European Central Bank (ECB)
Nobel prize winner calls for central bank autonomy
The joint winner of the 2004 Nobel economics prize, Finn Kydland, called on governments Monday 11 October to guarantee central bank independence and praised the European Central Bank, while criticising Latin American policy makers.
ECB press conference with questions and answers
At the ECB's press conference on Thursday 7 October, following its decision to leave eurozone interest rates unchanged, Jean-Claude Trichet said the ECB's Governing Council is convinced that substantial improvements in the implementation of the Stability…
ECB's Issing on European economic outlook
In a speech on 'Outlook for the European Economy' given on 3 October, Otmar Issing of the ECB said he sees no indication of lasting inflation even after rising oil costs pushed the inflation rate above the bank's 2 percent limit in the past five months.
ECB's Trichet on key issues for monetary policy
In a speech on 'Key issues for monetary policy: an ECB view' given on 5 October, Jean-Claude Trichet of the ECB said his understanding is that the European Central Bank and Federal Reserve are much closer than is sometimes underlined. But he noted…
Padoa-Schioppa on challenges of market building
In a speech on 'The European Union and the Russian Federation: Challenges of market building' given on 28 September, Tommaso Padoa-Schioppa of the ECB said the Bank of Russia and the Eurosystem have entered into a dialogue on the whole range of central…
ECB's Issing on strengthening economic governance
In a speech given on 28 September, Otmar Issing of the ECB defended the Eurozone's Stability and Growth Pact, saying it was "appropriate in its present form".
Trichet on current issues on the ECB and the euro
In a speech on 'Current issues on the European Central Bank and the euro' given on 27 September, Jean-Claude Trichet of the ECB said the ECB has never overreacted to economic data and developments, and has therefore ensured that the euro zone economy is…
Trichet on prospects for the European economy
In a speech on 'European economy: current state and prospects' given on 23 September, Jean-Claude Trichet of the ECB said in the absence of fiscal discipline, price stability can only be maintained at a higher cost in terms of interest rates.
Trichet on International Financial Architecture
In a speech on the transformation of the International Financial Architecture given on 20 September, Jean-Claude Trichet of the ECB said we have already done a lot of research in the understanding of this new global financial system. We understand why…
ECB's Tumpel-Gugerell on card payments
In a speech on 'Card payments and the European financial integration' given on 21 September, Gertrude Tumpel-Gugerell of the ECB said beyond its role of facilitator, the ECB intends to strengthen its oversight policy in the area of retail payment systems…
ECB's Trichet on European identity
In a speech 'European identity' given on 10 September Jean-Claude Trichet of the ECB said he appreciates Vincent Van Gogh enormously: his painting, his aspirations and his huge artistic talent. There is no better illustration of Europe's deep-rooted…
ECB Monthly Bulletin, September 2004
The European Central Bank published its September 2004 Monthly Bulletin on Thursday 9 September, saying that "strong vigilance" is needed to ensure that inflation slows below 2 percent next year as an economic recovery in the eurozone strengthens and oil…
Tumpel-Gugerell on the Single Euro Payments Area
In the speech 'Time to act: clear objectives and a convincing roadmap for the Single Euro Payments Area' given on 6 September, Gertrude Tumpel-Gugerell of the ECB said to achieve the Single Euro Payments Area, it's best for the European Payments Council…
EU budget plans would hurt ECB policy, says Buba
The Bundesbank said that the European Commission's intention to relax budget rules would damage the European Central Bank's ability to set interest rates in the eurozone, according to Bloomberg, which quoted an email.
Papademos at the Euro Banknote Design Exhibition
In a speech at the Opening of the Euro Banknote Design Exhibition given on 11 August, Lucas Papademos of the ECB said our common currency, the euro, whose creation has inspired the many attractive designs that are on display here, also stands for a…
Poll thinks ECB unlikely to increase rates
A recent poll of economists showed that there are strong expectations that the ECB will not raise interest rates until the first half of 2005, waiting for proof of a pickup in consumer demand which would protect against a global slowdown.
ECB study finds inflation targets do work
A recently published working paper by the European Central Bank investigates the impact of inflation targeting, and concludes that explicit inflation targets do have a significant effect on inflation expectations and persistence.
ECB's Guy Quaden says no rate rise
In an interview with L'Echo on 12 August, Guy Quaden offered reassurances that the ECB had no plans to raise interest rates in the immediate future.
News Analysis: Euro cash in demand
Nick Carver reports on the sharp rise in euro banknotes in circulation.
Review of Monetary Policy Implementation: Theory, Past, and Present
A new book explains the role of the three main instruments of monetary policy implementation.
OECD sees growth threat from eurozone deficits
The OECD warned on Tuesday 27 July in its latest survey of the eurozone that high deficits, such as those faced by France and Germany, are the eurozone's biggest economic problem.
ECB's Weber: No inflation pressure in medium-term
The European Central Bank "does not currently see inflationary pressures in the medium term" in the 12-country eurozone, Bundesbank President Axel Weber said in a newspaper interview published on Thursday 22 July.
Chirac calls on ECB to consider Europe's growth
The European Central Bank should not limit its role to controlling inflation and should review its mission so that it can take into consideration Europe's growth, French President Jacques Chirac said on Wednesday 14 July .
Trichet: The current state of the European economy
In a speech on 'The current state of the European economy and the ECB's monetary policy concept' given on 9 July, Jean-Claude Trichet of the ECB said it has only been possible to achieve low levels of market interest rates in the eurozone because of the…