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
We continued to reduce our carbon footprint in 2021, mainly due to how the coronavirus pandemic changed the way we work. To ensure we build on this progress, we enhanced our environmental objectives and measures.
Read our environmental statement https://www.ecb.europa.eu/ecb/climate/green/html/ecb.environmentalstatement202207~dedabd566b.en.html
ECB response to the EFRAG’s public consultation on draft European Sustainability Reporting Standards https://www.ecb.europa.eu/pub/pdf/other/ecb.replyEFRAGpublicconsultation2022~a291805eff.en.pdf?b2bc79753b2e285b030f886a2a582752
Letter from the ECB President to Mr Emmanuel Faber, Chair of the ISSB, on Sustainability Disclosure Standards https://www.ecb.europa.eu/pub/pdf/other/ecb.reply220729_Faber~f0d01fd150.en.pdf?2ae3f33d008d6a68f95dfb0…
The economic outlook is complicated right now, Vice-President Luis de Guindos tells @postimees. Our mandate is price stability to which we are fully committed, so the main factor that will guide our interest-rate decisions will be evolution of inflation https://www.ecb.europa.eu/press/inter/date/2022/html/ecb.in220729~a9e5203ad4.en.html
We’ve relaunched #TheECBblog!
Topics for upcoming posts include the impact of price changes by gender and the benefits of explaining inflation targets.
Subscribe here https://www.ecb.europa.eu/press/blog/html/index.en.html
Immigrants to a euro area country earn less and are less wealthy than non-immigrants. Economic inequality means these two groups react differently to economic shocks, which matters for monetary policy transmission.
Read #TheECBblog post https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog220728~63cff48db0.en.html
Occasional Paper: The US labour market after the COVID-19 recession https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op298~f3f39e0b4f.en.pdf?d3cc282ea5f6ccfd0ff1349166a1b4c3
Occasional Paper: The economic impact of the NPL coverage expectations in the euro area https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op297~e4d8b4ce0f.en.pdf?062b53fd7789e17b8b3cb46820fc149e
Working Paper: Developing reconciled quarterly distributional national wealth – insight into inequality and wealth structures https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2687~a91d434d45.en.pdf?a6e92295c43d4ce29c860501de64873a
Working Paper: Financial Markets and Green Innovation https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2686~c5be9e9591.en.pdf?20e3f7cf0507dde69ccb5a8904c97c36
🧵 We’ve just raised our interest rates. This is an important step that affects everyone in the euro area.
We want to help you understand what it means for you, the economy and inflation – no matter how much or little you already know about it ⬇️
1/4
How did euro area bank lending and money supply evolve in June? How do they compare with May's figures?
Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/md/html/ecb.md2206~5ef6655a9c.en.html
Already clued up on our latest decisions, but want to know more about our monetary policy?
President @Lagarde has written a blog post on our journey towards lower inflation.
Read it on our website https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog220723~c2b1d4b654.en.html
4/4
Got the basics covered, but looking for a quick and easy-to-understand overview of what we decided and why?
Then our monetary policy statement at a glance is for you 🔍 https://www.ecb.europa.eu/press/pressconf/visual-mps/2022/html/mopo_statement_explained_july.en.html
3/4
New to the topic of interest rates and how they work?
Check out our explainer and the latest episode of #TheECBPodcast, which explain everything you need to know about interest rates in simple terms.
📖 Explainer https://www.ecb.europa.eu/ecb/educational/explainers/tell-me-more/html/interest_rates.en.html
🎧 Podcast https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod220723_episode38.en.html
2/4
🧵 We’ve just raised our interest rates. This is an important step that affects everyone in the euro area.
We want to help you understand what it means for you, the economy and inflation – no matter how much or little you already know about it ⬇️
1/4
We are pleased to demonstrate our commitment to an inclusive European banking sector by signing the charter together with EU national central banks and authorities.
🇪🇺🇧🇪🇧🇬🇩🇪🇪🇪🇮🇪🇬🇷🇪🇸🇫🇷🇭🇷🇮🇹🇨🇾🇱🇻🇱🇹🇱🇺🇭🇺🇲🇹🇳🇱🇦🇹🇵🇱🇵🇹🇷🇴🇸🇮🇸🇰🇫🇮🇸🇪
2/2
🧵We have published a system-wide equality, diversity and inclusion charter for European central banks and banking supervisors!
Press release https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220726_1~ccfe9fa207.en.html
Since Russia invaded Ukraine, the leveraged finance market has changed, Supervisory Board member Elizabeth McCaul tells Börsen-Zeitung. We are asking banks to do “look-through” credit risk analysis to understand where adjustments may be needed https://www.bankingsupervision.europa.eu/press/interviews/date/2022/html/ssm.in220726~effe59555b.en.html
Climate-related risks can spread quickly throughout the financial system and harm companies and banks alike. Our joint report with the @ESRBOfficial calls for macroprudential and microprudential policies to work together to lower these risks https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220726~491ecd89cb.en.html
RT @ESRBofficial: 🧵 We’ve published our joint report with the @ecb on how climate shocks can affect the European financ…
Working Paper: E pluribus plures - Shock dependency of the USD pass-through to real and financial variables https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2684~e73042a73f.en.pdf?b8d4b7a7982532f736691c4e720110f4
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
