European Central Bank @ecb@respublicae.eu

Needed structural changes in Europe’s economies will show up on banks’ balance sheets, Supervisory Board Chair Claudia Buch tells the
https://nitter.privacydev.net/FT
in an interview. That’s why banks and supervisors have to be vigilant to ensure the system is sufficiently resilient
https://www.bankingsupervision.europa.eu/press/interviews/date/2024/html/ssm.in240318~d91ca4c9f6.en.html

[2024-03-18 08:01 UTC]

R to @ecb: Lane: Domestic price pressures are still elevated, in part owing to robust wage growth and falling labour productivity.

At the same time, there are signs that growth in wages is starting to moderate.

In addition, profits are absorbing part of the rising labour costs

4/4

[2024-03-15 14:17 UTC]

R to @ecb: Lane: The outlook for growth and inflation for this year has been revised down over the last staff projections exercise, with inflation narrowing the distance to the target already in 2024

3/4

[2024-03-15 14:16 UTC]

R to @ecb: Lane: Inflation is expected to continue its downward path in the coming months.
 
Headline inflation is expected to decline to our target, as labour cost dynamics moderate and past energy shocks, supply bottlenecks and the pandemic re-opening effects dissipate
 
2/4

[2024-03-15 14:13 UTC]

🧵 In remarks in London, Chief Economist Philip R. Lane discusses the outlook for monetary policy and inflation.
His complete slide deck is available here
https://www.ecb.europa.eu/press/key/date/2024/html/ecb.sp240315~263fbb135c.en.pdf?b5319ec08544c7fe53ed251953f07461
1/4

[2024-03-15 14:11 UTC]

Many banks haven’t addressed weaknesses in their risk data aggregation and risk reporting, says Supervisory Board member Elizabeth McCaul.
Supervisors should use all available tools, including escalation measures, to promptly resolve these shortcomings
https://www.bankingsupervision.europa.eu/press/blog/2024/html/ssm.blog240315~aae1a39e84.en.html

[2024-03-15 10:42 UTC]

Chief Economist Philip R. Lane discussed the economic outlook and inflation in an interview with
https://nitter.privacydev.net/CNBCi
’s
https://nitter.privacydev.net/steve_sedgwick
.
Watch the interview
https://www.cnbc.com/video/2024/03/14/watchs-cnbcs-full-interview-with-ecb-chief-economist-philip-lane.html

[2024-03-14 13:34 UTC]

Our operational framework is tailored to the distinctive features of the euro area economy, says Executive Board member
https://nitter.privacydev.net/Isabel_Schnabel
. As excess liquidity declines, our framework helps banks prepare for a time when holding reserves is no longer costless
https://www.ecb.europa.eu/press/key/date/2024/html/ecb.sp240314~8b609de772.en.html

[2024-03-14 11:02 UTC]

Central banks have been collecting art for a long time. While the works were previously only accessible at their physical locations, more and more central banks present the art online. We showcase four concepts on
https://nitter.privacydev.net/search?q=%23TheECBBlog
https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog240314~996541887f.en.html

[2024-03-14 10:10 UTC]

Banks must identify, measure and manage climate-related and environmental risks, says Supervisory Board Vice-Chair Frank Elderson.
They can draw on growing examples of good practice to meet supervisory expectations by our end-2024 deadline.
Speech
https://www.bankingsupervision.europa.eu/press/speeches/date/2024/html/ssm.sp240314~da639a526a.en.html

[2024-03-14 09:33 UTC]

Letter from Claudia Buch, Chair of the Supervisory Board, to Mr Papadimoulis, MEP, on banking supervision.
https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.mepletter240313_Papadimoulis~1182293635.en.pdf?dfcc37c07d4207f1da598dd47d594f66
(EN)
https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.mepletter240313_Papadimoulis~1182293635.el.pdf
(EL)

[2024-03-13 16:49 UTC]

Our Governing Council has decided to adjust the operational framework for implementing monetary policy.
The changes ensure it remains appropriate as the Eurosystem balance sheet normalises, and establish principles and parameters for policy implementation
https://www.ecb.europa.eu/press/pr/date/2024/html/ecb.pr240313_1~a3a50a9add.en.html

[2024-03-13 13:03 UTC]

Speech Piero Cipollone: Digital euro: the future of money (slides)
https://www.ecb.europa.eu/press/key/date/2024/html/ecb.sp240313~f632c531ac.en.pdf?c399660b02271b5ec70ef86e839a8c64

[2024-03-13 11:47 UTC]

To further cement the resilience of our banking system, we must foster the creation of an integrated banking market, refine our crisis management framework and address gaps in our macroprudential framework, says Supervisory Board member Kerstin af Jochnick
https://www.bankingsupervision.europa.eu/press/speeches/date/2024/html/ssm.sp240313~6d4a6c71a9.en.html

[2024-03-13 08:26 UTC]

Press release: Consolidated financial statement of the Eurosystem
https://www.ecb.europa.eu/press/pr/wfs/2024/html/ecb.fst240312.en.html

[2024-03-12 17:52 UTC]

Banks must assess how interest rate changes affect their profitability, says Supervisory Board Chair Claudia Buch.
To contain their exposure to interest rate risk, banks need to watch out for weaknesses in their asset and liability management frameworks
https://www.bankingsupervision.europa.eu/press/speeches/date/2024/html/ssm.sp240312~5990ccfce7.en.html

[2024-03-12 16:02 UTC]

Executive Board member
https://nitter.privacydev.net/FrankElderson
and climate centre head Irene Heemskerk talked with environmental NGOs and civil society about the ECB’s plan to incorporate the consequences of the climate and nature crises into its tasks and responsibilities
https://www.ecb.europa.eu/pub/conferences/shared/pdf/2024-02-28_Civil_Society_Seminar_Climate_and_Nature_Plan_Summary.en.pdf

[2024-03-12 09:35 UTC]

Press release: ECB Banking Supervision to move to Gallileo building in Frankfurt by the end of 2025
https://www.ecb.europa.eu/press/pr/date/2024/html/ecb.pr240312~cd0acebc92.en.html

[2024-03-12 09:33 UTC]

RT by @ecb: The @europarl_en @EP_Economics has started an open procedure to establish the Monetary Policy Expert Panel that provides input for the scrutiny of the @ecb and monetary policy. See details and submit tenders for the 4-year contract by 15 April 17.00 CET at https://europa.eu/!PrywjF

[2024-03-11 14:32 UTC]

RT by @ecb: ❗️ Call for Proposals for the Wim Duisenberg Fellowship: We are looking for prominent scholars to visit the Directorate General Research @ecb for 2-12 months during 2025, work on a research project and interact with our colleagues. Learn more and apply 👇 https://www.ecb.europa.eu/pub/economic-research/programmes/duisenberg/html/index.en.html

[2024-03-11 10:38 UTC]