European Central Bank @ecb@respublicae.eu

We just signed an agreement for Denmark to join T2 and TARGET Instant Payment Settlement (TIPS) services in April 2025.
This is a step forward to fully integrating Danish krone in the Eurosystem’s payment services.
Read the press release
https://www.ecb.europa.eu/press/pr/date/2024/html/ecb.pr24321~4d598cf1fe.en.html

[2024-03-21 09:42 UTC]

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/eb202402.en.html

[2024-03-21 09:06 UTC]

How did the euro area current account balance evolve in January? 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/2024/html/ecb.bp240321~eb268cde72.en.html

[2024-03-21 09:02 UTC]

Efforts to complete the banking union need to be pursued to further increase the resilience and integration of the banking system, says Supervisory Board Chair Claudia Buch.
Read more
https://www.bankingsupervision.europa.eu/press/speeches/date/2024/html/ssm.sp240321~f196962040.en.html

[2024-03-21 08:11 UTC]

To be agile and proactive in addressing emerging risks, we are committed to completing the SREP reform initiated by independent experts and to using escalation measures so banks remedy deficiencies, says Supervisory Board Chair Claudia Buch.
Read more
https://www.bankingsupervision.europa.eu/press/speeches/date/2024/html/ssm.sp240321~f196962040.en.html

[2024-03-21 08:08 UTC]

European banks have strong capital and liquidity positions, but we need to make sure they remain resilient in the face of emerging risks, Supervisory Board Chair Claudia Buch tells
https://nitter.privacydev.net/EP_Economics
.
Read more
https://www.bankingsupervision.europa.eu/press/speeches/date/2024/html/ssm.sp240321~f196962040.en.html

[2024-03-21 08:02 UTC]

Claudia Buch will make her first appearance as Supervisory Board Chair before the Economic and Monetary Affairs Committee. She will present our 2023 Annual Report on banking supervision activities.
Watch live from today at 9:00 CET
https://www.bankingsupervision.europa.eu/home/html/index.en.html

[2024-03-21 07:48 UTC]

In 2023, ECB Banking Supervision helped keep banks in good shape despite a challenging environment. Our Annual Report on supervisory activities summarises what we did to help keep banks resilient and address shortcomings
https://www.bankingsupervision.europa.eu/press/publications/annual-report/html/index.en.html

[2024-03-21 06:02 UTC]

Large investment needs due to structural change may have raised the natural rate of interest, says Executive Board member
https://nitter.privacydev.net/Isabel_Schnabel
. Given that monetary policy may also impact real long-term rates, we must communicate our views prudently
https://www.ecb.europa.eu/press/key/date/2024/html/ecb.sp240320_2~65962ef771.en.html

[2024-03-20 13:46 UTC]

The surge in energy costs and higher food commodity prices were the main drivers behind the rise in consumer food inflation in 2021 and 2022, our
https://nitter.privacydev.net/search?q=%23EconomicBulletin
shows.
Other domestic factors such as wages have become more relevant over the last year
https://www.ecb.europa.eu/pub/economic-bulletin/focus/2024/html/ecb.ebbox202402_04~9b36bced23.en.html

[2024-03-20 13:15 UTC]

R to @ecb: Read the #EconomicBulletin https://www.ecb.europa.eu/pub/economic-bulletin/focus/2024/html/ecb.ebbox202402_03~289573ea78.en.html

[2024-03-20 13:05 UTC]

How have spending and saving habits changed to cope with high inflation?
The ECB’s Consumer Expectations Survey shows that people searched for lower prices to cope with high inflation. Their saving ratio declined as they increasingly spent on recreation and travel.

[2024-03-20 13:05 UTC]

RT by @ecb: What do we need to see to become sufficiently confident to start dialling back our restrictive policy stance?

Put simply, we need to move further along the disinflationary path.

Wage growth, profit margins and productivity growth are factors that we will monitor carefully.

[2024-03-20 11:00 UTC]

Chief Economist Philip R. Lane: Is the inflation surge over and what are the lessons for monetary policy? (slides)
https://www.ecb.europa.eu/press/key/date/2024/html/ecb.sp240320_1~35a0100f88.en.pdf?dd32a4bd80a6181d446a3ea14089714b

[2024-03-20 09:35 UTC]

The euro area economy has been hit by a series of shocks in recent years, including the pandemic and the energy crisis.
https://nitter.privacydev.net/search?q=%23EconomicBulletin
shows how the pandemic, combined with the digital and green transitions, may impact euro area’s productivity growth
https://www.ecb.europa.eu/pub/economic-bulletin/articles/2024/html/ecb.ebart202402_01~d63ecff49c.en.html?utm_source=ecb_twitter&utm_medium=social&utm_campaign=240319_eb_2_2024

[2024-03-19 13:27 UTC]

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]