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
Falling real wages will weigh on aggregate demand, says @Isabel_Schnabel at @ForoLaToja.
But today’s crisis is damaging potential output, and firms’ efforts to protect their profit margins imply that inflationary pressures may remain high.
Read the speech https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220930~9dac17b1fe.en.html
RT @FrankElderson: It was a real pleasure to meet students and talk about sustainability, climate change and the urgent need for greening the financial system at the @Room4Discussion event, held by the @UvA_Amsterdam.
Many thanks for all the interesting questions and the great discussion!
RT @SquawkStreet: .@ecb's Philip Lane sits down with @steveliesman to discuss the economic outlook for Europe.
Register now and watch live from 19:00 CET/13:00 EDT: Chief Economist Philip R. Lane talks to @ClevelandFed President Loretta J. Mester about the challenges of addressing euro area and US inflation https://www.clevelandfed.org/en/newsroom-and-events/events/2022/inflation-drivers-and-dynamics-conference-2022/agenda.aspx
RT @ClevelandFed: Join our #CenterForInflationResearch and the @ecb at the upcoming #Inflation: Drivers and Dynamics 2022 …
Supervisory Board member Elizabeth McCaul talks about the whys and hows of data in banking supervision at the Conference on the Future of Central Banking. The event in Lithuania will mark the centenary of @Lietuvosbankas’ founding.
Watch live https://www.lb.lt/en/events/international-conference-future-of-central-banking
Nature-related risks – including those associated with biodiversity loss – could have significant macroeconomic implications, says Executive Board member @FrankElderson. Central banks, supervisors, regulators and international standard-setting bodies need to address these risks.
Interaction between monetary, fiscal and macroprudential policies is essential for dealing with the current inflation shock, says Vice-President Luis de Guindos. Fiscal policy can contribute to the ECB’s main objective of keeping prices stable https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220929_1~99e5e3455a.en.html
Panetta: We will work with all stakeholders to establish a rulebook for the digital euro. It will provide a common framework within which to develop products and services built on a digital euro
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Panetta: We will ensure that the central bank cannot link any data to the identity of a digital euro user.
We also want to increase financial inclusion and ensure that everyone in the euro area is able to pay and be paid in digital euro
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🧵 Public-private cooperation on the digital euro is crucial, says Executive Board member Fabio Panetta. It will make public money accessible in digital form and allow innovative pan-European retail payment solutions to develop.
Speech https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220929~91a3775a2a.en.html
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Panetta: A well-designed digital euro would offer a solution for anyone needing to make or receive a payment.
It would be a strong foundation on which intermediaries could build payment services throughout the euro area, fostering competition and innovation
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Coming up at 9:00 CET: Executive Board member Fabio Panetta speaks about the progress of the digital euro project before the European Parliament’s Committee on Economic and Monetary Affairs @EP_Economics.
Our actions in pursuit of price stability do not undermine our commitment to incorporate climate change considerations within our work, says Executive Board member @FrankElderson at the @europarl_en event organised by the @GreensEFA.
Read the speech https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp220928~13fb6e1240.en.html
Working Paper: Digitalisation, institutions and governance, and growth - Mechanisms and evidence https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2735~0173124e9e.en.pdf?fb81abf7cf25aae4de30c3b28c914c16
Working Paper: Consumer savings behaviour at low and negative interest rates https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2736~b79d07069c.en.pdf?65b1cbff3cce1e11391359d6d3aaefaa
We invite interested parties to comment on our draft guide on qualifying holding procedures. The guide aims to clarify how we assess buyers of qualifying stakes in banks. Comments can be submitted until 9 November 2022.
Find out more https://www.bankingsupervision.europa.eu/press/pr/date/2022/html/ssm.pr220928~1c72f0c2e8.en.html
Russia’s unprovoked invasion of Ukraine marks a sharp rise in geopolitical risk for Europe. The latest ECB Blog post looks at how global stock markets have reacted to this, depending on their distance from Kyiv and the developments following the invasion. https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog220928~a4845ecd8c.en.html
RT @EUCouncil: Tune in LIVE to our European Cybersecurity month kick-off event today at 9:30h CEST!
Join the debate on #cybersecurity awareness, #phishing & growing #ransomware trends.
Hear the testimonials and best practices that will inspire organisations to up their game.
Click to watch⬇️
How did euro area bank lending and money supply evolve in August? How do they compare with July’s figures? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/md/html/ecb.md2208~163471f8e6.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
