European Central Bank (ECB)
ECB's Issing on the primacy of price stability
In a speech 'On the primacy of price stability' given on 10 June. Otmar Issing of the ECB said the primacy of price stability does not imply that this objective can be left to the central banks alone. Monetary policy needs to be complemented by a sound…
ECB Monthly Bulletin, June 2004
The European Central Bank published its June 2004 Monthly Bulletin on 10 June. The report said the recovery in euro area economic growth is expected to continue over the coming quarters, leading to a broader and stronger upswing in the course of next…
Smallest euro coins running short- Bundesbank
Germany's central bank said on Tuesday 8 June that Europeans are refusing to pay with the small copper-coloured euro coins and letting them lie unused at home, leading to shortages in several eurozone countries.
Trichet says ECB vigilant on oil
European Central Bank president Jean-Claude Trichet said the ECB has to be vigilant over the recent rise in oil prices, but is confident that inflation in the euro zone will be below 2 pct in 2005.
Trichet on financial stability & structural change
In a speech to the Second Conference of the Monetary Stability Foundation given on 3 June, Jean-Claude Trichet of the ECB said faced with new developments in the financial markets, namely, their increasingly large role and their integration across…
ECB decision on the rules applying to OLAF
Today, 3 June, the Governing Council of the European Central Bank (ECB) adopted a Decision (ECB/2004/11) on the terms and conditions for European Anti-Fraud Office (OLAF) investigations of the European Central Bank.
Trichet on Eurozone reforms and growth
In a speech on 'Structural reforms and growth, as highlighted by the Irish case' given on 31 May, Jean-Claude Trichet of the ECB said governments of the twelve euro countries could help boost consumer confidence by increasing efforts to cut their budget…
Issing on the euro and the Lisbon agenda
In a speech on 'The euro and the Lisbon agenda' given on 28 May, Otmar Issing of the ECB said structural reforms in eurozone countries would allow the ECB to avoid sharp interest rate changes in reaction to external shocks.
Trichet at the Bank of Russia Seminar
In a speech to the Joint Eurosystem - Bank of Russia Seminar, Helsinki given on 25 May Jean-Claude Trichet of the ECB said with this seminar we want to strengthen and broaden our dialogue on all central banking issues, taking account of developments not…
Exchanging views on central banking issues
At the opening on Tuesday 25 May of the Joint Eurosystem, Bank of Russia Seminar in Helsinki the participants were welcomed by Matti Louekoski, Acting Governor of the Bank of Finland. He stressed that the Russian Federation has been enjoying rapid…
Convergence report
Wayward deficits in the larger economies have forced a retreat from earlier dates for joining the euro. Analysis of central bank strategies, speeches and statistics suggest that Slovenia, Cyprus and the Baltic states will vie to be the first in.
Helsinki seminar on ESCB cooperation begins
Finland hosted the opening of a three-day seminar devoted to mechanisms of cooperation between the Russian Central Bank and the European System of Central Banks (ESCB) on Tuesday 24 May. Participants at the seminar will include the chairman of the…
Ethics adviser clears Bundesbank board
The Bundesbank's recently appointed ethics advisor said on Tuesday 18 May that there was no evidence that other board members had received unauthorised benefits.
Trichet on current challenges for the ECB
In a speech on 'Current challenges for the ECB: sustainable non-inflationary growth and financial stability' given on 13 May, Jean-Claude Trichet of the ECB said one of the major challenges that the ECB faces is the EU enlargement and the future entry of…
Padoa-Schioppa on European financial integration
In the panel session "Drivers of European Financial Integration - Markets or Policy?" at the ECB-CFS research network on 11 May Tommaso Padoa-Schioppa said the central bank of the euro has provided a fundamental contribution to the integration of…
ECB's Tumpel-Gugerell on five years of the euro
In a speech on 'Five Years of the Euro: Successes and New Challenges' given on 14 May, Gertrude Tumpel-Gugerell of the ECB said sharp swings in the foreign exchange value of the euro are having an impact on the eurozone economy.
Trichet on the international role of the euro
In a speech on 'The international role of the euro' given on 14 May, Jean-Claude Trichet of the ECB said the position on currency developments spelled out in the last two G-7 communiques in February and April remains valid.
ECB's Issing on asset prices and monetary policy
In the speech 'Financial Integration, Asset Prices and Monetary Policy' given on 10 May Otmar Issing of the ECB said other central banks have started to give greater weight to asset price developments. The RBNZ is a point in case he said. This release…
Tumpel-Gugerell: ECB role in financial integration
In the speech 'The Role of the ECB in Financial Integration' given on 11 May Gertrude Tumpel-Gugerell of the ECB said the euro area offers opportunities to share risk and to allocate capital more efficiently to investment opportunities across all…
Professor Issing gives Mais lecture
As usual, the Mais lecture given at the Cass Business school, this year given by Professor Otmar Issing, chief economist and executive board member of the ECB, was a very pleasant City/academic occasion.
Trichet on the current state of EU banking sector
In a speech on 'The current state of the EU banking sector' given on 5 May, Jean-Claude Trichet of the ECB said a number of challenges remain both for banks and authorities, in particular, in the structural domain. Several EU countries are still faced…
Weber officially takes over at Bundesbank
Economics professor Axel Weber was formally appointed on Friday 30 April to head the Bundesbank, following Ernst Welteke's recent resignation. He can therefore attend the next meeting of the European Central Bank in Helsinki next week.
Papademos on five years of the euro
In a speech on 'Five years of the euro: past achievements and future challenges' given on 27 April, Lucas Papademos of the ECB said today we mark "The Euro at Five". The accomplishments of those five years are already substantial, he said, and we are…