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European Central Bank (ECB)

ECB sees upturn but slower CPI decline

GERMANY - The European Central Bank on Thursday maintained its assessment that the euro zone economy was recovering but said high oil prices could lead to slightly higher inflation than predicted earlier this year.

Wim's wait

FEATURE - The European Central Bank is extending its "wait and see" policy from interest rates to the equally delicate matter of high-level appointments, reported Friday's FT in London.

Speech by Otmar Issing of the ECB, 26 Mar

SPEECH - Issing said in a speech titled 'The role of monetary policy in managing economic risks' that he did not currently see any threats to the inflation outlook in the euro zone, but said on balance the risks are to the upside.

Speech by Sirkka Hamalainen of the ECB, 26 Mar

SPEECH - Hamalainen gave a speech on Tuesday titled 'Implementing monetary policy in the euro area'. In the speech she said that short term deviations in the euro zone inflation rate from the bank's two percent inflation ceiling were perfectly acceptable.

ECB gold reserves - EUR55M

GERMANY - The Eurosystem's net reserves in gold and gold receivables declined EUR55 million to EUR126.8 billion in the week ended 22 March, the European Central Bank said Tuesday.

Another month of agony for ECB hopeful Trichet

FRANCE - Bank of France chief Jean-Claude Trichet will have to wait until the end of April to know whether French state prosecutors want him tried over a bank scandal that has hurt his hopes of becoming European Central Bank president reports Reuters.

Transparency doesn't mean full disclosure

GERMANY - Central bank transparency doesn't mean communicating the exact timing and scope of changes in monetary policy to markets, according to European Central Bank executive board member Sirkka Haemaelaeinen.

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