Tweet

@katieranger_

@Lagarde

More from @ecb

European Central Bank

@ecb

Jan 3

🧵 In 2022 we published ten new or updated Explainers, a clear and visual way to understand central banking topics – available in all EU languages!

Here is a recap of some of them in case you missed them ⬇️

1/4

Raising interest rates is our main tool for fighting inflation. But what do higher rates mean for you?

Read our #Explainer to find out more ecb.europa.eu/ecb/educationa…

2/4

Climate change matters to the ECB, as it affects the economy in different ways.

Check out our #Explainer to find out how and to discover what we are doing to tackle climate-related risks ecb.europa.eu/ecb/educationa…

3/4

Read 4 tweets

European Central Bank

@ecb

Sep 26, 2022

@bundesbank

🧵 The digitalisation of finance has broadened payment options, with emerging fintechs, big techs and cryptos causing disruptions, says Executive Board member Fabio Panetta at the @bundesbank. We need to preserve an anchor of stability for the monetary and payments systems.

1/4

Panetta: Safeguarding this anchor is what our digital euro project is all about. We want to ensure that central bank money remains available to everyone in the euro area. But we also need to modernise the payment infrastructure underpinning our financial system.

2/4

Panetta: Central bank money already exists in digital form for wholesale purposes. Wholesale central bank digital currency projects are about making digital interbank transactions, such as securities settlement and cross-currency payments, safer and more efficient.

3/4

Read 4 tweets

European Central Bank

@ecb

May 5, 2022

@LaStampa

🧵 We must be prudent, recognising what we can do, but also what we cannot do, Executive Board member Fabio Panetta tells @LaStampa. We have limited room to cool imported inflation but we must prevent the rise in inflation from becoming entrenched.

ecb.europa.eu/press/inter/da…

1/4

Panetta: With medium-term inflation around 2%, we can gradually reduce stimulus.
But we must remain data-driven. It would be unwise to act without fully understanding how the war and global factors will affect inflation, demand and production. Uncertainty is enormous

2/4

Panetta: We must prevent monetary adjustment from being accompanied by higher financial fragmentation. If the latter impedes monetary policy transmission, we should intervene decisively, building on the success of our pandemic purchase programme and the Next Generation EU

3/4

Read 4 tweets

European Central Bank

@ecb

Apr 28, 2022

@Europarl_EN

The Russian invasion of Ukraine has cast a dark shadow over our continent, says Vice-President Luis de Guindos as he presents our 2021 Annual Report to the @Europarl_EN

Speech ecb.europa.eu/press/key/date…
Annual Report ecb.europa.eu/pub/annual/htm…

1/4

https://twitter.com/ecb/status/1519568358106144768

De Guindos: The war in Ukraine is above all a human tragedy causing enormous suffering. But it is also affecting the economy in Europe. Growth will be slower than expected and inflation is likely to remain high in the coming months

2/4

De Guindos: The war has also exposed major strategic vulnerabilities in Europe, including our dependency on fossil fuel imports. Speeding up the green transition is therefore crucial

3/4

Read 4 tweets

European Central Bank

@ecb

Apr 25, 2022

@Columbia

🧵 Globally coordinated efforts are needed to bring crypto-assets into a regulatory framework, says Executive Board member Fabio Panetta at @Columbia. We must not repeat past mistakes by waiting for the bubble to burst before acting ecb.europa.eu/press/key/date…

1/5

Panetta: Unbacked crypto-assets can’t even fulfil their objective of facilitating payments, since they are too volatile to perform as money. We must decide how to regulate them, seeking a balance between innovation, financial stability and consumer protection

2/5

Panetta: Crypto-assets already have a larger market than sub-prime mortgages had before the global financial crisis started. The longer we wait, the more exposures and vested interests build up. And the harder it will be to act

3/5

Read 5 tweets

European Central Bank

@ecb

Apr 25, 2022

🧵 How much less will people consume in response to the recent increase in energy prices? After a period of recovery following the pandemic, the rise in commodity prices since last summer has affected people’s spending plans ecb.europa.eu/pub/economic-b…
#EconomicBulletin

1/4

Exposure to fluctuating energy prices differs across income groups: the less people earn, the bigger the impact of higher prices. Poorer households spend a large percentage of their income on energy, meaning they are particularly affected by rising costs

2/4

Targeted fiscal policies can play a key role in supporting those most affected. According to our Consumer Expectations Survey, people with higher exposure to changing energy prices are more likely to feel a need for governments to buffer the impact of increasing costs

3/4

Read 4 tweets

Share this page!

European Central Bank

People who liked this thread also liked...

Try unrolling a thread yourself!

More from @ecb

European Central Bank

European Central Bank

European Central Bank

European Central Bank

European Central Bank

European Central Bank

Did Thread Reader help you today?

Don't want to be a Premium member but still want to support us?

Send Email!