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
Register now and watch live from 11:45 CET: Supervisory Board Chair Andrea Enria appears at a fireside chat at European Financials Conference, organised by Goldman Sachs https://events.zoom.us/ev/Ang5gx2OqETKUxe9mO-72SNMIk0uX67AcY80-f_A1gD4FAKgIj3L~AggLXsr32QYFjq8BlYLZ5I06Dg
Watch live from 10:00 CET: Vice-President Luis de Guindos discusses the European banking package at a seminar on the Capital Requirements Regulation and Directive, organised by the @europarl_en https://www.youtube.com/watch?v=Xw-3VWfcJbE
RT @FrankElderson: Central banks and supervisors must consider the impact biodiversity loss and the degradation of nature are having on the financial system. To get a clearer picture, the @ecb has started assessing loan data.
More in my latest post on #TheECBblog https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230608~5cffb7c349.en.html https://t.co/6V6CqFFoHk
Humanity needs nature to survive – as do the economy and banks. As more species go extinct, the ecosystems we rely on become less diverse. This poses a growing financial risk that we can’t ignore, warns Executive Board member @FrankElderson in #TheECBblog https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230608~5cffb7c349.en.html
RT @FrankElderson: Biodiversity and nature-related services, like pollination and clean water, are important for the economy. It’s not about flower power or tree hugging, but price stability, financial stability and sound banks.
Read my interview with @FT https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230608~7247c0aaca.en.html https://t.co/CYv2K2vcf4
Interview Frank Elderson with the Financial Times https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230608~7247c0aaca.en.html
See also the Dutch and French versions of the interview below:
➡️Dutch https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230607~3fc7acf294.nl.html
➡️French https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230607~3fc7acf294.fr.html
Unemployment hit a record low in March, but a dichotomy exists: more people are in jobs but, on average, they are working less. #TheECBblog looks at what might be behind this and what it means for the euro area labour market.
Read the post https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230607~9d31b379c8.en.html
How stable is our financial system? And what risks do we see for banks and property markets?
Our host @katieranger_ unpacks this topic with financial stability expert @JohnPCFell on #TheECBPodcast.
Listen https://pod.link/ecbpodcast/episode/76d5138f881c68befadd2cfdab319cb5
Firms expect a decline in the availability of external financing but an improvement in the availability of internal funds. Turnover expectations remain positive. Read the results https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230607~7b025e4c73.en.html
3/3
Financing needs increased only modestly, while the availability of external funds deteriorated slightly. The net percentage of firms reporting tighter price terms and conditions for bank loans reached a historical high.
2/3
🧵Our latest survey shows that firms’ turnover continued to recover in Q4 2022 and Q1 2023, despite rising labour costs and higher costs of production.
1/3
Completing the banking and capital markets union projects is key to enhancing integration and stability in the euro area financial system, says Vice-President Luis de Guindos. It will also ensure funding for the green and digital transitions.
Read more https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230607~eaf4f8b47a.en.html
Given the uncertainty about inflation persistence, the costs of doing too little outweigh the costs of doing too much, Executive Board member @Isabel_Schnabel tells De @tijd & @lecho.
A peak in underlying inflation is not sufficient to declare victory https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230607~3fc7acf294.en.html
Watch tomorrow from 09:00 CET: joint conference with @EU_Commission on European financial integration https://webcast.ec.europa.eu/annual-joint-comecb-conference-on-financial-stability-and-integration-2023-06-07
➡️Keynote: Vice-President Luis de Guindos
➡️Banking union panel: Executive Board member Fabio Panetta and Supervisory Board member Edouard Fernandez-Bollo
RT @EU_Finance: Getting ready for the Annual Joint Conference of @EU_Commission and @ecb on European …
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.pr230606~ea83b4589a.en.html
Our independence requires strong accountability, and our dialogue with the @europarl_en is of key importance in these efforts.
We have signed an exchange of letters that formalises the accountability arrangements between our institutions https://www.ecb.europa.eu/ecb/orga/accountability/html/index.en.html
RT @FrankElderson: Today marks the 25th birthday of @ecb!
It’s a milestone in our institution’s history and inseparable from the history of our common currency. The euro has been a big success in building further stability in Europe and bringing us closer together. I’m proud to contribute to that. https://t.co/HDuxEKEOiO
RT @FrankElderson: The EU’s Emissions Trading System is key in fighting climate change. Luckily there’s a way to do this that does not reduce competitiveness in Europe while increasing emissions elsewhere. Keeping companies both green and competitive is crucial.
Interesting read in #TheECBblog ⬇️ https://t.co/gGaJqBnp8i
Lagarde: Financial stability in the euro area has been robust so far, but we continue to assess possible risks, taking into account a wide range of indicators. Price stability remains as crucial as ever for durably preserving financial stability.
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
