Coronavirus
- 12/01/2021
- Isabel Schnabel: Interview with Der StandardInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Andras Szigètvari on 7 January 2021 und published on 12 January 2021
- 11/01/2021
- Working paper no. 2510: Nowcasting in a pandemic using non-parametric mixed frequency VARs
- 18/12/2020
- Working paper no. 2507: The Covid-19 crisis and consumption: survey evidence from six EU countries
- 17/12/2020
- Working paper no. 2505: Daily tracker of global economic activity: a close-up of the COVID-19 pandemic
- 16/12/2020
- Fabio Panetta: Keeping cyber risk at bay: our individual and joint responsibilityIntroductory 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
- 14/12/2020
- Fabio Panetta: A commitment to the recovery Speech by Fabio Panetta, Member of the Executive Board of the ECB, at the Rome Investment Forum 2020
- 10/12/2020
- ECB prolongs support via targeted lending operations for banks that lend to the real economy
- 10/12/2020
- ECB extends pandemic emergency longer-term refinancing operations
- 10/12/2020
- Christine Lagarde, Luis de Guindos: Introductory statement to the press conference (with Q&A)Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 10 December 2020EnglishOTHER LANGUAGES (22) +
- 02/12/2020
- Philip R. Lane: Transcript of the fireside chat at Reuters Global Outlook Investment Summit Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Balázs Korányi on 1 December 2020
- 01/12/2020
- Isabel Schnabel: Interview with BloombergInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Jana Randow, Carolynn Look and Alexander Weber on 30 November 2020
- 28/11/2020
- Luis de Guindos: Interview with Helsingin SanomatInterview with Luis de Guindos, Vice-President of the ECB, conducted by Petri Sajari on 24 November 2020
- 27/11/2020
- Fabio Panetta: Interview with ExpressoInterview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by João Silvestre on 19 November 2020
- 26/11/2020
- Philip R. Lane: Monetary policy in a pandemic: ensuring favourable financing conditionsSpeech by Philip R. Lane, Member of the Executive Board of the ECB, at the Economics Department and IM-TCD, Trinity College Dublin
- 25/11/2020
- Yves Mersch: Interview with Financial TimesInterview with Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, conducted by Martin Arnold on 23 November 2020
- 24/11/2020
- Isabel Schnabel: COVID-19 and monetary policy: Reinforcing prevailing challengesSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at The Bank of Finland Monetary Policy webinar: New Challenges to Monetary Policy Strategies
- 24/11/2020
- Survey on the Access to Finance of Enterprises in the euro area: small businesses report strong declines in turnover and profits but improved access to finance
- 23/11/2020
- Isabel Schnabel: Shifting tides in euro area money markets: from the global financial crisis to the COVID-19 pandemicSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at the ECB Conference on Money Markets, 23 November 2020
- 22/11/2020
- Philip R. Lane: Interview with Les EchosInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Guillaume Benoit, Elsa Conesa and Sophie Rolland
- 20/11/2020
- Christine Lagarde: Fostering sustainable growth in Europe Keynote speech by Christine Lagarde, President of the ECB, at the European Banking Congress
- 19/11/2020
- Isabel Schnabel: COVID-19 and the liquidity crisis of non-banks: lessons for the futureSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, Financial Stability Conference on “Stress, Contagion, and Transmission” organised by the Federal Reserve Bank of Cleveland and the Office of Financial Research
- 19/11/2020
- Christine Lagarde: Hearing at the Committee on Economic and Monetary Affairs of the European ParliamentIntroductory statement by Christine Lagarde, President of the ECB, at the ECON Committee of the European Parliament (by videoconference)
- 17/11/2020
- Philip R. Lane: Transcript of interview with Portuguese public broadcaster RTP3Interview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Maria Nobre, broadcast on Tuesday, 17 November at 12:00 a.m. CET
- 16/11/2020
- Luis de Guindos: The euro area financial sector in the pandemic crisisKeynote speech by Luis de Guindos, Vice-President of the ECB, at the 23rd EURO FINANCE WEEK
- 12/11/2020
- Luis de Guindos: Banking Union and Capital Markets Union after COVID-19Keynote speech by Luis de Guindos, Vice-President of the ECB, at the CIRSF (Research Centre on Regulation and Supervision of the Financial Sector, Portugal) online Annual International Conference 2020 on Major Trends in Financial Regulation
- 11/11/2020
