European Central Bank (ECB)
Polish governor appeals to ECB for support against removal
Lagarde says “not lawful” impeachment could harm central bank independence
ECB’s Schnabel does not rule out rate cut before mid-2024
Executive board member deems more rate hikes “rather unlikely”
ECB selects possible topics for new banknotes
“European culture” and “rivers and birds” enter final selection phase
Lower eurozone inflation fuels rate cut speculation
Some analysts expect start of easing cycle earlier in 2024
German inflation falls to 2.3% in November
Falling energy prices lower inflation in the eurozone’s main economy
ECB paper analyses impact of Chinese financial shocks
“China shocks” affect global commodities and equities, but less than US equivalents, researchers find
ECB paper studies ESG ratings’ effects on debt costs
Downgrades had only temporary effect on US firms’ bond spreads, researchers find
ECB willing to hike rates further, say minutes
Governing council stresses it needs to be persistent and vigilant to bring inflation to 2% target
ECB prioritises IT outsourcing and cyber resilience supervision
Institutions lost $161 million due to poor-quality outsourced services in 2022
Eurozone banks show “early signs of stress”, ECB warns
High interest rate will test eurozone’s resilience while some non-banks are at risk, review says
Supervisors see promise in AI but warn data remains key
IMF’s “StatGPT” project has promise but data problems are hard to solve, Regnology panellists say
Lagarde calls for stronger EU securities and markets authority
ECB president stresses completing capital markets union is essential to deal with deglobalization, ageing and climate change
Svensson says house price metrics ‘unreliable and misleading’
Former Riksbank deputy governor says authorities are misjudging risks
Eurozone consumers’ 12-month inflation expectations increase
Median expectations for inflation rose to 4% in September from 3.5% in August
Banknotes rarely portray current monarchs or presidents
Central banks favour other historical figures, but few institutions feature people from minority groups
Schnabel warns next disinflation phase will be harder
Base effects, core inflation and supply-side risks threaten the outlook, she says
ECB raises concerns over Italian macro-pru committee
Decree should give a casting vote to governor and remove members’ vetoes, ECB says
Cipollone joins ECB board
Italian economist succeeds Panetta, who takes over the Bank of Italy
People: New governor in Sierra Leone
Brazilian president nominates two new central bank directors; new head of statistics at ECB; and more
Swedish parliament urged to reinforce legal status of cash
“More consumers and businesses need access to payment accounts,” says Riksbank governor
ECB holds rates unchanged at 4%
Central bank pauses tightening cycle after 10 consecutive rate increases
Eurozone budget deficit declined in 2022
Government imbalances declined to 3.6% of GDP from 5.2% in 2021
EU data protection bodies raise concerns about digital euro
EDPB and EDPS request that ECB explain how it will process and protect data
EU council appoints Buch head of ECB’s supervisory board
German official will replace Andrea Enria on January 1 for a five-year term