The Russian invasion of Ukraine has cast a dark shadow over our continent, says Vice-President Luis de Guindos as he presents our 2021 Annual Report to the @europarl_en
Speech https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220428~4e38b8ed52.en.html?utm_source=ecb_Twitter&utm_campaign=220428_speech_LdG
Annual Report https://www.ecb.europa.eu/pub/annual/html/index.en.html?utm_source=ecb_Twitter&utm_campaign=220428_ar_2021
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RT …
Watch live from 09:00 CET: Vice-President Luis de Guindos presents our 2021 Annual Report to the European Parliament’s Economic and Monetary Affairs Committee @EP_Economics. He will also discuss the economic outlook and the impact of the war in Ukraine
https://multimedia.europarl.europa.eu/en/webstreaming/econ-committee-meeting_20220428-0900-COMMITTEE-ECON
ECB renews repo line with Banca Naţională a României until 15 January 2023 https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220427~d0fa3154e2.en.html
Lower levels of trust in the ECB can influence the effectiveness of our monetary policy, as trust is key to keeping inflation expectations anchored. To build trust in the ECB, we are working to ensure that our communication addresses people’s concerns in an accessible manner
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🧵People who believe income inequality is “too large” tend to have less trust in EU institutions, including the ECB. This is a finding of the Eurobarometer and our Consumer Expectations Survey, which covers six euro area countries https://www.ecb.europa.eu/pub/economic-bulletin/articles/2022/html/ecb.ebart202203_02~f9d2d059f0.en.html #EconomicBulletin
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Lane: There is a clear need to develop new statistical indicators to support the economic analysis on climate change
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Lane: The full inclusion of owner-occupied housing in the HICP is a multi-year project. Meanwhile, we will consider inflation measures that include initial estimates of the cost of owner-occupied housing in wider set of supplementary inflation indicators
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🧵Fully accounting for housing in the calculation of inflation and integrating climate-related factors into macroeconomic and financial analysis are major challenges, says Chief Economist Philip R. Lane https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220427~df7c9ea061.en.html
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Economic Bulletin box: The role of speculation during the recent increase in EU emissions allowance prices https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202203_06~ca1e9ea13e.en.html
Coming up at 19:00 CET/13:00 EDT: Executive Board member Fabio Panetta speaks at @Columbia about the risks crypto-assets pose to public policy and financial stability.
Register to follow the event live https://events.columbia.edu/cal/event/eventView.do?b=de&calPath=%2Fpublic%2Fcals%2FMainCal&guid=CAL-00bbdb70-8040da03-0180-446d33b1-000063c3events@columbia.edu&recurrenceId=
RT @ColumbiaEurope: Looking forward to discussion “For a Few Crypto…
Panetta: Central banks must engage even more with digital innovation by upgrading wholesale financial infrastructures, operating fast retail payment systems and preparing for the issuance of central bank digital currencies
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Panetta: Regulation is progressing in Europe and worldwide, but not swiftly enough. We need globally coordinated efforts to bring crypto-assets into a regulatory framework and ensure they follow the same standards as the rest of the financial system
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Panetta: Crypto-assets already have a larger market than sub-prime mortgages had before the global financial crisis started. The longer we wait, the more exposures and vested interests build up. And the harder it will be to act
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🧵 Globally coordinated efforts are needed to bring crypto-assets into a regulatory framework, says Executive Board member Fabio Panetta at @Columbia. We must not repeat past mistakes by waiting for the bubble to burst before acting https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220425~6436006db0.en.html?utm_source=ecb_Twitter&utm_campaign=220425_speech_FP
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Panetta: Unbacked crypto-assets can’t even fulfil their objective of facilitating payments, since they are too volatile to perform as money. We must decide how to regulate them, seeking a balance between innovation, financial stability and consumer protection
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What do topics like climate change and diversity of thinking have to do with a safe banking system? Want to know more? If so, come along to our virtual lecture on banking supervision!
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RT @ecb: Celebrate Europe with us! Ea…
How does the ECB work to keep prices stable and the banking system safe and sound? Learn all about it in a lecture focusing on how the ECB works!
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RT @ecb: Celebrate Europe with us! Each year “Europawoche” takes place aro…
What does the ECB do to help combat climate change? Find out in our lecture on climate change!
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RT @ecb: Celebrate Europe with us! Each year “Europawoche” takes place around Schuman Day, 9 May, which marks the date on wh…
Did you know that you carry around little pieces of art in your wallets every day? Curious to find out more? Come along to our virtual lecture on euro banknotes and coins!
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RT @ecb: Celebrate Europe with us! Each year “Eu…
Celebrate Europe with us! Each year “Europawoche” takes place around Schuman Day, 9 May, which marks the date on which the first step towards the EU was taken in 1950. This year we are offering virtual lectures on a range of different topics.
Sign up https://www.ecb.europa.eu/pub/conferences/html/index_europeweek2022.en.html
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