Tag Archives: ECB

ECB appointments: Hans-Joachim Klöckers as Director General Economic Developments; Massimo Rostagno as Director General Monetary Policy

Hans-Joachim Klöckers becomes Director General Economic Developments Massimo Rostagno becomes Director General Monetary Policy Appointments effective as of 1 August 2017 Frankfurt am Main, 27-Jul-2017 — /EuropaWire/ — The Executive Board of the European Central Bank (ECB) has appointed Hans-Joachim Klöckers … Read the full press release

ECB: 331,000 counterfeit euro banknotes withdrawn from circulation in 1H 2017

331,000 counterfeit euro banknotes were withdrawn from circulation in the first half of 2017 Around 85% of the counterfeits were €20 and €50 banknotes All euro banknotes can be verified using the “feel, look and tilt” method Euro banknotes continue … Read the full press release

ECB Survey of Professional Forecasters (SPF) for Q3 2017: inflation of 1.5%, 1.4% and 1.6% in 2017, 2018 and 2019

HICP inflation expectations have been revised downwards for 2017, 2018 and 2019. Longer-term HICP inflation expectations remain unchanged at 1.8%. Expectations for HICP excluding food and energy have been revised upwards for 2017, but remained unchanged for forecast horizons further … Read the full press release

Intesa Sanpaolo meets ECB’s capital requirement

TURIN/MILAN, 13-Dec-2016 — /EuropaWire/ — Intesa Sanpaolo has received notification of the ECB’s final decision concerning the capital requirement that the Bank has to meet, on a consolidated basis, as of 1 January 2017, following the results of the Supervisory Review … Read the full press release

European Central Bank (ECB): Unchanged credit standards on loans to enterprises reported by Euro area banks in 3Q2016

Loan demand continued to increase across all loan categories, while credit supply conditions remained unchanged for enterprises and improved for households The general low level of interest rates played an important role in contributing to demand for loans to enterprises … Read the full press release

European Central Bank (ECB) makes euro banknotes even more secure; unveils new €50 banknote

New €50 banknote will start circulating on 4 April 2017 €50 is the most widely used euro banknote New secure banknotes underline Eurosystem’s commitment to cash FRANKFURT AM MAIN, 06-Jul-2016 — /EuropaWire/ — The European Central Bank (ECB) today unveiled the … Read the full press release

Governing Council of the European Central Bank (ECB) to permanently stop producing the €500 banknote and to exclude it from the Europa series

ECB has decided to discontinue production and issuance of €500 banknote Europa series of euro banknotes will not include the €500 €500 banknote remains legal tender and will always retain its value Frankfurt am Main, 05-May-2016 — /EuropaWire/ — Today (4 … Read the full press release

European Central Bank (ECB): 445,000 counterfeit euro banknotes withdrawn from circulation in the second half of 2015

445,000 counterfeit euro banknotes were withdrawn from circulation in the second half of 2015. 83% of the counterfeits were €20 and €50 banknotes. All euro banknotes can be verified using the “feel, look and tilt” method. Euro banknotes continue to … Read the full press release

ECB: Credit standards for all loan categories eased in the third quarter of 2014 according to the October bank lending survey (BLS)

Net easing of credit standards continued for all loan categories in Q3 2014, although risk concerns re-emerged. Demand for loans increased across all loan categories but the contribution of firms’ financing needs related to fixed investment returned to negative territory. … Read the full press release

Swiss National Bank announced the fourth gold agreement between central banks in Europe

Zurich, 19-5-2014 — /EuropaWire/ — The Swiss National Bank (SNB), the European Central Bank (ECB), the central banks of the euro area (Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, Spain) … Read the full press release

EU residents can discover the new €10 banknote’s security features in competition launched by ECB

Prior to the unveiling of the new €10 in January 2014, European Union residents can discover the note’s security features in a competition to be launched today. 20 high-scoring players will win €5 VIP banknotes from the Europa series personally … Read the full press release

EU and ECB to help National Bank of Serbia (NBS) prepare to join the European System of Central Banks (ESCB)

Frankfurt, Germany, 16-12-2013 — /EuropaWire/ — National Bank of Serbia, the European Union (EU) Delegation to Serbia and the European Central Bank (ECB) today celebrated the completion of an extensive cooperation agreement with the National Bank of Serbia (NBS) to help the … Read the full press release

The European Central Bank (ECB) published its report on October 2013 euro area bank lending survey results

Frankfurt am Main, Germany, 30-10-2013 — /EuropaWire/ —  The European Central Bank (ECB) is publishing its report on the results of the October 2013 euro area bank lending survey today. The bank lending survey, which is conducted four times a year, … Read the full press release

The European Central Bank to double share of women in management by end of 2019

02-9-2013 — /EuropaWire/ — The Executive Board of the European Central Bank (ECB) has decided to introduce gender targets with the aim of doubling the share of women in management. By end of 2019, 35% of middle management positions (Heads of Division, … Read the full press release

The European Central Bank released its July 2013 euro area bank lending survey

30-7-2013 — /EuropaWire/ — The European Central Bank (ECB) is publishing its report on the results of the July 2013 euro area bank lending survey today. The bank lending survey, which is conducted four times a year, usually at the beginning … Read the full press release

