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
This New Year’s Day is a truly historic one for Croatia and Europe. The euro family has grown, and we welcome Croatia as our newest member! Happy to have you with us and congratulations to @HNB_HR on all the hard work done towards adopting the euro!
RT @Lagarde: I’m delighted to welcome Croatia as the 20th member of the euro area! My compliments to the Croatian central bank @HNB_HR and Governor Boris Vujčić on all the hard work to prepare for the adoption of the euro. It’s a fine start to 2023.
We wish you all a Happy New Year and a healthy start to 2023!
🧵For Croatia, joining the euro area on 1 January 2023 is an incredible success, says President Christine Lagarde. It’s wonderful to welcome the 20th member to the family as we round off celebrations of the 20th anniversary of euro cash.
Interview https://www.ecb.europa.eu/press/inter/date/2022/html/ecb.in221231~16c85cd5a3.en.html
How did euro area bank lending and money supply 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/md/html/ecb.md2211~1513d48bb8.en.html
24 episodes, 536 minutes of content.
In 2022, #TheECBPodcast did its thing, says our #SpotifyWrapped. And our listeners loved it! We’ve covered a wide range of topics and there’s much more to come next year.
Tune in to the latest episode https://pod.link/1481819425/episode/819cf72fa8783e89e8701b020f93c6cd
In times of uncertainty, people and businesses must be prudent and focus on the long term, Vice-President Luis de Guindos tells the young entrepreneurs of @CEAJE. The future of Europe’s and Spain’s firms depends on how they adapt to the current challenges https://www.ecb.europa.eu/press/inter/date/2022/html/ecb.in221227~9f563af0f7.en.html
In just five days Croatia will join the euro area and adopt the euro!
We’re excited to welcome a new member to the euro family on 1 January 2023.
Strong supervision is beneficial for everyone, Supervisory Board Chair Andrea Enria tells @SZ.
As supervisors, we hold up a mirror to banks to show them their strengths and weaknesses. This helps us to share good practices across the sector https://www.bankingsupervision.europa.eu/press/interviews/date/2022/html/ssm.in221226~13f28c1379.en.html
As inflation is expected to stay above 2% for some time, we will raise interest rates for as long as necessary to bring inflation back to target, Executive Board member @Isabel_Schnabel tells @FAZ_NET. This requires moving rates into restrictive territory https://www.ecb.europa.eu/press/inter/date/2022/html/ecb.in221224~633aa8f002.en.html
We wish you all a joyful holiday season!
RT @Lagarde: The past year has challenged us more than we could have imagined. During this holiday period, I hope you will share moments of joy and celebration with your loved ones.
I wish you a happy start to 2023.
Inflation is still clearly above our price stability target, so we have no choice but to act, Vice-President Luis de Guindos tells @lemondefr. By reducing inflation, we’ll contribute to growth.
Read the interview https://www.ecb.europa.eu/press/inter/date/2022/html/ecb.in221222~54ec2a74e3.en.html
We’ve revised the capital buffer floor for other systemically important banks - one methodology we use to review decisions by national macroprudential authorities. The new floor strengthens banks’ capacity to absorb losses and support the real economy https://www.ecb.europa.eu/pub/pdf/other/ecb.gc_statement_macroprudential_policy~37593639ea.en.pdf?edd9e217b8a0cb23447dea7f4848a6b2
Are you a PhD student in economics or finance? Apply for the Young Economist Prize by 13 February for the chance to present your research at the #ECBForum and win €10,000.
Read more about the application process https://www.ecb.europa.eu/pub/conferences/ecbforum/YE_competition/html/index.en.html
🧵Cash remains the most used means of payment in stores but electronic payments have increased further according to our latest study
1/3
Euro area monthly balance of payments (October 2022)
https://www.ecb.europa.eu/press/pr/stats/bop/2022/html/ecb.bp221220~a7086e9369.en.html
How is high inflation affecting people and businesses? Why are we raising interest rates? How will it help us bring inflation down to our 2% target?
Host @katieranger_ discusses these issues with press officer @Eva_M_Taylor on #TheECBPodcast.
Tune in https://pod.link/1481819425/episode/819cf72fa8783e89e8701b020f93c6cd
The banking sector is sound enough to handle the effects of rising rates on their balance sheets but must prepare for longer-term effects, write Vice-President Luis de Guindos and Supervisory Board Chair Andrea Enria in #TheECBBlog.
Read the post https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221220~c6210e3f0b.en.html
Rising costs and higher leverage are weakening the quality of European bank assets, says Supervisory Board member Elizabeth McCaul in an interview with @AmerBanker. External risks ranging from crypto-assets to climate change need tighter controls.
More https://www.bankingsupervision.europa.eu/press/interviews/date/2022/html/ssm.in221219~f5aa1b988c.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
