Germany
Monetary policy must put inflation first: Weber
Monetary policy's primary role is to guarantee price stability, said Axel Weber, the president of the Bundesbank.
Dubai in regulatory pact with US
The Dubai Financial Services Authority (DFSA) has signed a memorandum of understanding with the United States banking supervisors. The Federal Reserve, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation and the…
Scale of subprime unknowable until 2008: Weber
Axel Weber, the president of the Bundesbank, said on Tuesday that the extent of the subprime crisis will remain unknown until at least the end of 2007.
EMU leads to bond-market convergence
Economic and monetary union in Europe has led to substantial convergence in euro-area sovereign bond markets, according to research published by the San Francisco Federal Reserve.
Sales remain within Gold Agreement Limit
Gold sales by the 16 signatories to the Central Bank Gold Agreement between 27 September 2006 and 26 September 2007 amounted to 475.75 tonnes, 24.25 tonnes shy of the 500 limit, the Bank for International Settlements said on Wednesday.
Target2: ready to go
Five years in the making, Europe's new large-value payments system, known as Target2, is ready to go live on 19 November.
German sovereign wealth rules "lean and liberal"
Germany's planned legislation to limit investment by sovereign wealth funds will allow foreign funds to buy banks, media companies and consumer industries, but not in the energy sector.
Germany is the ECB's biggest fan
Out of the five major Eurozone economies, it is Germany, the largest, that is most confident that the European Central Bank (ECB) fulfils its primary roles of managing inflation and encouraging growth.
Merkel defends ECB's independence
German Chancellor Angela Merkel implicitly criticised fellow head of government Nicolas Sarkozy of France when she said at an event to celebrate 50th anniversary of the Bundesbank that her government will block any attempts to exert political influence…
Sarkozy and Merkel call for more transparency
Nicolas Sarkozy, the French president, and Angela Merkel, the German chancellor, said on Monday that hedge funds and rating agencies must face greater scrutiny.
Bank-run claims "partially misleading": Bundesbank
The Bundesbank has said newspaper claims that Axel Weber, the president of the central bank, compared the current market turmoil to a classic bank run were "partially misleading".
Strauss-Kahn and Tosovsky vie for top IMF job
Dominique Strauss-Kahn, the former French finance minister, and Josef Tosovsky, the head of the Financial Stability Institute, are the only two candidates for the top job at the International Monetary Fund (IMF).
Bundesbank posts upbeat forecast
The Bundesbank has said that German economy has continued to grow, following a strong first quarter.
Happy birthday Buba!
Germany's central bank celebrates its 50th birthday today, with a commemorative €10 coin to be issued next week and a series of events is planned.
Trichet: no complacency on sub-prime markets
In an interview Jean-Claude Trichet, president of the European Central Bank, said he remained cautious of the crisis of the sub-prime market in the United States.
German confidence takes a dip
A survey of investors published yesterday by the ZEW Institute in Mannheim suggested that Germany's recovery might falter as the country feels the effect of higher interest rates, nervous financial markets and a stronger euro.
Sarkozy tones down ECB rhetoric
French president, Nicolas Sarkozy, appears to have relented to pressure from other European leaders over his repeated criticism of the European Central Bank (ECB). The newly-elected leader said on 16 July that he supported the central bank's independence.
New French candidate for IMF emerges
A former finance minister of France, Dominique Strauss-Kahn, has emerged as one of the early favourites to become the next head of the International Monetary Fund (IMF). The current managing director, Rodrigo de Rato, announced last month that he would…
Former BaFin employee guilty of embezzlement
A German court has found a former employee of BaFin, Germany's top financial markets regulator, guilty of embezzlement. The employee, whose name was not disclosed, was yesterday sentenced to six years in prison.
Deutsche Bundesbank - annual report 2006
Germany's central bank marks its half century by looking back at the performance of the economy in 2006 and notes the new projects, such as T2S, the Bundesbank is working on.
Eurozone business confidence remains high
Recovery in the eurozone remains on track and economic confidence dipped only slightly this month, according to the European Commission. Inflation remained steady at 1.9% in June, within the ECB's target range, according to a separate estimate by…
IMF worried about wealth fund obscurity
The International Monetary Fund has added its voice to the growing number of international financial institutions and public policy entities calling for greater transparency in the activities of sovereign wealth funds.
"Ominous" fall in German's business confidence
Confidence among Germany's businesses fell in June, but opinions were split as to what this meant for the outlook for the economy.
Weber on monetary policy and communication
Communication is an important element in fostering the effectiveness of monetary policy, explained Axel Weber, the president of Germany's Bundesbank.