European Central Bank (ECB)
ECB's TARGET Annual Report 2007
In 2007, use of TARGET, a large-value payment system in the euro area, surged in terms of both volume and value of transactions business, the annual report on the system states.
ECB Annual Report 2007
The third enlargement of the euro area, which took place on 1 January 2008 when Cyprus and Malta adopted the single currency, occurred in a smooth and efficient manner, Jean-Claude Trichet, the president of the central bank said in his introduction to…
ECB comments push euro to fresh high
The euro surpassed the $1.60 mark for the first time in its history after European Central Bank (ECB) officials said they would act to contain rising inflation.
Europe set for slowdown: IMF
The International Monetary Fund (IMF) expects the oft-repeated maxim that "if the US economy sneezes, the rest of the world catches a cold" will hold as far as Europe is concerned.
Buba's Weber paves way for rate hike
Axel Weber, the president of the Bundesbank, has said that the European Central Bank (ECB) must "act with determination" if the recent rise in inflation begins to impact wage settlements.
ECB Monthly Bulletin - April 2008
The latest edition of the European Central Bank's Monthly Bulletin argues that recent movements in bond markets that appear to indicate a pick up in euro-area inflation expectations, are misleading.
Trichet on the euro's success
A high level of central bank credibility has ensured that the creation of the euro has been a success story, Jean-Claude Trichet, the president of the European Central Bank (ECB), said.
Old Lady could relax collateral rules
The Bank of England may swap mortgage-backed securities for government bonds to ease tensions in sterling money markets.
Zoellick urges action on rise in food costs
Robert Zoellick, the president of the World Bank, has called on governments to act on surging food prices now.
G7 backs FSF recommendations
Central bank governors and finance ministers from seven of the world's leading economies have welcomed the Financial Stability Forum's (FSF) regulatory response to the credit crunch and are set to implement several of its recommendations by the end of…
Eurozone must avoid price spiral: France's Noyer
Christian Noyer, the governor of Banque de France, warned policymakers that the current wave of above-target inflation must not lead to a price and wage spiral.
Trichet indicates rates to remain at 4%
Jean-Claude Trichet, the president of the European Central Bank (ECB), signalled that the Governing Council will leave rates unchanged for the foreseeable future despite mounting evidence that the credit crunch could severely impact the real economy.
ECB's Bini Smaghi: sharp easing a dangerous game
Excessive rate reduction can weaken prices of domestic assets, potentially destabilising markets, said Lorenzo Bini Smaghi, a member of the executive board of the European Central Bank.
Supervisory information essential - ECB's Mersch
It is of utmost importance that a central bank has access to supervisory information, said Yves Mersch, the governor of the Central Bank of Luxembourg and a member of the European Central Bank's Governing Council.
ECB's Stark calls for structural reforms
Flexibility in wages and prices plays a pivotal role in helping the EU adjust to adverse shocks, said Jurgen Stark, a member of the executive board of the European Central Bank.
Auction shows massive demand for ECB cash
The European Central Bank's (ECB) first-ever auction of six-month loans was more than four times oversubscribed, indicating the high level of tension in the region's money markets.
ECB in a quandary as inflation rises sharply
The European Union's statistics office said on Monday 31 March that consumer price inflation accelerated to 3.5% this month from 3.2% in February, the biggest rise since June 1992, further exacerbating the European Central Bank's (ECB) monetary policy…
Deutsche Bank dismisses ECB conflict concerns
Deutsche Bank's chief economist sees no serious conflict between the European Central Bank's price stability objectives and its lender-of-last-resort function.
Economy not policy accounts for differences: King
The marked contrast in the responses of the Federal Reserve, the Bank of England and the European Central Bank to the credit crunch is down to divergences in the economic conditions facing each central bank rather than policy stances, Mervyn King, the…
ECB's Trichet calls for culture of transparency
Jean-Claude Trichet, the president of the European Central Bank, urged global financial regulators to create a more transparent and less cyclical economic order in the wake of the subprime crisis.
The euro and Latin America
Lorenzo Bini Smaghi, a member of the executive board of the European Central Bank, offered five lessons that can be learned from economic and monetary union in a recent speech in Brazil.
Bank's extra cash to stay in system until April
The Bank of England said on Thursday 20 March that it would carry over the emergency £5 billion ($10 billion) injection made on Monday until just before its next rate-setting meeting.
Pension plans could limit Greek independence: ECB
The European Central Bank (ECB) has spoken out against the plans to reform Greece's pension system, which sparked a strike at the country's central bank earlier this month.
Markets getting better at guessing rate moves
Financial markets have increasingly been able to correctly predict monetary policy decisions for a number of large central banks, research published by the European Central Bank notes.