bluesky_European Central Bank

Framework guidance is more effective than rate forward guidance when policy rates are away from the effective lower bound, says Chief Economist Philip R. Lane. He also discusses some recent ECB research on monetary policy communication. Read his speech link.europa.eu/BBdvwm

Timely progress on the Single Currency Package is key for Europe's autonomy in payments, says Executive Board member Piero Cipollone before @europarl.europa.eu. This will safeguard the role of cash and give Europeans a digital form of it link.europa.eu/ckq7vB

Competitive banks withstand shocks better and transmit monetary policy more effectively. Euro area banks are in good shape. Our #EconomicBulletin explores how cross-border consolidation and the savings and investments union can boost competitiveness further www.ecb.europa.eu/press/econom...

The use of industrial policy is on the rise. Can it help power a more productive and resilient Europe? Interventions should: 🔹 be targeted and time-limited They should not: 🔹 replace structural reforms and deeper integration Read our #EconomicBulletin for more www.ecb.europa.eu/press/econom...

Live today at 15:00 CET: Executive Board member Piero Cipollone appears before @europarl.europa.eu's Committee on Economic and Monetary Affairs to discuss how we are preparing the euro for the future, from our progress on the digital euro, to the new banknotes designs link.europa.eu/m3JGPQ

Construction work felt the heat this summer. A record share of euro area firms reported weather disruption in August. But the effect on output was small and temporary, with postponed work typically made up in the following month. Read our #EconomicBulletin www.ecb.europa.eu/press/econom...

Digital innovation will be key in the drive to make the EU banking sector more competitive, Supervisory Board Chair Claudia Buch tells the Eurogroup. We must promote market integration and growth while safeguarding the resilience banks need to compete link.europa.eu/JKtV3t

Over the past five years, our climate change centre has helped integrate climate and nature risks into our work. Read our #EconomicBulletin for more on the progress made and challenges ahead, including the green transition, extreme weather and nature loss www.ecb.europa.eu/press/econom...

Energy is pushing up inflation numbers and food inflation has also increased, says President Lagarde. But the underlying indicators are stable and we are currently not seeing signs of second-round effects beyond those incorporated in our projections www.ecb.europa.eu/press/inter/...

Letter from the ECB President to Mr Eero Heinäluoma and Mr Jonás Fernández, MEPs, on AI-related financing link.europa.eu/467hj9

The European Commission's competitiveness initiative is a chance to further strengthen the banking sector after a decade of progress, write Supervisory Board Chair Claudia Buch and Single Resolution Board Chair Dominique Laboureix. Read #TheSupervisionBlog link.europa.eu/FHm6dp

Coming up at 10:30 CET: ECB Chief Economist Philip R. Lane takes part in a fireside chat with John Williams, President of the Federal Reserve Bank of New York. Watch the livestream www.ecb.europa.eu/press/confer...

The key to modernising banking rules and supervision is making the right changes, says Supervisory Board member Sharon Donnery. This starts with the purpose of our work: ensuring the safety and soundness of banks and the stability of the financial system link.europa.eu/VnmYKq

Day 2 of the ECB Conference on Money Markets starts at 9:00 CET today. Today's programme includes a fireside chat with Philip R. Lane and John Williams, and the market panel wrapping up the conference. Follow live www.ecb.europa.eu/press/confer...

New technology is compounding money laundering risks, says Supervisory Board member Anneli Tuominen. To keep pace, supervisors must prioritise effectively and upgrade digital tools. Banks should strengthen their operational resilience and invest in AI link.europa.eu/Wx4mtK

At the end of her time at the ECB, Executive Board member Isabel Schnabel reflects on what she has learnt about monetary policy, sharing four key takeaways on the choice of tools, the response to shocks, fiscal and financial dominance, and implementation www.ecb.europa.eu/press/key/da...

Day 1 of the ECB Conference on Money Markets starts at 9:00 CET today. The event kicks off with a speech by ECB Executive Board member Isabel Schnabel at 9:05 CET followed by discussions on money markets and central bank balance sheets. Follow live www.ecb.europa.eu/press/confer...

The ECB must shape the future of money in the public interest, says Executive Board member Piero Cipollone. Our work on future euro banknotes, a digital euro, tokenised finance and cross-border payments aims to keep our monetary system fit for purpose link.europa.eu/YMCPfj

Central bankers, market practitioners and academics are meeting in Frankfurt tomorrow for the annual ECB Conference on Money Markets, where they will discuss developments in money markets, innovations and the challenges that lie ahead. Check out the programme www.ecb.europa.eu/press/confer...

Extreme weather is becoming more frequent and more severe, and the associated costs are rising. Europe needs better protection against the financial fallout from climate change and a more flexible energy system, says President Lagarde www.ecb.europa.eu/press/blog/d... @president.ecb.europa.eu

Despite Single Euro Payments Area (SEPA) expansion, many households continue to rely on costly channels for transferring money across borders. New survey evidence suggests that awareness of Europe's payment integration remains surprisingly limited link.europa.eu/jcyfJh

Big tech needs money to fund its activities. In our latest podcast episode, Paul Gordon and Imène Rahmouni-Rousseau explore why some big tech firms are turning to Europe's bond market, and what this could mean for Europeans. Tune in pod.link/ecbpodcast/e...

Simplification should make banking rules more proportionate and easier to understand, not lower capital standards, says Supervisory Board member Pedro Machado. He adds that the biggest hurdle for competitiveness is Europe's fragmented banking market www.bankingsupervision.europa.eu/press/speech...

Watch live at 9:45 CET: Supervisory Board member Pedro Machado talks about the simplification of banking regulation and supervision at the 12th Conference on the Banking Union, organised by the Goethe University Institute for Law and Finance. Register here freshfields.eventogy.com/c/12thconfer...

Has the latest energy shock triggered a new wave of food price increases? To find out, we've used innovative AI technologies to follow supermarkets and their price-setting practices. So far, the momentum has been weaker than in 2022 link.europa.eu/P49gMn

Integration is Europe's best answer to an uncertain world, says Vice-President Boris Vujčić. We cannot set the trade policy of others, but we can reduce barriers within our Single Market to strengthen resilience and competitiveness link.europa.eu/tcx4yb

The institution is solid, strong, like a rock, and it will continue to be so, says President Lagarde. Rest assured that the ECB is going to carry on with perfect continuity of business. Watch here link.europa.eu/KByWRW @president.ecb.europa.eu

The Governing Council decided to keep interest rates unchanged. We are committed to ensuring that inflation stabilises at 2% says President Lagarde. Watch here link.europa.eu/KByWRW @president.ecb.europa.eu

Next-day securities settlement is a key step towards making financial markets more competitive, says Executive Board member Piero Cipollone. It is part of a broader push to make Europe's financial and payment system safer, more efficient and more resilient link.europa.eu/fDQKJn

We've just taken our latest monetary policy decisions, determined to ensure that inflation stabilises at our two percent target in the medium term. Tune in to Euro Matters to hear @president.ecb.europa.eu Christine Lagarde present the decisions in our press conference pod.link/ecbpodcast/e...