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
President @Lagarde's introductory statement in charts https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp221128_annex~5c6de13a36.en.pdf
Introductory statement by President Christine @Lagarde at the hearing of the Committee on Economic and Monetary Affairs of the European Parliament https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp221128~5a858fbefd.en.html
Lagarde: In December, we will also lay out the key principles for reducing the bond holdings in our asset purchase programme portfolio. It is appropriate that the balance sheet is normalised over time in a measured and predictable way.
Lagarde: The ECB is committed to taming inflation and to ensuring price stability. Interest rates are, and will remain, the main tool for fighting inflation. Higher interest rates will help bring prices down and will have an effect on inflation expectations.
Lagarde: Economic growth is slowing rapidly. By reducing people’s real incomes and pushing up costs for firms, high inflation is dampening spending and production. Growth is expected to weaken further throughout the rest of this year and the beginning of next year.
Lagarde: The reopening of the economy after the pandemic meant a rapid release of pent-up demand, contributing to a gradual increase in core inflation over the year.
Lagarde: The impact of Russia’s war in Ukraine has been felt around the world. Inflation has surged, prompting central banks to raise interest rates. Energy costs have been a key driver of euro area inflation, which is at its highest since the start of our monetary union.
Live now: President @Lagarde speaks before the Committee on Economic and Monetary Affairs of the @europarl_en and answers questions from its members. Follow here https://multimedia.europarl.europa.eu/en/webstreaming/committee-on-economic-and-monetary-affairs_20221128-1500-COMMITTEE-ECON @EP_Economics
We’ve released the microdata from our Consumer Expectations Survey for research and public use. Check out the details behind the latest expectations for inflation, housing, spending and more https://www.ecb.europa.eu/stats/ecb_surveys/consumer_exp_survey/html/data_methodological.en.html
RT @ECB_Research: The microdata from our Consumer Expectations Survey (CES) is now available on @ecb website! Check it out if you are interested in studying expectations related to…
Tune in at 15:00 CET to watch President Christine @Lagarde speak before the Economic and Monetary Affairs Committee of the @europarl_en and answer questions from its members.
Follow the webcast here https://multimedia.europarl.europa.eu/en/webstreaming/committee-on-economic-and-monetary-affairs_20221128-1500-COMMITTEE-ECON @EP_Economics
The ECB Survey of Monetary Analysts (SMA), December 2022
https://www.ecb.europa.eu/stats/ecb_surveys/sma/shared/pdf/ecb.sma221128_questionnaire.en.pdf?bb0ad38b97217c8d1956d22639fe5a03
How did euro area bank lending and money supply evolve in October? How do they compare with September’s figures? Find out more in the press release
https://www.ecb.europa.eu/press/pr/stats/md/html/ecb.md2210~fd48665c36.en.html
Letter from the ECB President to Ms Manon Aubry, MEP, on economic policies
https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter221125_Aubry_3~abf709aed2.en.pdf?db4a34f8d1579bcd612bcbb98d94f0f8
Letter from the ECB President to Ms Manon Aubry, MEP, on monetary policy
https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter221125_Aubry_2~4590192fef.en.pdf?b9a8813ebe2cb1d6a34447f974ce515a
Letter from the ECB President to Ms Eva Kaili, MEP, on monetary policy
https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter221125_Kaili_1~049c2712aa.en.pdf?6b2dfa1d04267dded1a98ed7e6fe20d7
Letter from the ECB President to Mr Domènec Ruiz Devesa, MEP, on monetary policy
https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter221125_Devesa~be9008d61e.en.pdf?c4fd7a741c884013a304afc51e9dac38
This volatility also presents challenges for investment funds, which hold small amounts of liquid assets. Their behaviour in a stressed market, where they need to sell assets to raise cash, may increase risks to financial stability. Read more https://www.ecb.europa.eu/pub/financial-stability/fsr/html/index.en.html?utm_source=twitter&utm_medium=social&utm_campaign=fsrnov2022_postpubfunds 2/2
🧵 How stable are the financial markets?
Bond and stock markets have been volatile, with prices generally falling since the start of 2022. So far these changes have been orderly but our Financial Stability Review shows this could change unexpectedly https://www.ecb.europa.eu/pub/financial-stability/fsr/html/index.en.html?utm_source=twitter&utm_medium=social&utm_campaign=fsrnov2022_postpubmarkets 1/2
Today is the @UN International Day for the Elimination of Violence against Women.
We’re flying orange flags and wearing orange pins at the ECB for the #OrangeTheWorld initiative to raise awareness of gender-based violence and show our support for women’s rights.
Europe’s banking system withstood the test of large and unexpected external shocks in recent years, says Supervisory Board member Kerstin af Jochnick. The current circumstances call for vigilance and prudence from bankers and supervisors alike.
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
