ECB - European Central Bank Press Releases - EIN Presswire

Published on October 31, 2024 - 13:42 GMT

The performance of Eurosystem/ECB staff projections for economic growth since the COVID-19 pandemic

Prepared by Adrian Page Published as part of the ECB Economic Bulletin, Issue 7/2024. In the post-pandemic period, Eurosystem/ECB staff projections for growth have performed well over short horizons, despite the large shocks that have occurred. While the …

Distribution channels: Banking, Finance & Investment Industry

Published on October 31, 2024 - 13:42 GMT

The link between oil prices and the US dollar: evidence and economic implications

Prepared by Martino Ricci Published as part of the ECB Economic Bulletin, Issue 7/2024. In recent years rising oil prices have often coincided with a strengthening of the US dollar – which has potentially intensified inflation dynamics in the euro area. …

Distribution channels: Banking, Finance & Investment Industry

Published on October 31, 2024 - 13:42 GMT

The impact of special-purpose entities on euro area cross-border financial linkages

Prepared by Lorenz Emter, Fausto Pastoris, Carmen Picón Aguilar and Martin Schmitz Published as part of the ECB Economic Bulletin, Issue 7/2024. Newly released ECB data on special-purpose entities (SPEs) show that these have a considerable impact on euro …

Distribution channels: Banking, Finance & Investment Industry

Published on October 31, 2024 - 13:42 GMT

Decoding revisions in policy rate expectations: insights from the Survey of Monetary Analysts

Prepared by Yıldız Akkaya and Boryana Ilieva Published as part of the ECB Economic Bulletin, Issue 7/2024. During the rate-hiking cycle in 2022 and 2023, financial market participants and analysts made frequent and sizeable adjustments to their …

Distribution channels: Banking, Finance & Investment Industry

Published on October 31, 2024 - 13:42 GMT

Economic Bulletin Issue 7, 2024

Summary At its meeting on 17 October 2024, the Governing Council decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which the Governing Council steers the …

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Published on October 31, 2024 - 13:01 GMT

Euro area bank interest rate statistics: September 2024

31 October 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 October 31, 2024 - 08:22 GMT

Christine Lagarde: Interview with Le Monde

31 October 2024 In September, former ECB President Mario Draghi published an alarming report on how the European economy is falling behind. Do you agree with this assessment? Europe is falling behind. It’s true. And so is France. Mario Draghi’s report …

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Published on October 30, 2024 - 13:31 GMT

Geopolitical fragmentation in global and euro area greenfield foreign direct investment

Prepared by Lukas Boeckelmann, Lorenz Emter, Isabella Moder, Giacomo Pongetti and Tajda Spital This box reviews recent developments in global and euro area greenfield foreign direct investment (FDI) and analyses the role of geopolitics in shaping these. As …

Distribution channels: Banking, Finance & Investment Industry

Published on October 30, 2024 - 13:31 GMT

Euro area fiscal position in 2024

Prepared by Cristina Checherita-Westphal, Sebastian Hauptmeier, Nadine Leiner-Killinger and Philip Muggenthaler After years of fiscal support to mitigate the impact of the COVID-19 pandemic and the recent energy crisis, plans were made to improve the euro …

Distribution channels: Banking, Finance & Investment Industry

Published on October 30, 2024 - 07:39 GMT

Banks lose – someone gains: Households’ unequal exposure to financial distress

by Caterina Mendicino, Lukas Nord and Marcel Peruffo[1] Is the burden of distress in the banking sector shared equally among households, or is it distributed unevenly? This question has been on top of policymakers’ minds since the global financial crisis. …

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Published on October 29, 2024 - 13:05 GMT

The Survey on the Access to Finance of Enterprises: monetary policy, economic and financing conditions and inflation expectations

Prepared by Annalisa Ferrando, Sara Lamboglia, Judit Rariga, Nicola Benatti and Ioannis Gkrintzalis 1 Introduction The Survey on the Access to Finance of Enterprises (SAFE) provides a comprehensive overview of the economic and financing conditions of firms …

Distribution channels: Banking, Finance & Investment Industry

Published on October 29, 2024 - 13:05 GMT

What consumers think is the main driver of recent inflation: changes in perceptions over time

Prepared by Pedro Baptista, Colm Bates, Omiros Kouvavas, Pedro Neves and Katia Werkmeister Understanding how consumers perceive drivers of inflation is crucial for interpreting shifts in their inflation expectations, which can significantly influence real …

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Published on October 29, 2024 - 12:11 GMT

Euro area economic and financial developments by institutional sector: second quarter of 2024

29 October 2024 As of October 2024, ECB quarterly financial accounts provide more details on loans by counterpart sector granted by other financial institutions (OFIs) and information on debt securities issuance of non-financial corporations (NFCs) via …

Distribution channels: Banking, Finance & Investment Industry

Published on October 29, 2024 - 07:32 GMT

Luis de Guindos: Interview with ANSA

29 October 2024 At the latest press conference, President Lagarde spoke of a series of economic indicators pointing lower and of downside risks to growth. The Survey of Professional Forecasters published by the ECB foresees inflation of 1.9% in 2025, …

Distribution channels: Banking, Finance & Investment Industry

Published on October 28, 2024 - 21:55 GMT

Frank Elderson: Transcript of video recording for Finance and Biodiversity Day of 16th United Nations Conference on Biological ...

Cali, 28 October 2024 The global economy and finance need nature to survive. Analysis by the ECB shows that the economy depends critically on nature: 72% of non-financial businesses in the euro area – around 4.2 million individual companies – would …

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Published on October 28, 2024 - 12:52 GMT

The ECB’s accountability to the European Parliament 2019-2024: commitment in times of change

Prepared by Ferdinand Dreher, Nils Hernborg, Sarah Mochhoury, Timothy Mulder and Hanni Schölermann 1 Introduction The independence of the ECB, particularly in its monetary policy decisions, ensures that it can effectively pursue price stability. At the …

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Published on October 25, 2024 - 12:05 GMT

ECB Consumer Expectations Survey results – September 2024

25 October 2024 Compared with August 2024: median consumer inflation perceptions over the previous 12 months and consumer inflation expectations for the next 12 months and for three years ahead all declined; expectations for nominal income growth over the …

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Published on October 25, 2024 - 11:51 GMT

Monetary developments in the euro area: September 2024

25 October 2024 Components of the broad monetary aggregate M3 The annual growth rate of the broad monetary aggregate M3 increased to 3.2% in September 2024 from 2.9% in August, averaging 2.8% in the three months up to September. The components of M3 showed …

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Published on October 24, 2024 - 21:41 GMT

Philip R. Lane: Underlying inflation: an update

Speech by Philip R. Lane, Member of the Executive Board of the ECB, at the Inflation: Drivers and Dynamics Conference 2024 organised by the Federal Reserve Bank of Cleveland and the ECB Cleveland, 24 October 2024 Introduction My aim today is to provide an …

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Published on October 24, 2024 - 09:53 GMT

Cross-border deposits: growing trust in the euro area

24 October 2024 By Matthias Rumpf People have tended to be quite hesitant to trust banks abroad. That seems to be changing. In a post featuring interactive charts for you to explore, The ECB Blog shows that cross-border bank deposits of private households …

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