- Christine Lagarde: Monetary policy in a pandemic emergencyKeynote speech by Christine Lagarde, President of the ECB, at the ECB Forum on Central Banking
- 04/11/2020
- Isabel Schnabel: Monetary policy in changing conditions Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the second EBI Policy Conference on “Europe and the Covid-19 Crisis – Looking back and looking forward”
- 04/11/2020
- Yves Mersch: Q&A at UBS eventTranscript of Q&A session following a fireside chat with Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at an online UBS event on the European economic and policy outlook, conducted on 30 October 2020
- 03/11/2020
- Isabel Schnabel: Interview with HandelsblattInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Jan Mallien and Frank Wiebe
- 02/11/2020
- Yves Mersch: Legal aspects of the ECB’s response to the coronavirus (COVID-19) pandemic – an exclusive but narrow competenceKeynote speech by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the ESCB Legal Conference
- 29/10/2020
- Christine Lagarde, Luis de Guindos: Introductory statement to the press conference (with Q&A)Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 29 Oktober 2020EnglishOTHER LANGUAGES (22) +
- 29/10/2020
- Monetary policy decisionsEnglishOTHER LANGUAGES (22) +
- 20/10/2020
- Isabel Schnabel: Don’t take it for granted: the value of high-quality data and statistics for the ECB’s policymakingBlog post by Isabel Schnabel, Member of the Executive Board of the ECB
Summary
High-quality data and statistics provide indispensable input for sound policy decisions, including at the ECB, writes Executive Board member Isabel Schnabel. Today’s World Statistics Day reminds us of the importance of data we can trust.
- 19/10/2020
- Yves Mersch: The ECB’s monetary policy amid the pandemicIntroductory remarks by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the MNI Connect Roundtable
- 19/10/2020
- Christine Lagarde: Interview with Le MondeInterview with Christine Lagarde, President of the ECB, conducted by Marie Charrel and Eric Albert
- 18/10/2020
- Christine Lagarde: Remarks at the G30 International Banking SeminarContribution by Christine Lagarde, President of the ECB, during the session “Rebuilding and Sustaining Growth”
- 17/10/2020
- Fabio Panetta: Interview with KathimeriniInterview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Eirini Chrysolora
- 15/10/2020
- Christine Lagarde: IMFC StatementStatement by Christine Lagarde, President of the ECB, at the forty-second meeting of the International Monetary and Financial Committee
- 11/10/2020
- Philip R. Lane: Interview with Wall Street JournalInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Tom Fairless on 8 October
- 10/10/2020
- Isabel Schnabel: The ECB’s independence in times of mounting public debt Contribution by Isabel Schnabel, Member of the Executive Board of the ECB, Frankfurter Allgemeine Zeitung
- 08/10/2020
- Yves Mersch: European economic governance: early lessons from the crisis Keynote speech by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Conference “The Werner Report, 50 Years on”, organised by the Luxembourg Centre for Contemporary and Digital History in cooperation with EUI Florence
- 07/10/2020
- Christine Lagarde: Written interview with Harvard International ReviewInterview with Christine Lagarde, President of the ECB
- 07/10/2020
- Working paper no. 2478: Covid-19 and rural landscape: the case of Italy
- 06/10/2020
- Philip R. Lane: The ECB’s monetary policy in the pandemic: meeting the challengeSpeech by Philip R. Lane, Member of the Executive Board of the ECB, at the 62nd NABE Annual Meeting “Global Reset? Economics, Business, and Policy in the Pandemic”
- 28/09/2020
- Christine Lagarde: Hearing at the Committee on Economic and Monetary Affairs of the European ParliamentIntroductory statement by Christine Lagarde, President of the ECB, at the ECON Committee of the European Parliament (by videoconference)
- 28/09/2020
- Isabel Schnabel: When markets fail – the need for collective action in tackling climate changeSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at the European Sustainable Finance Summit, Frankfurt am Main, 28 September 2020
- 23/09/2020
- Yves Mersch: Interview with BloombergInterview 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 Look
- 22/09/2020
- Fabio Panetta: Asymmetric risks, asymmetric reaction: monetary policy in the pandemic Speech by Fabio Panetta, Member of the Executive Board of the ECB, at the meeting of the ECB Money Market Contact Group
- 21/09/2020
