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
Working Paper: One scheme fits all - A central fiscal capacity for the EMU targeting eurozone, national and regional shocks https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2666~170f00add8.en.pdf?65877aa9f4dd4c817efc21e5b527f10a
RT @BIS_org: The #GreenSwanConference has started - watch the livestream ➡️ https://www.youtube.com/user/bisbribiz
RT @BIS_org: The Green Swan is back! Join us today for the second, fully livestreamed edition of the #GreenSwanConference on “Finance for the transition, a transition for finance” @ecb @NGFS_ #PBoC https://www.bis.org/events/green_swan_2022/overview.htm
Firms face new challenges as costs soar and the growth outlook weakens. The number of firms that might default is rising. Those hit hard during the pandemic are particularly exposed to higher energy prices.
Read more in our Financial Stability Review https://www.ecb.europa.eu/pub/financial-stability/fsr/html/index.en.html?utm_source=twitter&utm_medium=social&utm_campaign=fsrmay2022_postpubhighlight1
RT @BIS_org: Coming up tomorrow! Join the BIS, @ecb, @NGFS_ and People’s Bank of China #PBoC on 31 May-1 June for the second, fully livestreamed edition of the #GreenSwanConference on #TransitionFinance https://www.bis.org/events/green_swan_2022/overview.htm
Lane: It’s too early to know what will happen after September. It depends on how the economy evolves. Our policy roadmap covers different views – on one side, that inflation is exclusively due to a supply shock and, on the other, that there is a big domestic demand component
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🧵 It’s important to set clear expectations, given the uncertainty we face, Chief Economist Philip R. Lane tells @CincoDiascom. Our roadmap for monetary policy includes ending net asset purchases in July and the end of negative rates in September https://www.ecb.europa.eu/press/inter/date/2022/html/ecb.in220530~bc5cf9621c.en.html
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We recently published our latest Financial Stability Review, but what does financial stability mean in practice? How do we help monitor and stave off potential risks in the financial system?
Read our explainer to find out https://www.ecb.europa.eu/ecb/educational/explainers/tell-me-more/html/financial_stability.en.html
RT @ecb: With our explainers we want to open central banking themes up for everyone. The simple texts, videos and infogr…
With our explainers we want to open central banking themes up for everyone. The simple texts, videos and infographics answer questions about topics such as monetary policy, price stability and financial stability.
Check them out
https://www.ecb.europa.eu/ecb/educational/explainers/html/index.en.html
How did euro area bank lending and money supply evolve in April? How do they compare with March's figures? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/md/html/ecb.md2204~611a02fd5a.en.html
Exposure of European banks to Russian counterparts is a manageable challenge, says Supervisory Board Chair Andrea Enria. It is second-round effects that matter most, such as a slowdown of growth in the euro area, and rising energy and commodity prices https://www.bankingsupervision.europa.eu/press/interviews/date/2022/html/ssm.in220526~9240dda8a9.en.html
🗓 There is one week left to apply for the ECB Scholarship for Women!
The programme is open to women doing a master’s degree in economics, statistics, engineering or computing and offers grants of €10,000.
Apply by 1 June https://www.ecb.europa.eu/careers/what-we-offer/wecs/html/index.en.html
The outlook for financial stability has weakened as higher inflation and Russia’s war in Ukraine test the strength of the recovery after the pandemic, our latest Financial Stability Review shows.
Live today at 11:45 CET: Chief Economist Philip R. Lane discusses challenges for monetary policy in times of crisis. He will speak at a conference marking the 20th anniversary of the @bernacerprize https://www.fundacionareces.tv/directo
RT @FundacionAreces: ‼️ Mañana analizamos los retos económicos de Europa con reconocidos expertos internacionales
·La sesión matinal (11:30) se podrá seguir de forma presencial y por streaming. Inscripci…
Panetta: A critical element in determining the normalisation process will be how rate increases are transmitted.
Addressing fragmentation risks is central to the normal conduct of monetary policy in the euro area. We should avoid the risk of a “normalisation tantrum”.
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Panetta: Subject to incoming data, ending net asset purchases and then gradually exiting negative rates would allow us to remove the part of our monetary accommodation that is no longer needed, while continuing to steer output back towards potential
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Panetta: We are normalising monetary policy in times that are anything but normal.
Confronted with negative supply shocks and a lack of excess domestic demand, we should adjust our policy gradually and choose a mix of instruments that is robust to the uncertainty we face
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🧵 Normalisation does not mean removing stimulus outright, says Executive Board member Fabio Panetta. It's a process of gradually reducing that stimulus in a way that firmly anchors the inflation path at 2% over the medium term
https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220525~eef274e856.en.html
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RT @SAFE_Frankfurt: Last chance to register for the joint policy lecture @cepr_org with Fabio Panetta @ecb on “Normalization of Monetary Policy”
📅 25 May 2022 🕑 09 a.m. – 10 a.m. 📍 Goethe University, Campus Westend and online
Sign up here: https://safe-frankfurt.de/news-latest/events/fabio-panetta-policy-lecture.html #centralbanks #monetarypolicy
Results of the March 2022 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter derivatives markets (SESFOD) https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220524~ebef48ccf4.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
