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
Indicators show the economy is going to slow down and we are making sizeable interest rate increases, Chief Economist Philip R. Lane tells @derStandardat. This should make it clear to businesses and workers that demand conditions will be less favourable https://www.ecb.europa.eu/press/inter/date/2022/html/ecb.in220927~4e206dc58d.en.html
Watch again: President Christine @Lagarde speaking to @EP_Economics about our interest rate increases and bringing inflation back to our 2% target.
It was a pleasure to welcome @DrDanielRisch, Prime Minister of Liechtenstein, during his official visit to Frankfurt. Executive Board member @Isabel_Schnabel and Dr Risch discussed the current economic situation in the broader European and global context.
President @Lagarde's introductory statement in charts https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220926_1_annex~f3bdb6430e.en.pdf
Introductory statement by President Christine @Lagarde at the hearing of the Committee on Economic and Monetary Affairs of the European Parliament https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220926_1~0bd6fcc86c.en.html
Lagarde: We will continue to make our interest rate decisions on the basis of data, meeting by meeting. We stand ready to adjust all our instruments to ensure that inflation returns to our medium-term target in a timely manner.
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
Did you know that many parts of our website are available in a variety of EU languages? Select your language via the drop-down menu in the top right-hand corner and explore our website in the language of your choice https://www.ecb.europa.eu/
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
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
