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
@fwred 🇪🇺@Isabel_Schnabel: Please see my answer to the question from
@JanBerka8⬇️ #AskECB
RT @ecb: 🇪🇺@Isabel_Schnabel: The transmission lags of our current policy measures are highly uncertain. Therefore, we are closely monitoring the degree to which our measures are becoming restrictive based on incoming data. #AskECB
🇪🇺@Isabel_Schnabel: We cannot yet claim victory in taming inflation. That’s why we need to stay the course and raise rates significantly further. Whether another 50 basis point hike is needed will depend on incoming data and our assessment of the inflation outlook. #AskECB
RT @edamscheeser: @Isabel_Schnabel would you say 50 is off the table for May?
@pietphc 🇪🇺@Isabel_Schnabel: Please see my answer to the question from @xadarcy⬇️ /retweets/with_comments #AskECB
🇪🇺@Isabel_Schnabel: Real interest rates at all tenors have increased measurably in recent months, reflecting to a considerable extent the ongoing tightening of monetary policy. Persistently higher real rates are required to restore price stability. #AskECB
RT @peelpeelorange: @Isabel_Schnabel I got only 1 question:
When rates above core inflation?
😊
🇪🇺@Isabel_Schnabel: Tighter credit conditions are a first indication that monetary policy is becoming effective. But they also reflect banks’ risk perceptions that may change if the economy improves. Slower loan growth is an essential part of the transmission mechanism. #AskECB
RT @FGoria: @ecb @Isabel_Schnabel The latest BLS showed that credit conditions are worsening. Do you expect a credit crunch in the near term?
🇪🇺@Isabel_Schnabel: Tighter financing conditions dampen economic demand and thereby economic activity. This does not necessarily lead to a recession. A soft landing is possible but not guaranteed. #AskECB
RT @negocios_tv: @ecb @Isabel_Schnabel #askECB De Guindos said yesterday that he believes conditions are improving, and the eurozone could avoid recession. Is it possible to continue tightening in order to avoid a second round of inflation and avoid an economic r…
🇪🇺@Isabel_Schnabel: The rate path rests on the market’s view that inflation returns to our target quickly. Our decisions will be based on incoming data. We need to see robust evidence that underlying inflation is returning to our target in a timely and durable manner. #AskECB
RT @xadarcy: @ecb @Isabel_Schnabel Do you think that the current path for ECB rate hikes priced in by markets is enough to return inflation to 2% in a timely manner? #AskECB
🇪🇺@Isabel_Schnabel: These are two very different things: a central bank digital currency is digital money issued directly by a central bank for people. SWIFT is a private service provider for financial transactions and payments between banks worldwide. #AskECB
RT @MagnumBTC: @ecb @Isabel_Schnabel #AskECB what are the differences between swift and a CBDC?
🇪🇺@Isabel_Schnabel: Further efforts are needed to make our operations Paris aligned. In a recent speech, I laid out three areas of action: corporate bond holdings, public sector bond holdings and lending operations including collateral. See here:
https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230110~21c89bef1b.en.html #AskECB
RT @ecileri: Hi @Isabel_Schnabel! The approach laid out by the @ecb for the greening of CSPP is close to the one used by the @Ban…
🇪🇺@Isabel_Schnabel: The euro is one of the most stable currencies in the world and enjoys a lot of trust. Fixed supply does not guarantee a stable value of assets. They can still exhibit sharp price fluctuations. #AskECB
RT @mira_hurley: @ecb @Isabel_Schnabel Honest question (and thanks for doing this):
Why would I as an individual, for the long term, prefer to hold a currency intended to lose 2% value a year over a currency with fixed supply? #AskECB
🇪🇺@Isabel_Schnabel: In today’s uncertain environment marked by unprecedented shocks, many forecasts, including our own, have been off the mark. That’s why we always use all available data, including current inflation, to get a better picture of the inflation outlook. #AskECB
RT @libertarian968: @ecb @Isabel_Schnabel Given the dismal record of your inflation projections, why don‘t you use the current inflation rate as a proxy for future inflation rates? #AskECB.
