Euro
Former Hungary governor “prepared” to return to government
Ex-National Bank of Hungary chief Zsigmond Járai says he is ready to accept a post in new government if opposition wins upcoming election
New rate-setters named in Poland
Poland’s president names three new members to the monetary policy council, newcomer says country has scant hope of meeting Maastricht criteria for euro adoption
Hungary to buy forint mortgage bonds to spur lending
Move by the National Bank of Hungary highlights concern over return to euro financing, seen as key cause of crisis
Towards a euro monetary fund
Daniel Gros and Thomas Meyer team up on fix aimed at stopping another Greece
ECB’s Stark places onus on deficit states
European Central Bank's Jürgen Stark says euro area’s deficit states must embrace economic reforms for the common good
Romania makes half-point cut
Romanian central bank lowers cost of borrowing despite above-target inflation
ECB winds up euro-franc swap line
The European Central Bank says it will let seven day euro-franc swap line expire at the end of January in a further sign that it is withdrawing extraordinary support measures
Denmark surprises with second cut in a week
National Bank of Denmark cuts key rate by a further ten basis points on Thursday in a bid to hold back krone
Estonia ready for euro in 2011
Bank of Estonia publishes Report on the Adoption of the Euro
Euro counterfeits soar 30%
ECB statistics show 860,000 forged euro banknotes recovered in 2009
SNB will intervene to control franc: Hildebrand
Switzerland's Philipp Hildebrand says he will monitor the performance of the franc; gains have weakened Swiss exports
Denmark lops off 5 basis points to contain krone
National Bank of Denmark cuts its key rate to 1.15%, as the latest in a series of reductions since last August to halt krone appreciation
Bank of Finland’s Huhtala on reserve management post-crisis
Heli Huhtala, the head of investments in the Banking Operations Department at the Bank of Finland, discusses how the crisis will change the thinking on central banks’ reserve-management strategies
Kazakhstan latest to step away from dollar
The National Bank of Kazakhstan, which has seen foreign currency reserves drop sharply, shifts towards euro on fears over the dollar’s weakness
Cyprus governor says 2009 GDP will shrink
Prognosis contradicts European Commission's optimism about growth
Architects of euro point to “unfinished business”
The men behind the euro gathered in the French capital last week to mark the currency’s first decade. Robert Pringle, the chairman of Central Banking Publications, reports.
Euro an anchor of stability: Austria’s Nowotny
Austrian National Bank’s governor says euro-area economic activity could surpass the US
ECB’s Tumpel-Gugerell: rushing euro adoption no fix
European Central Bank’s Gertrude Tumpel-Gugerell says Central and Eastern European countries must fulfil Maastricht criteria to adopt euro
Exports to lead Estonian recovery
Exports and euro adoption will be crucial in the Baltic state’s economic resurgence
Trichet rules out €30 banknote
ECB president Jean-Claude Trichet says the central bank will not issue a €30 bill after lawmaker’s request
Eichengreen sees dollar safe for now
The euro and the renminbi could both mount a strong challenge to the dollar’s status as the global reserve currency. But, as Berkeley economist Barry Eichengreen tells CentralBanking.com, must overcome some major obstacles before they can do so
Trichet sees “pressing need” for fiscal responsibility
Announcing that interest rates would be kept unchanged, ECB president calls for governments to formulate realistic exit strategies
Czechs don’t need to import monetary policy – Tuma
Czech National Bank’s Zdenek Tuma says euro adoption is a purely political not economic decision
Imbalances: this time it's different, says Blanchard
International Monetary Fund sees growth recovering to 3% next year but warns that without imbalances fix, long-run picture remains bleak