We kept our key interest rates unchanged.
Our rates are still high, helping push down inflation.
This is still needed because inflation is likely to stay above our 2% target well into next year.
Read today’s monetary policy decisions
We expect inflation to return to our two percent target by the end of 2025, Executive Board member
@Isabel_Schnabel
tells
@faznet
.
But we need to remain vigilant and continuously cross-check incoming data with the assumptions underlying our projections
The importance of cyber resilience in protecting our banking sector cannot be overstated, writes Supervisory Board member Anneli Tuominen in a blog post.
The results of our recent stress test will help us strengthen the way banks manage cyber risk.
How would a bank recover from a successful cyberattack?
Our first cyber stress test shows that banks have response and recovery frameworks in place, but areas for improvement remain.
The results will inform banks’ annual health check for 2024
What do consumers in the euro area expect will happen to inflation, their incomes, their spending and the value of their homes 12 months from now?
We’ve published the latest results of our Consumer Expectations Survey.
Press release
Our mandate is to ensure that banks are safe and sound, Supervisory Board Vice-Chair
@FrankElderson
tells
@lemondefr
.
To do so, we need to make sure that banks manage all risks, whether related to cybersecurity, geopolitics, or climate and nature
Evolving risks require supervisory reform, Supervisory Board Chair Claudia Buch tells
@nicolas_veron
.
Changes to banks’ annual health check – the SREP - will help keep supervisors on their toes.
Read the presentation
Coming up at 15:00 CET: Supervisory Board Chair Claudia Buch talks to
@nicolas_veron
as part of the Financial Statements series organised by
@PIIE
, the Peterson Institute for International Economics.
Follow live
Well-run banks mean safer banks, says Supervisory Board Vice-Chair
@FrankElderson
.
To help banks make further progress on governance, our guide on governance and risk culture outlines supervisory expectations and good practices.
Read the blog post
Shortcomings in internal governance and risk culture can lead to difficulties for banks.
Our draft guide, which is now open for public consultation, provides banks with a roadmap to better implement governance standards
Repo markets are vital for commercial and central banks: they source liquidity and securities, and they’re essential for monetary policy transmission.
How has the reduction of the Eurosystem’s balance sheet affected them? Read
#TheECBBlog
to find out.
We decided to keep interest rates unchanged because we will have more information in September, Vice-President Luis de Guindos tells
@europapress
.
It will be crucial to see that inflation is steadily converging towards 2% over the medium term
Tune in from 09:00 CET tomorrow to watch our joint conference with
@IMFNews
and the IMF Economic Review on the new global challenges for international fiscal and monetary policy.
Register to follow live:
How did the euro area current account balance evolve in May?
And how does it compare with the same month a year earlier?
Find out more in the press release
Wir werden die Leitzinsen so lange wie erforderlich ausreichend restriktiv halten, so Präsidentin
@Lagarde
bei der heutigen Pressekonferenz, nachdem der EZB-Rat beschlossen hat, die Leitzinsen unverändert zu belassen.
Mantendremos los tipos de interés en niveles suficientemente restrictivos mientras sea necesario, declaró la presidenta
@Lagarde
en la rueda de prensa de hoy, tras la decisión del Consejo de Gobierno de mantener los tipos de interés.
Ver la rueda de prensa
Nous conserverons des taux directeurs suffisamment restrictifs, aussi longtemps que nécessaire, a déclaré la présidente
@Lagarde
lors de la conférence de presse, après la décision de laisser les taux inchangés.
Regarder la conférence de presse