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
Unemployment hit a record low in March, but a dichotomy exists: more people are in jobs but, on average, they are working less. #TheECBblog looks at what might be behind this and what it means for the euro area labour market.
Read the post https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog230607~9d31b379c8.en.html
How stable is our financial system? And what risks do we see for banks and property markets?
Our host @katieranger_ unpacks this topic with financial stability expert @JohnPCFell on #TheECBPodcast.
Listen https://pod.link/ecbpodcast/episode/76d5138f881c68befadd2cfdab319cb5
Firms expect a decline in the availability of external financing but an improvement in the availability of internal funds. Turnover expectations remain positive. Read the results https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230607~7b025e4c73.en.html
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Financing needs increased only modestly, while the availability of external funds deteriorated slightly. The net percentage of firms reporting tighter price terms and conditions for bank loans reached a historical high.
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🧵Our latest survey shows that firms’ turnover continued to recover in Q4 2022 and Q1 2023, despite rising labour costs and higher costs of production.
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Completing the banking and capital markets union projects is key to enhancing integration and stability in the euro area financial system, says Vice-President Luis de Guindos. It will also ensure funding for the green and digital transitions.
Read more https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230607~eaf4f8b47a.en.html
Given the uncertainty about inflation persistence, the costs of doing too little outweigh the costs of doing too much, Executive Board member @Isabel_Schnabel tells De @tijd & @lecho.
A peak in underlying inflation is not sufficient to declare victory https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230607~3fc7acf294.en.html
Watch tomorrow from 09:00 CET: joint conference with @EU_Commission on European financial integration https://webcast.ec.europa.eu/annual-joint-comecb-conference-on-financial-stability-and-integration-2023-06-07
➡️Keynote: Vice-President Luis de Guindos
➡️Banking union panel: Executive Board member Fabio Panetta and Supervisory Board member Edouard Fernandez-Bollo
RT @EU_Finance: Getting ready for the Annual Joint Conference of @EU_Commission and @ecb on European …
What do consumers in the euro area expect will happen to inflation, their incomes, their spending and the value of their homes 12 months from now? We’ve published the latest results of our Consumer Expectations Survey.
Press release https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230606~ea83b4589a.en.html
Our independence requires strong accountability, and our dialogue with the @europarl_en is of key importance in these efforts.
We have signed an exchange of letters that formalises the accountability arrangements between our institutions https://www.ecb.europa.eu/ecb/orga/accountability/html/index.en.html
RT @FrankElderson: Today marks the 25th birthday of @ecb!
It’s a milestone in our institution’s history and inseparable from the history of our common currency. The euro has been a big success in building further stability in Europe and bringing us closer together. I’m proud to contribute to that. https://t.co/HDuxEKEOiO
RT @FrankElderson: The EU’s Emissions Trading System is key in fighting climate change. Luckily there’s a way to do this that does not reduce competitiveness in Europe while increasing emissions elsewhere. Keeping companies both green and competitive is crucial.
Interesting read in #TheECBblog ⬇️ https://t.co/gGaJqBnp8i
Lagarde: Financial stability in the euro area has been robust so far, but we continue to assess possible risks, taking into account a wide range of indicators. Price stability remains as crucial as ever for durably preserving financial stability.
Lagarde: Headline inflation declined from its October peak and stood at 6.1% in May, but price pressures remain strong. We are fully committed to fighting inflation and are determined to achieve its timely return to our 2% medium-term target.
Lagarde: Growth in the euro area nearly stalled in early 2023 and domestic demand remains weak. Activity is being supported by lower energy prices, easing supply bottlenecks and fiscal policy support to firms and households.
Lagarde: Since the ECB was created 25 years ago, our Board members have attended over 100 hearings before the @europarl_en. This engagement has been central to our accountability and has contributed to the euro becoming a currency that our fellow Europeans can trust.
President @Lagarde's introductory statement in charts https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230605_annex~1d4b59b9e3.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.sp230605~0aadd43ce7.en.html
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_20230605-1500-COMMITTEE-ECON @EP_Economics
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_20230605-1500-COMMITTEE-ECON @EP_Economics
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
