Today we took these monetary policy decisions:
🔵We raised interest rates by a further 0.25 percentage points
🔵In July we will stop buying bonds under our asset purchase programme
https://www.ecb.europa.eu/press/pressconf/visual-mps/2023/html/mopo_statement_explained_may.en.html
See the combined monetary policy decisions and statement here https://www.ecb.europa.eu/press/pressconf/shared/pdf/ecb.ds230504~3751d33d72.en.pdf
President @Lagarde has just presented the Governing Council’s monetary policy statement.
Read the statement https://www.ecb.europa.eu/press/pressconf/2023/html/ecb.is230504~f242392c72.en.html
Watch the ECB press conference live: President Christine @Lagarde explains today’s monetary policy decisions https://n.respublicae.eu/i/broadcasts/1jMJgLOEemOxL
Coming up in 15 minutes: watch live as President Christine @Lagarde explains the latest monetary policy decisions.
We raised interest rates by 0.25 percentage points. See our latest monetary policy decisions https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.mp230504~cdfd11a697.en.html
Later today: watch live as ECB President Christine @Lagarde explains the latest monetary policy decisions.
Interested in more detailed information on the euro area balance of payments?
Keep an eye out for our quarterly releases. They now include additional data on sectors, trading partners and the use of debt instruments in foreign direct investment.
Apply today for our Scholarship for Women! It offers a €10,000 grant, expert mentoring and an ECB study visit. You could be eligible if you are enrolled, or about to enrol, in a master’s in economics, computing, statistics or engineering.
Find out more https://www.ecb.europa.eu/careers/what-we-offer/wecs/html/index.en.html
How did euro area bank lending and money supply evolve in March? How do they compare with February’s figures? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/md/html/ecb.md2303~5a86c581c4.en.html
We asked 158 banks in the euro area about changes in their lending behaviour and loan demand during the first quarter of 2023.
Find out the results https://www.ecb.europa.eu/stats/ecb_surveys/bank_lending_survey/html/index.en.html
Eurosystem to explore new technologies for wholesale central bank money settlement https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230428~6a59f44e41.en.html
RT @ECB_Research: Check out the programme for the @ecb Banking Supervision Research Conference -Banking Supervision in a New Economy: Digitalisation, Climate and Financial Innovation. Register now to attend the sessions online on 2-3 May at https://www.bankingsupervision.europa.eu/press/conferences/html/20230502_research_conference.en.html https://t.co/BdD4XlCRWh
Euro area economic and financial developments by institutional sector (Q4 2022) https://www.ecb.europa.eu/press/pr/stats/ffi/html/ecb.eaefd_full2022q4~31b4c8fce3.en.html
Banks need to build capital buffers when the economy is strong to support it in bad times.
Our Macroprudential Bulletin argues a positive neutral rate of the countercyclical capital buffer and more harmonisation in setting it would help its effectiveness https://www.ecb.europa.eu/pub/financial-stability/macroprudential-bulletin/html/ecb.mpbu202304_01~6eef01bb6a.en.html
ECB publishes Euro money market study 2022 https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230426~ffb1631c9b.en.html
Watch live from 20:00 CET: Vice-President Luis de Guindos discusses the economic and inflation outlook for the euro area in an interview with the Greek national broadcaster, @ertofficial_ https://www.ertnews.gr/live-tv/
RT @ECB_Research: New Discussion Paper by L. Dedola, M. Ehrmann, P. Hoffmann, A. Lamo @AnaLamoRubio, G. Paz Pardo @GonPazPardo, J. Slacalek & G. Strasser: “Digitalisation and the economy”
https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2809~6d29dc358d.en.pdf?ef1b0d54b3b76fef94be2171299aff31 1/5
We’ve made great progress on harmonising supervisory reporting in the EU over the last 20 years, says Supervisory Board Chair Andrea Enria. We must keep up momentum and push on towards integrated reporting for the good of the EU financial system.
Read more https://www.bankingsupervision.europa.eu/press/speeches/date/2023/html/ssm.sp230426~008d00b7a8.en.html
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