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
Account of the monetary policy meeting of the Governing Council of the ECB of 8-9 June 2022 https://www.ecb.europa.eu/press/accounts/2022/html/ecb.mg220707~d5c3246061.en.html
What are we doing to account for the impact of climate change and the green transition on our economy?
Go to our updated climate change webpage to learn all about our climate agenda, climate-related risks and more https://www.ecb.europa.eu/ecb/climate/html/index.en.html
Banks must continue to adapt to a changing environment, says Supervisory Board member Kerstin af Jochnick. To remain attractive to investors, banks should consider the medium term when adjusting their business models https://www.bankingsupervision.europa.eu/press/speeches/date/2022/html/ssm.sp220707_2~ab24716e90.en.html
Most euro area firms expect selling prices to continue rising in the near term, our Survey on the Access to Finance of Enterprises shows. Input costs and the inflation outlook are the main factors behind these higher price expectations https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202205_06~c70344dd39.en.html #EconomicBulletin
The tail risk of a severe economic recession must sharpen our supervisory focus on priority areas such as credit risk management and counterparty credit risk towards non-bank financial institutions, says Supervisory Board member Elizabeth McCaul https://www.bankingsupervision.europa.eu/press/speeches/date/2022/html/ssm.sp220707_1~345fd7848c.en.html
The economic outlook has changed starkly since the start of the year, says Supervisory Board Chair Andrea Enria. Banks should review their capital trajectories to include updated adverse economic scenarios. These should inform banks’ distribution plans https://www.bankingsupervision.europa.eu/press/speeches/date/2022/html/ssm.sp220707~2c4f24a6b2.en.html
Letter from the ECB President to Mr Engin Eroglu, MEP, on Special Drawing Rights https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter220706_Eroglu~d9f9952e3e.en.pdf?d161d085dd81073e778a4ed544a9e68e (EN) https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter220706_Eroglu~d9f9952e3e.de.pdf (DE)
Letter from the ECB President to Seán Kelly, MEP, on climate change https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter220706_Kelly~f0d8e57c47.en.pdf
Letter from the ECB President to Mr Ville Niinistö, MEP, on climate change https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter220706_Niinisto~7a5c32683f.en.pdf
Register now and watch live tomorrow from 11:45 CET: Chief Economist Philip R. Lane talks about the green transition’s implications for productivity in the post-COVID19 era at the #GFP2022 organised by @OECD and @ecfin https://www.oecd.org/global-forum-productivity/events/gfp-brussels-2022/
RT @OECD: Starting tomorrow ⚠️
Curious to discover the future of productivity in the post-pandemic era?
Euro area financial assets vis-à-vis Russia fell by €53 billion in the first quarter of 2022, our euro area quarterly balance of payments shows. Total assets in Russia amounted to €385 billion, or 1.2% of euro area external assets.
Press release https://www.ecb.europa.eu/press/pr/stats/bop/2022/html/ecb.bq220705~124ed5a8bd.en.html
Euro area bank interest rate statistics (May 2022) https://www.ecb.europa.eu/press/pr/stats/mfi/html/ecb.mir2205~d836c17a9d.en.html
Euro area quarterly balance of payments and international investment position (Q1 2022) https://www.ecb.europa.eu/press/pr/stats/bop/2022/html/ecb.bq220705~124ed5a8bd.en.html
Euro money market statistics (3rd maintenance period 2022) https://www.ecb.europa.eu/press/pr/stats/euro_money_market/html/ecb.emms220705~4aa42af31a.en.html
How far have we come on the road to greening central banking?
Yesterday we met with civil society representatives to discuss our recent decisions on climate change and monetary policy.
Watch the session here https://www.youtube.com/watch?v=uNW-AKDBgdI
We are committed to fighting financial fragmentation, says Vice-President Luis de Guindos. This is so that the financing conditions of equally sound euro area businesses react similarly to changes in our monetary policy, regardless of where they are based https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220704~9f5fc26b43.en.html
Letter from the ECB President to Irene Tinagli, ECON Chair, on progress on climate-related action plan https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter220704_Tinagli~466b72513d.en.pdf
Working Paper: Transition versus physical climate risk pricing in European financial markets - A text-based approach https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2677~9fc49e8300.en.pdf?3175c20a90948592e46d78743b66ebc6
Working Paper: How well-behaved are revisions to quarterly fiscal data in the euro area? https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2676~65f27f7ac1.en.pdf?7f2b353ebef0e876f2feb488dbea1079
Working Paper: Digitalisation, Institutions and Governance, and Diffusion - Mechanisms and Evidence https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2675~8faf37ac20.en.pdf?22f15b0d46cf5fc6e49682b53f2ce8f6
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
