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
Housing investment in the euro area has been less affected by monetary policy tightening than in the United States, as mortgage markets are less leveraged and securitised.
#EconomicBulletin shows how monetary policy affects the housing investment outlook https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202303_01~97644cdc95.en.html
RT @FrankElderson: Excited to be on a panel at the #BeyondGrowth Conference today. We’ll discuss the usefulness of GDP indicators and how they could be improved.
Follow the discussion from 11:00 https://www.beyond-growth-2023.eu/lecture/focus-panel-18/
Strong governance is crucial to ensuring the sustainability of a bank’s business model, says Supervisory Board member Anneli Tuominen. Banks must have a culture of checks and balances at all levels and a well-defined organisational structure.
Inflation affects people differently depending on what they buy, earn and own. Our #EconomicBulletin shows that lower-income households suffer more from rising prices but labour market strength and fiscal support have eased some effects of high inflation https://www.ecb.europa.eu/pub/economic-bulletin/articles/2023/html/ecb.ebart202303_02~037515ed7d.en.html
Publication: Written overview ahead of the exchange of views of the Chair of the Supervisory Board of the ECB with the Eurogroup
https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.written_overview230515~6e6ffbb0aa.en.pdf
Leaving the EU Single Market and Customs Union has damaged the United Kingdom’s economy. Our latest #EconomicBulletin analyses how #Brexit has contributed to a fall in the UK labour supply and has dragged on the country’s trade.
Read the article https://www.ecb.europa.eu/pub/economic-bulletin/articles/2023/html/ecb.ebart202303_01~3af23c5f5a.en.html
Our monetary policy normalisation is expected to tighten financial conditions, slow growth and ultimately reduce inflation. But the impact is yet to fully materialise and depends on factors such as how people form inflation expectations.
#EconomicBulletin https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202303_06~b2bdff5cda.en.html
It's imperative we complete the banking union by equipping ourselves with the European deposit guarantee scheme, vice-President Luis de Guindos tells @sole24ore. Lacking such a scheme is the mair vulnerability for Europe's banking system.
Full interview https://www.ecb.europa.eu//press/inter/date/2023/html/ecb.in230514~b00faef29f.en.html
RT @FrankElderson: Climate disclosures are key to more informed decision-making and better climate risk management. We need to make the most of the information we have, improve our disclosures and drive the green transition forward.
I spoke about this in #TheECBPodcast https://pod.link/ecbpodcast/episode/9c814d631bcb5e97f4217fc279a43bcc https://t.co/59qwyBHs4m
How transparent do organisations need to be about climate risks, and why
does it matter? Where do banks stand on sharing this information?
#TheECBPodcast host @KatieRanger_ asks Executive Board member
and Supervisory Board Vice-Chair @FrankElderson https://pod.link/ecbpodcast/episode/9c814d631bcb5e97f4217fc279a43bcc
What do consumers in the euro area expect will happen to inflation, their incomes, their spending and the value of their homes 12 months from now? We’ve published the latest results of our Consumer Expectations Survey.
Press release https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230511~48da4da88a.en.html
RT @ECB_Research: We’re looking for prominent scholars to visit DG-Research @ecb for a period of 2-12 months next year. Apply now to the Wim Duisenberg Fellowship and work on your research, interact with our colleagues and gain insights into policymaking. https://www.ecb.europa.eu/pub/economic-research/programmes/duisenberg/html/index.en.html
RT @irlembberlin: On Europe Day, our group of visiting young Irish political representatives had the opportunity at the Embassy to meet Professor Philip R. Lane, Member of the ECB Executive Board, and discuss current economic issues. https://t.co/dGEp0ktKzR
We are determined to tame inflation and bring it back to our 2% medium-term target in a timely manner, President @Lagarde tells @Nikkei. We have already taken sizeable policy action to do so, but there is still more ground to cover. Read the full interview https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230510~8696fb873b.en.html
Speech by @Isabel_Schnabel (slides): Challenges for monetary policy at times of high inflation https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230509~b449bef8c9.en.pdf?67ab440b1d9361af1e630bec6ca5b130 (EN)
https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230509~b449bef8c9.de.pdf (DE)
RT @FrankElderson: Diversity is key to banks’ sound governance – a diverse board makes better business decisions.
At the @ecb, we need to ensure the banks we supervise are taking all the necessary steps to create optimum conditions for good decision-making.
#TheECBblog https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog.230509~5e2a550f74.en.html https://t.co/K3kKPb3yp5
Euro area bank boards still lack gender diversity, say Supervisory Board Vice-Chair @FrankElderson and Supervisory Board member Elizabeth McCaul in a post for #TheECBblog.
They explain why a better balance means better decisions.
Read more https://www.ecb.europa.eu/press/blog/date/2023/html/ecb.blog.230509~5e2a550f74.en.html
RT @DelorsBerlin: Join us for our event "Europe's Balancing Act: Taming inflation without a recession" with Alfred Kammer @IMFNews, Philip Lane @ecb, Barnabas Virag, Veronika Grimm & @LindnerJS, moderated by @jrandow.
🗓️9 May, 10-11:30 AM
📍In Berlin & online
Register: https://www.delorscentre.eu/en/events-at-the-jacques-delors-centre/detail/event/europes-balancing-act-taming-inflation-without-a-recession https://t.co/56qkEAGU3l
Watch live today from 10:00 CET: Chief Economist Philip R. Lane speaks in a panel discussion on Europe’s balancing act of taming inflation without a recession.
Register https://invtdu.to/_5v9v3
RT @FrankElderson: I see three gaps in the financial system that are holding back the green transition.
In my speech at the @EUISoU in Florence last week, I explained why we cannot ignore them in our work to deliver on price stability and safe banks.
Read the full speech https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230505~06e499fce7.en.html https://t.co/t8937CGOAJ
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
