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
Letter from the ECB President to Mr Eugen Jurzyca, MEP, on the euro https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter220506_Jurzyca~1872b8dd61.en.pdf
Letter from the ECB President to Mr Marco Zanni, Mr Valentino Grant and Mr Antonio Maria Rinaldi, MEPs, on monetary policy https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter220506_Zanni_Grant_Rinaldi~1669791a21.en.pdf (EN) https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter220506_Zanni_Grant_Rinaldi~1669791a21.it.pdf (IT)
The green transition will help lower energy prices in the long run, @Isabel_Schnabel tells @MyStephanomics.
During the transition, monetary policy may not be able to look through rising energy prices if they pose a threat to price stability.
The podcast https://omny.fm/shows/stephanomics/higher-inflation-rates-will-stick-around-as-econom
Time to wrap up. Thanks a lot for your questions – I really enjoyed the chat and look forward to doing this again soon. Take care! #AskECB
🇪🇺@FrankElderson: While we cannot lower oil prices, we will make sure that high inflation does not become entrenched in expectations and leads to second-round effects #AskECB
RT @Marco_DD_: @ecb @FrankElderson Good afternoon, what's the role of
@ecb when addressing economic challenges that are only in part within it's perimeter of action? Such as supply-driven inflation driven by energy prices.
#AskECB
🇪🇺@FrankElderson: Crypto-assets such as #bitcoin have an enormous ecological footprint. Their estimated energy consumption is comparable to that of some countries. Authorities across the world need to see how this affects their sustainable finance roadmaps and take action #AskECB
RT @jackschickler: @ecb @FrankElderson What, if anything, needs to be done to tackle the environmental impact of bitcoin? #AskECB
🇪🇺@FrankElderson: We must ensure that monetary policy is transmitted evenly to all parts of the euro area. We are ready to use a wide range of instruments to address fragmentation, including the possible flexibility under the PEPP’s reinvestments #AskECB
RT @777mingus: @FrankElderson does he ECB view the current pickup in sovereign bond spreads as a signal to risks to monetary policy transmission are on the rise in the current market envi…
🇪🇺@FrankElderson: No final decisions on this have been made yet. But we will of course make sure that any form of a digital euro would not hamper bank intermediation, because banks play a crucial role in our economy. See more here https://www.ecb.europa.eu/paym/digital_euro/html/index.en.html #AskECB
RT @RKemmish: #AskECB if @ecb introduces an digital Euro, how will you ensure that it doesn't destabilise the heavy reliance on deposit fundi…
🇪🇺@FrankElderson: The special interest rate for banks was introduced to support their lending to the economy during the pandemic. We’re confident that this policy support will no longer be needed. We assess that banks can generate profits without taking too many risks #AskECB
RT @ericdor_econo: @ecb @FrankElderson does the @ecb assesses that banks can easily absorb the decrease in the negative interest gain they earn on their previously aw…
🇪🇺@FrankElderson: We have already started normalisation. We ended the pandemic purchase programme in March and have started reducing our net asset purchases. Ending net purchases soon will enable us to consider rate hikes this summer #AskECB
RT @andmar261: There´s a increasing of members asking to put at end to the QE this summer and starting lifting rates in the 3Q of 2022, when you think it is appropriate to begin normalizing monetary po…
🇪🇺@FrankElderson: Our commitment to price stability is unwavering amid constant changes in the economy due to globalisation, digitalisation and climate change. We covered these changes in our strategy review and are constantly updating and improving our models #AskECB
RT @cepulje: @ecb @FrankElderson If Mr.Michael Spence is right saying that most probably globally we are at Lewis Turning Point(growth model has changed,higher inflation wil…
🇪🇺@FrankElderson: We are planning to end our net asset purchases soon, in the third quarter of this year. They have worked well and helped our inflation outlook to stabilise around 2% in the medium term #AskECB
RT @Damlatuncel: @ecb @FrankElderson #AskECB why you still keep buying bonds when inflation is above your target? Why are you still printing and making our money lose value?
🇪🇺@FrankElderson: The money/GDP ratio has grown in all major advanced economies, ranging from about 90% in the US to above 200% in Japan. There is no right/wrong ratio; it is a reflection of how much of their wealth people and firms wish to hold in bank deposits #AskECB
RT @despacitoyclaro: @ecb @FrankElderson #AskECB
Please, an straightforward answer as possible:
The m3/GDP ratio has gone up from mid 70% at the beginning of this century…
🇪🇺@FrankElderson: Owner-occupied housing is both a consumption good and a form of wealth. The costs of housing, whether owned or rented, make up a large part of people’s expenses. This is why we recommend including it in inflation measurement https://www.ecb.europa.eu/pub/economic-bulletin/articles/2022/html/ecb.ebart202201_01~f643aad55c.en.html #AskECB
RT @Fhecian: @ecb @FrankElderson Will you even consider investments in the CPI? Investm…
🇪🇺@FrankElderson: A digital euro would ensure that people continue to have access to the safest form of money: central bank money. At the moment, we are finding out more about people’s needs and would finetune the design features of a digital euro accordingly #AskECB
RT @StroblTobi: @ecb @FrankElderson What is the advantage of CBDS's for the society? It's like the biggest monetary change since banks exist and the media and government media…
🇪🇺@FrankElderson: No, we don’t see Japanification in the euro area, meaning structurally low growth and low inflation. Our population structure is different, our banks are in better shape, and there is no comparable real estate bubble #AskECB
RT @Fhecian: @FrankElderson @ecb Is Europe and USA, in your opinion, in a similar position as Japan was 30 years ago?
🇪🇺@FrankElderson: I beg to differ. We are fully symmetric in our commitment to achieving our price stability mandate. We react just as decisively whether inflation is too low or too high #AskECB
RT @KPMcC1969: #AskECB why is your rhetoric different for when inflation was below the 2% and when it is above. Is there a bias within the ECB for inflation over 2% than under 2%
🇪🇺@FrankElderson: Our balance sheet grew in response to the pandemic emergency. Our policies have kept borrowing costs in check. Together with massive fiscal support, we have helped to protect people, firms and banks from the economic effects of the unprecedented shock #AskECB
RT @KrisCrypto: @ecb @FrankElderson #AskECB What is the reason to inflate by 100% your balance sheet since March 2020? Where did the money went?
🇪🇺@FrankElderson: You can read more about this topic in our recent #EconomicBulletin #AskECB
RT @ecb: 🧵Recent Eurosystem and ECB staff projections have largely underestimated surging inflation. Such forecast errors are widespread across peer institutions, which suggests they are due to unforeseen global factors https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202203_05~6d1fb8f5b0.en.html #EconomicBulletin
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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
