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
The sharp increase in energy prices has also significantly affected import prices and led to a deterioration in the euro area terms of trade.
Want to find out more? Read our #EconomicBulletin https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202203_01~a3fe116ba1.en.html
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Targeted fiscal policies can play a key role in supporting those most affected. According to our Consumer Expectations Survey, people with higher exposure to changing energy prices are more likely to feel a need for governments to buffer the impact of increasing costs
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Exposure to fluctuating energy prices differs across income groups: the less people earn, the bigger the impact of higher prices. Poorer households spend a large percentage of their income on energy, meaning they are particularly affected by rising costs
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🧵 How much less will people consume in response to the recent increase in energy prices? After a period of recovery following the pandemic, the rise in commodity prices since last summer has affected people’s spending plans https://www.ecb.europa.eu/pub/economic-bulletin/articles/2022/html/ecb.ebart202203_01~f7466627b4.en.html
#EconomicBulletin
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The benefits of globalisation are indisputable. We must combine the pursuit of a rules-based international order with a drive to reduce our strategic vulnerabilities. And Europe is well placed to achieve this.
Read the full speech https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220422~c43af3db20.en.html
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🧵Russia’s invasion of Ukraine has triggered a reassessment of economic relations and dependencies, says President @Lagarde in her speech at the @PIIE. Our global economy is changing and a new map of relations amongst economies is being drawn https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220422~c43af3db20.en.html
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We can already see three shifts in global trade:
1⃣From dependence to diversification
2⃣From efficiency to security
3⃣From globalisation to regionalisation
This doesn’t mean restricting open trade. Rather, we must work to make trade safer in these unpredictable times
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Euro area monthly balance of payments (Feb 2022) https://www.ecb.europa.eu/press/pr/stats/bop/2022/html/ecb.bp220422~322b6c1963.en.html
RT @Lagarde: Live from 19:00 CET: I’ll be joining @KGeorgieva, @miaamormottley, Sri Mulyani Indrawati and Jerome Powell to discuss how the global economy is faring in these times of heightened uncertainty.
Follow our debate, hosted by @CNBC’s @SaraEisen https://nitter.eu/i/broadcasts/1lDGLLAeMVZGm
RT @Lagarde: Beyond the human tragedy, Russia’s invasion of Ukraine will have a material impact on our economies and inflation globally. Policymakers must carefully calibrate fiscal, monetary and structural policies, in line with their mandates. Read my IMFC statement https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220421~589f9733bc.en.html
De Guindos: What we see now is an imported inflation shock due to energy prices. If inflation starts to be more persistent, it can give rise to second round effects. We will be monitoring these factors closely, together with inflation expectations
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De Guindos: We believe that inflation is reaching its peak and will decline in the second half of 2022. Still, inflation will remain above our 2% target in the final quarter because of energy prices, commodity prices and supply bottlenecks
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🧵 Our rate-hike cycle will depend on the data, Vice-President Luis de Guindos tells @business. There are a lot of variables that we can’t control at the moment but we will act based on how the situation evolves https://www.ecb.europa.eu/press/inter/date/2022/html/ecb.in220421~8f5354b0fb.en.html
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We are looking for experienced market professionals to join our Banking Supervision Market Contact Group, a forum to discuss relevant banking issues. We particularly welcome expressions of interest from women https://www.bankingsupervision.europa.eu/banking/priorities/bsmcg/html/index.en.html
Letter from Andrea Enria, Chair of the Supervisory Board, to Mr Andresen, Mr Fernández, Mr Garicano, Mr Urtasun, MEPs, on banking supervision https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.mepletter20420_Andresen_Fernandez_Garicano_Urtasun~6ffc08988f.en.pdf
Results of the ECB Survey of Professional Forecasters for the second quarter of 2022
https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220415~fe6e06f22d.en.html
Watch again: President @Lagarde on monetary policy normalisation
Presidenta @Lagarde sobre las decisiones de política monetaria adoptadas hoy.
Vea la rueda de prensa completa aquí https://www.youtube.com/watch?v=URG4k05tiAY
President @Lagarde over de besluiten van vandaag in verband met het monetair beleid.
Bekijk de volledige persconferentie hier https://www.youtube.com/watch?v=URG4k05tiAY
La Presidente @Lagarde sulle decisioni di politica monetaria di oggi.
Guarda qui la versione integrale della conferenza stampa https://www.youtube.com/watch?v=URG4k05tiAY
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
