ECB - European Central Bank Press Releases - EIN Presswire

Published on November 29, 2024 - 08:49 GMT

Norway joins TIPS, adding Norwegian krone to Eurosystem’s instant payment service

29 November 2024 ECB and Norges Bank sign agreement for Norway to join TIPS Norwegian krone to become fourth currency available for instant payment settlement in TIPS The European Central Bank (ECB) and Norges Bank signed an agreement for Norway to join …

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Published on November 28, 2024 - 18:24 GMT

Philip R. Lane: The 25th anniversary of the Euro50 Group: looking ahead to the 50th anniversary

Paris, 28 November 2024 Let me start by congratulating the Euro50 Group on its 25th anniversary: since the start of the euro, the Euro50 Group has convened many important discussions about the development of the euro area as a monetary union and the euro …

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Published on November 28, 2024 - 18:13 GMT

Financial intermediation beyond banks: taking a macroprudential approach

28 November 2024 By François Haas, Cornelia Holthausen and Vasileios Madouros[1] The European Commission is seeking the views of stakeholders on policies to guard against the build-up of systemic risk in the financial sector beyond banks. This ECB Blog …

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Published on November 28, 2024 - 13:37 GMT

Monetary developments in the euro area: October 2024

28 November 2024 Components of the broad monetary aggregate M3 The annual growth rate of the broad monetary aggregate M3 increased to 3.4% in October 2024 from 3.2% in September, averaging 3.2% in the three months up to October. The components of M3 showed …

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Published on November 28, 2024 - 08:44 GMT

The macroeconomic effects of liquidity supply during financial crises

by Davide Porcellacchia and Kevin Sheedy[1] Negative economic shocks can cause waves of investor pessimism about the resilience of banks, which, in turn, generate additional adverse macroeconomic effects. This is commonly cited as an explanation for the …

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Published on November 28, 2024 - 08:43 GMT

Christine Lagarde: Interview with the Financial Times

28 November 2024 You said recently that the geopolitical landscape was fragmenting into rival blocs where attitudes towards free trade were being called into question. The US election accelerates this trend. Looking forward, what are your expectations, …

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Published on November 27, 2024 - 12:54 GMT

Isabel Schnabel: Interview with Bloomberg

27 November 2024 Euro area business activity slipped deep into contractionary territory in November, according to the S&P Purchasing Managers’ Index (PMI). Is a soft landing becoming less likely and is the risk of stagnation or even recession …

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Published on November 26, 2024 - 10:59 GMT

Luis de Guindos: Interview with Helsingin Sanomat

26 November 2024 What are the main risks to financial stability in the euro area, and how could those risks materialise? To assess the risks, we first need to look at the wider macroeconomic outlook. On the one hand, inflation is declining and will return …

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Published on November 25, 2024 - 20:25 GMT

Philip R. Lane: Monetary policy under uncertainty

Keynote speech by Philip R. Lane, Member of the Executive Board of the ECB, at the Bank of England Watchers’ Conference 2024, King’s College London London, 25 November 2024 Introduction My aim today is to explain how uncertainty is incorporated in the …

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Published on November 25, 2024 - 10:35 GMT

Philip R. Lane: Interview with Les Echos

25 November 2024 The future President of the United States, Donald Trump, was elected on a highly protectionist programme. What does this mean for the global, and particularly the European, economy? Right now, the US economy is growing well. Productivity …

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Published on November 22, 2024 - 09:51 GMT

Christine Lagarde: Follow the money: channelling savings into investment and innovation in Europe

Speech by Christine Lagarde, President of the ECB, at the 34th European Banking Congress: "Out of the Comfort Zone: Europe and the New World Order" Frankfurt am Main, 22 November 2024 At last year’s conference, I spoke about Europe’s fragmented …

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Published on November 21, 2024 - 19:15 GMT

Frank Elderson: Securing stability in an insecure environment: navigating a bottleneck economy

Speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the University of Cyprus, Nicosia Nicosia, 21 November 2024 When the President of the ECB, Christine Lagarde, spoke at the Central …

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Published on November 21, 2024 - 08:59 GMT

Piero Cipollone: Building a solid cyber defence for the new geopolitical season

Introductory remarks by Piero Cipollone, Member of the Executive Board of the ECB, at the tenth meeting of the Euro Cyber Resilience Board for pan-European Financial Infrastructures Frankfurt am Main, 21 November 2024 As any good sports coach will tell you …

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Published on November 20, 2024 - 13:37 GMT

Communication for financial crisis prevention: a tale of two decades

Prepared by John Fell, Sándor Gardó, Benjamin Klaus, Jonas Wendelborn and Stefan Wredenborg[1] Published as part of the Financial Stability Review, November 2024. This edition of the ECB’s Financial Stability Review (FSR) marks the 20th anniversary of its …

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Published on November 20, 2024 - 13:37 GMT

Financial Stability Review, November 2024

Alongside geopolitical and policy uncertainty, global trade tensions are on the rise, increasing the risk of tail events. Financial markets have seen a resurgence of volatility, enduring several notable spikes since the last edition of the Financial …

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Published on November 20, 2024 - 13:01 GMT

Euro area financial stability vulnerabilities remain elevated in a volatile environment

20 November 2024 Economic growth remains fragile, while concerns about global trade outlook add to geopolitical and policy uncertainty High valuations and risk concentration make markets more susceptible to sudden corrections Policy uncertainty, weak …

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Published on November 19, 2024 - 12:39 GMT

Frank Elderson: Taking account of nature, naturally

Speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the tenth Green Finance Forum “Innovate in Nature” Frankfurt am Main, 19 November 2024 Thank you for inviting me to speak at the …

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Published on November 19, 2024 - 12:39 GMT

Transition risk losses alone unlikely to threaten EU financial stability, “Fit-For-55” climate stress test shows

19 November 2024 The European Supervisory Authorities (EBA, EIOPA, and ESMA – the ESAs) together with the European Central Bank (ECB), today released the results of the one-off “Fit-For-55” climate scenario analysis. Under the scenarios examined, …

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Published on November 19, 2024 - 12:33 GMT

Euro area monthly balance of payments: September 2024

19 November 2024 Current account recorded €37 billion surplus in September 2024, up from €35 billion in previous month Current account surplus amounted to €425 billion (2.8% of euro area GDP) in the 12 months to September 2024, up from €182 billion (1.3%) …

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Published on November 19, 2024 - 12:26 GMT

Luis de Guindos: Can our financial system support the green transition when the going gets tough?

19 November 2024 By Luis de Guindos Meeting the EU’s climate neutrality targets calls for deep structural changes and significant private funding, requiring a healthy financial system. That’s why we’ve tested how resilient banks, investment funds and …

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