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Eurozone

Markets underestimate ECB's inflation fears

Bets on interest rate decisions fail to take into account the seriousness of the inflation situation in the eurozone, said Axel Weber, the president of the Bundesbank who also sits on the European Central Bank's (ECB) governing council.

Number of euro counterfeits rise

The number of counterfeited euro banknotes in the second half of 2007 shows an increase when compared to the two preceding half-year periods.

ECB right but opaque, says report

The latest Monitoring the European Central Bank report, published on Thursday by the Centre for Economic Policy Research (CEPR), suggests that there is much room for improvement in the way the European Central Bank (ECB) sets interest rates and…

Paper notes factors in EU inflation

Cross-country differences in inflation affecting all EU member states depend on gaps in the initial price level, changes in the nominal effective exchange rate, the quality of institutions and the economy's flexibility, research published by the…

IMF lowers growth outlook

The International Monetary Fund (IMF) said on Tuesday that it expects global growth to slow to 4.1% this year, down from 4.9% in 2007.

Factors behind income growth are hard to fathom

Assessing the factors involved in income growth is difficult because small changes in the relative fit of certain models can lead to substantial differences regarding growth determinants, research published by the European Central Bank finds.

ECB Monthly Bulletin - January 2008

Inflation reached 3.1% in December 2007, confirming the strong upward pressure on prices in the short-term, stemming mainly from strong increases in oil and food prices in recent months.

Cyprus and Malta join gold agreement

Cyprus and Malta, the two newest members of the eurozone, have signed up to the Central Bank Gold Agreement, which limits the amount of gold cooperating institutions can sell.

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