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
Watch again: President @Lagarde on our fight against inflation
Transcript with Q&A of yesterday’s monetary policy press conference https://www.ecb.europa.eu/press/pressconf/2023/html/ecb.is230727~e0a11feb2e.en.html
Results of the ECB Survey of Professional Forecasters for the third quarter of 2023 https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230728~7b55f6ebd0.en.html
The #EconomicBulletin reviews findings from our recent exchanges with non-financial companies.
Price growth continued to slow in recent months, with activity falling in construction and other sectors, but consumer spending was more resilient than expected https://www.ecb.europa.eu/pub/economic-bulletin/focus/2023/html/ecb.ebbox202305_03~065b8a781a.en.html
Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates) https://www.ecb.europa.eu/press/govcdec/otherdec/2023/html/ecb.gc230728~db3ef84858.en.html
Letter from the ECB President to several MEPs on monetary policy
https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter230728_Martusciello_DeMeo_Vuolo_Comi_Mussolini_Dorfmann_Salini_Peppucci_Patriciello_Adinolfi_Chinnici~c492489ca9.en.pdf (EN)
https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter230728_Martusciello_DeMeo_Vuolo_Comi_Mussolini_Dorfmann_Salini_Peppucci_Patriciello_Adinolfi_Chinnici~c492489ca9.it.pdf (IT)
Letter from the ECB President to Mr Angelo Ciocca, MEP, on monetary policy
https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter230728_Ciocca~bc7b2a010b.en.pdf (EN)
https://www.ecb.europa.eu/pub/pdf/other/ecb.mepletter230728_Ciocca~bc7b2a010b.it.pdf (IT)
🧵Our 2023 stress test results show that the euro area banking system could withstand a severe economic downturn. Three years of severe economic stress would cut the CET1 capital ratio of ECB-supervised banks to 10.4%, a fall of 4.8 percentage points https://www.bankingsupervision.europa.eu/press/pr/date/2023/html/ssm.pr230728~a10851714c.en.html
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Re Our stress test results show that leveraged finance exposures are riskier in a downturn. Many banks need to improve their valuation of pipeline, modelling and data aggregation capabilities, and banks also need to pay close attention to how they manage interest rate risks.
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In February 2023 supervised banks held €73 billion of net unrealised losses in bond portfolios, an overall contained amount. Nevertheless, we are asking banks to devote due attention to interest rate risk strategies.
Read more https://www.bankingsupervision.europa.eu/press/pr/date/2023/html/ssm.pr230728_1~4d466b8b80.en.html
ECB interest rates could be raised or there could be a pause, President Christine @Lagarde tells Le Figaro. A pause, in September or later, would not necessarily be definitive. In this uncertain environment we will assess the situation meeting by meeting https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230730~0503905cab.en.html
Il y aura peut-être une nouvelle hausse de taux ou une pause, dit Christine @Lagarde au Figaro. Une pause, en septembre ou plus tard, ne serait pas nécessairement définitive. Dans un climat incertain, nous réexaminerons la situation à chaque réunion https://www.ecb.europa.eu/press/inter/date/2023/html/ecb.in230730~0503905cab.fr.html
The lessons we draw from recent banking crises are that supervision has to be able to intervene early and effectively, and that banks have to strengthen their internal controls, Supervisory Board Chair Andrea Enria tells @MilanoFinanza. Read more https://www.bankingsupervision.europa.eu/press/interviews/date/2023/html/ssm.in230722~111bdb656b.en.html https://t.co/e1xZLjSodl
How did euro area current account balance evolve in May? How does it compare with the same month a year earlier? Find out more in the press release https://www.ecb.europa.eu/press/pr/stats/bop/2023/html/ecb.bp230720~96d68890f0.en.html https://t.co/AOcL4ro9Vq
Effective management bodies are the bedrock of well-run banks, and well-run banks are the bedrock of a stable banking system, writes Supervisory Board Vice-Chair Frank Elderson. That means safer banks, which is our mission as European banking supervisor https://www.bankingsupervision.europa.eu/press/blog/2023/html/ssm.blog230720~cf8bc7c8d7.en.html https://t.co/C7yVWLAgW3
How does the recent short-lived turmoil in the banking sector differ from the 2008 financial crisis? Better risk management.
Yesterday we met with civil society organisations to discuss how banking supervision is evolving.
Watch the seminar https://www.youtube.com/watch?v=d6MfWiHfua8 https://t.co/XvoXFgDeEW
We hosted the 9th ECB conference on central, eastern and south-eastern Europe countries yesterday in Frankfurt. The discussion focused on economic policy challenges in view of changing geopolitical landscape.
Watch the conference https://www.youtube.com/watch?v=pQzcvSXlI0M https://t.co/Vott6qwTh8
RT Christine Lagarde
By leveraging our regional strength and further deepening our economic and political ties, I have no doubt that Europe and its central, eastern and south-eastern countries can flourish together.
Read my full speech https://www.ecb.europa.eu/press/key/date/2023/html/ecb.sp230717~a9e0adacb8.en.html https://t.co/BGveZAtCeY
🐦🔗: https://n.respublicae.eu/Lagarde/status/1680854343136731136
Today we donned our rainbow colours to celebrate #Pride and #ChristopherStreetDay!
ECB colleagues were among the thousands that walked through the streets of Frankfurt to celebrate the freedom to be whatever we want to be!
Our euro, our pride 🏳️🌈
#UnitedInDiversity https://t.co/kSijU6JX2S
Our investigation into a potential #DigitalEuro is nearly over. What ideas do we have about its design? How can we ensure it will be accessible to all?
This was at the heart of our latest discussion with the civil society organizations.
Watch here https://www.youtube.com/watch?v=gXD_7BDIn8Q https://t.co/6EVdFNR1JB
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
