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: A new optimum currency area index for the euro area https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2730~75e621eb1d.en.pdf?eda1e57c330e7fdc56978b64fbac6212
Working Paper: Consumer payment preferences in the euro area
https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2729~77a315ffeb.en.pdf?4300be55faba196544f539b84d2dfdd7
Working Paper: Pricing of green bonds: drivers and dynamics of the greenium https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2728~7baba8097e.en.pdf?ce6b04544ba34e74e06e8dcc5a48b874
Working Paper: Deflationary financial shocks and inflationary uncertainty shocks: an SVAR Investigation https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2727~a82f405ead.en.pdf?52654ce648d255f6ea6f36f19efbf747
Banks now have more board-level expertise on climate-related risks, says Supervisory Board member Anneli Tuominen at the 9th Conference on the Banking Union. However, many are not yet fully aligned with our supervisory expectations.
Economic bulletin box: Liquidity conditions and monetary policy operations from 20 April to 26 July 2022 https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202206_05~ae791bc15b.en.html
Economic bulletin box: The role of public employment during the COVID-19 crisis https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202206_01~abbe041537.en.html
Credit rating agencies have made progress on climate risk but we still see room for improvement. Find out more about our efforts to assess how credit agencies take climate change into account https://www.ecb.europa.eu/pub/pdf/scpops/ecb.op303~eaa6fe6583.en.pdf?26d23c18fd6af8516a0d3b1c86384422
We commit to ambitious standards for integrating climate-related risks into the in-house credit assessment systems of euro area central banks by 2024. This is part of our action plan to incorporate climate change in our monetary policy https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202206_06~d7f88f706f.en.html #EconomicBulletin
The latest Economic Bulletin is out!
The Bulletin presents the economic and monetary information which forms the basis for our policy decisions.
Read more https://www.ecb.europa.eu/pub/economic-bulletin/html/eb202206.en.html
We are doing whatever is needed to bring inflation back to our 2% target, Executive Board member @Isabel_Schnabel tells @tonline.
We need to continue raising interest rates as inflation is likely to remain high for some time despite a looming downturn
https://www.ecb.europa.eu/press/inter/date/2022/html/ecb.in220922~0f586d9078.en.html
Working Paper: A sensitivities based CoVaR approach to assets commonality and its application to SSM banks https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2725~8ecb5a7ea3.en.pdf
Working Paper: Will the green transition be inflationary? Expectations matter https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2726~3e04b5ba5d.en.pdf
The average nominal yields for long-term debt securities issued by euro area governments in the past year increased to 0.9% in August. The largest increases were in Germany, Greece, France, Italy, Cyprus, Lithuania, Luxembourg, Malta and Austria
https://sdw.ecb.europa.eu/browseTable.do?org.apache.struts.taglib.html.TOKEN=7f33735b6d0c7f627ee4c861d1268584&df=true&ec=1&dc=&oc=0&pb=1&rc=0&DATASET=0&removeItem=&removedItemList=&mergeFilter=&acti…
Climate-related taxes and spending represent only a small part of euro area governments’ budgets. Countries have set ambitious targets, but more measures are needed to mitigate the impact of climate change and reach net zero by 2050 https://www.ecb.europa.eu/pub/economic-bulletin/articles/2022/html/ecb.ebart202206_01~8324008da7.en.html #EconomicBulletin
We are determined to deliver price stability, and expect to raise interest rates further to achieve 2% inflation, says President @Lagarde. We must settle at a rate that ensures inflation returns durably to our target, as the economic environment evolves https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220920~c3afc1a441.en.html
Banks’ risk management practices should correspond to their risk-taking, says Supervisory Board member Elizabeth McCaul at the European Leveraged Finance Conference. Banks should properly identify, measure, manage and limit risks.
Read the full speech https://www.bankingsupervision.europa.eu/press/speeches/date/2022/html/ssm.sp220920~d41dede079.en.html
The distribution of longer-term inflation expectations of professional forecasters has recently recentred around 2%, according to our survey. But some respondents expect the current inflation spike to be more persistent https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202206_03~bba52a0a2a.en.html #EconomicBulletin
The euro area labour market has recovered considerably since the trough during the pandemic. And the participation rate of older workers is now increasing again
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The main reason for early retirement was poor health. This reflects people’s perceptions of greater health risks during the pandemic
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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
