European Central Bank (ECB)
ECB urges independence of central banks
UK - For central and eastern European countries keen to enter the eurozone, the European Central Bank has a message: be patient, continue to pursue economic reforms and, at all costs, do not undermine the independence of your central banks.
Speech by T Padoa-Schioppa of the ECB, 21 Mar
SPEECH - In the speech titled 'Accession Countries on the Way to the Euro: A Central Banker's View' Padoa-Schioppa said a carefully chosen timeframe for euro adoption by new members after they join the EU would ensure that fighting inflation would not…
ECB net profit declines by 8.5% partly on US rates
GERMANY - The European Central Bank Thursday reported a net profit of 1.82 billion euros in 2001, down 8.5% from 1.99 billion euros the preceding year.
Spain's Rato sees two candidates to replace Noyer
SPAIN - Spanish Economy Minister Rodrigo Rato said on Thursday that there were only two candidates to replace European Central Bank vice-president Christian Noyer, and it seemed unlikely more would come forward.
European Parliament Press Release
PRESS RELEASE - ECB confident on recovery and on inflation soon falling below 2%, 20 March.
Issing, Euro 12 govts must speed up reform in 2002
BELGIUM - Euro-zone governments should take advantage of this year's economic recovery and speed up structural reforms shelved last year owing to the downturn, European Central Bank chief economist and executive board member Otmar Issing said Tuesday.
ECB job decision seen moving into April
SPAIN - The next vice president of the European Central Bank is likely to be picked in mid-April with still only two candidates in the race at the end of the first day of a European Union summit in Barcelona.
Greek has "good chance" of landing ECB job
SPAIN - Greece's candidate for the vice presidency of the European Central Bank appears to be gaining support, although European Union finance ministers still have about a month to make a final pick.
Speech by Wim Duisenberg, ECB President, 15 Mar
SPEECH - In the speech titled 'The introduction of the euro: a (critical) retrospect and a preview' Duisenberg said "we consider the current level of the key ECB interest rates appropriate to maintaining price stability over the medium term".
ECB start raising rates by autumn - Kiel institute
GERMANY - The Kiel Institute for the World Economy IfW, one of Germany's six leading economic research institutes, said on Thursday it expected the European Central Bank to start raising rates in autumn 2002 in response to strengthening euro zone…
Some E Europe states may need longer in ERM2-Noyer
UK - European Central Bank vice-president Christian Noyer reiterated on Friday it could be desirable for some eastern European accession states to remain in the European exchange rate mechanism (ERM-II) for longer than the minimum requirement of two…
Duisenberg sees inflation below 2 pct in May
NETHERLANDS - European Central Bank President Wim Duisenberg said on Friday he expected euro zone inflation to fall below its two percent tolerance ceiling in May 2002.
Speech by Eugenio Domingo Solans, ECB, 9 Mar
SPEECH - In the speech titled 'European financial integration and the international role of the euro' Solans said that the credibility of the ECB's monetary policy is demonstrated by the euro zone's low inflation.
ECB Monthly Bulletin March 2002
REPORT - The European Central Bank published its March 2002 Monthly Bulletin on 14 March.
ECB optimistic about euro zone upturn, inflation
GERMANY - The European Central Bank on Thursday again voiced confidence the euro zone economy had bottomed out and the region's growth should gradually return to full speed before the end of the year.
EU summit won't discuss ECB job - German source
GERMANY - A German government source said on Thursday he did not expect this week's European Union summit to discuss who should succeed European Central Bank Vice President Christian Noyer, although surprises were possible.
ECB's Noyer questions strong dlr after US tariffs
FRANCE - European Central Bank Vice President Christian Noyer on Wednesday said the U.S. dollar was over valued against the euro and suggested new U.S. steel tariffs were the latest evidence of this.
ECB Working Paper Series
RESEARCH - Non-standard central bank loss functions, skewed risks, and certainty equivalence, by Ali al-Nowaihi and Livio Stracca, March 2002.
Domingo Solans says ECB monetary policy credible
SPAIN - The credibility of the European Central Bank's (ECB) monetary policy is demonstrated by the euro zone's low inflation, ECB executive board member Eugenio Domingo Solans said on Saturday.
ECB gold reserves - EUR35M in week of 8 March
GERMANY - The Eurosystem's net reserves in gold and gold receivables declined by EUR35 million, to EUR126.8 billion, in the week ended 8 March, the European Central Bank said Tuesday.
ECB Issing says eurozone econ hit bottom in '01
FRANCE - Europe's economic slowdown hit bottom at the end of last year and growth should be back above 2% by the end of 2002, European Central Bank Chief Economist Otmar Issing says in an interview with Les Echos Tuesday.
Labour mismatches plague euro zone
GERMANY - Austria has too many construction workers and too few hairdressers. France suffers from an abundance of woodworkers but a shortage of nurses. These are some of the findings of an ECB report published today.
Central bankers forged together over steel tariffs
US - ECB president Wim Duisenberg and Federal Reserve chairman Alan Greenspan both spoke yesterday of their disagreement with the US government's decision to impose tariffs on steel. US treasury secretary Paul O'Neill, however, came out in favour of the…
New man taking over at head of Irish central bank
IRELAND - Irishman John Hurley becomes the newest member of the European Central Bank's governing council on Monday when he takes up the reins as governor of the Central Bank of Ireland.