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
🧵 Credit risk remains a major area of attention for banks, Supervisory Board Chair Andrea Enria tells @ertofficial_. We are also very much focused on IT, cyber and climate change risks. The war in Ukraine has made them even more topical https://www.bankingsupervision.europa.eu/press/interviews/date/2022/html/ssm.in220512~477899eac3.en.html
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After two years of online meetings, the Supervisory Board finally met again in person today! The meeting in Athens was a great opportunity to further strengthen collaboration across Europe. Find out more about European banking supervision https://www.bankingsupervision.europa.eu/home/html/index.en.html
Congratulations to the 24 teams short-listed for this year’s #EUDatathon!
They now have until 26 June to develop their app ideas into full proposals. 12 teams will then be chosen to go on to the final stage in October https://op.europa.eu/en/web/eudatathon?pk_campaign=preselect-announce&pk_medium=tw
RT @EU_opendata: Introducing ... the 24 pre-selected teams for #EUDatathon 🏆! See who’s in the picture! Discover their names, where they come…
Occasional Paper: An empirical study of securitisations of non-performing loans https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op292~092b778aa8.en.pdf?c2873a355890cfd17fddc976f1e84262
Euro area securities issues statistics (March 2022) https://www.ecb.europa.eu/press/pr/stats/sis/html/ecb.si2203~a90f514777.en.html
Global excess demand is feeding into underlying price pressures even in countries with domestic slack, says Executive Board member @Isabel_Schnabel. The globalisation of inflation makes it even more important to keep inflation expectations firmly anchored
https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220511_1~e9ba02e127.en.html
Lagarde: Whatever the circumstances, we have remained committed to the euro and to our mandate, and we have shown the necessary degree of flexibility. We have travelled a difficult road and still face many challenges. But I am confident that we will overcome them
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🧵 Over the last decade Europe has faced repeated shocks, says President @Lagarde at @BankaSlovenije. But each of these shocks has left us stronger, because we have acted decisively to close the gaps they have revealed https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220511~4c8d4500f6.en.html
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RT @FrankElderson: Live from 8:00 CET: I am looking forward to speaking at the 2022 @IIF European Summit on the green transition and Europe’s resilience.
Register for the event here and tune in ⬇️
Register now and watch live from 19:30 CET: Vice-President Luis de Guindos speaks at @iesebschool about the economic outlook and financial stability https://iese.zoom.us/webinar/register/WN_CU-6SWnTSX6Te9LpI2BTYg
RT @bundesbank: Can’t join us in person? Watch the livestream of the town halls with Bundesbank President #JoachimNagel and @BancoDeEspana Governor Pablo Hernández de Cos at #Euro20plus on 13 and 14 May! More info at https://www.euro20plus.de/e20-de/town-hall-mit-joachim-nagel-836508 @ecb
RT @bundesbank: Nicht vor Ort dabei? Die Town Halls mit Bundesbankpräsident #JoachimNagel und dem @BancoDeEspana-Präsidenten Pablo Hernández de Cos bei #Euro20plus am 13. und 14. Mai zeigen wir auch im Livestream! Infos unter: https://www.euro20plus.de/e20-de/town-hall-mit-joachim-nagel-836508
Euro money market statistics (2nd maintenance period 2022) https://www.ecb.europa.eu/press/pr/stats/euro_money_market/html/ecb.emms220510~ccff8e6067.en.html
Interest rates on new housing loans in the euro area rose to 1.47% on average in March. This is the sharpest month-on-month increase since 2011.
Read our press release for more statistics on this topic https://www.ecb.europa.eu/press/pr/stats/mfi/html/ecb.mir2203~7b0b861feb.en.html
Happy Europe Day! 🇪🇺🎉
On this day in 1950, the Schuman Declaration was signed. Based on the principles of peace and solidarity, it heralded the first step towards European integration.
Join us in celebrating Europe and what unites us!
This #EuropeDay is different.
Today is the anniversary of the Schuman Declaration, which paved the way for the creation of the EU.
This year we also stand in solidarity with our Ukrainian neighbours as they defend themselves against Russia’s aggression.
We must work for peace.
Lagarde: Adjustments to our key interest rates will be gradual and will take place some time after the end of net asset purchases. My expectation is that these purchases should be concluded early in the third quarter
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Lagarde: Our task is to maintain price stability in the euro area over the medium term. Three general principles will guide us:
1⃣Optionality to respond to different scenarios
2⃣Gradualism to allow us to act prudently
3⃣Flexibility to ensure even monetary policy transmission
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🧵Russia’s war in Ukraine is first and foremost a human tragedy, President @Lagarde tells @Delo. It is also weighing on growth and boosting inflation. At the same time, the reopening of the economy after the pandemic is supporting economic activity https://www.ecb.europa.eu/press/inter/date/2022/html/ecb.in220507~fdd3e686dc.en.html
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⚡️ Missed our live Twitter Q&A with Executive Board member @FrankElderson? Catch up here! #AskECB https://nitter.eu/i/events/1522606317994713090
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
