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
In June, people revised up their inflation expectations while they saw income growth unchanged. Consumers across all income and age groups in the euro area also expect the economy to contract over the next 12 months
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🧵 What do consumers in the euro area expect will happen to inflation, their incomes, their spending and the value of their homes 12 months from now? We’ve published the results of our Consumer Expectations Survey for the first time.
Press release https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220804~86490610ca.en.html
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Occasional Paper: Public wage and pension indexation in the euro area - An overview https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op299~61d0565cfb.en.pdf?0dcec766c127dbef6e98816a0baf1aa8
Economic bulletin box: Wage share dynamics and second-round effects on inflation after energy price surges in the 1970s and today https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202205_02~e203142329.en.html
Supply bottlenecks, rising energy costs and high uncertainty are hampering the recovery of euro area business investment. Looking ahead, the digitalisation and greening of the economy will bring both opportunities and challenges https://www.ecb.europa.eu/pub/economic-bulletin/articles/2022/html/ecb.ebart202205_01~ffb80444e5.en.html #EconomicBulletin
Working Paper: Macroprudential regulation of investment funds https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2695~22731e2f05.en.pdf?618e46790b43bdbb4bcf2f11006d5da2
Working Paper: Central Bank communication with the general public - Promise or false hope? https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2694~a5e2951c42.en.pdf?b0394a4138da5faf92bdbefb11a69fa2
Working Paper: Towards the holy grail of cross-border payments https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2693~8d4e580438.en.pdf?972bbc119868c193467dc86f4a7cf706
Working Paper: Contagion from market price impact - A price-at-risk perspective https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2692~e290ddd247.en.pdf?e129accaa05a8ad5a576d2ade3a54430
Euro area bank interest rate statistics (June 2022) https://www.ecb.europa.eu/press/pr/stats/mfi/html/ecb.mir2206~bb283783b8.en.html
Economic Bulletin box: Euro area fiscal policy response to the war in Ukraine and its macroeconomic impact https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202205_07~6db6f2c297.en.html
Despite a decline in traditional cash access points, overall access to cash in the euro area does not raise major concerns. We are monitoring developments and designing ways to measure access in order to tackle any issues that may arise
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🧵Cash is still the most popular means of payment in the euro area, but its use is gradually declining. This trend may lead to infrastructural changes that could reduce people’s access to cash https://www.ecb.europa.eu/pub/economic-bulletin/articles/2022/html/ecb.ebart202205_02~74b1fc0841.en.html #EconomicBulletin
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The weakening of cash infrastructure can affect people who prefer to use cash or who can’t use other means of payment. Our cash strategy aims to ensure adequate access to cash, preventing financial exclusion and guaranteeing consumers the freedom to choose how to pay
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The current increase in oil prices could cause a decline of around 0.8% in the level of euro area potential output in the medium term, according to estimates in the #EconomicBulletin. The price rises are due to supply factors linked to the war in Ukraine https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202205_04~f296647c4b.en.html
Only 20% of euro area households saved more during the pandemic, our Consumer Expectations Survey shows. The increase was largest among higher-income earners, so the effect of these extra savings in buffering high energy prices is limited https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202205_03~d262f01c8b.en.html #EconomicBulletin
Working Paper: Intensified competition and the impact on credit ratings in the RMBS market https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2691~e4306089a4.en.pdf
Working Paper: The trade-off between public health and the economy in the early stage of the COVID-19 pandemic https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2690~329b9b633a.en.pdf
Working Paper: The optimal quantity of CBDC in a bank-based economy https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2689~846e464fd8.en.pdf
Working Paper: Voluntary Support and Ring-Fencing in Cross-border Banks https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2688~7347dc11ae.en.pdf
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
