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
Mark Branson, ECB Supervisory Board member and President of @BaFin_Bund – Germany’s Financial Supervisory Authority – shares his views on asset valuations, cyberattacks and interest rates. He also discusses crypto-assets and sustainable finance.
A clearer understanding of how climate change affects the economy will help us all make better decisions. #TheECBblog looks at the new climate scenario tool of the @NGFS_ and how it will help us to deal with the uncertainty ahead
https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221118~e416e71aba.en.html
Showing commitment to our price stability mandate is key to keeping inflation expectations anchored, says President @Lagarde at the European Banking Congress. Our job is to bring inflation down to our 2% target, and we’ll take all necessary steps to do so https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp221118~639420cee0.en.html
RT @imf_podcast: What’s the difference between #inflation in the US and inflation in Europe? Listen to European Central Bank @ecb Chief Economist Philip Lane in the latest @imf_podcast https://podcasts.apple.com/us/podcast/philip-lane-on-the-nature-of-europes-double-digit-inflation/id1029134681?i=1000586585068
Chief Economist Philip R. Lane spoke to the @imf_podcast about inflation, consumer expectations and the need to protect vulnerable people with specific tailored fiscal measures.
Listen here https://imfpodcast.libsyn.com/philip-lane-on-the-nature-of-europes-double-digit-inflation
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.
4/4
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
3/4
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
2/4
🧵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!
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
