ECB - European Central Bank Press Releases - EIN Presswire

Published on June 18, 2024 - 13:43 GMT

Luis de Guindos: Strengthening European financial markets to ensure a more resilient future

Keynote speech by Luis de Guindos, Vice-President of the ECB, at the Joint Conference of the European Commission and the ECB on European Financial Integration Frankfurt am Main, 18 June 2024 It is a pleasure to address you once again at this annual joint …

Distribution channels: Banking, Finance & Investment Industry

Published on June 18, 2024 - 13:34 GMT

How banks deal with declining excess liquidity

18 June 2024 Tom Hudepohl, Pamina Karl, Tobias Linzert, Benoit Nguyen, Marta Skrzypińska, Lia Vaz Cruz[1] With the reduction of the Eurosystem’s balance sheet, central bank liquidity is declining. As liquidity is unevenly distributed among banks, an …

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Published on June 18, 2024 - 09:03 GMT

Financial Integration and Structure in the Euro Area

This is the third edition of the European Central Bank’s biennial report on financial integration and structure in the euro area (FISEA). As explained in greater detail when the first edition was released in March 2020,[1] it is designed to focus on …

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Published on June 18, 2024 - 09:03 GMT

Will the euro area car sector recover?

Prepared by Roberto A. De Santis, Virginia Di Nino, Nina Furbach, Ulla Neumann and Pedro Neves The automotive industry contributes a significant share to the value added of the euro area economy. The share of the car industry in the manufacturing sector’s …

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Published on June 18, 2024 - 08:55 GMT

Completing banking union and capital markets union is crucial, ECB report shows

18 June 2024 Disappointing progress in euro area financial integration since start of monetary union Policies urgently needed to mobilise savings, develop euro area bond and equity markets A better integrated euro area internal market for financial …

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Published on June 17, 2024 - 08:55 GMT

Sectoral dynamics and the business cycle in the euro area

Prepared by Niccolò Battistini and Johannes Gareis 1 Introduction Sectoral dynamics are key to understanding the business cycle in two ways. First, sectors are an important source of aggregate fluctuations. For example, an individual sector may experience …

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Published on June 14, 2024 - 18:17 GMT

Christine Lagarde: Policymaking in a new risk environment

Speech by Christine Lagarde, President of the ECB, at the 30th Dubrovnik Economic Conference Dubrovnik, 14 June 2024 It is a pleasure to be here in Dubrovnik. To this day, the stunning beauty of this city evokes the words of one of its most famous poets, …

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Published on June 13, 2024 - 17:40 GMT

ECB publishes consolidated banking data for end-December 2023

13 June 2024 Chart 1 Total assets of credit institutions headquartered in the EU (EUR billions) Source: ECB Note: Data for all reference periods relate to the EU27. As of 2023 Croatia is included in the Euro area countries. The total assets for end- …

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Published on June 13, 2024 - 11:50 GMT

Making the digital euro truly private

13 June 2024 By Maarten G.A. Daman Many people appreciate privacy when paying, and want their data protected. Current electronic means of payment are not optimal in this regard. We are designing the digital euro to be the most private electronic payment …

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Published on June 12, 2024 - 10:36 GMT

International use of the euro remained broadly stable in 2023

12 June 2024 Euro’s share across various indicators of international currency use remained above 19% Vigilance needed against any cracks that may appear in the international monetary system Deeper European economic and financial integration, together with …

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Published on June 12, 2024 - 10:35 GMT

The international role of the euro, June 2024

The international role of the euro remained broadly stable in 2023. The share of the euro across various indicators of international currency use tracked in this report remained above 19%, close to the average since its introduction in 1999. And the euro …

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Published on June 12, 2024 - 10:28 GMT

Piero Cipollone: Why Europe must safeguard its global currency status

12 June 2024 By Piero Cipollone More reforms are needed if the euro is to maintain and strengthen its role amid geopolitical shifts. Europe needs to further develop the infrastructure for making cross-border payments in euro with key partners. For the last …

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Published on June 11, 2024 - 20:12 GMT

Frank Elderson: Family ties: ten years of monetary policy and banking supervision under one European roof

Frankfurt am Main, 11 June 2024 Like many events this year, the Annual ECB Banking Supervision Research Conference is celebrating the tenth anniversary of European banking supervision under the Single Supervisory Mechanism (SSM). Ten years of the SSM also …

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Published on June 11, 2024 - 14:57 GMT

Philip R. Lane: Monetary policy and the disinflation process

Dublin, 11 June 2024 Let me begin by offering some comments on the economic outlook, before discussing our decision last week to cut the key ECB interest rates by 25 basis points.[1] The latest Eurosystem staff macroeconomic projections foresee economic …

Distribution channels: Banking, Finance & Investment Industry

Published on June 11, 2024 - 09:52 GMT

Christine Lagarde: Interview with Expansión, Handelsblatt, Il Sole 24 Ore and Les Echos

11 June 2024 What lessons do you draw from the restrictive monetary policy cycle that’s just finishing? You said you wouldn’t say the ECB is in a cutting cycle. But could the ECB stop after just one cut without raising credibility concerns? First of all, …

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Published on June 8, 2024 - 07:56 GMT

Christine Lagarde: Why we adjusted interest rates

8 June 2024 By Christine Lagarde The ECB has cut interest rates. President Christine Lagarde explains why and sets out what still needs to be done to bring inflation back to 2% over the medium term. Two years ago, we started raising interest rates because …

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Published on June 7, 2024 - 17:33 GMT

EU structural financial indicators: end of 2023

07 June 2024 The European Central Bank (ECB) has updated its dataset of structural financial indicators for the banking sector in the European Union (EU) for the end of 2023. This annual dataset comprises statistics on the number of offices and employees …

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Published on June 7, 2024 - 17:32 GMT

Christine Lagarde: Central banks in a changing world: the role of the ECB in the face of climate and environmental risks

Speech by Christine Lagarde, President of the ECB, at the Maurice Allais Foundation Paris, 7 June 2024 It is an honour to be speaking to you today as part of your series of workshops in memory of Maurice Allais. His contributions, in particular his work on …

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Published on June 7, 2024 - 11:44 GMT

Higher profit margins have helped firms hoard labour

Prepared by Vasco Botelho The ECB’s labour hoarding indicator measures the share of firms that have not reduced their workforce despite a worsening of their firm-specific outlook. This indicator is constructed for the first time using the ECB and European …

Distribution channels: Banking, Finance & Investment Industry

Published on June 7, 2024 - 11:44 GMT

Drivers of employment growth in the euro area after the pandemic – a model-based perspective

Prepared by Agostino Consolo and Claudia Foroni The adjustment in real wages has been key in supporting post-pandemic employment growth in the euro area. This box looks at developments in employment growth after the end of the pandemic, focusing on the …

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