Unit profit growth has contributed to domestic price pressures in the euro area. With surging input prices, the growth in unit profits is consistent with broadly unchanged mark-ups and gross profit margins seen in corporate accounts. #EconomicBulletin https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202304_03~705befadac.en.html https://t.co/oSYewnY3RL
RT Frank Elderson: Congratulations to @LksNord! And well done to all those who made it to the final round of our Young Economist Prize.
🐦🔗: https://n.respublicae.eu/FrankElderson/status/1674328918856269825
High energy prices and supply bottlenecks have led to strong inflation differentials between euro area countries. The #EconomicBulletin analyses how this has affected price competitiveness and external imbalances in the euro area https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202304_08~350974a969.en.html https://t.co/3vuTfl28RY
How are changes in energy markets affecting people’s lives? How can our
economies become more resilient to these shocks?
@NorgesBank Governor Ida Wolden Bache reflects on this with our host @KatieRanger_ on #TheECBPodcast from the #ECBForum.
Tune in https://pod.link/ecbpodcast/episode/633047824bf1f26a6565d5850eef9885 https://t.co/OsGPiPcaPm
RT Frank Elderson
What an eventful three days at the #ECBForum in beautiful Sintra, Portugal!
Thanks to all for the interesting discussions, and to @ecb colleagues for organising such a thought-provoking event.
ICYMI, watch the sessions here https://www.ecb.europa.eu/pub/conferences/html/20230626_ecb_forum_on_central_banking.en.html https://t.co/ZwxQuFONAn
🐦🔗: https://n.respublicae.eu/FrankElderson/status/1674354370387869696
We all stand to gain from strong and effective anti-money laundering supervision, says Supervisory Board member Elizabeth McCaul. Lawmakers must reach an agreement on a robust anti-money laundering authority and framework to protect everyone in the EU https://www.bankingsupervision.europa.eu/press/speeches/date/2023/html/ssm.sp230629_1~5a3879b449.en.html https://t.co/ofef0bnjuw
The winner of the 2023 #ECBForum Young Economist Prize is @LksNord!
Lukas’ research focuses on shopping, demand composition and equilibrium prices.
Congratulations to all the finalists on their achievements!
Read the finalists’ papers https://www.ecb.europa.eu/pub/conferences/ecbforum/YE_competition/html/index.en.html https://t.co/TUBLsOfdkc
🔵 Watch live: this year’s #ECBForum Young Economist Prize award ceremony https://n.respublicae.eu/i/broadcasts/1PlJQpPMvPYGE
🧵Implementing the final Basel III reforms will strengthen the regulatory framework for EU banks, says Supervisory Board Chair Andrea Enria. But we must remain vigilant about the pockets of risk left unaddressed due to deviations from Basel standards https://www.bankingsupervision.europa.eu/press/speeches/date/2023/html/ssm.sp230628~c1330e4bd6.en.html https://t.co/yDIoR6xDVf
Re Enria: We welcome the new rules in the revised Capital Requirements Directive, particularly the provisions on environmental, social and governance factors and harmonised fit and proper criteria. Only strong banks can sustainably lend to the economy, also in times of stress.
2/2
Watch live: the policy panel at the #ECBForum on Central Banking with:
President Christine @Lagarde
@Bankofengland Governor Andrew Bailey
Chair of the US @federalreserve Jerome Powell
@Bank_of_Japan_e Governor Kazuo Ueda
CNBC anchor @SaraEisen (moderator)
https://n.respublicae.eu/i/broadcasts/1RDxlaPynEVKL
🔵 Coming up: the #ECBForum policy panel with:
- President Christine @Lagarde
- @Bankofengland Governor Andrew Bailey
- Chair of the US @federalreserve Jerome Powell
- @Bank_of_Japan_e Governor Kazuo Ueda
- CNBC anchor @SaraEisen (moderator)
Follow live https://www.ecb.europa.eu/pub/conferences/html/20230626_ecb_forum_on_central_banking.en.html https://t.co/gXZpFTp1Ey
Watch live from 14:30 CET: Supervisory Board Chair Andrea Enria speaks before the @europarl_en Committee on Economic and Monetary Affairs and answers questions from its members https://multimedia.europarl.europa.eu/en/webstreaming/econ-committee-meeting_20230628-1430-COMMITTEE-ECON https://t.co/vFaZVZ8lTN
How did euro area bank lending and money supply evolve in May? How do they compare with April’s figures? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/md/html/ecb.md2305~922f10ffad.en.html https://t.co/lYD2m1yWVe
🔵 Watch live: the #ECBForum continues with a session on the optimal mix of fiscal and monetary policy in the context of high inflation with:
- Luis de Guindos
- Pierre-Olivier Gourinchas @pogourinchas
- Giancarlo Corsetti
Follow live https://www.ecb.europa.eu/pub/conferences/html/20230626_ecb_forum_on_central_banking.en.html https://t.co/u5hf2DTf2W
🔵 Watch live: the #ECBForum continues with a panel on the lessons learned from recent experiences in macroeconomic forecasting with:
- Philip R. Lane
- Alfred Kammer
- @C_Lombardelli
- Huw Pill
- Chiara Scotti
Follow live https://www.ecb.europa.eu/pub/conferences/html/20230626_ecb_forum_on_central_banking.en.html https://t.co/azx7h50o9K
Coming up today at the #ECBForum:
- Monetary policy normalisation
- Fiscal and monetary policy mix in a high-inflation context
- Lessons learned in macroeconomic forecasting
-Our policy panel
- President @Lagarde’s closing remarks
Check out the programme https://www.ecb.europa.eu/pub/conferences/html/20230626_ecb_forum_on_central_banking.en.html https://t.co/epxc69bDsL
Re Panetta: The digital euro would offer a digital payment solution that is available to everyone, everywhere, for free.
It would act as a springboard for the development of new pan-European payment and financial services
2/3
Re Panetta: Protecting privacy is a vital feature of the digital euro. The ECB would not see users’ personal details or their payment patterns.
The offline functionality would also bring a higher degree of data privacy than any other digital payment methods currently available
3/3
🔵 Follow live from 9:00 Portuguese time/10:00 CET as the final day of the #ECBForum on Central Banking starts with a session on monetary policy normalisation with:
- Luis de Guindos
- Annette Vissing-Jørgensen
- Jordi Galí
Follow live https://www.ecb.europa.eu/pub/conferences/html/20230626_ecb_forum_on_central_banking.en.html https://t.co/rsEOIHxeLN
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