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
Lagarde: Based on the inflation outlook, we decided to raise our key interest rates by 75 basis points in our latest policy meeting. We expect to raise rates further over the next several meetings to dampen demand and keep inflation expectations anchored.
Lagarde: Inflation rose further to 9.1% in August. Price pressures are spreading across more sectors, in part owing to the impact of high energy costs. We expect inflation to stay above our target for an extended period.
Lagarde: The euro area economy grew by 0.8% in the second quarter of 2022, mainly owing to strong consumer spending as the economy reopened. We expect economic activity to slow substantially in the coming months.
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_20220926-1500-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_20220926-1500-COMMITTEE-ECON @EP_Economics
Working Paper: Boosting carry with equilibrium exchange rate estimates https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2731~4db9534c80.en.pdf?0045757da25b1a849524c685d346d145
Working Paper: How do banks manage liquidity? Evidence from the ECB’s tiering experiment https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2732~9bb7f4e4cc.en.pdf?f616a74744ce53fffe1c703f3899dd14
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Panetta: Our role is to provide state-of-the-art infrastructures for wholesale transactions as a basis for private actors to develop their innovative services. These infrastructures can foster innovation within Europe and beyond.
Speech https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220926~5f9b85685a.en.html
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Panetta: Central bank money already exists in digital form for wholesale purposes. Wholesale central bank digital currency projects are about making digital interbank transactions, such as securities settlement and cross-currency payments, safer and more efficient.
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Panetta: Safeguarding this anchor is what our digital euro project is all about. We want to ensure that central bank money remains available to everyone in the euro area. But we also need to modernise the payment infrastructure underpinning our financial system.
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🧵 The digitalisation of finance has broadened payment options, with emerging fintechs, big techs and cryptos causing disruptions, says Executive Board member Fabio Panetta at the @bundesbank. We need to preserve an anchor of stability for the monetary and payments systems.
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Live at 9:30 CET: Executive Board member Fabio Panetta talks at the @bundesbank about wholesale central bank digital currency and modernising the payment infrastructure underpinning our financial system to meet evolving user demands.
Follow here https://www.bundesbank.de/de/service/termine/zahlungsverkehrs-symposium-2022-895778
RT @bundesbank: #Zahlungsverkehrssymposium im Livestream: Expert*innen diskutieren über "Zahlungsverkehr und Wert…
We are raising interest rates to bring inflation back down. How does that work? And what does it mean for you?
Find out in our explainer https://www.ecb.europa.eu/ecb/educational/explainers/tell-me-more/html/interest_rates.en.html
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
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
