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
How can digitalisation help central banks? What role does cutting-edge technology play?
In this episode of #TheECBPodcast, host @katieranger_ talks about this and more with Claudia Plattner, our head of information systems.
Tune in https://pod.link/1481819425/episode/871221c1be21ad1829b535d5b5828a12
Working Paper: Does the European Central Bank speak differently when in parliament? https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2705~7f95a4cb77.en.pdf
One year after the strategy review, we find that our new monetary policy strategy has contributed to a more solid anchoring of inflation expectations at 2%. How do our recent policy decisions fit in with our new strategy?
More in #TheECBblog https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog220810~78357be60b.en.html
Euro area imports of services fell to 6.4% of GDP in the third quarter of 2020, affected by pandemic restrictions.
Find more statistics on how the pandemic has dented current account balances in our latest insight, available in all EU languages https://www.euro-area-statistics.org/statistics-insights/covid-and-current-account-balances-in-the-euro-area-zooming-in-on-services
Working Paper: Did COVID-19 induce a reallocation wave? https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2703~ce8739d3d5.en.pdf?f7d4a458d052f90cc6b6ec464be50e53
Working Paper: Informing macroprudential policy choices using credit supply and demand decompositions https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2702~2100b5f522.en.pdf?c9a3ecb78cc13a5f6bc4efe5acc38eef
We are celebrating Europe! 🇪🇺
The Europa Open Air concert with #hrSinfonieorchester is back this year on 25 August after a three-year break. Join us in front of our main building on the banks of the Main.
Find out more https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220809~e7bdaf1a77.en.html
RT @Lagarde: Are you a podcast fan? Want to learn more about central banking and economics?
Then add #TheECBPodcast to your summer listening list. Episodes cover a wide range of topics – from inflation and climate change to female economic empowerment https://pod.link/1481819425
Working Paper: Climate change mitigation – how effective is green quantitative easing? https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2701~72d8bfaa67.en.pdf?902d465d3a0a6159f5eb0c4b0d19c10e
Working Paper: Cross-country cross-technology digitalisation – a Bayesian hierarchical model perspective https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2700~08fcb49cd5.en.pdf?e1f20874ef0da4c002c417a75d8cea9f
Fernandez-Bollo: European banking supervision means that we have an equal responsibility to the bank parent company and the subsidiary. The local dimension of our European mandate is important to us, and decisions are taken together with all supervisors around the table
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🧵 Anti-money laundering regulation has been extremely fragmented, increasing banks’ compliance costs, Supervisory Board member Edouard Fernandez-Bollo tells Euromoney. Harmonising regulation in this area will contribute greatly to market integration https://www.bankingsupervision.europa.eu/press/interviews/date/2022/html/ssm.in220808~667751c9ce.en.html
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The non-performing loans (NPL) ratio – i.e. the ratio of NPLs to total loans – in the euro area decreased further to 1.98% in the first quarter of 2022. This is a key indicator of the quality of banks’ assets.
Read our press release https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220804_1~61fce20ed8.en.html
After the first round of sanctions, growth in Russian imports from sanctioning countries was 20 percentage points lower than imports from non-sanctioning countries. Figures suggest that Russia’s access to goods for producing military equipment was particularly affected
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Russian seaborne exports of food commodities experienced high volatility, while those from Ukraine have come to a halt owing to blockades of Black Sea ports. This has raised concerns for global food security, particularly for the countries most dependent on these exports
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🧵 War-related disruptions and economic sanctions severely affected trade flows with Russia in March. At end-March, weekly Russian sea shipments of oil to the US had declined by 60% from the 2021 average, and to the EU by 35% https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202205_01~9a64e27f6f.en.html #EconomicBulletin
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The latest Economic Bulletin is out!
The Bulletin presents the economic and monetary information which forms the basis for our policy decisions.
Read more https://www.ecb.europa.eu/pub/economic-bulletin/html/eb202205.en.html
Consumers’ expectations about the rate of increase in the value of their homes declined slightly, pointing to a levelling-off since October 2021. Interest rates on mortgages are expected to rise further.
Check out all the findings https://www.ecb.europa.eu/stats/ecb_surveys/consumer_exp_survey/html/index.en.html
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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
