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
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? Find out more in the latest results of our Consumer Expectations Survey.
Press release https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr221007~1399021100.en.html
Inflation excluding energy and food rose to 4.8% last month. As monetary policy works mainly via the demand channel, we analysed price changes of individual items to find out how supply and demand shocks are contributing to rising prices https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202207_07~8b71edbfcf.en.html #EconomicBulletin
RT @Lagarde: I was very happy about the good in-depth discussions we had in our Governing Council and the following informal meeting in Cyprus. A big thank you to Central Bank of Cyprus Governor @herodotou_c for his hospitality.
Account of the monetary policy meeting of the Governing Council of the ECB on 7-8 September 2022 https://www.ecb.europa.eu/press/accounts/2022/html/ecb.mg221006~a5f7fb03f3.en.html
Our survey on cash use focuses on a representative sample of companies employing one or more people in the retail, accommodation, food, arts, entertainment, recreation, and other sectors.
Read the full results https://www.ecb.europa.eu/stats/ecb_surveys/use_of_cash_by_companies_in_the_euro_area/html/index.en.html
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🧵96% of the surveyed firms in the euro area accept cash payments, according to our first survey on the use of cash by euro area companies
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Cash is widely accepted and companies see it as being good for overall costs, transaction speed and reliability. Slightly more than half of euro area supermarkets, other shops and restaurants prefer card payments
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Euro area quarterly balance of payments and international investment position (Q2 2022) https://www.ecb.europa.eu/press/pr/stats/bop/2022/html/ecb.bq221005~0d41ed5cc2.en.html
Cash is not the same thing as an electronic payment: the first is central bank money, the second uses private money. How do you use each type of money in your daily life? And why does this matter for understanding the need for a digital euro? #Explainer https://www.ecb.europa.eu/ecb/educational/explainers/html/digital_euro_central_bank_money.en.html
RT @Lagarde: Live now from Cyprus: I’m speaking to around 100 university students in an open discussion, together with Central Bank of Cyprus Governor @herodotou_c ⬇️
You can now sign up for our annual Conference on Monetary Policy, which will be held online on 10 and 11 October.
We’ll be looking at policy strategy and transmission, credit and financial crises, and more.
Sign up here https://www.ecb.europa.eu/pub/conferences/html/20221010_mon_pol_conference.en.html
Banks need to seriously engage with supervisors on the downside risks to the macroeconomic and financial outlook, says Supervisory Board Chair Andrea Enria. The particular set of risks calls for prudent behaviour and proactive risk management.
Read more https://www.bankingsupervision.europa.eu/press/speeches/date/2022/html/ssm.sp221004~9c9e9504c2.en.html
Euro money market statistics (5th maintenance period 2022) https://www.ecb.europa.eu/press/pr/stats/euro_money_market/html/ecb.emms221004~778c251c50.en.html
Euro area bank interest rate statistics (Aug 2022) https://www.ecb.europa.eu/press/pr/stats/mfi/html/ecb.mir2208~f78003f57e.en.html
Falling real wages will weigh on aggregate demand, says @Isabel_Schnabel at @ForoLaToja.
But today’s crisis is damaging potential output, and firms’ efforts to protect their profit margins imply that inflationary pressures may remain high.
Read the speech https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220930~9dac17b1fe.en.html
RT @FrankElderson: It was a real pleasure to meet students and talk about sustainability, climate change and the urgent need for greening the financial system at the @Room4Discussion event, held by the @UvA_Amsterdam.
Many thanks for all the interesting questions and the great discussion!
RT @SquawkStreet: .@ecb's Philip Lane sits down with @steveliesman to discuss the economic outlook for Europe.
Register now and watch live from 19:00 CET/13:00 EDT: Chief Economist Philip R. Lane talks to @ClevelandFed President Loretta J. Mester about the challenges of addressing euro area and US inflation https://www.clevelandfed.org/en/newsroom-and-events/events/2022/inflation-drivers-and-dynamics-conference-2022/agenda.aspx
RT @ClevelandFed: Join our #CenterForInflationResearch and the @ecb at the upcoming #Inflation: Drivers and Dynamics 2022 …
Supervisory Board member Elizabeth McCaul talks about the whys and hows of data in banking supervision at the Conference on the Future of Central Banking. The event in Lithuania will mark the centenary of @Lietuvosbankas’ founding.
Watch live https://www.lb.lt/en/events/international-conference-future-of-central-banking
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
