ECB - European Central Bank Press Releases

• Published on June 7, 2024 - 11:44 GMT

  

  Isabel Schnabel: Is monetary policy dominated by fiscal policy?

  Frankfurt, 7 June 2024 In the past four years, the euro area has faced several severe shocks that caused a fundamental shift in the macroeconomic environment. The long period of very low inflation and low interest rates ended abruptly with the pandemic and …

  Distribution channels: Banking, Finance & Investment Industry
• Published on June 6, 2024 - 21:20 GMT

  

  Christine Lagarde, Luis de Guindos: Monetary policy statement (with Q&A)

  Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB Frankfurt am Main, 6 June 2024 Jump to the transcript of the questions and answersGood afternoon, the Vice-President and I welcome you to our press conference. The …

  Distribution channels: Banking, Finance & Investment Industry
• Published on June 6, 2024 - 15:13 GMT

  

  Eurosystem staff macroeconomic projections for the euro area, June 2024

  The euro area economy recovered at the start of 2024 by more than expected in the March 2024 ECB staff projections, with a boost from net trade and rising household spending. Incoming information suggests continued growth in the short run, at a higher pace …

  Distribution channels: Banking, Finance & Investment Industry
• Published on June 5, 2024 - 19:15 GMT

  

  ECB appoints three new Supervisory Board members

  5 June 2024 Sharon Donnery, Pedro Machado, and Patrick Montagner to be new ECB representatives on Supervisory Board They will succeed current ECB representatives Edouard Fernandez-Bollo, Kerstin af Jochnick and Elizabeth McCaul The Governing Council of the …

  Distribution channels: Banking, Finance & Investment Industry
• Published on June 5, 2024 - 08:43 GMT

  

  Euro area bank interest rate statistics: April 2024

  5 June 2024 Bank interest rates for corporations Chart 1 Bank interest rates on new loans to, and deposits from, euro area corporations (percentages per annum) Data for cost of borrowing and deposit interest rates for corporations (Chart 1)The composite …

  Distribution channels: Banking, Finance & Investment Industry
• Published on May 29, 2024 - 11:27 GMT

  

  Monetary developments in the euro area: April 2024

  29 May 2024 Components of the broad monetary aggregate M3 The annual growth rate of the broad monetary aggregate M3 increased to 1.3% in April 2024 from 0.9% in March, averaging 0.8% in the three months up to April. The components of M3 showed the …

  Distribution channels: Banking, Finance & Investment Industry
• Published on May 28, 2024 - 11:02 GMT

  

  ECB Consumer Expectations Survey results – April 2024

  28 May 2024 Compared with March 2024: median consumer inflation perceptions over the previous 12 months were unchanged, while median inflation expectations for the next 12 months and for three years ahead both edged down; expectations for nominal income …

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• Published on May 28, 2024 - 06:13 GMT

  

  Isabel Schnabel: The benefits and costs of asset purchases

  Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the 2024 BOJ-IMES Conference on “Price Dynamics and Monetary Policy Challenges: Lessons Learned and Going Forward” Tokyo, 28 May 2024 Since the global financial crisis in 2008, many …

  Distribution channels: Banking, Finance & Investment Industry
• Published on May 27, 2024 - 15:46 GMT

  

  Philip R. Lane: Inflation in the euro area

  Speech by Philip R. Lane, Member of the Executive Board of the ECB, at the Institute of International and European Affairs, Dublin Dublin, 27 May 2024 Introduction The aim of this speech is to examine inflation in the euro area. In the next section, I …

  Distribution channels: Banking, Finance & Investment Industry
• Published on May 27, 2024 - 10:46 GMT

  

  Consumer risk-taking and stock market investment: Insights using the CES’s consumer finance module

  by Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli and Geoff Kenny[1] Investing in the stock market is seen to have numerous potential benefits for households, including: possible higher returns on investment; lower risk through more …

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• Published on May 27, 2024 - 05:47 GMT

