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
Letter from the ECB President to Mr Domènec Ruiz Devesa, MEP, on monetary policy
https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter221125_Devesa~be9008d61e.en.pdf?c4fd7a741c884013a304afc51e9dac38
This volatility also presents challenges for investment funds, which hold small amounts of liquid assets. Their behaviour in a stressed market, where they need to sell assets to raise cash, may increase risks to financial stability. Read more https://www.ecb.europa.eu/pub/financial-stability/fsr/html/index.en.html?utm_source=twitter&utm_medium=social&utm_campaign=fsrnov2022_postpubfunds 2/2
🧵 How stable are the financial markets?
Bond and stock markets have been volatile, with prices generally falling since the start of 2022. So far these changes have been orderly but our Financial Stability Review shows this could change unexpectedly https://www.ecb.europa.eu/pub/financial-stability/fsr/html/index.en.html?utm_source=twitter&utm_medium=social&utm_campaign=fsrnov2022_postpubmarkets 1/2
Today is the @UN International Day for the Elimination of Violence against Women.
We’re flying orange flags and wearing orange pins at the ECB for the #OrangeTheWorld initiative to raise awareness of gender-based violence and show our support for women’s rights.
Europe’s banking system withstood the test of large and unexpected external shocks in recent years, says Supervisory Board member Kerstin af Jochnick. The current circumstances call for vigilance and prudence from bankers and supervisors alike.
Identifying the medium-term inflation path is a challenge in the current environment of high inflation together with energy and pandemic-related shocks, writes Chief Economist Philip R. Lane in #TheECBBlog. He analyses some of the key issues involved
https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221125~d34babdf3e.en.html
Banks are generally well capitalised, Supervisory Board member Kerstin af Jochnick tells @sole24ore. But the economic outlook has deteriorated, so banks need to consider downside scenarios in their capital trajectories.
Read the full interview https://www.bankingsupervision.europa.eu/press/interviews/date/2022/html/ssm.in221125~ab3cf58f96.en.html
Broad-based, untargeted fiscal measures risk fuelling medium-term inflation, says Executive Board member @Isabel_Schnabel.
Incoming data signal that inflation is more persistent, limiting the room for slowing down the pace of interest rate adjustments.
https://www.ecb.europa.eu/press/key/date/2022/html/ecb.sp221124~fa733bc432.en.html
Account of the monetary policy meeting of the Governing Council of the ECB on 26-27 October 2022
https://www.ecb.europa.eu/press/accounts/2022/html/ecb.mg221124~3527764024.en.html
How stable is the financial world in today’s challenging environment? What risks do we see for financial markets and the real estate sector?
Our host @katieranger_ talks to our experts Tamarah Shakir and @JohnPCFell on #TheECBPodcast.
Tune in https://pod.link/1481819425/episode/f767d20b29977d288051cd00d0cb3bf8
Research Bulletin: Financial stability and macroprudential regulation under diagnostic expectations
https://www.ecb.europa.eu/pub/economic-research/resbull/2022/html/ecb.rb221123~26823e3ac9.en.html
Smaller banks are vital for the economy but operate in a competitive environment. Some must step up efforts to reduce their stocks of non-performing loans, but their widely differing business models mean risk management must be tailored to each bank
Euro area monthly balance of payments (September 2022)
https://www.ecb.europa.eu/press/pr/stats/bop/2022/html/ecb.bp221122~e202738fac.en.html
Euro money market statistics (6th maintenance period 2022)
https://www.ecb.europa.eu/press/pr/stats/euro_money_market/html/ecb.emms221122~b30094d947.en.html
Some energy firms use derivatives to hedge risk. But price surges and other volatility in energy markets have led to large margin calls and liquidity issues.
What does this mean for financial stability? Find out in our Financial Stability Review https://www.ecb.europa.eu/pub/financial-stability/fsr/special/html/ecb.fsrart202211_01~173476301a.en.html?utm_source=twitter&utm_medium=social&utm_campaign=fsrnov2022_postpubenergy
We’ve done a good amount of monetary policy normalisation, Chief Economist Philip R. Lane tells @MNIMarketnews. We will continue to raise rates until we’ve reached a level that ensures inflation returns to our 2% target in a timely manner.
Interview https://www.ecb.europa.eu/press/inter/date/2022/html/ecb.in221121~d42a5937c4.en.html
Sharp energy price swings have sparked volatility in derivatives cleared by central counterparties. Banks have provided credit and liquidity lines to cover the resulting sizeable margin calls. The system has been resilient so far, but risks remain.
More https://www.bankingsupervision.europa.eu/press/publications/newsletter/2022/html/ssm.nl221117.en.html?utm_source=ecb_twitter&utm_medium=social&utm_campaign=221117_basu_newsletter_nov_2022&ut…
Future banking supervision will rely on artificial intelligence and other modern technologies. What “suptech” tools do supervisors need to drive innovation and the digital transformation? And how can we create a culture that fosters this potential?
On 1 October we started to decarbonise our corporate bond holdings. This is part of our action plan to do what we can in the fight against climate change, within our mandate.
Want to know more? Read our explainer https://www.ecb.europa.eu/ecb/educational/explainers/html/decarbonising_corporate_bond_holdings.en.html
Watch Executive Board member @Isabel_Schnabel explain how our research department helps us better understand how our policies influence our economic decisions and people’s lives.
RT @ECB_Research: Last week @ecb Executive Board member @isabel_schnabel visited the research department and heard about their work. We look forward to sharing it with you too!
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
