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
How did euro area current account balance evolve in May? 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/2023/html/ecb.bp230720~96d68890f0.en.html https://t.co/AOcL4ro9Vq
Effective management bodies are the bedrock of well-run banks, and well-run banks are the bedrock of a stable banking system, writes Supervisory Board Vice-Chair Frank Elderson. That means safer banks, which is our mission as European banking supervisor https://www.bankingsupervision.europa.eu/press/blog/2023/html/ssm.blog230720~cf8bc7c8d7.en.html https://t.co/C7yVWLAgW3
How does the recent short-lived turmoil in the banking sector differ from the 2008 financial crisis? Better risk management.
Yesterday we met with civil society organisations to discuss how banking supervision is evolving.
Watch the seminar https://www.youtube.com/watch?v=d6MfWiHfua8 https://t.co/XvoXFgDeEW
We hosted the 9th ECB conference on central, eastern and south-eastern Europe countries yesterday in Frankfurt. The discussion focused on economic policy challenges in view of changing geopolitical landscape.
Watch the conference https://www.youtube.com/watch?v=pQzcvSXlI0M https://t.co/Vott6qwTh8
RT Christine Lagarde
By leveraging our regional strength and further deepening our economic and political ties, I have no doubt that Europe and its central, eastern and south-eastern countries can flourish together.
Read my full speech https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230717~a9e0adacb8.en.html https://t.co/BGveZAtCeY
🐦🔗: https://n.respublicae.eu/Lagarde/status/1680854343136731136
Today we donned our rainbow colours to celebrate #Pride and #ChristopherStreetDay!
ECB colleagues were among the thousands that walked through the streets of Frankfurt to celebrate the freedom to be whatever we want to be!
Our euro, our pride 🏳️🌈
#UnitedInDiversity https://t.co/kSijU6JX2S
Our investigation into a potential #DigitalEuro is nearly over. What ideas do we have about its design? How can we ensure it will be accessible to all?
This was at the heart of our latest discussion with the civil society organizations.
Watch here https://www.youtube.com/watch?v=gXD_7BDIn8Q https://t.co/6EVdFNR1JB
🧵 We’ve published our fourth progress report on the digital euro. It contains our views on principles for a compensation model, updates on ongoing work to ensure financial inclusion and findings from the prototyping exercise we conducted
https://www.ecb.europa.eu/paym/digital_euro/investigation/governance/shared/files/ecb.degov230713-fourth-progress-report-digital-euro-investigation-phase.en.pdf?704b0eee4c20eee4dbe4970f5091a96a
1/2 https://t.co/C6aecV2tLP
Re What's next? This autumn our Governing Council will review the outcome of the digital euro investigation phase and then decide whether to move to the next phase. This would cover technical solutions, business arrangements and adjustments following the legislative process
2/2
The transmission of monetary policy through banks is likely to further strengthen in the coming months, says Chief Economist Philip R. Lane at the National Bureau of Economic Research @nberpubs conference in Cambridge, Massachusetts.
Read the full speech https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230712~d950906f00.en.html https://t.co/4pdyXxwPsY
Live from 15:45 CET: Chief Economist Philip R. Lane speaks at the National Bureau of Economic Research’s Summer Institute conference. He’ll discuss how banks respond to the tightening of monetary policy https://www.youtube.com/channel/UC79ELlHFewHXj5XDBcRloUQ https://t.co/hKSscZ9IPF
Globalisation is supposedly on the retreat. There is a common perception that firms are diversifying supply chains and moving production closer to home. So, are we heading towards deglobalisation? #TheECBblog finds that the data tell a different story https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230712~085871737a.en.html https://t.co/ocx8ltUPqR
RT Christine Lagarde
Re We have solved the technical problems and you can now participate in the survey https://survey.ecb.europa.eu/euro-banknote-survey?lang=en
🐦🔗: https://n.respublicae.eu/Lagarde/status/1678747486280712194
Members of our Executive and Supervisory Boards welcomed representatives from @europarl_en's Committee on Economic and Monetary Affairs and discussed various economic and banking supervision topics. Our regular dialogue is key to ensuring our accountability to Europeans. https://t.co/bHE1dRndYK
RT Christine Lagarde
Re We are aware that there are currently technical problems with accessing the online survey. We are working to resolve the issue so please bear with us, and apologies for the inconvenience.
🐦🔗: https://n.respublicae.eu/Lagarde/status/1678358833691873283
RT Christine Lagarde
We want you to have a say in what your #FutureBanknotes will look like. Take part in our survey and share your views on the shortlisted themes https://www.ecb.europa.eu/euro/banknotes/future_banknotes/html/index.en.html https://t.co/0kC3is6jkE
🐦🔗: https://n.respublicae.eu/Lagarde/status/1678328707281219585
We still have work to do to bring inflation back down to our 2% target, President Christine @Lagarde tells @laprovence.
A simultaneous rise in wages and firms’ profit margins would fuel inflation risks. If that happens, we would not stand idly by https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230707~e4c06dfc7c.en.html https://t.co/SCCr6NQcq0
Inflation is projected to decline further towards our target as the effects of our past rate increases are gradually transmitted across the economy, says Vice-President Luis de Guindos. But our job is not yet done – we need to monitor labour costs closely
https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230707~8f8f9debc6.en.html https://t.co/yA4LczZYaX
Re The proposal brings more small and medium-sized banks under the resolution framework, making European financial markets more resilient to crises. To ensure these banks can be resolved effectively, the framework must be underpinned by sufficient funds
2/8
Re Shareholders and creditors will rightly still be first in line to bear losses when a bank fails. The proposal builds on this, while improving access to industry-funded safety nets like national deposit guarantee schemes. This should minimise use of taxpayer-funded solutions
3/8
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
