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
Falling Russian gas exports and a greater reliance on Asian liquefied natural gas markets could affect the EU’s ability to secure its gas supplies in 2023. Decisive factors include a rebound in Chinese demand and further cuts in supply https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202301_01~6395aa7fc0.en.html #EconomicBulletin
High inflation can impair public finances, particularly if caused by external supply shocks. Fiscal measures compensating for high energy prices reduce inflation in the short run, before their impact broadly reverses https://www.ecb.europa.eu/pub/economic-bulletin/articles/2023/html/ecb.ebart202302_01~2bd46eff8f.en.html #EconomicBulletin
Time to wrap up for today. Many thanks for your questions – I really enjoyed our chat! Take care, @Isabel_Schnabel #AskECB
🇪🇺@Isabel_Schnabel: Further efforts are needed to make our operations Paris aligned. In a recent speech, I laid out three areas of action: corporate bond holdings, public sector bond holdings and lending operations including collateral. See here:
https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230110~21c89bef1b.en.html #AskECB
RT @ecileri: Hi @Isabel_Schnabel! The approach laid out by the @ecb for the greening of CSPP is close to the one used by the @Ban…
🇪🇺@Isabel_Schnabel: The euro has established itself as a leading global currency and is the second most important currency in the international monetary system. Sorry to disappoint you, but the euro is here to stay. #AskECB
RT @TomasHancar: @ecb @Isabel_Schnabel #AskECB a second round of question - Even after the recent pretty decent bull trap rally, $EUR is still about 15% weaker relative to the $USD than at the (in)famous Draghi's "whatever it takes" moment. I o…
🇪🇺@Isabel_Schnabel: Broad disinflation has not started in the euro area. We need to use all our tools to restore price stability and support sustainable growth. Otherwise we would see even sharper declines in real wages, and we may need to hike interest rates even more. #AskECB
RT @DYebra: #AskECB
Dear @Isabel_Schnabel: inflation-adjusted wages have fallen, mostly in Spain, mortages are at 2008 highs, economy is stopped...
Is the ECB turning an energy crisis into…
@ReclaimFinance @Isabel_Schnabel 🇪🇺@Isabel_Schnabel: Please see my answer to the question from @stanjourdan⬇️ ?s=20&t=P-OX5EnMCB30-vbijTTqQw #AskECB
RT @ecb: 🇪🇺@Isabel_Schnabel: We need to counter high inflation by tightening monetary policy. At the moment, new lending operations, even if green, are not in line with our price stability mandate. Bringing inflation back to target is our best contribution to the green transition. #AskECB
🇪🇺@Isabel_Schnabel: The United Kingdom remains an important partner of the European Union and the euro area, and London is still a global financial centre. Therefore, the ECB has a small office in London to maintain our network and collect market intelligence. #AskECB
RT @JanMusschoot: @ecb @Isabel_Schnabel Why does the ECB need an office in London? #AskECB
?t=BJ0IfNDJteR_GoKMPOY4XA&s=19
The @NGFS_ climate scenarios explain how climate risks may evolve in the future and what that means for our economy.
Would you like to use them, or do they already guide your work? Participate in the NGFS survey to help ensure that they remain relevant https://www.ngfs.net/en/webform/user-feedback-survey-ngfs-climate-scenarios-february-2023
No one wins in a wage-price spiral, Vice-President Luis de Guindos tells Süddeutsche Zeitung @SZ. We must avoid one or the ECB will have to raise interest rates by more than would have otherwise been needed.
Read the interview https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230208~028be3e58d.en.html
Every year we look at the challenges banks face, to make sure they can fend them off. What did we find in our latest assessment?
Host @KatieRanger_ explores this topic with Supervisory Board Chair Andrea Enria in #TheECBPodcast.
Tune in https://pod.link/1481819425/episode/25e491a0ebc06788e02079017b73e6a6
Banks have solid capital and liquidity positions and increased profitability, our latest SREP shows. However, they still need to address persistent weaknesses, particularly in their risk control and governance frameworks.
Read more https://www.bankingsupervision.europa.eu/press/pr/date/2023/html/ssm.pr230208~8971619db2.en.html
Join Supervisory Board Chair Andrea Enria and Vice-Chair @FrankElderson at 10:00 CET today as they present the results of the 2022 Supervisory Review and Evaluation Process and take questions from journalists https://www.bankingsupervision.europa.eu/home/html/index.en.html
Last call to enter the Young Economist Prize for the chance to win €10,000 and share your research at this year’s #ECBForum, on macroeconomic stabilisation in a volatile inflation environment!
Submit your paper by midnight on 13 February https://www.ecb.europa.eu/pub/conferences/ecbforum/YE_competition/html/index.en.html
Register and watch live today from 18:00 CET:
Executive Board member @Isabel_Schnabel discusses current monetary policy at a webinar hosted by @finanzwende (in German)
https://www.finanzwende.de/ueber-uns/web-seminare/web-seminar-geldpolitik-in-zeiten-von-pandemie-und-krieg/
RT @finanzwende: Diskutiert mit @Isabel_Schnabel über Geldpolitik in Zeiten von Pandemie und Krieg. Dienstag, 18 Uhr.
Jetzt anmelden: https://www.finanzwende.de/ueber-uns/web-seminare/web-seminar-geldpolitik-in-zeiten-von-pandemie-und-krieg/
Watch live from 10:00 CET tomorrow: Supervisory Board Chair Andrea Enria and Vice-Chair @FrankElderson will present the results of the 2022 Supervisory Review and Evaluation Process and take questions from journalists https://www.bankingsupervision.europa.eu/home/html/index.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.pr230207~c1d632f643.en.html
Digitalisation is changing the way we pay. #TheECBblog explores the findings of our survey into how people in the euro area prefer to pay and considers what this means for the future of cash and digital payments.
Read more https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230206~1ea270a762.en.html
It is important to share our knowledge and expertise and discuss how to take climate and environmental risk management to the next level in banks’ strategies, governance, and risk management frameworks, says Supervisory Board Vice-Chair @FrankElderson.
Read more ⬇️
RT @FrankElderson: What does @KateBushMusic’s “Running up that hill” have to do with supervision?
The song is about two people gaining a better understanding of each other and the challenges they fac…
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