- Christine Lagarde: Jointly shaping Europe’s tomorrow Introductory remarks by Christine Lagarde, President of the ECB, at the Franco-German Parliamentary Assembly, 21 September 2020
- 20/09/2020
- Luis de Guindos: Interview with La RazónInterview with Luis de Guindos, Vice-President of the ECB, conducted by Jesús Rivasés on 14 September 2020
- 18/09/2020
- Isabel Schnabel: Unequal scars – distributional consequences of the pandemicSpeech 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 2020
- 17/09/2020
- ECB’s Governing Council says that exceptional circumstances justify leverage ratio relief
- 16/09/2020
- Isabel Schnabel: Interview with Agence France-Presse (AFP)Interview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Jean-Philippe Lacour
- 15/09/2020
- Fabio Panetta: Healing after the pandemic: supporting and sustaining the recoverySpeech by Fabio Panetta, Member of the Executive Board of the ECB, at the 24th Economist Roundtable with the Government of Greece
- 13/09/2020
- Christine Lagarde: Remarks at the Annual Meeting of the Council of Governors of the Arab Central Banks and Monetary AuthoritiesContribution by Christine Lagarde, President of the ECB during the session “Economic, financial and monetary impact of COVID-19 pandemic, and post-crisis options for policies and tools”
- 11/09/2020
- Yves Mersch: Supervisory action in times of crisis and the limits of the ECB’s prudential mandate Introductory statement by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Eurofi Financial Forum in Berlin
- 11/09/2020
- Working paper no. 2466: Macroeconomic risks across the globe due to the Spanish Flu
- 11/09/2020
- Working paper no. 2465: The great lockdown: pandemic response policies and bank lending conditions
- 11/09/2020
- Isabel Schnabel: The shadow of fiscal dominance: Misconceptions, perceptions and perspectives Speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Centre for European Reform and the Eurofi Financial Forum on “Is the current ECB monetary policy doing more harm than good and what are the alternatives?”
- 10/09/2020
- Christine Lagarde, Luis de Guindos: Introductory statement to the press conference (with Q&A)Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 10 September 2020EnglishOTHER LANGUAGES (22) +
- 10/09/2020
- Monetary policy decisionsEnglishOTHER LANGUAGES (22) +
- 02/09/2020
- Luis de Guindos, Fabio Panetta, Isabel Schnabel: Europe needs a fully fledged capital markets union – now more than everBlog post by Luis de Guindos, Vice-President of the ECB, and Fabio Panetta and Isabel Schnabel, Members of the Executive Board of the ECB
Summary
The coronavirus crisis makes progress on capital markets union even more important, write Luis de Guindos, Fabio Panetta and Isabel Schnabel. In the light of the European Commission’s forthcoming Action Plan, they outline priority areas for reform to foster European capital markets.
- 28/08/2020
- ECB extends euro liquidity lines with two central banks
- 27/08/2020
- Philip R. Lane: Interview with CNBCInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Steve Liesman on 27 August 2020 and broadcast on 27 August 2020
- 27/08/2020
- Philip R. Lane: The pandemic emergency: the three challenges for the ECBSpeech by Philip R. Lane, Member of the Executive Board of the ECB, at the Jackson Hole Economic Policy Symposium, Federal Reserve Bank of Kansas City “Navigating the Decade Ahead: Implications for Monetary Policy”
- 26/08/2020
- Working paper no. 2461: How to estimate a VAR after March 2020
- 19/08/2020
- Fabio Panetta, Isabel Schnabel: The provision of euro liquidity through the ECB’s swap and repo operationsBlog post by Fabio Panetta and Isabel Schnabel, Members of the Executive Board of the ECB
Summary
The ECB’s swap and repo lines are essential stabilising tools in the coronavirus crisis. In a joint Blog post, Executive Board members Fabio Panetta and Isabel Schnabel explain how these tools reduce funding risks, prevent financial contagion and support the euro’s use in global transactions.
- 18/08/2020
- ECB and Central Bank of the Republic of San Marino set up repo line to provide euro liquidity
- 18/08/2020
- ECB and National Bank of the Republic of North Macedonia set up repo line to provide euro liquidity
- 04/08/2020
- Philip R. Lane: The macroeconomic impact of the pandemic and the policy responseBlog post by Philip R. Lane, Member of the Executive Board of the ECB
Summary
While there has been some rebound in economic activity, the level of economic slack remains extraordinarily high and the outlook highly uncertain, writes Chief Economist Philip R. Lane. Progress in containing the virus will be central in determining the size and speed of the recovery.