ECB and Republic of Macedonia National Bank complete EU-funded cooperation programme

11-7-2013 — /europawire.eu/ — The European Central Bank (ECB) and the National Bank of the Republic of Macedonia (NBRM) today completed a cooperation programme aimed at helping the NBRM to advance its preparations for joining the European System of Central Banks … Read the full press release

ECB President Mario Draghi to Economic and Monetary Affairs Committee MEPs: Low interest rates will drive recovery

9-7-2013 — /europawire.eu/ — The reasons for the ECB’s low long-term interest rate announcement last week, ways to boost lending to small firms and efforts to reduce the fragmentation of financial markets in the EU were among the issues debated with … Read the full press release

EC, ECB on the conclusion of the third review of the financial assistance programme for Spain

Brussels, 4-6-2013 — /europawire.eu/ —  A delegation from the European Commission, in liaison with the European Central Bank, the European Stability Mechanism and the European Banking Authority, carried out the third review of the financial sector assistance programme for Spain from … Read the full press release

Cyprus bailout debate with Olli Rehn & Jorg Asmussen

MEPs dissect Cyprus bailout with Messrs Rehn and Asmussen 13-5-2013 — /europawire.eu/ — The confusion and delay that surrounded decisions on the Cyprus assistance plan were not only due to Cypriot intransigence. Rather, they reveal a need to radically rethink Eurogroup … Read the full press release

EC, ECB and IMF on the Tenth Review Mission to Ireland

Brussels, 9-5-2013 — /europawire.eu/ — Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Dublin during April 23rd – May 2nd, 2013 for the tenth review of the government’s economic programme and met with … Read the full press release

ECB: Marketable debt instruments issued or fully guaranteed by Cypriot government again eligible collateral for the purposes of Eurosystem credit operations

Frankfurt am Main, 8-5-2013 — /europawire.eu/ — Marketable debt instruments issued or fully guaranteed by the Republic of Cyprus and fulfilling all other eligibility criteria shall again constitute eligible collateral for the purposes of Eurosystem credit operations, subject to special haircuts. … Read the full press release

European Central Bank details of refinancing operations with settlement in the period from 10 July 2013 to 8 July 2014

7-5-2013 — /europawire.eu/ — The Governing Council of the European Central Bank (ECB) has today decided to continue conducting its main refinancing operations (MROs) as fixed rate tender procedures with full allotment for as long as necessary, and at least until … Read the full press release

ECB Monetary policy decisions

3-5-2013 — /europawire.eu/ — At today’s meeting, which was held in Bratislava, the Governing Council of the ECB took the following monetary policy decisions: The interest rate on the main refinancing operations of the Eurosystem will be decreased by 25 basis … Read the full press release

New €5 banknote started to circulate in the euro area countries

Eurosystem introduces Europa Series €5 banknote 2-5-2013 — /europawire.eu/ — A new €5 banknote, the first one in the Europa series, started to circulate today in the euro area countries. To mark the occasion, a short event hosted by Jozef Makúch, Governor … Read the full press release

ECB report on the SMEs access to finance in the euro area – October 2012 to March 2013

2-5-2013 — /europawire.eu/ — The European Central Bank (ECB) is today publishing its eighth report on the results of the “Survey on the access to finance of small and medium-sized enterprises (SMEs) in the euro area”. This survey round was conducted … Read the full press release

ECB: Signs of improved financial market integration in second half of 2012

29-4-2013 — /europawire.eu/ — An improvement in financial market integration was observed in the second half of 2012, after a further deterioration in the first half of the year caused by adverse market sentiment, worsened fiscal conditions and bank fragility in … Read the full press release

MEPs quizzed ECB Vice-President Vitor Constancio on credit flow to businesses and households

29-4-2013 — /europawire.eu/ — MEPs quizzed European Central Bank Vice-President Vitor Constancio on what more can be done to help credit flow to businesses and households, whether austerity is the right recipe, ECB transparency and possible interest rate cuts at Wednesday’s … Read the full press release

The European Investment Bank will step up its annual lending by more than 40 percent, to around EUR 70bn

29-4-2013 — /europawire.eu/ — The EIB is one of “five major building blocks” for economic recovery and sustainability according to an editorial article published today in the International Herald Tribune and co-signed by Olli Rehn, European Commissioner for economic and monetary affairs; Jeroen … Read the full press release

ECB report on the results of the April 2013 euro area bank lending survey

24-4-2013 — /europawire.eu/ — The European Central Bank (ECB) is publishing its report on the results of the April 2013 euro area bank lending survey today. The bank lending survey, which is conducted four times a year, usually at the … Read the full press release

Joint OeNB-ECB high-level Vienna conference discussed the preparations for the launch of the new Europa series of euro banknotes

Vienna , 24-4-2013 — /europawire.eu/ — Before the new €5 banknotes of the Europa series start to circulate on 2 May, the Oesterreichische Nationalbank (OeNB) and the European Central Bank (ECB) invited experts from several countries to a high-level conference in Vienna … Read the full press release