European Central Bank (ECB)
ECB buys another €10 billion in government debt
Analysts split on whether second round of purchases with German ban on naked short spooks European markets
Foreign holdings of US Treasuries fall for second straight week
Data show holdings of US Treasuries by foreign central banks with accounts at the Federal Reserve declined for a second successive week; use of swap lines lower than expected
ECB's Trichet: ESRB will deliver macroprudential oversight
European Central Bank president Jean-Claude Trichet outlines role of European Systemic Risk Board in supervisory framework
Trichet lays first stone at ECB’s new HQ
ECB president marks the start of building work at a ceremony in Frankfurt
Italy amends laws on capital gains to ease sovereign debt pressure
New laws imposed on capital losses by the Bank of Italy signals continued fragility in European markets
Bond vote highlights flaws in ECB’s governance: Ex-FSA head Davies
Former head of UK Financial Services Authority Howard Davies says vote on bond purchases underlines flaws in European Central Bank’s one member, one vote policy
Values of Target2 transactions slide by a fifth
European Central Bank blames economic slowdown for decline in turnover; volume of transactions also dips
Bini Smaghi defends ECB policy to dump rating agencies
ECB board member Lorenzo Bini Smaghi attacks rating agencies for role in Greek debt crisis
Buba’s Weber interested in price-level targeting
Bundesbank president Axel Weber says move to price-level targeting could help anchor inflation expectations
Trichet reaches out to German public
European Central Bank chief Jean-Claude Trichet participates in several interviews with German media to assuage fears over the central bank’s entry into bond markets
Follow the money
Monetary aggregates are set for a comeback in central banking, but as indicators of financial instability, not inflation. Claire Jones reports
Emerging Europe keen on euro despite Greek debt woe
Central and Eastern European countries remain drawn to the single currency despite Greek troubles
ECB Monthly Bulletin (May)
European Central Bank explains unprecedented bond purchases
NY Fed: foreign exchange swap lines smoothed disruptions in overseas markets
A New York Federal Reserve review shows swap lines enhanced the ability of central banks to provide dollar funding
Czech fury at ECB negative capital view
Czech central bank objects to ECB's denigration of negative capital in its Convergence Report
King throws weight behind new government's cuts
Bank of England governor Mervyn King says incoming coalition government's plans to cut UK expenditure by $9 billion in 2010 have eased downside risks to growth
ECB will not sell eurozone bonds: Stark
European Central Bank rate-setter Jürgen Stark says eurozone bonds will be held to maturity, rebuts suggestion that central bank was leant on by governments to buy debt
ECB’s Tumpel-Gugerell defends fair-value accounting
Gertrude Tumpel-Gugerell says fair-value accounting standards must be upheld despite amplifying crisis
Cracks emerge over ECB’s bond purchases
Bundesbank head and ECB leadership candidate Axel Weber criticises central bank’s entry into bond markets, analysts disagree on whether intervention justified
Europe gambles to save currency union
Markets surge as European Central Bank changes course and commits to buying government bonds, move comes as eurozone and IMF unveil trillion-dollar support package
Philly Fed's Plosser: Fed acted on contagion fear
Philadelphia Federal Reserve's Charles Plosser says swap lines were re-opened on concern over impact of eurozone debt crisis on US banks
Trichet plays down 'nuclear option' to end Greece crisis
ECB president Jean-Claude Trichet says option for outright purchase of government bonds is not on table
European rating agency could break the hold of 'big three': Barnier
European commissioner Michel Barnier moots a continental ratings agency to introduce diversity, comments follow criticism of ratings agencies from European finance minister
ECB breaks equal-treatment pledge and accepts Greek junk bonds
European Central Bank suspends minimum credit rating on Greek government debt, breaking its commitment to universal collateral rules