- 31/07/2020
- Christine Lagarde: Interview with Le Courrier CauchoisInterview with Christine Lagarde, conducted by Dominique Lecoq and Marc Aubault on 29 July and published on 31 July
- 27/07/2020
- The great trade collapse of 2020 and the amplification role of global value chainsEconomic Bulletin Issue 5, 2020
- 27/07/2020
- Fabio Panetta: Interview with La RepubblicaInterview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Tonia Mastrobuoni and published on 27 July 2020
- 26/07/2020
- Luis de Guindos: Interview with El IndependienteInterview with Luis de Guindos, Vice-President of the ECB, conducted by Casimiro García Abadillo on 21 July 2020 and published on 26 July 2020
- 23/07/2020
- Christine Lagarde: Europe’s response to the crisisBlog post by Christine Lagarde, President of the ECB
Summary
Learning the lessons of the past, Europe has moved towards a new model for dealing with crises, writes President Christine Lagarde in The ECB Blog. We have shown that we can act quickly, adapt our institutions and lay the groundwork for forging a new Europe.
- 23/07/2020
- ECB and Magyar Nemzeti Bank set up repo line to provide euro liquidity
- 23/07/2020
- Christine Lagarde: Interview with The Washington PostVideo interview with Christine Lagarde, President of the ECB, conducted live by David Ignatius on 22 July 2020
- 22/07/2020
- Luis de Guindos: Building the Financial System of the 21st CenturySpeech by Luis de Guindos, Vice-President of the ECB, at the 18th annual symposium on “Building the Financial System of the 21st Century: an Agenda for Europe and the United States” organised by the Program on International Financial Systems and Harvard Law School (by videoconference)
- 21/07/2020
- Isabel Schnabel: Interview with ExpansiónInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Andrés Stumpf on 16 July and published on 21 July 2020
- 17/07/2020
- ECB and National Bank of Serbia set up repo line to provide euro liquidity
- 17/07/2020
- ECB and Bank of Albania set up repo line to provide euro liquidity
- 17/07/2020
- Isabel Schnabel: Never waste a crisis: COVID-19, climate change and monetary policySpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at a virtual roundtable on “Sustainable Crisis Responses in Europe” organised by the INSPIRE research network, 17 July 2020
- 17/07/2020
- Results of the Q3 2020 ECB Survey of Professional Forecasters
- 16/07/2020
- Christine Lagarde, Luis de Guindos: Introductory statement to the press conference (with Q&A)Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 16 July 2020EnglishOTHER LANGUAGES (22) +
- 16/07/2020
- Monetary policy decisionsEnglishOTHER LANGUAGES (22) +
- 13/07/2020
- Isabel Schnabel: Interview with ARD “plusminus”Transcript of an interview with Isabel Schnabel, Member of the Executive Board of the ECB, with ARD “plusminus”, conducted by Markus Gürne on 8 July 2020
- 13/07/2020
- Fabio Panetta: Pursuing a successful path towards euro area accessionIntroductory remarks by Fabio Panetta, Member of the Executive Board of the ECB, at a meeting of the Euro Accession Countries Working Group of the Committee on Economic and Monetary Affairs of the European Parliament
- 08/07/2020
- Christine Lagarde: Interview with Financial TimesVideo interview with Christine Lagarde, President of the ECB, conducted by Roula Khalaf on 7 July 2020 and posted on 8 July 2020
- 07/07/2020
- Fabio Panetta: Unleashing the euro’s untapped potential at global levelIntroductory remarks by Fabio Panetta, Member of the Executive Board of the ECB, Meeting with Members of the European Parliament
- 02/07/2020
- Isabel Schnabel: The ECB’s monetary policy during the coronavirus crisis – necessary, suitable and proportionatePresentation by Isabel Schnabel, Member of the Executive Board of the ECB, at the Berlin Economic Roundtable, 2 July 2020
- 01/07/2020
- Philip R. Lane: Interview with Reuters news agencyInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Balázs Korányi, Francesco Canepa and Frank Siebelt
- 01/07/2020
- Fabio Panetta: The price of uncertainty and uncertainty about prices: monetary policy in the post-COVID-19 economy Keynote speech by Fabio Panetta at a Capital Markets webinar organised by the European Investment Bank and the European Stability Mechanism
- 01/07/2020
- Luis de Guindos: Interview with La StampaInterview with Luis de Guindos, Vice-President of the ECB, conducted by Marco Zatterin on 26 June 2020 and published on 1 July 2020
- 29/06/2020
- Working paper no. 2431: ECB-BASIR: a primer on the macroeconomic implications of the Covid-19 pandemic
- 28/06/2020
- Isabel Schnabel: Necessary, suitable and proportionateBlog post by Isabel Schnabel, Member of the Executive Board of the ECB, in Welt am Sonntag
Summary
Our crisis measures respond to the worst economic crisis in the post-war period, says Executive Board member Isabel Schnabel. They are necessary, suitable and proportionate and benefit all European citizens.
