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 To facilitate cost-effective ways of addressing bank failures with the support of the deposit guarantee scheme the proposal introduces a harmonised “least cost” test and a single-tier depositor preference
4/8
Re A single-tier depositor preference means that all deposits have the same ranking in an insolvency proceeding, and deposit guarantee schemes can provide more funding in resolution cases
5/8
Re In times of crisis, we support a financial stability exemption to protect the public interest. It should be subject to strong safeguards and allow access to industry-funded resolution financing arrangements only in exceptional circumstances
6/8
Re We need a European deposit insurance scheme as the third pillar to complete banking union. Such a scheme would boost confidence in the safety of bank deposits equally across all Member States, reduce the risk of bank runs and safeguard financial stability
7/8
Re Access to liquidity is similarly essential for successful resolution and the banking union still lacks the necessary liquidity framework. Setting this up should be a priority
8/8 https://t.co/DA0EokNQ5n
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.pr230705~c068ab45f8.en.html https://t.co/u4PGU532hb
How did euro area bank interest rates evolve in May? How do they compare with April’s figures? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/mfi/html/ecb.mir2307~4a617fde42.en.html https://t.co/N2WJXp62wi
To get our decisions right we have to anticipate how the economy might develop. And, short of having a crystal ball, economic models are the best tool we have to envisage and test different scenarios, argues the latest post on #TheECBblog.
Read more https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230705~d16c61381c.en.html https://t.co/gKcAS3IlSf
Are you enrolled at a Ukrainian university and studying for a master’s degree in economics, statistics, information technology or engineering? We’re offering grants of €10,000 to 15 Ukrainian students. Apply by 4 August https://www.ecb.europa.eu/careers/what-we-offer/ukrainian-scholarship/html/index.en.html https://t.co/AymWBW84wJ
Re Ви навчаєтеся в українському університеті на магістра економіки, статистики, інформаційних технологій чи технічних наук? Ми пропонуємо гранти в розмірі 10 000 євро 15 українським студентам. Подайте заявку до 4 серпня.
Financial stability risks have not materialised but vulnerabilities are still present, our latest Macroprudential Bulletin explains. Macroprudential policy should focus on preserving the resilience of banks and borrowers.
Read more https://www.ecb.europa.eu/pub/financial-stability/macroprudential-bulletin/html/index.en.html https://t.co/rba3Iwguto
ICYMI: Listen to #TheECBPodcast from the #ECBForum in Sintra, Portugal:
🎙️@IMFNews’ @GitaGopinath on global economic developments https://pod.link/ecbpodcast/episode/c23a880b2c2da3f32868bcb660eab9e9
🎙️@NorgesBank’s Ida Wolden Bache on the changing shape of energy markets https://pod.link/ecbpodcast/episode/633047824bf1f26a6565d5850eef9885 https://t.co/ioFW50F1Jj
ICYMI: our 2023 #ECBForum was packed with insightful discussions on a wide range of central banking topics.
🎥 Watch all the sessions https://www.ecb.europa.eu/pub/conferences/html/20230626_ecb_forum_on_central_banking.en.html https://t.co/oxPqTDKesb
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/eb202304.en.html https://t.co/jXSPGe8dMS
Earnings calls provide useful data on corporate sentiment. In 2023 indices of profit and investment sentiment among euro area firms have exceeded historical averages, while financing conditions have been seen as a high and rising risk. #EconomicBulletin https://www.ecb.europa.eu/pub/economic-bulletin/html/eb202304.en.html#toc17 https://t.co/cQFjftXIns
Economic Bulletin box: The development of the wage share in the euro area since the start of the pandemic https://www.ecb.europa.eu/pub/economic-bulletin/html/eb202304.en.html#toc19
Firms expect selling prices to rise over the next year, says the latest Survey on the Access to Finance of Enterprises. This #EconomicBulletin box shows that past increases in input costs area key factor in firms’ expected future selling prices https://www.ecb.europa.eu/pub/economic-bulletin/html/eb202304.en.html#toc20 https://t.co/hCenCmtG61
Economic Bulletin box: The great retrenchment in euro area external financial flows in 2022 – insights from more granular balance of payments statistics https://www.ecb.europa.eu/pub/economic-bulletin/html/eb202304.en.html#toc21
Economic Bulletin box: The consumption impulse from pandemic savings ‒ does the composition matter?
https://www.ecb.europa.eu/pub/economic-bulletin/html/eb202304.en.html#toc16
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
