Only a quarter of natural catastrophe losses in the EU are insured.
We’ve published a joint paper with @eiopa_europa_eu on how to reduce the economic impact of natural catastrophes in the EU, proposing an EU-level approach involving both the private and public sectors.
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https://nitter.privacydev.net/ecb/status/1869322167412002981#m
Chief Economist Philip R. Lane discusses the euro area outlook and monetary policy, explaining last week’s decision.
Read his speech https://www.ecb.europa.eu/press/key/date/2024/html/ecb.sp241218~c88acfb65f.en.html
Slides https://www.ecb.europa.eu/pub/pdf/annex/ecb.sp241218_annex.en.pdf
Chief Economist Philip R. Lane discusses the euro area outlook and monetary policy, explaining last week’s decision.
Read his speech ecb.europa.eu/press/key/date…
Slides e...
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https://nitter.privacydev.net/ecb/status/1869308819173740980#m
Coming up tomorrow at 10:00 CET: Chief Economist Philip R. Lane in conversation on monetary policy and the euro area economy at an MNI Webcast event.
Register here https://www.eventbrite.co.uk/e/mni-hosts-philip-lane-on-the-eurozone-economy-and-ecb-policy-tickets-1082072190049?aff=oddtdtcreator
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https://nitter.privacydev.net/ecb/status/1869067758023176193#m
Our supervisory priorities focus on banks’ resilience to macro-financial threats, geopolitical shocks and digitalisation, as well as on remediating shortcomings.
Key areas include credit risk, operational resilience, risk data aggregation and reporting and climate challenges.
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https://nitter.privacydev.net/ecb/status/1868963275511115801#m
The overall Common Equity Tier 1 capital requirements and guidance stand at 11.3% of risk-weighted assets.
We also issued qualitative measures for 95 banks, mainly to address shortcomings relating to credit risk, internal governance and capital adequacy.
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https://nitter.privacydev.net/ecb/status/1868963140190318875#m
The average overall SREP score in 2024 remained stable at 2.6.
Scores for 74% of banks were unchanged. 11% saw worse scores due to their exposure to the commercial real estate sector and interest rate risk, and 15% of banks scored higher, mainly due to increased profitability.
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https://nitter.privacydev.net/ecb/status/1868962481382555787#m
There were no major changes in banks’ scores for their annual health check – the Supervisory Review and Evaluation Process – or overall Pillar 2 requirements, says Supervisory Board Chair Claudia Buch.
Nevertheless, supervised banks must adapt to new and intensifying risks.
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https://nitter.privacydev.net/ecb/status/1868959756775280975#m
Watch live from 11:00 CET: Supervisory Board Chair Claudia Buch will present the results of banks’ annual health check for 2024 – the Supervisory Review and Evaluation Process – as well as the supervisory priorities for the next three years.
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https://nitter.privacydev.net/ecb/status/1868958062368735504#m
European banks have solid capital and liquidity positions and good profitability, results from the 2024 Supervisory Review and Evaluation Process show.
Our supervisory priorities will focus on resilience against macro-financial threats and geopolitical shocks and digitalisation.
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https://nitter.privacydev.net/ecb/status/1868952144906174542#m
Executive Board member @Isabel_Schnabel: Navigating towards neutral (slides) https://www.ecb.europa.eu/pub/pdf/annex/ecb.sp241216_1_annex.en.pdf?2afba4839bd0d2f237e90b0e9f526b3d
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https://nitter.privacydev.net/ecb/status/1868695908315250970#m
Monetary policy should proceed gradually and remain data-dependent, says Executive Board member @Isabel_Schnabel at #CEPRParis2024.
Once price stability is restored, central banks can be more tolerant of moderate deviations of inflation from target, in both directions.
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https://nitter.privacydev.net/ecb/status/1868695263403266070#m
Though overall inflation has come down a lot, domestic inflation remains stubbornly high, which is typical for monetary policy tightening cycles. To understand why, #TheECBBlog looks at how monetary policy is transmitted via wages, profits and productivity.
Though overall inflation has come down a lot, domestic inflation remains stubbornly high, which is typical for monetary policy tightening cycles. To understand why, #TheECBBlog looks at how monetary policy ...
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https://nitter.privacydev.net/ecb/status/1868601482381279545#m
We have seen important changes to the path of inflation, the shocks driving inflation and the risks to inflation, says President Christine @Lagarde in a speech in Vilnius.
That is why we have changed our monetary policy stance and future orientation.
We have seen important changes to the path of inflation, the shocks driving inflation and the risks to inflation, says President Christine @Lagarde in a speech in Vilnius.
That is why we have changed our monetar...
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https://nitter.privacydev.net/ecb/status/1868571287679037711#m
Less significant institutions benefited from increased interest rates, which helped improve their profitability and capital levels.
But issues like pressure to modernise business models, higher funding costs and worsening credit quality persist.
Less significant institutions benefited from increased interest rates, which helped improve their profitability and capital levels.
But issues like pressure to modernise business models, higher funding costs and wo...
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https://nitter.privacydev.net/ecb/status/1867510888020029889#m
Transcript with Q&A of yesterday’s monetary policy press conference https://europa.eu/!j7CVdp
Transcript with Q&A of yesterday’s monetary policy press conference europa.eu/!j7CVdp
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https://nitter.privacydev.net/ecb/status/1867486875931340909#m
At today's press conference, the ECB's Governing Council decided to cut interest rates by 0.25 percentage points.
The disinflation process is well on track, stated President @Lagarde.
Watch the press conference https://www.ecb.europa.eu/press/press_conference/html/index.en.html
At today's press conference, the ECB's Governing Council decided to cut interest rates by 0.25 percentage points.
The disinflation process is well on track, stated President @Lagar...
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https://nitter.privacydev.net/ecb/status/1867259461234037003#m
Inflation is approaching our 2% medium-term target, said President Christine @Lagarde at today’s press conference, after the Governing Council decided to cut our interest rates by 0.25 percentage points.
Watch the press conference https://youtu.be/lSnQnCDG2kM?t=27
Inflation is approaching our 2% medium-term target, said President Christine @Lagarde at today’s press conference, after the Governing Council decided to cut our interest rates by 0.25 percentage po...
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https://nitter.privacydev.net/ecb/status/1867243070544388365#m
We’ve just taken our latest monetary policy decisions, determining what’s needed to return inflation to our 2% goal in a timely manner.
Tune in to #TheECBPodcast to hear President Christine @Lagarde present the decisions in our press conference.
We’ve just taken our latest monetary policy decisions, determining what’s needed to return inflation to our 2% goal in a timely manner.
Tune in to #TheECBPodcast to hear President Christine @Lagarde present the decis...
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https://nitter.privacydev.net/ecb/status/1867230658894147737#m
Today we cut our key interest rate by 0.25 percentage points.
Inflation is coming close to our 2% target and the economy is weakening.
Today we cut our key interest rate by 0.25 percentage points.
Inflation is coming close to our 2% target and the economy is weakening.
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https://nitter.privacydev.net/ecb/status/1867219377361428930#m
President @Lagarde has just presented the Governing Council’s monetary policy statement.
Read the statement https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2024/html/ecb.is241212~ce143b3bc8.en.html
President @Lagarde has just presented the Governing Council’s monetary policy statement.
Read the statement ecb.europa.eu/press/press_co…
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https://nitter.privacydev.net/ecb/status/1867210795765178663#m
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.