While the ECB took note of the recent progress on inflation, President Lagarde refrained from declaring victory early, and highlighted the need to remain attentive to the different forces affecting inflation, and focused on bringing inflation back to target. Instead of providing strong guidance beyond...
On 7 December 2023 the General Council adopted Decision ECB/2023/36 on the paying-up of the European Central Bank’s capital by the non-euro area national central banks and repealing Decision (EU) 2020/136. The decisions will be published in due course in the Official Journal of the Europe...
Yet the macroeconomic outlook is uncertain and we cannot rule out a weak recovery with a significant build-up of bad loans. The European Central Bank estimates that in a severe but plausible scenario non-performing loans at euro area banks could reach €1.4tn, well above the levels of the ...
These included reducing policy rates to levels around the zero lower bound, targeted longer term refinancing operations for banks and large-scale asset purchases equivalent to “quantitative easing”,2 confirming the earlier forward guidance that monetary policy was expected to remain accommodative for ...
(0.20) 30 June 31 December 2019 2018 Change (percentage point) Non-performing loans ratio Provision coverage of impaired loan Capital adequacy ratio3 Tier 1 Capital adequacy ratio3 Core Tier 1 Capital adequacy ratio3 1.47 173.53 13.84 11.86 10.86 1.49 173.13 14.37 12.21 11.16 (0.02) 0.40 (0.53...