBulletin finds. The analysis draws on responses to our Consumer Expectations Survey https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202305_01~755244b08d.en.html
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Re Expectations of higher inflation, lower economic growth and, in particular, higher mortgage rates have weighed heavily on people’s perceptions of housing as a good investment since mid-2021
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Measures of underlying inflation are historically high, but are showing signs of easing, our #EconomicBulletin finds. Underlying inflation developments are a key input for our monetary policy assessment, especially in today’s highly uncertain environment https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202305_05~84e89bcb5d.en.html
What’s making inflation hard to tackle? And what will determine how prices and wages develop?
Host @katieranger_ gets to the bottom of this with our Chief Economist Philip R. Lane in the first episode of #TheECBPodcast’s Summer School mini-series https://pod.link/ecbpodcast/episode/257f6b6e371c39482c5d5f25513ec584
Our environmental statement outlines what we do each year to reduce the impact our operations have on the environment.
In 2022 we continued to improve our environmental performance!
Read the full statement https://www.ecb.europa.eu/ecb/climate/green/html/ecb.environmentalstatement202307~59d31f2afe.en.html
Where does the digital euro project currently stand? Why does Europe need a digital euro and who would be able to use it?
We’ve updated the digital euro FAQ, available on our website in all EU 🇪🇺 languages https://www.ecb.europa.eu/paym/digital_euro/faqs/html/ecb.faq_digital_euro.en.html
🧵 With rates now firmly in restrictive territory, we need to calibrate our monetary policy in a way that brings inflation back to target in a timely way while avoiding unnecessary harm to the economy.
Speech https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230803~30bdb2c935.en.html
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How did euro area bank interest rates evolve in June? How do they compare with May’s figures? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/mfi/html/ecb.mir2308~adf9fccc8e.en.html
Policymakers should focus on preserving bank resilience to strengthen macroprudential stability in times of economic uncertainty. This would ensure sufficient capital buffers if widespread losses arise, writes Vice-President Luis de Guindos in #TheECBblog https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230802~5c22c72b25.en.html
Our resolve to bring inflation down is very strong, said President Christine @Lagarde after raising interest rates by 0.25 percentage points today.
Watch the press conference https://youtu.be/-HMXeiixuKM
Wir sind fest entschlossen, die Inflation zu senken, so Präsidentin Christine @Lagarde nach der heutigen Anhebung der Leitzinsen um 0,25 Prozentpunkte.
Pressekonferenz ansehen https://youtu.be/-HMXeiixuKM
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