- 27/06/2020
- Isabel Schnabel: The ECB’s monetary policy during the coronavirus crisis – necessary, suitable and proportionateSpeech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Petersberger Sommerdialog, 27 June 2020
- 25/06/2020
- Yves Mersch: The World Economy TransformedRemarks by Yves Mersch, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Reinventing Bretton Woods Committee Webinar Series
- 25/06/2020
- Isabel Schnabel: The ECB's policy response to the COVID-19 crisisInformal welcome remarks by Isabel Schnabel, Member of the Executive Board of the ECB, at the Bond Market Contact Group
- 25/06/2020
- New Eurosystem repo facility to provide euro liquidity to non-euro area central banks
- 24/06/2020
- Philip R. Lane: The ECB’s monetary policy response to the pandemic: liquidity, stabilisation and supporting the recoverySpeech by Philip R. Lane, Member of the Executive Board of the ECB, at the Financial Center Breakfast Webinar organised by Frankfurt Main Finance
- 22/06/2020
- Philip R. Lane: Understanding the pandemic emergency purchase programmePresentation by Philip R. Lane, Member of the Executive Board of the ECB, at the Princeton BCF Covid-19 Webinar Series
- 22/06/2020
- Philip R. Lane: The market stabilisation role of the pandemic emergency purchase programmeBlog post by Philip R. Lane, Member of the Executive Board of the ECB
Summary
Evidence shows that the policies adopted by the ECB in mid-March, including the pandemic emergency purchase programme (PEPP) and other liquidity-easing measures, have contributed to stabilising markets, writes Chief Economist Philip R. Lane.
- 22/06/2020
- Luis de Guindos: Financial stability and the pandemic crisisSpeech by Luis de Guindos, Vice-President of the ECB, at the Frankfurt Finance Summit
- 22/06/2020
- Luis de Guindos: Interview with Der SpiegelInterview with Luis de Guindos, Vice-President of the ECB, conducted by Tim Bartz and Stefan Kaiser on 15 June and published on 22 June 2020
- 19/06/2020
- US dollar liquidity-providing operations from 1 July 2020
- 19/06/2020
- Research bulletin no. 72: Global Weakness Index – reading the economy’s vital signs during the COVID-19 crisis
- 17/06/2020
- Impact of the COVID-19 lockdown on trade in travel servicesEconomic Bulletin Issue 4, 2020
- 17/06/2020
- Short-time work schemes and their effects on wages and disposable incomeEconomic Bulletin Issue 4, 2020
- 17/06/2020
- The COVID-19 pandemic and access to finance for small and medium-sized enterprises: evidence from survey dataEconomic Bulletin Issue 4, 2020
- 17/06/2020
- Coronavirus (COVID-19): market fear as implied by options pricesEconomic Bulletin Issue 4, 2020
- 16/06/2020
- Fabio Panetta: Interview with Le MondeInterview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Eric Albert, and published on 16 June 2020
- 14/06/2020
- Luis de Guindos: Interview with ABCInterview with Luis de Guindos, Vice-President of the ECB, conducted by María Jesús Pérez on 9 June 2020 and published on 14 June 2020
- 13/06/2020
- Christine Lagarde: The path out of uncertaintyRemarks by Christine Lagarde, President of the ECB, via videoconference at the inaugural session of the Italian National Consultation
- 12/06/2020
- Fabio Panetta: Sharing and strengthening the euro’s privilege Blog post by Fabio Panetta, Member of the Executive Board of the ECB
Summary
The goals of boosting the euro’s global standing and sharing its advantages more evenly are one and the same, writes Executive Board member Fabio Panetta. Through the right mix of European fiscal and monetary policy, we can build a better functioning Monetary Union that achieves both of these goals.
