European Central Bank (ECB)
ECB paper on globalisation and euro area trade
As a major player in world trade, the euro area is strongly influenced by globalisation, but is far from being a passive spectator, according to the ECB Occasional Paper "Globalisation and euro area trade - Interactions and challenges" published March…
Romania not rushing on euro entry - report
Romania will resist European Central Bank advice to bring forward its target date for adopting the euro, opting instead for a more cautious path towards the single currency, the Financial Times reported Friday 2 March, citing central bank governor Mugur…
ECB's Trichet on governance and convergence
In the speech 'Governance and convergence: the state of play in the euro area' given on 28 February Jean-Claude Trichet of the ECB said the bank's monetary policy must be credible in ensuring price stability.
Report says watchdog to probe ECB settlement plan
The European Central Bank's plans to establish an integrated securities settlement system in the euro zone will be examined by the region's competition watchdog, according to a report by the FT Thursday 1 February.
Bini Smaghi on the governance of the euro area
In the speech 'The governance of the euro area (eight years on)' given on 27 February Lorenzo Bini Smaghi of the ECB said eurozone finance ministers should exercise greater discipline in their comments on exchange rates.
ECB's Wellink says euro economy good, rates low
European Central Bank governing council member Nout Wellink said on Tuesday 27 February that eurozone interest rates were still low but oil prices are clouding the inflation outlook.
ECB's Stark continues to see inflation risks
European Central Bank board member Juergen Stark told Die Welt Wednesday 28 February that although eurozone inflation will probably slow this year, medium-term price developments remain a concern.
Buba's Weber signals ECB rate hikes
Bundesbank president Axel Weber signalled Wednesday 28 February in a speech that the European Central Bank was set to further raise its key interest rates, which are already at a five-year high point.
Garganas says price risks growing
European Central Bank council member Nicholas Garganas told Bloomberg in an interview that economic growth may prove stronger than the ECB forecasts and inflation risks are increasing.
ECB's Wellink criticises ABN AMRO break-up call
European Central Bank governing council member Nout Wellink said hedge fund TCI was going too far in calling for a break-up of Dutch bank ABN AMRO, Dutch daily NRC Handelsblad reported.
ECB chief says wage restraint remains 'important'
European Central Bank president Jean-Claude Trichet said in an interview published Monday 26 February wage restraint in Europe remains important.
Trichet calls for yuan, Asian FX rate appreciation
ECB president Jean-Claude Trichet said Friday 23 February that there should be an appreciation in China's yuan exchange rate and other Asian currencies that aren't free-floating.
ECB paper on emerging market economies
The ECB Working Paper "What drives business cycles and international trade in emerging market economies?" investigates the role of domestic and external factors in explaining business cycle and international trade developments in fifteen emerging market…
ECB's Tumpel-Gugerell still sees SEPA from Jan 08
European Central Bank board member Gertrude Tumpel-Gugerell said Tuesday 20 February the plan for a single euro payments area (SEPA) is still on track to begin operations from 1 Jan next year, despite disputes over organising cross-border operations.
Tumpel-Gugerell on tripartite protocol
In a speech given on 16 February Gertrude Tumpel-Gugerell of the ECB said over the next six months, the ECB and eight central banks will be working closely with the Central Bank of Bosnia and Herzegovina on a needs assessment programme funded by the…
ECB's Trichet on an increasingly globalised world
In the speech 'How can the European economy succeed in an increasingly globalised world?' given on 15 February Jean-Claude Trichet of the ECB said euro zone countries need to improve their cost competitiveness to benefit from globalisation.
ECB Monthly Bulletin, February 2007
The European Central Bank published its February 2007 Monthly Bulletin on Thursday 15 February. In the report the ECB said reiterated that it is exercising 'strong vigilance' on inflation risks.
ECB paper on market responses to policy decisions
The ECB Working Paper "Using intraday data to gauge financial market responses to Fed and ECB monetary policy decisions" examines bond and stock market volatility reactions in the euro area and the US following their respective economies' monetary policy…
Financial statistics for a global economy
The European Central Bank published Proceedings of the 3rd ECB conference on statistics, held 4 and 5 May 2006, on 15 February. The series of ECB conferences on statistics has become an important forum for multidisciplinary, forward-looking exchanges of…
ECB's Quaden says yen, yuan weak v euro
The Japanese yen and the Chinese yuan are undervalued against the euro, European Central Bank governing council member Guy Quaden said Thursday 15 February.
Malta may apply for euro accession in March
Malta will file its formal request for accession to the eurozone in the first two weeks of March, The Times of Malta reported Wednesday 14 February.
Weber sees inflation around 2 pct to end-2008
Bundesbank president Axel Weber said in an interview published Thursday 15 February he expects eurozone inflation to be around 2.0 pct between now and the end of 2008.
Tumpel-Gugerell on the ECB's view on SEPA
In the speech 'The European Central Bank's view on SEPA' given on 13 February Gertrude Tumpel-Gugerell of the ECB said the aim of SEPA is to complete the introduction of the euro as the single currency and to support European integration.
Zalm says French on their own over ECB
Outgoing Dutch finance minister Gerrit Zalm said in an interview published Wednesday 14 February that no other eurozone countries share France's wish for politicians to exercise more control over the European Central Bank.