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
🇪🇺@FrankElderson: The ECB’s projections have underestimated inflation. This reflected factors that many other expert forecasters did not foresee either, like the unexpected surge in energy prices and more persistent supply bottlenecks that have been aggravated by the war #AskECB
RT @drmock2: @FrankElderson @ecb My serious questions: Do you think the ECB needs a more transparent mechanism and communication for inflation projections. While m…
🇪🇺@FrankElderson: My colleague Fabio Panetta recently spoke about this in detail. Read the full speech here #AskECB
RT @ecb: 🧵 Globally coordinated efforts are needed to bring crypto-assets into a regulatory framework, says Executive Board member Fabio Panetta at @Columbia. We must not repeat past mistakes by waiting for the bubble to burst before acting https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220425~6436006db0.en.html?utm…
🇪🇺@FrankElderson: We need a globally coordinated approach to regulating crypto-assets as they are a global phenomenon. Regulation needs to balance risks and benefits, and address issues like cross-border illicit activities and the environmental footprint of crypto-assets #AskECB
RT @Patrick07057147: @ecb @FrankElderson #AskECB @FrankElderson what's the ECBs position on blockchain and will there be an EU regulatory when it comes to crypto c…
🇪🇺@FrankElderson: Our approach to policy normalisation is completely data-dependent. We will discuss this in detail at our June meeting #AskECB
RT @MacroDiver: #AskECB The ECB is considering hiking rates in the near future. Given how far it is behind the curve would 50 bp increment be more appropriate?
🇪🇺@FrankElderson: It is true that the war is weighing significantly on activity, but it also pushes up inflation, mainly through higher energy prices. Our mandate is price stability, so we will make sure that we bring inflation to our target of 2% over the medium term #AskECB
RT @LuisArruda6: @ecb @FrankElderson Hello, with such weak activity numbers coming out every day confirming rising odds of a recession in 🇪🇺, why would is the @ecb di…
🇪🇺@FrankElderson: Over the last few years, we were faced with severe shocks like the pandemic and now the war. By adjusting borrowing costs we can steer the economy in a way that supports a return to our 2% target over time. This is our unwavering commitment #AskECB
RT @Elliot__Elliot: @ecb @FrankElderson Why do we still believe in year 2022 that a central entity can manage such a complex task like price stability, which comprises billions…
🇪🇺@FrankElderson: Weaker incoming data don’t suggest so far that we’re entering a recession and we expect inflation to decline – all depending on how the war evolves and the impact of sanctions. We will decide on the next step for the normalisation of our policies in June #AskECB
RT @drmock2: @FrankElderson @ecb 2. Now there is a recession simultaneously to still rising inflation and a monetary policy still far behind the curve.
Which refo…
🇪🇺@FrankElderson: As a central bank, we set the key interest rates for the euro area. These influence the cost of borrowing and with that, rates for housing loans. The timing for rate hikes depends on incoming data, and we will discuss this in detail in our June meeting #AskECB
RT @Fhecian: @ecb @FrankElderson Would you consider window guidance towards renewable and nuclear energy? Will you consider increasing rates for housing credits?
🇪🇺@FrankElderson: The exact timing of rate hikes will depend on incoming data. We will discuss this in detail at our next Governing Council meeting on 9 June in Amsterdam #AskECB
RT @HGilbert_: @ecb @FrankElderson #AskECB Some of your colleagues have indicated a possible rate hike in July, and one other said June, which month do you expect the ECB to first hike its deposit rate?
🇪🇺@FrankElderson: Housing price statistics for the euro area are prepared by Eurostat, and that’s the data we look at. There is quite a bit of variation in house price growth between countries. For a recent release, see here https://ec.europa.eu/eurostat/web/products-eurostat-news/-/ddn-20220408-1 #AskECB
RT @gallop_retwit: I’d like to #AskECB whether they have any clue about the actual change of prices of residential properties (land, ho…
🇪🇺@FrankElderson: Surging energy prices are the main reason for current high inflation, but supply bottlenecks are also playing a role. While higher interest rates would not solve this, we have to ensure that high inflation does not get entrenched in people’s expectations #AskECB
RT @FrancescaIacca5: @ecb @FrankElderson #AskECB what does the ECB’s executive board think about the causes behind the spike in inflation? Is it possible that inf…
My colleague Philip R. Lane talked about these aspects and the euro area outlook in more detail yesterday. You can find his speech here https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220505~dcbd30ecb6.en.html
🇪🇺 @FrankElderson: We hear people’s concerns and take them seriously. Inflation is very high at the moment, which is particularly hard on people with low incomes. We will decide on the next step for the normalisation of our policies in June #AskECB
RT @RalevVladimir: @FrankElderson @ecb Why is the board's opinion on rates and price stability so far disconnected from the popular opinion? Poll after poll show people disapprove of ECB's actio…
🇪🇺 @FrankElderson: Russia’s horrific war in Ukraine has shown how vulnerable Europe is as a result of our dependency on fossil fuels. We all need to do our part to speed up the green transition to reduce these dependencies and protect people from energy price spikes #AskECB
RT @RealApparelInc: @ecb @Lagarde @FrankElderson #askECB:
Mr Elderson with what is taking place in Eastern Europe and high inflation what is the outlook for the Paris a…
Hello, this is @FrankElderson, Executive Board member at the ECB. I’m looking forward to answering your questions for the next 45 minutes or so. Join the conversation! #AskECB
The pandemic, the energy shock and the war in Ukraine are the three main challenges in assessing the economic and inflation outlook for the euro area, says Chief Economist Philip R. Lane. He reviews some of the main implications of these factors https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220505~dcbd30ecb6.en.html
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
