ECB - European Central Bank Press Releases - EIN Presswire

Published on February 20, 2024 - 00:00 GMT

The unequal impact of the 2021-22 inflation surge on euro area households

by Filippo Pallotti, Gonzalo Paz-Pardo, Jiri Slacalek, Oreste Tristani and Giovanni L. Violante[1] The 2021-22 surprise inflation surge had a major impact on households in the euro area. It reduced the real incomes and net wealth of most households as …

Distribution channels: Banking, Finance & Investment Industry

Published on February 20, 2024 - 00:00 GMT

Euro area monthly balance of payments: December 2023

20 February 2024 Current account recorded €32 billion surplus in December 2023, up from €22 billion in previous month Current account surplus amounted to €260 billion (1.8% of euro area GDP) in 2023, after a €82 billion deficit (0.6% of euro area GDP) in …

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Published on February 19, 2024 - 00:00 GMT

Piero Cipollone: Digital euro: Debunking banks’ fears about losing deposits

19 February 2024 By Ulrich Bindseil, Piero Cipollone and Jürgen Schaaf Many banks worry their customers might withdraw deposits to hold digital euro instead. These fears are misplaced: a digital euro will be designed as a means of payment and not for …

Distribution channels: Banking, Finance & Investment Industry

Published on February 13, 2024 - 00:00 GMT

Isabel Schnabel: The dynamics of PEPP reinvestments

13 February 2024 By Imène Rahmouni-Rousseau and Isabel Schnabel[1] When reading data on reinvestments under the pandemic emergency purchase programme (PEPP) one needs to understand how we implement purchases. Director General Market Operations Imène …

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Published on February 8, 2024 - 00:00 GMT

Added Scope: Eurosystem accepts a fifth rating agency

8 February 2024 By Diana Gomes and Anamaria Piloiu The Eurosystem has accepted Scope as a new rating agency alongside Fitch, Moody's, S&P and DBRS. This has a number of implications, including a wider range of credit opinions and expertise being …

Distribution channels: Banking, Finance & Investment Industry

Published on February 1, 2024 - 00:00 GMT

Euro area bank interest rate statistics: December 2023

1 February 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 …

Distribution channels: Banking, Finance & Investment Industry

Published on January 31, 2024 - 00:00 GMT

Payments statistics: first half of 2023

31 January 2024 The European Central Bank (ECB) today published the statistics on non-cash payments for the first half of 2023.[2] The statistics comprise indicators on access to and use of payment services, payment cards and terminals by the public, as …

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Published on January 29, 2024 - 00:00 GMT

Quantifying financial stability risks for monetary policy

by Sulkhan Chavleishvili, Manfred Kremer and Frederik Lund-Thomsen[1] When inflationary pressures started intensifying in 2022, the world’s major central banks faced a dilemma. They could rapidly tighten monetary policy at the risk of fuelling financial …

Distribution channels: Banking, Finance & Investment Industry

Published on January 29, 2024 - 00:00 GMT

Piero Cipollone, Philip R. Lane, Isabel Schnabel: Learning from crises: our new framework for euro liquidity lines

29 January 2024 By Piero Cipollone, Philip Lane and Isabel Schnabel The ECB can lend euro to non-euro area central banks to reduce the risk of financial stress spilling over to the euro area. Piero Cipollone, Philip Lane and Isabel Schnabel explain how we …

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Published on January 26, 2024 - 00:00 GMT

Monetary developments in the euro area: December 2023

26 January 2024 Components of the broad monetary aggregate M3 The annual growth rate of the broad monetary aggregate M3 increased to 0.1% in December 2023 from -0.9% in November, averaging -0.6% in the three months up to December. The components of M3 …

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Published on January 26, 2024 - 00:00 GMT

Euro area economic and financial developments by institutional sector: third quarter of 2023

26 January 2024 Euro area net saving increased to €734 billion in four quarters to third quarter of 2023, compared with €685 billion one quarter earlier Household debt-to-income ratio decreased to 88.1% in third quarter of 2023 from 94.3% one year earlier …

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Published on January 18, 2024 - 00:00 GMT

Meeting of 13-14 December 2023

Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 13-14 December 2023 18 January 2024 1. Review of financial, economic and monetary developments and policy …

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Published on January 10, 2024 - 00:00 GMT

Inflation in the eastern euro area: reasons and risks

10 January 2024 By Matteo Falagiarda Within the euro area, countries in central and eastern Europe have recently experienced the highest inflation rates. But why, exactly? The ECB Blog looks at the reasons for these higher prices and highlights the …

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Published on December 30, 2023 - 00:00 GMT

Christine Lagarde: Euro at 25: the value of unity in a changing world

30 December 2023 By Paschal Donohoe (President of the Eurogroup), Christine Lagarde (President of the European Central Bank), Roberta Metsola (President of the European Parliament), Charles Michel (President of the European Council) and Ursula von der …

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Published on December 19, 2023 - 00:00 GMT

Hawkish or dovish central bankers: do different flocks matter for fiscal shocks?

by Lukas Hack, Klodiana Istrefi and Matthias Meier[1] This column presents evidence on the role that US monetary policy plays in how fiscal spending affects the economy. A dovish Federal Open Market Committee (FOMC) delays policy rate increases, while a …

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Published on December 18, 2023 - 00:00 GMT

The price of inaction: what a hotter climate means for monetary policy

18 December 2023 By Friderike Kuik, Christiane Nickel, Miles Parker and Wolfgang Modery This is the sixth post in our series accompanying COP28. The ECB’s primary mandate is to maintain price stability. So why do we talk so much about climate change? In …

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Published on December 12, 2023 - 00:00 GMT

Climate risks, the macroprudential view

12 December 2023 By Ludivine Berret, Jean Boissinot, Marianna Caccavaio, Michael Grill, Paul Hiebert and Fabio Tamburrini This is the fifth post in our series accompanying COP28. Climate change can endanger financial stability. The ECB Blog looks at how a …

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Published on December 6, 2023 - 00:00 GMT

Green lending: do banks walk the talk?

6 December 2023 By Mariassunta Giannetti, Martina Jasova, Maria Loumioti, Caterina Mendicino This is the fourth post in our series accompanying COP28. Banks are talking more about the environment. But does such talk go hand in hand with greener lending? …

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Published on December 4, 2023 - 00:00 GMT

Climate scenarios: procrastination comes at high cost

4 December 2023 By Senne Aerts, Martina Spaggiari and Livio Stracca This post is the third in our series accompanying COP28. Policy makers around the world need to move faster to reach net zero emissions by 2050. Latest scenarios are alarming as the …

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Published on November 28, 2023 - 00:00 GMT

Reports of AI ending human labour may be greatly exaggerated

by Stefania Albanesi, António Dias da Silva, Juan Francisco Jimeno, Ana Lamo and Alena Wabitsch[1] Recent advances in artificial intelligence (AI) have revived the debate about the impact of new technologies on jobs (e.g. Frey and Osborne, 2017; Susskind, …

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