Europe
ECB's Trichet on the success of the euro
In a speech given on 18 March Jean-Claude Trichet of the ECB stressed that the maintenance of price stability and financial integration are key successes of the Economic and Monetary Union as well as fundamentals conditions to enhance sustainable…
ECB statement on Stability and Growth Pact
The European Central Bank's Governing Council released a statement on Monday 21 March on the ECOFIN Council's report on Improving the implementation of the Stability and Growth Pact.
ECB's Noyer says euro not pressuring markets
Christian Noyer, governor of the Bank of France and member of the ECB's governing council, said at an international conference on Monday 21 March that the euro is not exerting any pressure on global financial markets in spite of its growing influence and…
Interview with ECB's Trichet
In an interview published on Wednesday 16 March, European Central Bank president Jean-Claude Trichet said the bank continues to see moderate economic growth in the eurozone during 2005, despite recent signs of "greater dynamism" in investments and…
ECB opinion on new Executive Board member
At a meeting on Friday 18 March, the Governing Council of the ECB adopted an opinion on a recommendation from the Council of the European Union on the appointment of a new member of the Executive Board of the ECB.
Stability pact showdown expected
A showdown may be in the offing regarding the EU's stability and growth pact. The EU summit in Brussels next week is expected to discuss reform of the 25-nation bloc's fiscal rules.
ECB book on statistics and economic policy-making
The European Central Bank published a book entitled "Statistics and their use for monetary and economic policy-making" on 11 March. The book contains the proceedings of the second ECB conference on statistics held in Frankfurt am Main on 22 and 23 April…
ECB's E-payments in Europe conference summary
The European Central Bank held a conference on "E-payments without frontiers" on 10 November 2004. A detailed summary of the event was published by the ECB on Tuesday 15 March, together with documentation of the individual presentations by speakers.
ECB's Tumpel-Gugerell on policies in the new EU
In a speech on 'Monetary and financial policies in the new integrated Union' given on 9 March, Gertrude Tumpel-Gugerell of the ECB pointed out that the success of fiscal adjustment and reform crucially hinges on political and public support.
Trichet sees continued relatively moderate growth
European Central Bank president Jean-Claude Trichet told the European Parliament on Monday 14 March that he expects continued moderate eurozone growth this year and next.
Net loss widens for ECB on euro
The European Central Bank published its annual accounts for 2004 on Monday 14 March, saying that its net loss more than tripled last year as the falling dollar lowered the value of the bank's foreign-currency holdings.
ECB's Trichet on European financial integration
In a speech on 'European financial integration: the view of the ECB' given on 10 March, Jean-Claude Trichet of the ECB said the ECB attaches the utmost importance to progress in European financial integration.
Bini Smaghi formally proposed to ECB board
Eurozone finance ministers on Tuesday 8 March formally proposed Lorenzo Bini Smaghi, a senior Italian economics official, as the next member of the European Central Bank's executive board.
Issing: ECB will act on money supply if necessary
European Central Bank chief economist Otmar Issing said in an interview that high liquidity in the eurozone has not yet proved a sufficient reason for the ECB to raise interest rates, but it will act if money supply growth starts to fuel inflation.
ECB Monthly Bulletin, March 2005
The European Central Bank published its March 2005 Monthly Bulletin on Thursday 10 March, saying that recent weakness in euro zone economic growth is likely to prove short-lived.
Stability pact talks making "good progress"
EU Finance Ministers called an emergency negotiating session in the early hours of Tuesday morning, 8 March, on the stability and growth pact rules after marathon talks broke up without an agreement.
ECB's Tumpel-Gugerell on collateral markets
In a speech on 'Integration and efficiency in collateral markets - a central bank perspective' given on 1 March, Gertrude Tumpel-Gugerell of the ECB said the introduction of the euro six years ago has accelerated the integration process in the euro area…
ECB cuts eurozone growth forecast
The ECB on Thursday 3 March lowered its forecasts for growth of the eurozone economy this year and next . At a press conference Jean-Claude Trichet also criticised the recent decision by the Ecofin council of European finance ministers to give Greece…
Publication of papers from ECB workshop
On 13 and 14 December 2004 the Directorate General Economics in co-operation with the Directorate General Research of the European Central Bank (ECB) held a workshop on "Monetary policy implications of heterogeneity in a currency area". The ECB published…
EU's Almunia confident on stability pact deal soon
The European Union commissioner for economic and monetary affairs, Joaquin Almunia, said on Wednesday 2 March that he was confident agreement would be reached "soon" on the Stability and Growth Pact.
ECB's Trichet on mon. policy stability
In a speech on 'Monetary policy and private expectations' given on 25 February, Jean-Claude Trichet of the ECB said a renewed fellowship between the academic community, the markets and central banks has allowed central banks to effectively deliver the…
Report on payment systems in accession countries
The European Central Bank published the latest addendum to the report entitled "Payment and securities settlement systems in the accession countries" (second edition) on Monday 28 February.
CGFS announces 4th central bank conference
It was announced on Wednesday 23 February that the European Central Bank in co-operation with the Bank of Japan and the Board of Governors of the Federal Reserve System, will host the fourth in a series of joint central bank research conferences on risk…
ECB's Caruana says inflation outlook favourable
European Central Bank governing council member Jaime Caruana said in a speech the eurozone's inflation outlook is relatively favourable and inflation should fall below 2 per cent in the coming months.