- 11/06/2020
- Philip R. Lane: Interview with Il Sole 24 OreInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Isabella Bufacchi on 8 June
- 10/06/2020
- Luis de Guindos: Euro area: economic outlook and financial stability during the pandemic crisisRemarks by Luis de Guindos, Vice-President of the ECB at the Institute of International and European Affairs, Dublin, (by video conference)
- 10/06/2020
- Isabel Schnabel: The ECB’s policy in the COVID-19 crisis – a medium-term perspectiveRemarks by Isabel Schnabel, Member of the Executive Board of the ECB, at an online seminar hosted by the Florence School of Banking & Finance
- 09/06/2020
- Isabel Schnabel: Q&A on TwitterInterview on Twitter with Isabel Schnabel, Member of the Executive Board of the ECB, conducted and published on 9 June 2020
- 08/06/2020
- Christine Lagarde: Hearing at the Committee on Economic and Monetary Affairs of the European ParliamentIntroductory statement by Christine Lagarde, President of the ECB, at the ECON committee of the European Parliament (by videoconference)
- 05/06/2020
- Fabio Panetta: Interview with Radio anch’io, Rai Radio 1 Interview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Giorgio Zanchini on 5 June 2020
- 05/06/2020
- Christine Lagarde: Interview with France 2Interview with Christine Lagarde, President of the ECB, conducted by Léa Salamé and Thomas Sotto on 4 June 2020
- 05/06/2020
- ECB and National Bank of Romania set up repo line to provide euro liquidity
- 05/06/2020
- Philip R. Lane: Expanding the pandemic emergency purchase programmeBlog post by Philip R. Lane, Member of the Executive Board of the ECB
Summary
Two main factors called for further policy action, writes Chief Economist Philip R. Lane. First, the pandemic-related negative shock to inflation poses a threat to medium-term price stability. Second, while conditions in financial markets have stabilised substantially, the situation remains fragile.
- 04/06/2020
- Christine Lagarde, Luis de Guindos: Introductory statement to the press conference (with Q&A)Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 4 June 2020EnglishOTHER LANGUAGES (22) +
- 04/06/2020
- Monetary policy decisionsEnglishOTHER LANGUAGES (22) +
- 27/05/2020
- Research bulletin no. 71: COVID-19 and non-performing loans: lessons from past crises
- 27/05/2020
- Isabel Schnabel: Interview with Financial TimesInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Martin Arnold on 25 May and published on 27 May 2020
- 26/05/2020
- Pandemic increases risks to financial stability
- 19/05/2020
- Philip R. Lane: Pandemic central banking: the monetary stance, market stabilisation and liquidityRemarks by Philip R. Lane, Member of the Executive Board of the ECB, at the Institute for Monetary and Financial Stability Policy Webinar, 19 May 2020
- 18/05/2020
- Christine Lagarde: Interview with Les Echos, Corriere della Sera, Handelsblatt and El Mundo Interview with Christine Lagarde, President of the ECB, conducted by Dominique Seux, Federico Fubini, Thomas Hanke and Carlos Segovia, published on 18 May 2020
- 18/05/2020
- Philip R. Lane: Interview with El PaísInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Luis Doncel on 11 May 2020 and published on 18 May 2020
- 14/05/2020
- Inflation measurement in times of economic distressEconomic Bulletin Issue 3, 2020
- 14/05/2020
- Fabio Panetta: Interview with Der StandardInterview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Andras Szigetvari on 6 May and published on 14 May 2020
- 12/05/2020
- Philip R. Lane: Interview with the TelegraafInterview with Philip R. Lane, Member of the Executive Board of the ECB, conducted by Dorinde Meuzelaar and Martin Visser on 8 May 2020 and published on 12 May 2020
- 12/05/2020
- Disentangling aggregate and sectoral shocksEconomic Bulletin Issue 3, 2020
- 12/05/2020
- The fall in manufacturing and services activity in the euro area: foreign versus domestic shocksEconomic Bulletin Issue 3, 2020
- 11/05/2020
- Isabel Schnabel: Interview with La RepubblicaInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Tonia Mastrobuoni and published on 11 May 2020
- 08/05/2020
- Christine Lagarde: Opening remarks at the EUI’s State of the Union eventOpening remarks by Christine Lagarde, President of the ECB, at the Online Edition of The State of the Union conference organised by the European University Institute
- 08/05/2020
- Survey on the Access to Finance of Enterprises: Small businesses report challenging outlook for their access to external financing due to COVID-19
- 07/05/2020
- Luis de Guindos: Presentation of the ECB Annual Report 2019 to the Committee on Economic and Monetary Affairs of the European Parliament (by videoconference)Introductory remarks by Luis de Guindos, Vice-President of the ECB
- 04/05/2020
- Results of the Q2 2020 ECB Survey of Professional Forecasters
- 01/05/2020
- Philip R. Lane: The monetary policy response to the pandemic emergencyBlog post by Philip R. Lane, Member of the Executive Board of the ECB
Summary
In an ECB Blog post, Chief Economist Philip R. Lane discusses the macroeconomic scenarios developed by ECB staff to illustrate the possible impact of the pandemic. He also explains current monetary policy and outlines the approach to setting the future course of monetary policy.
