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Since 1 January 1999 the European Central Bank (ECB) has been responsible for conducting monetary policy for the euro area - the world’s largest economy after the United States.

ECB Press Releases

Philip R. Lane: Q&A on Twitter

INTERVIEWInterview on Twitter with Philip R. Lane, Member of the Executive Board of the ECB, conducted and published on 24 September 202024 September 2020Good afternoon, this is Philip R. Lane, the @ecb’s Chief Economist. I’m looking forward to answering your questions for the next 45 minutes or so. Join the conversation! #AskECBWhere do you expect world economy is heading by the end of this year and what the prospectus of 2021. Specially England and Indian economy?Lane: The global economy...

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The ECB Podcast – Banks in the coronavirus crisis

What challenges does the coronavirus pandemic pose for banks? And what role can they play in helping the real economy deal with the crisis? Our host Michael Steen discusses these questions and more with ECB Supervisory Board Chair Andrea Enria in this episode. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 10 June 2020 and recorded on 29 May 2020. In this episode: (02:38) Coronavirus and the banks How the pandemic is...

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Yves Mersch: Interview with Bloomberg

INTERVIEWInterview with Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, conducted by Paul Gordon and Carolynn Look23 September 2020The latest ECB forecasts weren’t much changed, some of the data is good, some of it not so good. What’s your view of the outlook at the moment?I must say that since the last time we took action, the least one could say is that things in the economy have not gone for the worse. And even with sometimes...

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Fabio Panetta: Asymmetric risks, asymmetric reaction: monetary policy in the pandemic

SPEECHSpeech by Fabio Panetta, Member of the Executive Board of the ECB, at the meeting of the ECB Money Market Contact GroupFrankfurt am Main, 22 September 2020It is a pleasure to speak to the Money Market Contact Group today.Money markets and central banks have an important relationship which, when it is working well, makes monetary policy more effective. Money market prices reflect expectations of our policy and the understanding of our reaction function. They are the first stage in the...

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ECB to accept sustainability-linked bonds as collateral

PRESS RELEASE22 September 2020Bonds with coupons linked to sustainability performance targets to become eligible as central bank collateral Potential eligibility also for asset purchases under the APP and the PEPP subject to compliance with programme-specific eligibility criteriaDecision applicable from 1 January 2021The European Central Bank (ECB) has decided that bonds with coupon structures linked to certain sustainability performance targets will become eligible as collateral for...

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The ECB Podcast – Coronavirus: zooming in on financial markets

What is the role of financial markets in the economy? How does the coronavirus pandemic affect markets? Is the current crisis also a financial crisis? Our host Michael Steen discusses these questions with ECB Executive Board member Isabel Schnabel. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 25 May 2020 and recorded on 15 May 2020. In this episode: (01:57) The role of financial markets in the economy How they act as...

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ECB proposes to reduce reporting burden for banks and increase data quality

PRESS RELEASE21 September 2020Smarter and standardised reporting procedures proposed to reduce banks’ reporting costsBanking industry involvement in improving procedures neededThe European Central Bank (ECB) today published the European System of Central Banks’ (ESCB) input into a European Banking Authority (EBA) feasibility report on reducing the reporting burden for the European banking industry. Under Article 430c of the Capital Requirements Regulation (CRR), the European Parliament and...

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Christine Lagarde: Jointly shaping Europe’s tomorrow

SPEECH Introductory remarks by Christine Lagarde, President of the ECB, at the Franco-German Parliamentary Assembly, 21 September 2020Frankfurt am Main, 21 September 2020Dear President Schäuble, Dear President Ferrand,Honourable Members of the Franco-German Assembly, I would like to thank you very warmly for inviting me to join you today.As President of the European Central Bank and a French citizen living and working in Germany, it is an honour to speak at this historic forum. This...

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Luis de Guindos: Interview with La Razón

INTERVIEWInterview with Luis de Guindos, Vice-President of the ECB, conducted by Jesús Rivasés on 14 September 2020 20 September 2020Are we already living in a new economic world?At the moment we are suffering the effects of a pandemic. The world was not ready for the type of lockdown that occurred in the vast majority of economies, and the fallout has been severe: the GDP contraction has been unprecedented and the way we do many things has changed. The hope is that, as the pandemic subsides,...

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Isabel Schnabel: Unequal scars – distributional consequences of the pandemic

SPEECHSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at the panel discussion “Verteilung der Lasten der Pandemie” (“Sharing the burden of the pandemic”), Deutscher Juristentag 2020Frankfurt am Main, 18 September 2020The coronavirus (COVD-19) pandemic is the most severe crisis in post-war history.[1] It threatens the health of the population, poses enormous challenges to the healthcare system and is causing significant economic costs. Within a short period of time,...

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