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
RT @BIS_org: Watch the #BISInnovationHub Eurosystem Centre opening event, with Agustín Carstens, @Lagarde, @bundesbank_prsd, François Villeroy de Galhau, Pablo Hernández de Cos, @makhloufgabs and others
@ecb @banquedefrance @bundesbank @BancoDeEspana @centralbank_ie https://www.bis.org/events/230328_ih_eurosystem_opening.htm
Panetta: In some industries, profits have increased strongly. If opportunistic behaviour by firms delays the fall in inflation, it would trigger a monetary policy reaction.
Other authorities should also intervene to prevent abuse of market power
5/5
Panetta: This means our monetary policy should be data-dependent and adaptable.
Moreover, it requires us to communicate our reaction function clearly and consistently
4/5
Panetta: In this context, we need to continuously assess the combined effect of our different policy instruments, the risks of non-linear effects and the spillovers from policies adopted elsewhere
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Panetta: We need to navigate between the risks of underreacting, which could prolong the inflationary effects of these shocks, and overreacting, which could turn volatility into instability
2/5
🧵 A string of shocks has created uncertainty for economies around the world, says Executive Board member Fabio Panetta.
The effects of some of these shocks are starting to unwind, but it may take some time for volatility to subside.
https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230322_2~af38beedf3.en.html
1/5
Speech Philip R. Lane: Inflation and Monetary Policy (presentation) https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230322_1~230d49064b.en.pdf
How did euro area current account balance evolve in January? How does it compare with the same month a year earlier? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/bop/2023/html/ecb.bp230322~a5ff22d9b7.en.html
President Christine @Lagarde gives a speech "The path ahead" at the ECB and its Watchers Conference in Frankfurt https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230322~306119d102.en.html
There is no direct parallel between US and euro area events, says Andrea Enria at an exchange of views before the ECON Committee. The banks we supervise do not have the same extreme exposure to interest rate risk as those with “SVB” business models.
More https://www.bankingsupervision.europa.eu/press/speeches/date/2023/html/ssm.sp230321_1.en.html
Watch live at 16:30 CET: Supervisory Board Chair Andrea Enria is to take part in an exchange of views alongside José Manuel Campa, Chair of the European Banking Authority, before the @europarl_en Committee on Economic and Monetary Affairs.
The strength of banks’ balance sheets has been crucial in weathering the turbulence of the past few weeks, Andrea Enria tells ECON Committee members. In recent years, banks have remained resilient and navigated the changing macroeconomic environment.
More https://www.bankingsupervision.europa.eu/press/speeches/date/2023/html/ssm.sp230321.en.html
Watch live at 14:30: Supervisory Board Chair Andrea Enria is to speak before the @europarl_en Committee on Economic and Monetary Affairs and answer questions from its members.
Follow the live webcast https://multimedia.europarl.europa.eu/en/webstreaming/econ-committee-meeting_20230321-1430-COMMITTEE-ECON
Our Annual Report on supervisory activities shows ECB Banking Supervision remained agile, consistent and prudent in 2022 as banks faced a challenging environment marked by the tail end of the pandemic, Russia’s war in Ukraine and rising interest rates.
Press release: Successful launch of new T2 wholesale payment system https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230321~f5c7bddf6d.en.html
The fight against racism is everyone’s fight.
Today, on the International Day for the Elimination of Racial Discrimination, we are united in our commitment to stand up to any kind of discrimination, prejudice or intolerance, and to actively #FightRacism.
Tune in tomorrow at 14:30 and 16:30 CET to watch Supervisory Board Chair Andrea Enria speak before the @europarl_en Committee on Economic and Monetary Affairs.
President @Lagarde's introductory statement in charts https://www.ecb.europa.eu/pub/pdf/annex/ecb.sp230320_annex.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/2023/html/ecb.sp230320~8cfe38e846.en.html
Lagarde: We continue to make progress on our climate roadmap. This week we will publish the first climate-related financial disclosures for the Eurosystem’s corporate sector assets, helping us to be more transparent about our climate impact and path to decarbonisation.
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
