European Central Bank (ECB)
DSK praises central banks
The European Central Bank (ECB) and the US Federal Reserve received plaudits from Dominique Strauss-Kahn, the managing director of the International Monetary Fund, on Monday 17 March.
China's peg harms economy
China's exchange-rate regime, which pegs the renminbi to the dollar, exacts high welfare costs from different sectors of the economy and poses long-term risks to financial stability, claims a new paper published by the European Central Bank.
Central banks announce second joint effort
The Federal Reserve will accept banks' mortgage-backed securities as part of a raft of liquidity measures announced by five of the world's most powerful monetary authorities on Tuesday 11 March.
Rapid deterioration led Fed to go it alone: Kohn
The deterioration in money markets was so rapid that the Federal Reserve last Friday did not have time to coordinate a joint announcement of liquidity measures with other central banks in the same way as last December and which had such a favourable…
Trichet notes exchange-rate instability fears
Jean-Claude Trichet, the president of the European Central Bank (ECB), has acknowledged that he is concerned about exchange rate volatility given the current value of the euro.
Inflation fall driven by policy not globalisation
Globalisation is not the main factor in dampening inflationary pressures, as commonly suggested, argued Axel Weber, the president of the Bundesbank.
Good luck not the cause of Great Moderation
The so-called "Great Moderation" in output growth and inflation in OECD countries over the last 20 years is not simply down to good luck, a European Central Bank paper detects.
New insights on monetary policy
Monetary policy can, contrary to received wisdom, be forward looking without compromising stabilisation, finds a new European Central Bank paper.
Near-term cut unlikely as ECB takes neutral tone
Jean-Claude Trichet, the president of the European Central Bank (ECB), signalled that the governing council is unlikely to back a rate cut in the coming months.
ECB reveals executive board salaries
In keeping with their inflation-fighting mandate, senior staff at the ECB gave themselves a 2% pay rise last year.
EU's Barroso notes concern over euro's strength
Jose Manuel Barroso, the president of the European Commission, has acknowledged that the euro is now worryingly strong.
Interbank rates creep up in Europe
Money market tensions are showing signs of re-emergence, with interbank rates hitting levels not seen since mid-January for euro and sterling borrowing.
Strauss-Kahn complains of "overly powerful" ECB
Dominique Strauss-Kahn, the managing director of the International Monetary Fund, has said that the lack of a political counterweight for the European Central Bank (ECB) has made the institution too powerful.
Credit crunch – phase two
The credit crisis that started in August last year has moved into a destabilising second phase, with equity markets and the real economy looking increasingly shaky. This section analyses central banks’ response to the long-running crisis
A match made in heaven?
Terry Beadle explains why the increasingly popular application service provider approach to IT fits central banks like a glove
Interview: Charles Goodhart
Claire Jones spoke with the former Bank of England policymaker about the co-ordinated liquidity interventions and the move towards aggressive policy easing by the Fed
News analysis: Forced into action
Claire Jones, the editor of Central Bank News, analyses how uncertainty threatened to cripple the interbank market and called for a unique response from the central banks
Czech deputy counters interference claims
Miroslav Singer, a vice-governor at the Czech National Bank (CNB), has rebuffed claims that the Vaclav Klaus, the country's president, is compromising the institution's independence.
EU building and consumer sectors most sensitive
The eurozone's construction and consumer sectors are typically the most sensitive to shocks in GDP and inflation variables, states a new European Central Bank paper.
Stability requires public-private coordination
The close cooperation of policymakers and market participants is essential for achieving sustainable growth and preserving stability, said Lucas Papademos, the vice president of the European Central Bank.
Markets underestimate ECB's inflation fears
Bets on interest rate decisions fail to take into account the seriousness of the inflation situation in the eurozone, said Axel Weber, the president of the Bundesbank who also sits on the European Central Bank's (ECB) governing council.
Number of euro counterfeits rise
The number of counterfeited euro banknotes in the second half of 2007 shows an increase when compared to the two preceding half-year periods.
Laurels for ECB from Germany's Merkel
The German chancellor, Angela Merkel, has praised the European Central Bank's (ECB) "very outstanding role" in dealing with the world financial crisis.
Garganas highlights credit market uncertainty
Nicholas Garganas, the governor of the Bank of Greece, acknowledged that the economic impact of credit market developments may be larger than expected.