European Central Bank (ECB)
Changeover to euro not to create hidden pressure
EUROPE - The changeover to the euro should not create hidden inflationary pressures or VAT increase, President of the European Parliament Economic and Monetary Affairs Committee, Christa Randzio-Plath, said, referring to European Central Bank (ECB)…
German wise man eyes lower GDP, ECB rates
GERMANY - Bert Ruerup, one of the German government's five economic advisers or "wise men", cut his forecast on 23 August for German growth in 2001 and said the way was clear for the European Central Bank to cut interest rates.
Juncker takes hard line on ECB reform
GERMANY - Luxembourg Prime Minister Jean-Claude Juncker was quoted on 22 August as saying a future reform of the European Central Bank's Governing Council should retain the principle of the equality of euro zone countries.
Federal Reserve Research
RESEARCH - International Finance Discussion Papers, An Empirical Comparison of Bundesbank and ECB Monetary Policy Rules by Jon Faust; John Rogers; and Jonathan H. Wright, August 2001.
German wise man says ECB need not follow Fed cut
GERMANY - Horst Siebert, a senior adviser to the German government, said on 21 August the European Central Bank did not need to follow the widely expected U.S. interest rate cut by trimming euro zone rates.
An anxious countdown to new euro cash
BELGIUM - BELGIUM - In two weeks, thousands of armoured trucks will fan out across Europe to start supplying banks with crisp bills and shiny coins denominated in euros, the single continental currency that will replace the German mark, the French franc…
Ex-Buba chief Poehl slams ECB communication policy
GERMANY - Former Bundesbank President Karl Otto Poehl was quoted on 14 August as saying the communication policy of the European Central Bank was clumsy and inflexible.
EU candidates must join ERM on way to euro-Noyer
GERMANY - European Central Bank Vice President Christian Noyer said on 13 August countries seeking to join the single European currency must first keep their currencies loosely aligned with the euro for two years.
French drop hope of replacing Duisenberg
GERMANY - France is apparently abandoning its hopes of replacing Dutch European Central Bank President Wim Duisenberg with a French president in 2002, when half of his eight-year term will be up, reports Der Spiegel.
ECB Monthly Bulletin August 2001
REPORT - The European Central Bank has published its Monthly Bulletin for August. In the report the bank voiced concerns about the risks to growth in the eurozone, indicating for the first time that its forecasts for the year might be too optimistic.
E-day countdown - ECB ad campaign to roll 1 Sept
GERMANY - European Central Bank chiefs begin their annual break this week knowing that when they return from their holidays the push to make the euro a reality in the lives of millions of Europeans must begin in earnest.
ECB press release - Interest rates unchanged
EUROPE - The European Central Bank has left all its key interest rates unchanged following its governing council meeting this morning.
ECB estimates new reserve target at 127 bn euros
GERMANY - The European Central Bank said on 27 June its estimated reserve requirement for the current maintenance period was 127.0 billion euros.
O'Neill believes ECB is not fully independent
US - U.S. Treasury Secretary Paul O'Neill said on 23 July that the European Central Bank is not totally independent from the views of the most influential member states of the euro zone.
ECB leaves interest rates unchanged
GERMANY - The European Central Bank (ECB) left eurozone interest rates unchanged, despite evidence of an economic slowdown.
Europe and the New Economy
SPEECH - Eugenio Domingo Solans, Executive Board Member of the European Central Bank gave a speech on 9 July. The speech was titled 'Europe and the New Economy'. The speech is in Spanish.
The Information Campaign - Euro 2002
SPEECH - Wim Duisenberg, President of the European Central Bank gave a speech titled 'The Information Campaign - Euro 2002' in Paris on 10 July. The speech is in French.
ECB Press Release - Euro frontloading
EUROPE - The European Central Bank issued a press release 5 July titled Frontloading of euro banknotes to central banks outside the euro area.
ECB Press Conference
EUROPE - Introductory statement Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank, Frankfurt am Main, 5 July, with a transcript of the questions and answers.
European interest rates held steady
EUROPE - The European Central Bank (ECB) has left eurozone interest rates unchanged for the second month in a row. Their main refinancing rate remains at 4.5%.
EU assembly repeat call for ECB to publish minutes
EUROPE - The European Parliament approved a resolution on 4 July backing the European Central Bank's 2000 annual report and repeating its call for the publication of ECB minutes, officials said.
Interest rate decisions due
EUROPE - The European Central Bank and the Bank of England will both, separately, make their latest interest rate decisions tomorrow, 5 July. Neither is expected to cut rates further.
'Jury' returns vote of confidence in central bank
EUROPE - Morgan Stanley Dean Witter, the US investment bank, recently held a conference at which the main attraction was a mock trial of the European Central Bank, as reported in the FT London.
Presentation of the ECB's Annual Report 2000
SPEECH - Introductory statement delivered by Dr. Willem F. Duisenberg, President of the European Central Bank to the European Parliament, Strasbourg, 3 July 2001.