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
ECB joins European data and cloud network initiative https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr221117~78120d41f0.en.html
RT @gaiax_aisbl: 📣 Big announcement during the #GaiaX #Summit22 🏦Finance/Banking Session!
We are happy to welcome European Central Bank as a new Gaia-X member! 🙌
Join us live now 👉 https://t.co/t90RmGP0XK
BaFin President Mark Branson explains the role of supervision in uncertain times. The latest supervision newsletter looks at banks and central counterparties in stressed derivatives markets, smaller banks’ credit risk and Pillar 3 reconciliation.
Read more https://www.bankingsupervision.europa.eu/press/supervisory-newsletters/html/index.en.html?utm_source=ecb_twitter&utm_medium=social&utm_campaign=221117_basu_newsletter_nov_2022
Panetta: A joint European approach is in our collective interest. Common policies are more likely to deliver the necessary reduction in energy intensity, protect our energy security and finance required investments.
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Panetta: Supply and demand for fossil fuel and renewable energy will determine how energy prices evolve in the future. Policies that reduce demand for fossil fuels and stimulate production of cheaper renewable energy sources can help contain inflationary pressures
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Panetta: Today’s high energy prices cannot be blamed on the green transition. They are mainly the result of Russia’s disruption of fossil fuel supplies in an already tight market. If the green transition had happened earlier, we'd be less exposed to the current energy shock
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🧵Understanding the relationship between the transition to a greener economy and the price of energy is crucial for us given our price stability mandate, says Executive Board member Fabio Panetta.
Full speech
https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp221116~c1d5160785.en.html
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RT @ECB_Research: 🧵New Working Paper by @FHolmhad, @Th_Renault and S. Hauptmeier: Risk sharing and monetary policy transmission https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2746~3b413f2921.en.pdf?1a75427bc645b849f091107b9904db2e 1/4
RT @ECB_Research: 🧵Working Paper by @Diana__Bonfim, @fheider, @farzado, @gschepen, C.Bittner and C. Soares: The augmented bank balance-sheet channel of monetary policy https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2745~72b90b74da.en.pdf?7c8a69368def6ee6c619ca1434279718
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The latest post on #TheECBblog focuses on why Europe needs to aim for a more ambitious green capital markets union and invest more in research and development to jumpstart the green innovation engine.
Read more https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221115~cc6d23739c.en.html
Market uncertainty around inflation and interest rates has increased the risk of asset prices changing in an abrupt or disorderly way.
Less liquidity in key markets may also make it harder for investors to adjust their portfolios or raise funds https://www.ecb.europa.eu/pub/financial-stability/fsr/html/index.en.html?utm_source=twitter&utm_medium=social&utm_campaign=fsrnov2022_mainpublication 3/3
Inflation and high energy bills are hurting people, lowering their spending power and making it harder to repay loans.
But the scope for governments to do more to soften this impact is limited, given their high debt levels after the pandemic and the rising cost of funding 2/3
Risks to financial stability in the euro area have risen, with people and firms feeling the effects of higher inflation and a weaker economic outlook.
Our Financial Stability Review looks at how the financial system is faring in these difficult times https://www.ecb.europa.eu/pub/financial-stability/fsr/html/index.en.html?utm_source=twitter&utm_medium=social&utm_campaign=fsrnov2022_mainpublication 1/3
Interest rates remain our main instrument for steering monetary policy. But we’re ready to adjust all our instruments to maintain the consistent policy we need to achieve price stability, says Executive Board member @FrankElderson https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp221115~2bad2ebaec.en.html
Cyberattacks are becoming more frequent and more severe.
As our reliance on digital services grows, so do the risks posed to our financial system. What can be done to limit the impact?
Find out in a pre-released section of our Financial Stability Review https://www.ecb.europa.eu/pub/financial-stability/fsr/special/html/ecb.fsrart202211_03~9a8452e67a.en.html?utm_source=twitter&utm_medium=social&utm_campaign=fsrnov2022_prerelease2
Looking for the latest on monetary policy and other topics? Follow @ECB_Research, run by our research colleagues!
RT @ECB_Research: Hi! 👋 This new account is run by @ecb researchers.
Follow us for insights, analysis, and other research news across the European Central Bank. We’ll be tweeting about the economy and central bank policies in the euro area and beyond!
RT @NGFS_: Today, the #NGFS and the Financial Stability Board (@FinStbBoard) published a joint report outlining initial findings from climate scenario analyses undertaken by financial authorities to assess climate related financial risks.
Andrea Enria: fireside chat with Martin Arnold at the @DNB_NL Banking Seminar https://www.bankingsupervision.europa.eu/press/interviews/date/2022/html/ssm.in221115~bd4306961f.en.html
How is high inflation affecting lower-income groups? What are the risks for financial stability?
A pre-released feature from our Financial Stability Review looks at household income inequality in times of rising prices and interest rate hikes.
A resilient financial sector is essential in these times of high uncertainty, says Vice-President Luis de Guindos. To build on this resilience, we must focus on making the macroprudential toolkit more effective and implementing Basel III.
https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp221114_1~666e64bcc4.en.html
Panetta: Macroeconomic policies should be designed to avoid unnecessarily heightening the risk that the contraction that seems increasingly likely in coming months becomes a severe and protracted one, which would scar the economy.
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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
