Panetta: With the second wave, the starting point for the inflation outlook is now lower than a few months ago. Uncertainty might leave scars even after the economy recovers. We cannot hesitate to take decisive measures to avoid a disanchoring of inflation expectations 2/4
European Central Bank Fri 27 Nov 2020 06:06

(THREAD) We cannot afford to be too optimistic, says Executive Board member Fabio Panetta to @Expresso. There should not be any doubt about our commitment to bring inflation back to our aim or about the continuity of our policies even when the recovery gets underway 1/4 https://t.co/KMi5i9C52R
European Central Bank Fri 27 Nov 2020 06:06

Lane: Ensuring favourable financing conditions to support the economic recovery and to counteract the negative impact of the pandemic on the projected inflation path is essential. We will recalibrate our instruments, as appropriate, to respond to the unfolding situation 5/5
European Central Bank Thu 26 Nov 2020 12:20

Lane: Analysis by ECB staff suggests that without our monetary policy measures euro area output would be 1.3 percentage points lower and the annual inflation rate would be 0.8 percentage points lower by 2022 in cumulative terms 4/5 https://t.co/dYBRXMy8jm
European Central Bank Thu 26 Nov 2020 12:20

We are lighting up our building for the #OrangeTheWorld initiative, which marks the @UN International Day for the Elimination of Violence against Women. This frequently hidden form of violence is one of the most widespread and persistent human rights violations. https://t.co/lDUdC4Wttg
European Central Bank Wed 25 Nov 2020 18:29

Working paper: Nowcasting business cycle turning points with stock networks and machine learning Link
European Central Bank Wed 25 Nov 2020 13:54

(THREAD) Euro area SMEs report strong declines in turnover and profits across countries and sectors, reflecting the sharp fall in economic activity arising from the coronavirus pandemic. Yet, their concerns about rising labour costs have diminished 1/2 https://t.co/FpY0NRuy9q
European Central Bank Tue 24 Nov 2020 09:08

The working group on euro risk-free rates and the ECB welcome @ISDA’s launch of the IBOR Fallbacks Supplement and Protocol. They will provide robust fallbacks for derivative contracts under ISDA documentation in case IBOR benchmarks will be terminated Link https://t.co/CVSXIwkOlQ
European Central Bank Mon 23 Nov 2020 15:02

Working paper: Fire sales by euro area banks and funds - What is their asset price impact? Link
European Central Bank Mon 23 Nov 2020 10:27

Working paper: Do words hurt more than actions? The impact of trade tensions on financial markets Link
European Central Bank Mon 23 Nov 2020 10:27

(THREAD) Compared to spring lockdown, the economic impact is likely to be less strong this time, Chief Economist Philip R. Lane tells @LesEchos. The most severe scenarios are less probable now, but there will be some persistent damage and full recovery will take until fall 2022. https://t.co/9qMTKtxwFD
European Central Bank Mon 23 Nov 2020 05:52

RT @SuomenPankki: Next week we have the pleasure of welcoming @ecb Executive Board Member @Isabel_Schnabel as our invited speaker for the w…
European Central Bank Fri 20 Nov 2020 14:14

Working paper: Investment funds, monetary policy, and the global financial cycle Link
European Central Bank Thu 19 Nov 2020 13:58

Working paper: Central bank digital currency in an open economy Link
European Central Bank Thu 19 Nov 2020 13:58

Watch: Roxana Mihet (@EconBitsStrings), the winner of this year’s #ECBForum young economists’ competition, shared with us the main takeaways from her experience at the #ECBForum and her plans for the future. https://t.co/ChAVj2inRd
European Central Bank Thu 19 Nov 2020 13:23

Lagarde: Public investment and reforms, especially if geared towards medium and longer-term challenges such as environmental sustainability and digitalisation, can build a bridge towards a successful and inclusive recovery.
European Central Bank Thu 19 Nov 2020 08:28

Lagarde: Our measures have been very successful in stabilising financial markets and underpinning economic activity. We will address the current phase of the crisis with the same approach and determination.
European Central Bank Thu 19 Nov 2020 08:23

Lagarde: Preserving favourable financing conditions for as long as needed is key to support people’s spending, to keep credit flowing and to discourage mass lay-offs.
European Central Bank Thu 19 Nov 2020 08:23

Lagarde: The euro area economy is expected to be severely affected by the fallout from the rapid increase in coronavirus infections and the reinstatement of containment measures, posing a clear downside risk to the near-term economic outlook.
European Central Bank Thu 19 Nov 2020 08:18

Letter from the ECB President to Mr Ernest Urtasun, MEP, on AnaCredit Link
European Central Bank Thu 19 Nov 2020 08:18

Legal working paper: Composite administrative procedures in the European Union Link
European Central Bank Wed 18 Nov 2020 10:37

Enria: But as long as deposit insurance remains national, banking groups may not be able to smooth major shocks. A European deposit insurance scheme would dissuade governments from ring-fencing their banking sectors, which traps capital and liquidity within national borders 2/3
European Central Bank Wed 18 Nov 2020 09:07

(THREAD) In contrast to previous crises, banking market integration in the euro area remained stable and lending rates did not diverge after the first coronavirus wave, says Supervisory Board Chair Andrea Enria. The unified supervisory response was also a sign of integration 1/3 https://t.co/w4PdYNINM3
European Central Bank Wed 18 Nov 2020 09:07

(THREAD) The coronavirus crisis has amplified existing vulnerabilities in the euro area financial system, says ECB Vice-President Luis de Guindos at the 2020 @eurofinanceweek. Banks’ credit risk has increased and profitability prospects have worsened 1/2 https://t.co/yXztQHqMYW
European Central Bank Mon 16 Nov 2020 09:05

Economic Bulletin: Country-specific data used for 42 trading partners, covering 92% of euro area foreign demand
European Central Bank Thu 12 Nov 2020 09:31