European Central Bank (ECB)
ECB says 265,000 counterfeit euro notes detected
The European Central Bank said Friday 12 January a total of 265,000 counterfeit euro banknotes were removed from circulation during the second half of last year.
Trichet says 'very close monitoring' on price risk
European Central Bank president Jean-Claude Trichet told a press conference on Thursday 11 January that the ECB will act in a "firm and timely manner" to ensure price stability but did not reintroduce a commitment to exercise "vigilance" on inflation…
Germany's Steinbrueck defends ECB independence
Germany said Thursday 11 January it would not put up with any change in the independence of the European Central Bank.
ECB chief defends central bank independence
Speaking at the press conference following a meeting of the ECB's governing council, ECB president Jean-Claude Trichet said that it was up to all European Union states to ensure independence of their central banks.
Trichet expects similar global growth this year
Global economic growth this year may well be close to that of 2006, European Central Bank President Jean-Claude Trichet said Monday 8 January in Switzerland.
IMF's Rato says euro, Fed rates may have to rise
The European Central Bank and the U.S. Federal Reserve may have to raise interest rates once more to keep inflation in check, International Monetary Fund Managing Director Rodrigo Rato was quoted on Monday 8 January as saying.
Price rises seen in Slovenia after euro entry
The Slovenian Consumers' Association has warned that a wide range of price increases have been seen across the country, as business began trading in euros this week.
OECD says ECB rates still below neutral level
The OECD said Thursday 4 January European Central Bank interest rates are still below a 'neutral' level and continue to stimulate activity in the euro zone.
ECB member bank buys gold
The Daily Telegraph in London reported Wednesday 3 January that a member of the European Central Bank system had begun buying bullion, the first such purchase in years.
ECB's Liikanen sees inflation risks
European Central Bank Governing Council member, Erkki Liikanen, said there were still upside risks to inflation in the eurozone, Finnish national broadcaster YLE reported on Tuesday 2 January.
Bank of Slovenia joins Central Bank Gold Agreement
The central bank of Slovenia has joined the Central Bank Gold Agreement which limits gold sales by central banks, the European Central Bank said Friday 22 December.
Spain says ECB 'independent and professional'
Spanish economy minister Pedro Solbes told Reuters on Wednesday 20 December Spain supports the European Central Bank's policy and is in a different position to France.
ECB's Tumpel-Gugerell on TARGET2-Securities
In the speech 'TARGET2-Securities meeting with market participants' given on 18 December Gertrude Tumpel-Gugerell of the ECB said safe and efficient clearing and settlement systems are essential for the overall functioning of the financial market and for…
ECB's Trichet on the eurozone economy
In testimony to the European Parliament given on 20 December Jean-Claude Trichet of the ECB warned that eurozone inflation could rise and hover around 2 pct in both 2007 and 2008.
ECB Research Bulletin, December 2006
The European Central Bank launched a new regular publication on 20 December: the Research Bulletin. The edition includes an article on central bank communication by Michael Ehrmann.
Sharp FX moves not in global interest - Trichet
European Central Bank President Jean-Claude Trichet said on Wednesday 20 December that sharp and abrupt moves in currencies would not be in the interests of Europe, the US or the global economy.
ECB report on accounting standards
The European Central Bank (ECB) on 19 December published a report entitled "Assessment of accounting standards from a financial stability perspective" prepared by the ESCB Banking Supervision Committee.
Trichet on defensive over ECB political attacks
European Central Bank president Jean-Claude Trichet defended the ECB against attacks by French politicians in an interview published Monday 18 December, saying that it has a mandate from governments and voters which guarantees its independence from…
ECB's Stark says eurozone rates still low
European Central Bank (ECB) Chief Economist Juergen Stark said Thursday 14 December the bank's interest rate policy is still accommodative and noted that levels are low.
Buba's Weber says ECB won't bow to rate pressure
The European Central Bank will definitely not put off possible further rises in interest rates to avoid potential clashes with eurozone politicians, Bundesbank President Axel Weber said Friday 15 December in an interview with the Frankfurter Allgemeine…
ECB Monthly Bulletin, December 2006
The European Central Bank published its December 2006 Monthly Bulletin on Thursday 14 December. In the report the ECB said it will act decisively if necessary to keep inflation pressures in check.
Bank of France sees rebound in Q4
The French economy will bounce back in the last three months of 2006 after stalling in the third quarter, according to a Bank of France survey released on Wednesday 13 December.
'Still low' says Mersch on ECB rates
Luxembourg central bank governor Yves Mersch said Wednesday 13 December the European Central Bank's interest rates are "still low".
Papademos on the ECB's Financial Stability Review
In opening remarks to the ECB's Financial Stability Review press conference given on 11 December Lucas Papademos of the ECB said robust growth of credit to the euro area private sector could pose an upside risk to price stability.