Post

transforming finance to finance the transformation

Via ECB (Den Europæiske Centralbank) SPEECH Keynote speech by Fabio Panetta, Member of the Executive Board of the ECB, at the 50th anniversary of the Associazione Italiana per l’Analisi Finanziaria (by videoconference) 25 January 2021 Introduction I would like to start by thanking the Italian Association for Financial Analysts (Associazione Italiana per l’Analisi Finanziaria, AIAF)...

Post

Euro banknote counterfeiting at historically low level in 2020

Via ECB (Den Europæiske Centralbank) PRESS RELEASE 22 January 2021 460,000 counterfeit euro banknotes withdrawn from circulation in 2020, a historically low level in proportion to banknotes in circulation About two thirds of the total were €20 and €50 banknotes Euro banknotes continue to be a trusted and safe means of payment All euro banknotes...

Post

ECB digital euro consultation ends with record level of public feedback

Via ECB (Den Europæiske Centralbank) PRESS RELEASE 13 January 2021 Over 8,000 responses received in online survey Privacy, security and pan-European reach ranked highest in European citizens’ preferences Detailed analysis to be published in spring, ahead of decision on project launch The European Central Bank (ECB) concluded its public consultation on the digital euro yesterday...

Post

Meeting of 9-10 December 2020

Via ECB (Den Europæiske Centralbank) Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 9-10 December 2020 1. Review of financial, economic and monetary developments and policy options Financial market developments Ms Schnabel reviewed the financial market developments since the...

Post

Developments in the tourism sector during the COVID-19 pandemic

Via ECB (Den Europæiske Centralbank) Prepared by Vanessa Gunnella, Georgi Krustev and Tobias Schuler A salient feature of the coronavirus (COVID-19) pandemic has been the sharp and deep decline in mobility, which has caused a slump in tourism, trade in travel services and consumption by non-residents. Lockdowns and social distancing measures led to strong declines...

Post

Building a bridge towards economic recovery

Via ECB (Den Europæiske Centralbank) How will the coronavirus vaccine affect economic recovery in 2021? Where do we stand after nine months of fighting the crisis? And what is the role of the ECB’s monetary policy? Our host Michael Steen discusses these questions with our Chief Economist Philip R. Lane. The views expressed...

Post

ECB Youth Dialogue

Via ECB (Den Europæiske Centralbank) Young Europeans asked President Lagarde their questions on the ECB’s response to the coronavirus pandemic emergency in an online youth dialogue. The event was organised together with the European Parliament as part of the European Youth Event 2020 and took place on 27 May 2020. Participants also sent questions about...

Post

Q&A on Twitter

Via ECB (Den Europæiske Centralbank) INTERVIEW Interview on Twitter with Isabel Schnabel, Member of the Executive Board of the ECB, conducted and published on 17 December 2020 18 December 2020 Good afternoon, this is @Isabel_Schnabel, Executive Board member @ecb. I’m looking forward to answer your questions for the next 45 minutes or so. Join the...

Post

our individual and joint responsibility

Via ECB (Den Europæiske Centralbank) SPEECH Introductory remarks by Fabio Panetta, Member of the Executive Board of the ECB, at the fifth meeting of the Euro Cyber Resilience Board for pan-European Financial Infrastructures Frankfurt am Main, 16 December 2020 At the last meeting of the Euro Cyber Resilience Board for pan-European Financial Infrastructures (ECRB), we...

Post

A commitment to the recovery

Via ECB (Den Europæiske Centralbank) SPEECH Speech by Fabio Panetta, Member of the Executive Board of the ECB, at the Rome Investment Forum 2020 Rome, 14 December 2020 2020 has been a year like no other. We have faced an economic contraction without precedent in peacetime: in the first half of this year output in...

Post

Money in the digital era

Via ECB (Den Europæiske Centralbank) THE ECB BLOG Blog post by Fabio Panetta, Member of the Executive Board of the ECB Frankfurt am Main, 2 December 2020 Since the times of ancient Greece money has been virtually synonymous with cash: coins and later banknotes have provided people with an efficient and widely accepted means of...

Post

Gradual change seen in euro area payment behaviour

Via ECB (Den Europæiske Centralbank) PRESS RELEASE 2 December 2020 Cash most popular instrument for in-person retail payments, but use gradually declining Card payments becoming increasingly contactless Survey suggests coronavirus pandemic has accelerated use of cashless payment methods Euro area consumers are gradually shifting towards cards for in-person retail payments, although cash remained the most...

Post

The future of money – innovating while retaining trust

Via ECB (Den Europæiske Centralbank) INTERVIEW Article by Christine Lagarde, President of the ECB, in L’ENA hors les murs magazine Paris, 30 November 2020 Important lessons can be drawn from the past to understand the factors influencing the journey towards the future of money, including the possible introduction of a digital euro. Ensuring the euro...

Post

Interview with Helsingin Sanomat

Via ECB (Den Europæiske Centralbank) INTERVIEW Interview with Luis de Guindos, Vice-President of the ECB, conducted by Petri Sajari on 24 November 2020 28 November 2020 What are the key risks for the euro area recovery at the moment? The fourth quarter of 2020 will be marked by the measures taken by euro area governments...

Post

Meeting of 28-29 October 2020

Via ECB (Den Europæiske Centralbank) Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 28-29 October 2020 1. Review of financial, economic and monetary developments and policy options Financial market developments Ms Schnabel reviewed the financial market developments since the...

Post

Working group on euro risk-free rates launches two public consultations on fallbacks to EURIBOR

Via ECB (Den Europæiske Centralbank) PRESS RELEASE 23 November 2020 Various fallback rates proposed, based upon the euro short-term rate (€STR) Potential events described that could trigger fallbacks Stakeholders asked to provide their views by 15 January 2021 The working group on euro risk-free rates has today released two public consultations on the topic of...

Post

Interview with Les Echos

Via ECB (Den Europæiske Centralbank) INTERVIEW Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Guillaume Benoit, Elsa Conesa and Sophie Rolland 22 November 2020 The European economy is facing further lockdowns. What are the immediate and long-term consequences and do you think there is a risk of another...