🇪🇺@Isabel_Schnabel: The euro has established itself as a leading global currency and is the second most important currency in the international monetary system. Sorry to disappoint you, but the euro is here to stay. #AskECB
RT @TomasHancar: @ecb @Isabel_Schnabel #AskECB a second round of question - Even after the recent pretty decent bull trap rally, $EUR is still about 15% weaker relative to the $USD than at the (in)famous Draghi's "whatever it takes" moment. I o…
🇪🇺@Isabel_Schnabel: We take too high inflation as seriously as too low inflation. We are currently in the fastest rate hiking cycle in the ECB’s history. Our policy rates have gone up by 3 percentage points over the past seven months. And we still have ground to cover. #AskECB
RT @VeniVid62045424: @ecb @Isabel_Schnabel Why do you lower IMMEDIATELY rates to 0% when inflation is below 2% and you do not act at all when inflation is so much above target ?
🇪🇺@Isabel_Schnabel: Broad disinflation has not started in the euro area. We need to use all our tools to restore price stability and support sustainable growth. Otherwise we would see even sharper declines in real wages, and we may need to hike interest rates even more. #AskECB
RT @DYebra: #AskECB
Dear @Isabel_Schnabel: inflation-adjusted wages have fallen, mostly in Spain, mortages are at 2008 highs, economy is stopped...
Is the ECB turning an energy crisis into…
🇪🇺@Isabel_Schnabel: The transition needs to happen in those sectors that currently have the highest greenhouse gas emissions. Therefore, we have decided against an exclusion approach. We need to preserve incentives for transition. More here: https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230110~21c89bef1b.en.html
#AskECB
RT @JakubGogolewsk4: @ecb @Isabel_Schnabel #AskECB The Anthropocene Fixed Income
Institute assessment suggests that by selling bonds of…
🇪🇺@Isabel_Schnabel: We define our climate scores on the basis of three criteria:
1.Past emissions of the issuer (scope 1 & 2, partly scope 3)
2.Plans to reduce future emissions (validated by 3rd party)
3.Quality of climate disclosures
Read our FAQs https://www.ecb.europa.eu/mopo/implement/app/html/ecb.cspp_climate_change-faq.en.html #AskECB
RT @jeuasommenulle: @ecb @Isabel_Schnabel #AskECB
What are the best indicators of the "greeness" of bonds you will buy and in practice which indicator will you use and why ?
🇪🇺@Isabel_Schnabel: The launch of the new real-time gross settlement system and T2 is still scheduled for 20 March 2023. There have been no changes to what we announced in October. See the press release: https://www.ecb.europa.eu/press/pr/date/2022/html/ecb.pr221020~432ea01228.en.html #AskECB
RT @PantherKane: @ecb @Isabel_Schnabel Now #chips #ISO20022 has been delayed (again) till April 2024 will that have a bearing on #ecb “Big Bang” migration at the end of March 2023?
🇪🇺@Isabel_Schnabel: No. We just revised our monetary policy strategy in 2021. Current high inflation is not caused by flaws in our framework. Our next review is planned for 2025. For more on the strategy review: https://www.ecb.europa.eu/home/search/review/html/index.en.html #AskECB
RT @RalevVladimir: @Isabel_Schnabel #AskECB Is the ECB considering any reform to their process to meet the price stability objective in the aftermath of the current unprecedented inflation target slip?
🇪🇺@Isabel_Schnabel: No, I consider such an investment too risky. And as a high-level ECB official, I am not allowed to hold crypto-assets. Please see Art. 16.3 of our Code of Conduct regarding the rules on financial transactions: https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=OJ:JOC_2022_478_R_0003&from=EN #AskECB
RT @HODLneverSODL: @ecb @Isabel_Schnabel #AskECB Do you or your family members own any #Bitcoin @Isabel_Schnabel? And why?
@ReclaimFinance @Isabel_Schnabel 🇪🇺@Isabel_Schnabel: Please see my answer to the question from @stanjourdan⬇️ ?s=20&t=P-OX5EnMCB30-vbijTTqQw #AskECB
RT @ecb: 🇪🇺@Isabel_Schnabel: We need to counter high inflation by tightening monetary policy. At the moment, new lending operations, even if green, are not in line with our price stability mandate. Bringing inflation back to target is our best contribution to the green transition. #AskECB
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
