European Central Bank (ECB)
ECB's Bini Smaghi: IMF risks becoming secretariat
European Central Bank (ECB) board member Lorenzo Bini Smaghi said the International Monetary Fund needs to give the ECB and eurozone stronger representation, according to an interview by the Financial Times.
Issing praises German deficit efforts
In an interview to be published Thursday 30 March European Central Bank chief economist Otmar Issing welcomed efforts by the German government to tackle the country's budget deficit.
ECB paper on the effects of EMU
The ECB Working Paper "What effects is EMU having on the euro area and its member countries? An overview" published March 2006, addresses the effects of the European Economic and Monetary Union (EMU) since the introduction of the euro -- on economic and…
ECB's Issing on the euro
In the speech 'The euro - a currency without a state' given on 24 March Otmar Issing of the ECB said the application of the revised EU stability pact rules to Germany will be the key test of whether the new pact is being applied rigorously.
Trichet praises ECB's courage on rates
European Central Bank president Jean-Claude Trichet said the ECB's "courageous" decision to maintain a low level of interest rates in recent years has meant a more marked slowdown in eurozone growth has been prevented and helped economic recovery.
Leading Sepa expert joins Voca from ECB
Voca, the provider of payment services to banks and corporates, announced on Wednesday 22 March that it has appointed Erik Mansson as Director of European Business Development.
Establishing credibility at the ECB
The IIIS Discussion Paper "Establishing credibility: Evolving perceptions of the European Central Bank" looks at the first years of the ECB to consider whether, and how, central bank credibility evolves.
Ireland's Hurley on monetary policy
In the speech 'Monetary policy and prospects for the European economy' given on 9 March (published 16 March) John Hurley of the Central Bank & Financial Services Authority of Ireland said the European Central Bank is ready to act as needed to keep down…
ECB's Gonzalez-Paramo on monetary policy
In the speech 'Uncertainty and gradualism in monetary policy' given on 17 March Jose Manuel Gonzalez-Paramo of the ECB said hard data currently available indicates that the euro zone is growing at a rate higher to that forecast by the Bank in December.
Bundesbank's Meister defends Polish regulator
Germany's central bank has criticised Poland's plans to reform its financial regulator, saying the move would isolate the country.
Trichet says no foregone decision on rates
Jean-Claude Trichet, president of the European Central Bank, said on Monday 20 March that its governing council had not already decided to continue with a series of monthly rate increases.
ECB's Liebscher sees strong stable growth
Growth in the euro zone remains stable and strong even after the European Central Bank's interest rate hike, ECB Governing Council member Klaus Liebscher said in an interview published on Wednesday 15 March.
BoJ's Iwata says price goal will anchor inflation
Bank of Japan deputy governor Kazumasa Iwata said on Friday 17 March that the central bank's decision to set a medium-term inflation goal of 0-2 pct will help anchor inflation expectations and lower risk premia on Japanese securities.
ECB's Bini Smaghi on financial market supervision
In the speech 'Independence and accountability of supervision in the european financial market' given on 9 March Lorenzo Bini Smaghi of the ECB said the increasing European financial integration poses difficult challenges for the institutional…
Trichet says euro zone growth around 2%
European Central Bank president Jean-Claude Trichet said in an interview to be published Thursday 16 March that survey data suggests the euro zone economy will grow at its potential rate of around 2 pct.
Excess liquidity clinches case for ECB rate rises
According to this recent article, several factors, including a lack of dissenting voices on the ECB Governing Council, have persuaded financial markets in recent days that the ECB is heading faster than previously expected toward an interest rate of 3…
Monetary policy: a journey from theory to practice
The European Central Bank is holding a colloquium in honour of Otmar Issing in Frankfurt am Main, 16 - 17 March 2006. Contributors include Mervyn King, Donald Kohn, Lars Svensson and Allan Meltzer.
Trichet praises BoJ's communication
The Bank of Japan's communication with financial markets was "very, very good," European Central Bank President Jean-Claude Trichet said Monday 13 March. He also said independence was of "extreme importance" for the National Bank of Poland.
ECB Monthly Bulletin, March 2006
The European Central Bank published its March 2006 Monthly Bulletin on Thursday. In the report the ECB said the decline of the euro and relatively low interest rates contributed to the strong performance of euro zone stock markets last year.
Liebscher says EU integration must not be hampered
National Bank of Austria governor Klaus Liebscher said in an interview that EU integration must not be hampered by protectionist measures to fight cross-border mergers in some countries.
Comment: Has the ECB become more credible?
A recent New York Fed staff paper finds that market perceptions of the ECB's "inflation aversion" have improved significantly over the last six years, reflecting the idea that monetary policy has been guided by a dedication to price stability.
ECB warns on further Asian reserves build-up
The ECB said in a paper published Wednesday 8 March that a further build-up of foreign exchange reserves in Asia could lead to problems such as inflation pressures and asset price bubbles.
Evolving perceptions of the European Central Bank
The New York Fed Staff Report "Establishing credibility: evolving perceptions of the European Central Bank" says the perceptions of a central bank's inflation aversion may reflect institutional structure or, more dynamically, the history of its policy…
ECB publication of an enhanced 'Blue Book'
The European Central Bank on Monday 6 March published a statistical addendum to the publication "Payment and securities settlement systems in the European Union and in the acceding countries" (known as the "Blue Book") incorporating 2004 data.