European Central Bank (ECB)
Comment: The ECB's 'structural flaw'
In a lecture at the London School of Economics this week, Charles Goodhart suggested that the criticism directed towards the ECB by politicians, is the result of a "structural flaw" in the way the central bank's inflation objective was defined.
ECB launches 'Legal Working Paper' series
The European Central Bank on Friday launched the publication of a Legal Working Paper series. The contributors to the Legal Working Paper series are lawyers from within the ECB, as well as lawyers who have otherwise contributed to the ECB's legal…
ECB's Trichet to visit Bulgaria on Monday
President of the European Central Bank Jean-Claude Trichet will visit Sofia on 27 February at the invitation of the Bulgarian Deputy Prime Minister and Foreign Minister Ivaylo Kalfin.
ECB's Tumpel-Gugerell on the Lisbon Agenda
In the speech 'The Lisbon Agenda - what can banks contribute?' given on 23 February Gertrude Tumpel-Gugerell of the ECB said the creation of a single eurozone payments area will not just reduce banks' revenues but will also cut their costs.
Trichet calls Stark a 'remarkable person'
European Central Bank President Jean-Claude Trichet described Bundesbank Vice President Juergen Stark as a remarkable candidate for the ECB's Executive Board on Monday 20 February .
ECB's Wellink sees 2% eurozone growth
Dutch central bank governor Nout Wellink told an audience in Toronto Monday that he was "mildly optimistic" for Europe's future and saw growth in the euro area in the next two years of about 2 per cent.
Towards a Single Euro Payments Area - 4th report
In its fourth progress report on the Single Euro Payments Area (SEPA), published Friday, the Governing Council of the ECB defined the final SEPA objectives.
Garganas says eurozone inflation risks increased
Greek central bank governor Nicholas Garganas said on Friday 17 February that since December's hike in eurozone interest rates, inflation pressures have increased, partly due to rising oil prices.
Buba's Weber says inflation risks remain
Bundesbank president Axel Weber told a conference on Monday 20 February that inflation risks still exist in the eurozone and a forward-looking monetary policy is needed to counter these risks at an early stage.
Trichet sees strengthening eurozone economy
European Central Bank President Jean-Claude Trichet said on Monday 20 February he sees economic activity in the eurozone strengthening. He warned, however, that risks to price stability have increased.
ECB's Gonzalez-Paramo on the National Accounts
In a speech on the measurement of economic phenomena, with special reference to the System of National Accounts given on 2 February Jose Manuel Gonzalez-Paramo of the ECB said undoubtedly, globalisation is proceeding at a rapid pace, and statisticians…
Buba's Remsperger sees medium term inflation risk
Bundesbank chief economist Hermann Remsperger said in an interview that inflationary risks for the euro zone remain high in the medium term.
Papademos on the euro area economy & emerging Asia
In the speech 'The euro area economy and emerging Asia - current issues and policy challenges' given on 10 February Lucas Papademos of the ECB said market expectations for an ECB rate hike next month are 'reasonable'.
BNB's Quaden sees rates as exceptional, temporary
Belgian National Bank governor Guy Quaden told a news conference on Thursday 17 February that the Eurozone's historically low interest rates "should be exceptional and temporary".
ECB is wrong to stamp on Europe's property boom
The ECB is wrong to be complaining about house prices, according to this article published Wednesday 15 February. You can't target anything unless you know what you are aiming at, it says.
ECB paper: A new theory of forecasting
This ECB Working Paper argues that forecast estimators should minimise the loss function in a statistical, rather than deterministic, way.
Stark formally nominated for ECB job
Austrian finance minister Karl-Heinz Grasser said EU finance ministers formally nominated Bundesbank vice-president Juergen Stark as Otmar Issing's successor at the European Central Bank.
Former Polish minister against super regulator
In an interview for the Parkiet daily, the former head of the Polish Securities and Exchange Commission (KPWiG) and treasury minister in Marek Belka's government, Jacek Socha, assessed the Polish financial market as not mature enough to introduce…
Developing corporate bond markets in Asia
Thirty participants including high-level officials from central banks in Asia and the Pacific, the European Central Bank and the BIS took part in the BIS/PBC seminar held in Kunming, China on 17-18 November 2005.
ECB Monthly Bulletin, February 2006
The European Central Bank published its February 2006 Monthly Bulletin on Thursday. In the report the ECB said it sees tentative signs that the euro zone housing market is becoming overvalued following recent sharp price rises in some countries.
Euro group set to nominate Buba's Stark to ECB
Eurozone finance ministers are set to nominate Bundesbank vice-president Juergen Stark next week for the European Central Bank executive board post, an EU official told reporters Thursday 9 February.
Issing says ECB ready to act on inflation risks
European Central Bank Chief Economist Otmar Issing said the bank is not necessarily embarking on a predetermined course of raising interest rates successively but that it is ready to act to contain higher inflationary risks.
Translation backlogs could delay Basel II
Delays in translating new banking rules into the European Union's 20 official languages must not jeopardise the introduction of the changes, a senior banking regulator said on Wednesday, 8 February.
Trichet on the benefits of flexibility
In this speech given at the Institute of Economic Affairs in London on February 6, 2006, the president of the European Central Bank, Jean-Claude Trichet, outlined three main reasons why structural reforms across Europe need to speeded up.