- 01/05/2020
- Alternative scenarios for the impact of the COVID-19 pandemic on economic activity in the euro areaEconomic Bulletin Issue 3, 2020
- 30/04/2020
- ECB announces new pandemic emergency longer-term refinancing operations
- 30/04/2020
- ECB recalibrates targeted lending operations to further support real economy
- 30/04/2020
- Christine Lagarde, Luis de Guindos: Introductory statement to the press conference (with Q&A)Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 30 April 2020EnglishOTHER LANGUAGES (22) +
- 30/04/2020
- Monetary policy decisionsEnglishOTHER LANGUAGES (22) +
- 28/04/2020
- Fabio Panetta: Beyond monetary policy – protecting the continuity and safety of payments during the coronavirus crisisBlog post by Fabio Panetta, Member of the Executive Board of the ECB
Summary
The ECB is working to protect the continuity and safety of payments during the coronavirus pandemic, writes Executive Board member Fabio Panetta in The ECB Blog. Europeans can trust in our commitment to support them throughout this crisis.
- 22/04/2020
- ECB takes steps to mitigate impact of possible rating downgrades on collateral availability
- 22/04/2020
- ECB and Bulgarian National Bank set up swap line to provide euro liquidity
- 22/04/2020
- Luis de Guindos, Isabel Schnabel: Improving funding conditions for the real economy during the COVID-19 crisis: the ECB’s collateral easing measuresBlog post by Luis de Guindos, Vice-President of the ECB, and Isabel Schnabel, Member of the Executive Board of the ECB
Summary
The ECB’s collateral easing package ensures that banks retain access to central bank liquidity at favourable terms, explain Vice-President Luis de Guindos and Executive Board member Isabel Schnabel. Improved collateral availability helps banks to continue lending to the real economy.
- 21/04/2020
- Fabio Panetta: Why we all need a joint European fiscal responseContribution by Fabio Panetta, Member of the Executive Board, European Central Bank, published by Politico on 21 April 2020
- 18/04/2020
- Luis de Guindos: Interview with ExpressoInterview with Luis de Guindos, Vice-President of the ECB, conducted by João Silvestre on 15 April 2020
- 16/04/2020
- Christine Lagarde: IMFC StatementStatement by Christine Lagarde, President of the ECB, at the forty-first meeting of the International Monetary and Financial Committee
- 16/04/2020
- Isabel Schnabel: The ECB’s response to the COVID-19 pandemicRemarks by Isabel Schnabel, Member of the Executive Board of the ECB, at a 24-Hour Global Webinar co-organised by the SAFE Policy Center on “The COVID-19 Crisis and Its Aftermath: Corporate Governance Implications and Policy Challenges”
- 15/04/2020
- ECB and Hrvatska narodna banka set up swap line to provide euro liquidity
- 15/04/2020
- ECB supports macroprudential policy actions taken in response to coronavirus outbreak
- 15/04/2020
- ECB communication to reporting agents on the collection of statistical information in the context of COVID-19
- 12/04/2020
- Luis de Guindos: Interview with La VanguardiaInterview with Luis de Guindos, Vice-President of the ECB, conducted by Manel Pérez and published on 12 April 2020
- 09/04/2020
- Christine Lagarde: Interview with France InterInterview with Christine Lagarde, President of the ECB, conducted by Ali Baddou and Carine Bécard on 9 April 2020
- 09/04/2020
- Christine Lagarde: How the ECB is helping firms and householdsBlog post by Christine Lagarde, President of the ECB
Summary
Our response to coronavirus is designed to reach the firms and families facing a steep loss of income and rising anxiety about the future, writes President Christine Lagarde. She adds that full alignment of fiscal and monetary policies is the best way to protect productive capacity and employment.
EnglishOTHER LANGUAGES (15) + - 08/04/2020
- Christine Lagarde: Interview with Le ParisienInterview with Christine Lagarde, President of the ECB, conducted by Matthieu Pelloli and published on 9 April 2020
- 07/04/2020
- ECB announces package of temporary collateral easing measures
- 04/04/2020
- Isabel Schnabel: Interview with To VimaInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Angelos Athanasopoulos and published on 4 April 2020
- 03/04/2020
- Luis de Guindos, Isabel Schnabel: The ECB’s commercial paper purchases: A targeted response to the economic disturbances caused by COVID-19Blog post by Luis de Guindos, Vice-President of the ECB, and Isabel Schnabel, Member of the Executive Board of the ECB
Summary
Commercial paper purchases are key for monetary policy transmission to the real economy, explain Vice-President Luis de Guindos and Executive Board member Isabel Schnabel in The ECB Blog. They ease financing conditions for firms and help them manage short-term funding needs.
