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
Re Apply by 25 August!
Programme /press/shared/pdf/ECB_seminar_for_media.en.pdf
Public consultation on the draft Guide on financial conglomerate reporting of significant risk concentrations and intragroup transactions
https://www.bankingsupervision.europa.eu/legalframework/publiccons/html/OnD_financial_conglomerates.en.html
Our risk tolerance framework translates our priorities into day-to-day supervision and lets supervisors focus on essential tasks. This may result in a lighter reporting burden and fewer assessments for banks, which still benefit from a level playing field https://www.bankingsupervision.europa.eu/press/publications/newsletter/2023/html/ssm.nl230816_3.en.html
How did euro area current account balance evolve in June? How does it compare with the same month a year earlier? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/bop/2023/html/ecb.bp230822~b793a6f093.en.html
🧵What makes a good banknote? It should be easy to use, appeal to the public and be hard to counterfeit. And its design needs to speak to people. #TheECBblog explores the principles of banknote design – and asks for your input https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230824~362178a805.en.html
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Re If this blog post has got you thinking, fill in our survey on what themes you’d like to see in the next series of euro banknotes. The survey is open until 31 August https://survey.ecb.europa.eu/euro-banknote-survey?lang=en
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RT Christine Lagarde
Hello from the Jackson Hole Economic Policy Symposium! I’m looking forward to sharing my thoughts and exchanging views with central bankers from around the globe on the very relevant theme of “Structural shifts in the global economy”. Thanks for hosting the event @KansasCityFed!
🐦🔗: https://n.respublicae.eu/Lagarde/status/1695096738451689833
🧵Changes in labour markets, the energy transition and a deepening geopolitical divide are characterising the current environment, says President @Lagarde at Jackson Hole.
We need to understand how these shifts will affect our economies and how we can best respond to them
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Re There are plausible scenarios where we could see a fundamental change in the nature of global economic relationships. To ensure stability and robust policymaking, we need:
🔵 Clarity on our objectives
🔵 Flexibility in our analysis
🔵 Humility in how we communicate
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Re Read President Christine @Lagarde’s full speech on policymaking in an age of shifts and breaks https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230825~77711105fe.en.html
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How do our interest rate hikes fight inflation? Are we already seeing the impact on prices? And is this the end of super-low rates?
Host @katieranger_ puts these questions to our Chief Economist Philip R. Lane in #TheECBPodcast’s Summer School mini-series https://pod.link/ecbpodcast/episode/08504aa69b1b50ea1c2c9294d49c3341
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/eb202305.en.html
Consumers’ interest rate expectations have increased following the tightening of monetary policy, our #EconomicBulletin finds. Participants in our Consumer Expectations Survey are factoring the impact of higher interest rates into their spending decisions https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202305_02~09baa904dd.en.html
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
Re To ensure views from across the euro area are equally represented, we’ve also asked an independent research firm to run our survey on a sample group of people who represent the diversity of the euro area population.
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
