European Central Bank (ECB)
Cutting interest rates the best solution: ECB paper
A European Central Bank working paper argues that interest rate cuts and controlled inflation help adverse financial conditions, while simplistic interpretation of Taylor rule does not
ECB – Monthly Bulletin (December)
European Central Bank justifies decision to wind down crisis-fighting operations
Imbalances must be addressed: Trichet
ECB president Trichet points to imbalances in emerging Asian countries and stresses importance of Europe-wide and international cooperation on macroprudential supervision
SMEs are pulling through: ECB’s Tumpel-Gugerell
European Central Bank board member says small firms are the backbone of the euro economy and have done well in the crisis; outlines advantages of SEPA for SMEs
Former Fed economist calls for more stimulus
Ex-Federal Reserve official says focus must be on providing up to $6 trillion more monetary stimulus rather than exit strategies
Eurozone lending tightened in October
European Central Bank reports decrease in the growth of credit to the private sector
Real economy and fiscal credibility crucial: Trichet
ECB chief says financial sector must put the real economy at the centre of its objectives, while governments have to cut spending to keep credibility
Eurosystem continues to shed staff
Number of eurozone central bankers has fallen by almost 10% over past five years
Eurozone inflation turns positive
Official flash estimate puts November annual inflation at 0.6%; turns positive for first time since April
Europe to set Sepa migration regulation: Tumpel-Gugerell
European Central Bank’s Gertrude Tumpel-Gugerell says Sepa needs migration date
Finance and real economy closer since 1980s
European Central Bank looks at the role of financial markets in anticipating business cycle developments
ECB’s Bini Smaghi urges emerging Asia to hike rates
European Central Bank executive board member calls on region to recognise that it should be the first to tighten policy
ECB’s Tumpel-Gugerell: rushing euro adoption no fix
European Central Bank’s Gertrude Tumpel-Gugerell says Central and Eastern European countries must fulfil Maastricht criteria to adopt euro
Lisbon considering Constancio nomination for ECB VP
Senior lawmaker says other eurozone members receptive to the idea of Portugal’s governor succeeding Papademos next year
ECB’s Tumpel-Gugerell on dangers of all roads leading to Rome
Gertrude Tumpel-Gugerell, an ECB executive board member, says the work of the European Systemic Risk Board would be crucial in future approach to financial stability
ECB publishes inaugural payments oversight report
European Central Bank reports on robustness of payments systems to increase transparency and public understanding
European Central Bank – November Monthly Bulletin
ECB’s monthly report suggests eurozone inflation rates will inch back into positive territory towards the end of the year
ECB appoints new directors general
The ECB names new heads for information systems and human resources
Rate decisions this week
The majority of central banks that reviewed rates this week made no change, pointing to the need for a sustainable recovery
Negative interest rates for the euro area?
Recent Taylor rule studies have suggested the Fed should have negative interest rates. Janko Gorter, Jan Jacobs and Jakob de Haan investigate the same question for the euro area.
Bank compromises with £25 billion QE expansion
Bank of England rate-setters vote for moderate expansion of quantitative easing, citing conflicting economic pressures
Unconventional measures must remain – Buba’s Weber
Axel Weber says main liquidity-boosting measures must continue and be wound down only gradually
Euro-area credit standards show signs of easing
European Central Bank’s lending survey shows substantial decline in banks tightening their credit standards
Trichet rules out €30 banknote
ECB president Jean-Claude Trichet says the central bank will not issue a €30 bill after lawmaker’s request