- 30/03/2020
- Luis de Guindos: Interview with Cadena COPEInterview with Luis de Guindos, Vice-President of the ECB, conducted by Carlos Herrera on 30 March 2020
- 24/03/2020
- Working paper no. 2381: Real-time weakness of the global economy: a first assessment of the coronavirus crisis
- 21/03/2020
- Isabel Schnabel: Interview with Frankfurter Allgemeine SonntagszeitungInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Patrick Bernau and Dennis Kremer
- 20/03/2020
- Luis de Guindos: Interview with Telediario 2, Televisión EspañolaInterview with Luis de Guindos, Vice-President of the ECB, conducted by Carlos Franganillo on 19 March 2020
- 20/03/2020
- Coordinated central bank action to further enhance the provision of US dollar liquidity
- 20/03/2020
- ECB and Danmarks Nationalbank reactivate swap line to provide euro liquidity
- 19/03/2020
- Christine Lagarde: Our response to the coronavirus emergency
Summary
We are committed to playing our role in supporting every citizen of the euro area through this extremely challenging time, President Christine Lagarde writes in The ECB Blog. Our temporary pandemic emergency purchase programme is designed to address the unprecedented situation our monetary union faces.
EnglishOTHER LANGUAGES (13) + - 19/03/2020
- Fabio Panetta: Interview with TG1Interview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Gennaro Pellino on 19 March 2020
- 18/03/2020
- ECB announces €750 billion Pandemic Emergency Purchase Programme (PEPP)
- 18/03/2020
- Luis de Guindos: Interview with Radio NacionalInterview with Luis de Guindos, Vice-President of the ECB, conducted by Iñigo Alfonso on 18 March 2020
- 18/03/2020
- ECB statement
- 15/03/2020
- Coordinated central bank action to enhance the provision of global US dollar liquidity
- 15/03/2020
- Fabio Panetta: Interview with Corriere della SeraInterview with Fabio Panetta, Member of the Executive Board of the ECB, conducted by Daniele Manca on 14 March 2020 and published on 15 March 2020
- 13/03/2020
- Philip R. Lane: The Monetary Policy Package: An Analytical Frameworkby Philip R. Lane, Member of the Executive Board of the ECB
Summary
We will not tolerate any risks to the smooth transmission of our monetary policy in all jurisdictions of the euro area, Executive Board member Philip R. Lane writes in the inaugural post of The ECB Blog. The post explains the analytical framework underlying the March monetary policy measures.
- 12/03/2020
- ECB announces easing of conditions for targeted longer-term refinancing operations (TLTRO III)
- 12/03/2020
- ECB announces measures to support bank liquidity conditions and money market activity
- 12/03/2020
- Christine Lagarde, Luis de Guindos: Introductory statement to the press conference (with Q&A)Christine Lagarde, President of the ECB, Luis de Guindos, Vice-President of the ECB, Frankfurt am Main, 12 March 2020EnglishOTHER LANGUAGES (22) +
- 12/03/2020
- ECB Banking Supervision provides temporary capital and operational relief in reaction to coronavirus
- 09/03/2020
- Statement from the ECB
- 04/03/2020
- ECB announces operational precautions linked to coronavirus
- 02/03/2020
- Statement by the President of the ECB
- 11/02/2020
- Isabel Schnabel: Interview with Die WeltInterview with Isabel Schnabel, Member of the Executive Board of the ECB, conducted by Anja Ettel and Holger Zschäpitz on 10 February 2020, published on 11 February 2020
- 10/02/2020
- Luis de Guindos: Interview with ExpansiónInterview with Luis de Guindos, Vice-President of the ECB, conducted by Andrés Stumpf on 6 February 2020 and published on 10 February 2020
- 03/02/2020
- Luis de Guindos: Interview with ERT TV (Hellenic Broadcasting Corporation)Interview with Luis de Guindos, Vice-President of the ECB, conducted by Rallou Alexopoulou on 3 February 2020 and broadcast (in part) on 3 February 2020
- 24/01/2020
- Results of the Q1 2020 ECB Survey of Professional Forecasters