European Central Bank @ecb@respublicae.eu

Project Gaia uses generative AI to make assessing climate risk more transparent and efficient. If realised, it has the potential to be a powerful tool for central banks in their comprehensive approach to assessing economic reality and risks, says President Christine
https://nitter.privacydev.net/Lagarde
.
<p>
https://nitter.privacydev.net/BIS_org/status/1770029972079439895#m
</p>

[2024-03-19 12:00 UTC]

Watch live from 9:20 CET: Vice-President Luis de Guindos speaks about the current economic outlook and our latest monetary policy decisions.
Follow his opening remarks at the IV Observatorio de las Finanzas (in Spanish)
https://www.youtube.com/watch?v=tLhxPIkXy9A

[2024-03-19 07:49 UTC]

We see a clear disinflationary process, Vice-President Luis de Guindos tells Naftemporiki.
The main risk now is high wage growth combined with very low productivity growth. We must decide when to adjust our policy stance based on the data.
Read more
https://www.ecb.europa.eu/press/inter/date/2024/html/ecb.in240319~819f79c14e.en.html

[2024-03-19 06:34 UTC]

We’re setting up a Joint Bank Reporting Committee with
https://nitter.privacydev.net/EBA_News
. The committee will help boost data reporting efficiency by harmonising the way banks report statistical, supervisory and resolution data.
Press release
https://www.ecb.europa.eu/press/pr/date/2024/html/ecb.pr240318~4c20d8eb39.en.html

[2024-03-18 14:51 UTC]

Cash is still widely used in the euro area by people from a variety of backgrounds, even those with payment cards and bank accounts.
Our
https://nitter.privacydev.net/search?q=%23EconomicBulletin
explains why the Eurosystem still ensures access to cash in an increasingly digitalised economy
https://www.ecb.europa.eu/pub/economic-bulletin/articles/2024/html/ecb.ebart202402_02~d821c613a7.en.html

[2024-03-18 09:04 UTC]

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]