  

  Philip R. Lane: Interview with Financial Times

  27 May 2024 Let’s start with the latest euro area wage data, which showed collective wage growth accelerating in the first quarter. Is this a worry? At the ECB we have developed a forward-looking wage tracker, which has anticipated the first-quarter number …

  Distribution channels: Banking, Finance & Investment Industry
• Published on May 26, 2024 - 10:31 GMT

  

  Piero Cipollone: Europe’s tragedy of the horizon: the green transition and the role of the ECB

  Speech by Piero Cipollone, Member of the Executive Board of the ECB, at the Festival dell’ Economia di Trento Trento, 26 May 2024 It is a great pleasure to be here. As we meet today, we find ourselves at a critical juncture. Faced with the severe negative …

  Distribution channels: Banking, Finance & Investment Industry
• Published on May 24, 2024 - 09:27 GMT

  

  Isabel Schnabel: Interview with ARD Plusminus und tagesschau.de

  24 May 2024 On 6 June the Governing Council of the European Central Bank (ECB) will next decide on the level of interest rates. Will it be the beginning of a rate turnaround? Every decision is made on the day of the Governing Council meeting on the basis …

  Distribution channels: Banking, Finance & Investment Industry
• Published on May 23, 2024 - 12:47 GMT

  

  Tracking euro area wages in exceptional times

  23 May 2024 By Sarah Holton and Gerrit Koester[1] Negotiated wage growth in the euro area increased in the first quarter of 2024. This post on The ECB Blog illustrates how the ECB wage tracker can help to put latest developments in negotiated wage growth …

  Distribution channels: Banking, Finance & Investment Industry
• Published on May 23, 2024 - 07:49 GMT

  

  Luis de Guindos: Interview with Oberösterreichische Nachrichten

  23 May 2024 The next meeting of the ECB’s Governing Council is on 6 June. A reduction in interest rates is expected, as announced by some Governing Council members. So is the cut in rates a certainty? By 0.25 or 0.50 percentage points? We have been very …

  Distribution channels: Banking, Finance & Investment Industry
• Published on May 22, 2024 - 11:30 GMT

  

  The ABCs of the ECB’s reaction function

  22 May 2024 By Christophe Kamps[1] Why do central banks mostly give their guidance for future monetary policy in qualitative terms rather than providing a numerical formula? The ECB Blog takes a look through the lens of the “ABCs” of the ECB’s qualitative …

  Distribution channels: Banking, Finance & Investment Industry
• Published on May 21, 2024 - 10:22 GMT

  

  Euro area monthly balance of payments: March 2024

  21 May 2024 Current account recorded €36 billion surplus in March 2024, up from €29 billion in previous month Current account surplus amounted to €310 billion (2.1% of euro area GDP) in the 12 months to March 2024, after a €76 billion deficit (0.6% of euro …

  Distribution channels: Banking, Finance & Investment Industry
• Published on May 17, 2024 - 13:13 GMT

  

  TARGET2-Securities Annual Report 2023

  Financial market infrastructures (FMIs) are the backbone of the financial system. They provide the networks through which financial institutions and financial markets connect with each other and through which financial transactions are cleared and settled. …

  Distribution channels: Banking, Finance & Investment Industry
• Published on May 17, 2024 - 08:06 GMT

  

  Isabel Schnabel: Interview with Nikkei

  17 May 2024 The market sees a rate cut in June for sure. How fast should things move beyond June? Depending on the incoming data and our new Eurosystem staff projections, a rate cut in June may be appropriate. But the path beyond June is much more …

  Distribution channels: Banking, Finance & Investment Industry
• Published on May 16, 2024 - 11:45 GMT

  

  Financial Stability Review, May 2024

  We would like to hear from readers of the Financial Stability Review. Your feedback will help shape the future of the publication. Financial stability conditions have improved since the last edition of the Financial Stability Review was published. The near …

  Distribution channels: Banking, Finance & Investment Industry