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
Banking sector stress in the United States and Switzerland has greatly affected financial markets.
Tensions are likely to continue, with heightened bond market volatility on both sides of the Atlantic
2/5
🧵The financial stability outlook remains fragile, with tighter financing conditions testing the resilience of people, firms, property markets and governments.
Read more about how the financial system is faring in our Financial Stability Review https://www.ecb.europa.eu/pub/financial-stability/fsr/html/index.en.html
1/5
How did euro area bank lending and money supply evolve in April? How do they compare with March’s figures? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/md/html/ecb.md2304~e08274ebea.en.html
Market liquidity and funding liquidity are inherently connected, and related liquidity spirals can entail systemic risk.
A special feature explores how the two types of liquidity interact in the euro area https://www.ecb.europa.eu/pub/financial-stability/fsr/special/html/ecb.fsrart202305_01~830184261b.en.html
Euro area banks are exposed to liquidity, market and credit risk through linkages to non-bank financial institutions. This mainly concerns a few systemically important banks, whose strong capital and liquidity buffers can help ease spillover risks https://www.ecb.europa.eu/pub/financial-stability/fsr/special/html/ecb.fsrart202305_02~1ff06bc324.en.html
The 1970s high inflation period holds valuable lessons, says Executive Board member @Isabel_Schnabel on the podcast #ErklärMirDieWelt. Today central banks are more independent, have clearer mandates & focus more on inflation expectations.
Listen in German https://xn--erklrmir-3za.at/2023/05/30/258-erklaer-mir-inflation-isabel-schnabel/
Chief Economist Philip R. Lane discussed the economic outlook and inflation in an interview with Nova TV. He also spoke about how the euro benefits the Croatian economy.
Watch the interview https://dnevnik.hr/vijesti/hrvatska/razgovor-s-glavnim-ekonomistom-europske-centralne-banke-philipom-laneom---783955.html
Inflation has been too high for too long. People are worried about how rising prices are affecting their livelihoods and jobs.
That’s why we met with civil society representatives to discuss what is driving inflation and what we’re doing to tame it https://www.youtube.com/watch?v=c8WABRzOmZk&ab_channel=EuropeanCentralBank
RT @FrankElderson: I joined colleagues for a walk in the @ecb garden, home to numerous species of insects, animals, plants and trees.
Biodiversity affects us all – we need to protect nature and raise awareness about the risks it is facing, and the risks to the financial sector as a consequence. https://t.co/gYi7SPQHoB
How can banks best quantify new, unknown risks like supply chain risks and judge how much capital to set aside for them?
Supervisory Board member Elizabeth McCaul and head of horizontal supervision Stefan Walter discuss IFRS 9 provisioning frameworks https://www.bankingsupervision.europa.eu/press/blog/2023/html/ssm.blog230526~29af0452d6.en.html
Chief Economist Philip R. Lane: How Quickly Will Inflation Return to Target? (slides)
http://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230526~c1c4b53ee8.en.pdf?d3215c4c4b2e779c90de1cda3f2d2d38
RT @FrankElderson: Yesterday we marked the 25th anniversary of the @ecb. Fostering European integration has always been at the heart of my work. The euro is vital to this historic endeavour, offering Europeans stability, sovereignty and solidarity.
Looking forward to the years to come! https://t.co/Tyta0mOsfJ
As part of our accountability obligation, we have just published our latest feedback statement in which we respond to the issues and questions raised by the European Parliament in its resolution on our 2021 Annual Report.
Read the statement https://www.ecb.europa.eu/pub/pdf/other/ecb.20230525_feedback_on_the_input_provided_by_the_european_parliament~92020517af.en.pdf
Find out about our activities and our assessment of the economy for the last year.
Read our 2022 Annual Report, available in 22 languages https://www.ecb.europa.eu/pub/annual/html/index.en.html
De Guindos: Implementing the final elements of Basel III faithfully and without delay is crucial. The lack of a European deposit insurance scheme is a source of vulnerability. Completing the banking union is essential to pave the way for a stronger and more prosperous Europe
4/4
De Guindos: Spillovers from recent banking stress in other regions were mitigated by solid euro area bank fundamentals. We must attune our regulatory framework to the times and strengthen the regulation of non-banks to avoid the risk of blind spots in the financial system.
3/4
The inflation outlook continues to be too high for too long. In this highly uncertain environment, our decisions will be data-dependent to determine the appropriate level and duration of restrictive policy to achieve a timely return of inflation to our 2% target.
2/4
During this period of high uncertainty, we must ensure closer European integration and a solid regulatory framework, says Vice-President Luis de Guindos as he presents our 2022 Annual Report to the @europarl_en.
Read the speech https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230525~17a96d98fc.en.html
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Live now: Vice-President Luis de Guindos presents our 2022 Annual Report to the European Parliament’s Economic and Monetary Affairs Committee https://multimedia.europarl.europa.eu/en/webstreaming/committee-on-economic-and-monetary-affairs_20230525-0900-COMMITTEE-ECON
Watch live from 11:00 CET: Vice-President Luis de Guindos presents our 2022 Annual Report to the European Parliament’s Economic and Monetary Affairs Committee https://multimedia.europarl.europa.eu/en/webstreaming/committee-on-economic-and-monetary-affairs_20230525-0900-COMMITTEE-ECON
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
