Speech by Sabine Lautenschläger, Member of the Executive Board of the ECB, at the European Association of Co-operative Banks, Berlin, 14 June 2019.
Today the ECB published the letters from EB President Mario Draghi to several MEPs on monetary policy.
The annual growth rate of the outstanding amount of debt securities issued by euro area residents was 2.3% in April 2019, compared with 2.4% in March. For the outstanding amount of listed shares issued by euro area residents, the annual growth rate decreased from 0.4% in March 2019 to 0.0% in April.
The euro’s international role strengthened in 2018 and early 2019 reversing a declining trend in recent years. This was one of the principal findings in the latest annual report on The international role of the euro, published today by the European Central Bank (ECB).
Mr Bindseil’s appointment will be effective on 1 November 2019.
Working Paper Series No 2289 / June 2019
Working Paper Series No 2288 / June 2019
The Governing Council of the European Central Bank (ECB) today decided on key parameters of the new series of targeted longer-term refinancing operations (TLTRO III), including the interest rates that will be charged. The quarterly operations, first announced in March, will help preserve favourable bank lending conditions and support the accommodative stance of monetary policy. They will start in September 2019 and end in March 2021, and have a maturity of two years each.
The composite cost-of-borrowing indicators for new loans to corporations and for new loans to households for house purchase remained broadly unchanged in April 2019, at 1.62% and 1.75%, respectively. In the same month, the euro area composite interest rate for new deposits from corporations and for new deposits from households also remained broadly unchanged at 0.11% and 0.37%, respectively.