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
Are the NextGenerationEU funds succeeding in making Europe’s economies stronger and more resilient? #TheECBblog looks at how the programme has been implemented so far and if it is delivering the desired results two years in.
Read more https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog.230215~4aad7004cf.en.html
Coming up from 14:00 CET: President Christine @Lagarde attends the @europarl_en plenary session on the ECB Annual Report for 2021. Follow the webcast here https://www.europarl.europa.eu/streaming/?event=20230215-0900-PLENARY
The @centralbank_ie's Deputy Governor, Sharon Donnery, explains how European banking supervision has evolved. The latest Supervision Newsletter also looks at macroeconomic changes, digitalisation and crypto-assets in banking https://www.bankingsupervision.europa.eu/press/supervisory-newsletters/html/index.en.html?utm_source=ecb_twitter&utm_medium=social&utm_campaign=230215_basu_newsletter_feb_2023
We must incorporate climate change considerations into our policy framework and analyse their impact on our projections. In the #EconomicBulletin we take a first look at how climate-related policies affect the projection baseline for growth and inflation https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202301_05~d8e33ee7ac.en.html
More than 60% of euro area workers had never worked from home before the pandemic, shows our Consumer Expectation Survey. In our #EconomicBulletin we look at how preferences for remote working have changed over the last three years https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202301_04~1b73ef4872.en.html
RT @Lagarde: Pleased to meet @NBUkraine_eng Governor Andriy Pyshnyy to discuss the current economic situation in Ukraine. Your country’s resilience in the face of Russia’s unjustified war is extraordinary.
Roses are red
Violets are blue
We will stay the course
And return inflation to 2
#ValentinesDay ❤️🥰
Our Graduate Programme is open for applications!
We’re looking for 15 talented people with recent postgraduate degrees. We offer experience in different areas, a personal mentor and the chance to work as part of a multicultural team. Interested? Apply now https://talent.ecb.europa.eu/careers/JobDetail?jobId=7105
Due to energy shocks, producers in energy-intensive sectors substituted cheaper imports for domestic production in 2022. This change helped limit the negative impact of rising energy prices by maintaining the production of final products https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202301_02~8d6f1214ae.en.html #EconomicBulletin
Falling Russian gas exports and a greater reliance on Asian liquefied natural gas markets could affect the EU’s ability to secure its gas supplies in 2023. Decisive factors include a rebound in Chinese demand and further cuts in supply https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202301_01~6395aa7fc0.en.html #EconomicBulletin
High inflation can impair public finances, particularly if caused by external supply shocks. Fiscal measures compensating for high energy prices reduce inflation in the short run, before their impact broadly reverses https://www.ecb.europa.eu/pub/economic-bulletin/articles/2023/html/ecb.ebart202302_01~2bd46eff8f.en.html #EconomicBulletin
Letter from the ECB President to Mr Nuno Melo, MEP, regarding a less significant credit institution https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter230210_Melo~59a7ada310.en.pdf (EN) https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter230210_Melo~59a7ada310.pt.pdf (PT)
Letter from the ECB President to Mr Markus Ferber, MEP, on monetary policy https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter230210_Ferber~c0323ef6b5.en.pdf
Time to wrap up for today. Many thanks for your questions – I really enjoyed our chat! Take care, @Isabel_Schnabel #AskECB
🇪🇺@Isabel_Schnabel: The euro removes exchange rate fluctuations and thereby makes trade and travel easier. Even as inflation is far too high, the euro has provided more price stability on average than the national currencies before it. The euro is a symbol of our unity. #AskECB
RT @PStein59990336: @ecb @Isabel_Schnabel What are the advantages for a country to join the eurozone?
#askecb
🇪🇺@Isabel_Schnabel: The return of a low inflation, low growth environment with low interest rates is not my baseline but cannot be excluded. It depends on how big structural changes, like the green transition, demography, digitalisation, globalisation, will play out. #AskECB
RT @WongGammelin: @ecb @Isabel_Schnabel Hallo! Do you expect ECB to adopt a zero interest rate policy in the medium run, if at all? #AskECB
🇪🇺@Isabel_Schnabel: Our primary mandate, defined by the Treaty, is price stability, which is affected by climate change. Without prejudice to price stability, we stand ready to support the fight against climate change and ensure alignment with the Paris Agreement. #AskECB
RT @KliberFilip: @ecb @Isabel_Schnabel #AskECB
Do EBC consider any changes in central bank goals? Are "green" goals posible?
🇪🇺@Isabel_Schnabel: There are many different effects, including on energy and commodity prices, foreign demand, bottlenecks and international competition. The net effect on euro area inflation is likely to be positive in 2023. #AskECB
RT @777mingus: Dear Mrs @Isabel_Schnabel, what is the net effect on inflation the @ecb expects from China's return to growth and trade after its lockdowns? #AskECB
🇪🇺@Isabel_Schnabel: We look at a wide range of indicators from market pricing to surveys. Longer-term inflation expectations remain largely anchored, but the right-hand tail has increased in many cases, which we are closely monitoring. #AskECB
RT @clemfon: @ecb @Isabel_Schnabel #AskECB you said that your main motivation for rising itnerest rates was to safeguard credibility and keep market expectations anchored. Which metric do you use to analyse the degree of exp…
🇪🇺@Isabel_Schnabel: Monetary policy has had little effect so far *on inflation*. Tighter bank lending conditions are early signs that our tighter monetary policy is working. But they also seem to be driven by banks’ risk perceptions. #AskECB
RT @p_e_r_i_c_l_e_s: #AskECB You've said that "So far, monetary tightening has had little effect". However, in the last Bank Lending Survey, we see a high number of banks reporting a decrease in demand for credit because of th…
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
