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 @Isabel_Schnabel: This is our 1st significant milestone in the implementation of our #ClimateActionPlan published one year ago. Our measures mitigate climate-related financial risks & support the green transition in line with EU policy, without prejudice to our primary objective of price stability
RT @FrankElderson: The only way to transition to a Paris-aligned economy is by taking action ⬇️
Today, the @ecb announced important steps to further incorporate climate change into our monetary policy operations https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220704~4f48a72462.en.html
RT @Lagarde: We are in the midst of multiple crises, including climate change, that are challenging our society and economy. Within our mandate, we are taking concrete steps to incorporate climate change into our monetary policy operations.
Read about our decisions https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220704~4f48a72462.en.html
🧵We're taking further steps to incorporate climate change into our monetary policy operations.
We'll better account for climate change in our:
1⃣corporate bond purchases
2⃣collateral framework
3⃣disclosure requirements
4⃣risk management
Press release https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr220704~4f48a72462.en.html
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These 4⃣ measures aim to reduce climate-related financial risks on our balance sheet, encourage transparency and support the green transition in line with the EU’s objectives.
We will regularly review that they are fit for purpose and aligned with the Paris Agreement
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This year’s IT bootcamp was a success!
The girls were introduced to the world of digital security, programmed LEGO robots, developed a JavaScript game, did experiments in our Banknotes lab and visited our urban garden.
Stay tuned for next year’s edition
https://www.ecb.europa.eu/ecb/educational/youth-initiatives/girls_it_bootcamp/html/index.en.html
Presentation by @Isabel_Schnabel (slides): Inflation in the euro area - past and future https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220702~ea05cea550.en.pdf?2f10fb155ec9027131a9a4bfa7126110
Panetta: This investment is necessary to protect our productive capacity and avoid a permanent loss of economic potential that could entrench inflationary pressures.
On our part, we will act with determination to preserve price stability while safeguarding European unity
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Panetta: Protecting our economic security also requires political investment in a common response to common shocks.
Reducing dependence on Russian fossil fuels and achieving the EU’s climate targets will require €500 billion of energy-related investments per year until 2030
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Panetta: Preventing financial fragmentation in the euro area is necessary to avoid self-fulfilling risks of instability and to adjust our monetary policy stance as needed to bring inflation back to 2%.
This is in the interest of all euro area countries
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Unity, not fragmentation, makes us strong, says Executive Board member Fabio Panetta. We must be united to overcome the geo-economic challenges we are facing.
Read the speech https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220701~254252d76e.en.html
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Working Paper: The impact of credit supply shocks in the euro area - Market-based financing versus loans
https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2673~7d8599b01a.en.pdf?b2ed88cef2e24406cbf0921675b1a12a
Working Paper: Organisational structure as a driver of mergers and acquisitions in the European banking sector https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2674~ebe571e288.en.pdf?b5bce125fcc6bb014d02bfa772528300
These are exceptional times, says Supervisory Board Chair Andrea Enria. Our focus on banks’ credit risk controls is more relevant than ever given the war in Ukraine, the exit from low interest rates and lingering post-pandemic vulnerabilities https://www.bankingsupervision.europa.eu/press/speeches/date/2022/html/ssm.sp220630~7a031416bf.en.html
Watch live from 9:00 CET: Supervisory Board Chair Andrea Enria speaks before the @europarl_en Committee on Economic and Monetary Affairs and answers questions from its members. Follow the live webcast https://multimedia.europarl.europa.eu/en/webstreaming/econ-committee-meeting_20220630-0900-COMMITTEE-ECON
RT @Lagarde: Some highlights from a truly inspiring three days at our #ECBForum in Sintra, Portugal.
A big thank you to:
🔹all those who participated in person and virtually
🔹the finalists of our Young Economist Prize for their fascinating papers
🔹the wonderful team organising the event
The winner of this year’s #ECBForum Young Economist Prize is @fkocheng! His research focused on firms’ external financing over their life cycle.
Congratulations to all the finalists on their achievements! Take a look at their papers https://www.ecb.europa.eu/pub/conferences/ecbforum/YE_competition/html/index.en.html
Tune in tomorrow at 9:00 CET to watch Supervisory Board Chair Andrea Enria speak before the @europarl_en Economic and Monetary Affairs Committee. Watch live https://multimedia.europarl.europa.eu/en/webstreaming/econ-committee-meeting_20220630-0900-COMMITTEE-ECON
LIVE: the policy panel at the #ECBForum on Central Banking https://nitter.eu/i/broadcasts/1dRJZlNkBboKB
Coming up shortly: the #ECBForum policy panel with Andrew Bailey, Agustín Carstens, Christine Lagarde and Jerome Powell, moderated by Francine Lacqua.
Watch it live here on Twitter.
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
