The transmission of monetary policy through banks is likely to further strengthen in the coming months, says Chief Economist Philip R. Lane at the National Bureau of Economic Research @nberpubs conference in Cambridge, Massachusetts.
Read the full speech https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230712~d950906f00.en.html https://t.co/4pdyXxwPsY
Live from 15:45 CET: Chief Economist Philip R. Lane speaks at the National Bureau of Economic Research’s Summer Institute conference. He’ll discuss how banks respond to the tightening of monetary policy https://www.youtube.com/channel/UC79ELlHFewHXj5XDBcRloUQ https://t.co/hKSscZ9IPF
Globalisation is supposedly on the retreat. There is a common perception that firms are diversifying supply chains and moving production closer to home. So, are we heading towards deglobalisation? #TheECBblog finds that the data tell a different story https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230712~085871737a.en.html https://t.co/ocx8ltUPqR
Members of our Executive and Supervisory Boards welcomed representatives from @europarl_en's Committee on Economic and Monetary Affairs and discussed various economic and banking supervision topics. Our regular dialogue is key to ensuring our accountability to Europeans. https://t.co/bHE1dRndYK
RT Christine Lagarde
We want you to have a say in what your #FutureBanknotes will look like. Take part in our survey and share your views on the shortlisted themes https://www.ecb.europa.eu/euro/banknotes/future_banknotes/html/index.en.html https://t.co/0kC3is6jkE
🐦🔗: https://n.respublicae.eu/Lagarde/status/1678328707281219585
We still have work to do to bring inflation back down to our 2% target, President Christine @Lagarde tells @laprovence.
A simultaneous rise in wages and firms’ profit margins would fuel inflation risks. If that happens, we would not stand idly by https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230707~e4c06dfc7c.en.html https://t.co/SCCr6NQcq0
Inflation is projected to decline further towards our target as the effects of our past rate increases are gradually transmitted across the economy, says Vice-President Luis de Guindos. But our job is not yet done – we need to monitor labour costs closely
https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230707~8f8f9debc6.en.html https://t.co/yA4LczZYaX
Re Access to liquidity is similarly essential for successful resolution and the banking union still lacks the necessary liquidity framework. Setting this up should be a priority
8/8 https://t.co/DA0EokNQ5n
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.pr230705~c068ab45f8.en.html https://t.co/u4PGU532hb
How did euro area bank interest rates evolve in May? How do they compare with April’s figures? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/mfi/html/ecb.mir2307~4a617fde42.en.html https://t.co/N2WJXp62wi
To get our decisions right we have to anticipate how the economy might develop. And, short of having a crystal ball, economic models are the best tool we have to envisage and test different scenarios, argues the latest post on #TheECBblog.
Read more https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230705~d16c61381c.en.html https://t.co/gKcAS3IlSf
Are you enrolled at a Ukrainian university and studying for a master’s degree in economics, statistics, information technology or engineering? We’re offering grants of €10,000 to 15 Ukrainian students. Apply by 4 August https://www.ecb.europa.eu/careers/what-we-offer/ukrainian-scholarship/html/index.en.html https://t.co/AymWBW84wJ
Financial stability risks have not materialised but vulnerabilities are still present, our latest Macroprudential Bulletin explains. Macroprudential policy should focus on preserving the resilience of banks and borrowers.
Read more https://www.ecb.europa.eu/pub/financial-stability/macroprudential-bulletin/html/index.en.html https://t.co/rba3Iwguto
ICYMI: Listen to #TheECBPodcast from the #ECBForum in Sintra, Portugal:
🎙️@IMFNews’ @GitaGopinath on global economic developments https://pod.link/ecbpodcast/episode/c23a880b2c2da3f32868bcb660eab9e9
🎙️@NorgesBank’s Ida Wolden Bache on the changing shape of energy markets https://pod.link/ecbpodcast/episode/633047824bf1f26a6565d5850eef9885 https://t.co/ioFW50F1Jj
ICYMI: our 2023 #ECBForum was packed with insightful discussions on a wide range of central banking topics.
🎥 Watch all the sessions https://www.ecb.europa.eu/pub/conferences/html/20230626_ecb_forum_on_central_banking.en.html https://t.co/oxPqTDKesb
The latest Economic Bulletin is out!
The Bulletin presents the economic and monetary information which forms the basis for our policy decisions.
Read more https://www.ecb.europa.eu/pub/economic-bulletin/html/eb202304.en.html https://t.co/jXSPGe8dMS
Earnings calls provide useful data on corporate sentiment. In 2023 indices of profit and investment sentiment among euro area firms have exceeded historical averages, while financing conditions have been seen as a high and rising risk. #EconomicBulletin https://www.ecb.europa.eu/pub/economic-bulletin/html/eb202304.en.html#toc17 https://t.co/cQFjftXIns
Firms expect selling prices to rise over the next year, says the latest Survey on the Access to Finance of Enterprises. This #EconomicBulletin box shows that past increases in input costs area key factor in firms’ expected future selling prices https://www.ecb.europa.eu/pub/economic-bulletin/html/eb202304.en.html#toc20 https://t.co/hCenCmtG61
Unit profit growth has contributed to domestic price pressures in the euro area. With surging input prices, the growth in unit profits is consistent with broadly unchanged mark-ups and gross profit margins seen in corporate accounts. #EconomicBulletin https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202304_03~705befadac.en.html https://t.co/oSYewnY3RL
RT Frank Elderson: Congratulations to @LksNord! And well done to all those who made it to the final round of our Young Economist Prize.
🐦🔗: https://n.respublicae.eu/FrankElderson/status/1674328918856269825
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