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
Higher interest rates have yet to meaningfully feed into higher deposit rates paid by banks, our Financial Stability Review shows.
While rates on deposits with an agreed maturity have risen, overnight deposit rates have largely remained the same https://www.ecb.europa.eu/pub/financial-stability/fsr/focus/2023/html/ecb.fsrbox202305_04~7fbb3af52c.en.html
We’re inviting banks and those managing counterparty credit risk to provide feedback on our latest CCR report by 14 July 2023. The report highlights good market practices observed by us and areas where we’re looking for improvement.
Read the press release https://www.bankingsupervision.europa.eu/press/pr/date/2023/html/ssm.pr230602~8419bb17cb.en.html
🧵 We will bring inflation back to 2%, says Executive Board member Fabio Panetta in an interview with @lemondefr. We have raised interest rates decisively, but monetary policy typically operates with lags.
Read the interview https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230602~7f6e313c29.en.html
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When we look at the recent bank failures, in most cases we see a failure to manage risks such as interest rate risk, liquidity risk and counterparty credit risk. In the end, this comes back to bad governance, says Supervisory Board Chair Andrea Enria.
Our rate hikes are already feeding into lending conditions, President @Lagarde says at #Sparkassentag.
We will keep moving forward until we see inflation returning to 2%, while also carefully assessing how our policies are passing through to the economy https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230601~2740cf2320.en.html
#TheECBblog examines how the EU can use emissions trading to strike a balance between sustainability goals and competitiveness https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230601~529f371a98.en.html
Prices and demand for housing and commercial real estate have fallen as interest rates have risen, our Financial Stability Review shows.
What this means for the financial system will depend on how quickly real estate markets adjust in the euro area https://www.ecb.europa.eu/pub/financial-stability/fsr/html/ecb.fsr202305~65f8cb74d7.en.html#toc8
Housing markets in most euro area countries have started to cool.
Prices could fall more as banks tighten their credit standards for loans
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Euro area banks have remained resilient in the face of recent banking sector stress in the United States and Switzerland, thanks to their robust capital and liquidity positions
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Banking sector stress in the United States and Switzerland has greatly affected financial markets.
Tensions are likely to continue, with heightened bond market volatility on both sides of the Atlantic
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🧵The financial stability outlook remains fragile, with tighter financing conditions testing the resilience of people, firms, property markets and governments.
Read more about how the financial system is faring in our Financial Stability Review https://www.ecb.europa.eu/pub/financial-stability/fsr/html/index.en.html
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How did euro area bank lending and money supply evolve in April? How do they compare with March’s figures? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/md/html/ecb.md2304~e08274ebea.en.html
Market liquidity and funding liquidity are inherently connected, and related liquidity spirals can entail systemic risk.
A special feature explores how the two types of liquidity interact in the euro area https://www.ecb.europa.eu/pub/financial-stability/fsr/special/html/ecb.fsrart202305_01~830184261b.en.html
Euro area banks are exposed to liquidity, market and credit risk through linkages to non-bank financial institutions. This mainly concerns a few systemically important banks, whose strong capital and liquidity buffers can help ease spillover risks https://www.ecb.europa.eu/pub/financial-stability/fsr/special/html/ecb.fsrart202305_02~1ff06bc324.en.html
The 1970s high inflation period holds valuable lessons, says Executive Board member @Isabel_Schnabel on the podcast #ErklärMirDieWelt. Today central banks are more independent, have clearer mandates & focus more on inflation expectations.
Listen in German https://xn--erklrmir-3za.at/2023/05/30/258-erklaer-mir-inflation-isabel-schnabel/
Chief Economist Philip R. Lane discussed the economic outlook and inflation in an interview with Nova TV. He also spoke about how the euro benefits the Croatian economy.
Watch the interview https://dnevnik.hr/vijesti/hrvatska/razgovor-s-glavnim-ekonomistom-europske-centralne-banke-philipom-laneom---783955.html
Inflation has been too high for too long. People are worried about how rising prices are affecting their livelihoods and jobs.
That’s why we met with civil society representatives to discuss what is driving inflation and what we’re doing to tame it https://www.youtube.com/watch?v=c8WABRzOmZk&ab_channel=EuropeanCentralBank
RT @FrankElderson: I joined colleagues for a walk in the @ecb garden, home to numerous species of insects, animals, plants and trees.
Biodiversity affects us all – we need to protect nature and raise awareness about the risks it is facing, and the risks to the financial sector as a consequence. https://t.co/gYi7SPQHoB
How can banks best quantify new, unknown risks like supply chain risks and judge how much capital to set aside for them?
Supervisory Board member Elizabeth McCaul and head of horizontal supervision Stefan Walter discuss IFRS 9 provisioning frameworks https://www.bankingsupervision.europa.eu/press/blog/2023/html/ssm.blog230526~29af0452d6.en.html
RT @FrankElderson: Yesterday we marked the 25th anniversary of the @ecb. Fostering European integration has always been at the heart of my work. The euro is vital to this historic endeavour, offering Europeans stability, sovereignty and solidarity.
Looking forward to the years to come! https://t.co/Tyta0mOsfJ
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
