European Central Bank (ECB)
Central bank net gold sales fell 80% in 2009
Slowdown in European sales and India's purchase from IMF lead net sales to slump to 41 tonnes says research body
Skrzypek warns Poland against adopting the euro in final remarks
An article written by late president of the National Bank of Poland Slawomir Skrzypek warns against a premature euro entry, his death on Saturday may have implications on the central bank's stance on the single currency
Money market integration biggest casualty of crunch: ECB
ECB’s financial integration report says areas in which most integration was achieved took the hardest hit, but recovery is following similar pattern
Bini Smaghi: monetary policy should not be burdened with additional objectives
Lorenzo Smaghi says lax policy may have contributed to the crisis, but inflation targeting should remain core objective
Greek woes worsen as Fitch downgrades and capital flees
Fitch knocks two notches off rating; No solution over what will be done to help country’s banks facing capital flight
ECB: German bonds the European safe-haven
ECB paper shows investors sought refuge in German bonds as crisis struck
Trichet: fixing public finances precursor to price stability
Jean-Claude Trichet calls for member states to put public finances in order
Ireland’s bad bank worse than expected
Details of the National Asset Management Agency spook markets as commentators worry over whether the agency is structurally sound, Anglo Irish bailout under spotlight
Trichet: credit agencies essential
In reply to a question from MEP Nikolaos Chountis, Jean-Claude Trichet highlights the importance of rating agencies
ECB: financial distress levels higher in Northern European countries
ECB paper finds financial distress is dependent on the relative indebtedness of households and mortgage market size
$500 billion reserve drain made crisis worse: IMF’s Ferhani
Deputy director says IMF research shows central bank reserve managers withdrew $500 billion from deposits at commercial banks during crisis
ECB in about-turn on collateral rules
Move reflects concern over Greece; Trichet says graded haircut system set to be introduced
Central banks should oversee systemic risk
CentralBanking.com poll shows majority of respondents think central banks together with government bodies should be responsible for monitoring systemic risk
Merkel and central bankers clash over Greek fix
Bundesbank shows reluctance to back Merkel; ECB president Trichet pushes for European rescue fund to aid beleaguered eurozone members
Extra-euro trade growth tops intra-euro trade
Latest trade consistency exercise shows that Extra-euro dominates intra-euro growth in the last decade.
King sees “room for improvement” in Bank’s communication
Bank of England governor Mervyn King defends the central bank’s fan charts, which have drawn criticism, but says it can still refine the communication of its forecasts
ECB’s Stark contests IMF paper
Jürgen Stark argues that an inflation target at the 4% level would do more harm than good
ECB to assist Bosnia’s bid for EU accession
European Central Bank will help Bosnian central bank improve key areas such as statistics and research to prepare for the country’s accession to the European Union
ECB’s Stark: global economy is heading for lost decade
Jürgen Stark says failure to learn from the crisis would result in anaemic global growth for the next ten years
ECB: current rates remain appropriate
The latest information from the European Central Bank confirms that the economic recovery in the euro area is on track but is likely to remain uneven
Trichet keeps open mind on European Fund
European Central Bank president Jean-Claude Trichet says more details must emerge before making a firm decision for or against a European monetary fund
ECB names new statistics head
European Central Bank says Aurel Schubert of the Austrian central bank will be the new chief of its statistics directorate
ECB surplus drops more than 16%
European Central Bank reports a €2.218 billion surplus, and a €2.25 billion profit, pinning fall in interest income to low rates on dollar assets
Austria’s Nowotny: power of rating agencies unacceptable
National Bank of Austria’s Ewald Nowotny says agencies’ role in fate of Greece too great