Eurozone
ECB could hike rates, says Orphanides
The European Central Bank's rate-setting governing council will not rule out raising interest rates, Athanasios Orphanides, a member of the council and governor of the Central Bank of Cyprus, said on Thursday.
Cyprus and Malta join eurozone
The eurozone became a little larger on Tuesday as Cyprus and Malta, two Mediterranean islands, adopted the single currency.
Time has proved us right, says Trichet
The European Central Bank's (ECB) decision to inject hundreds of billions of extra euros into the money markets to alleviate tensions looks to be the correct one, says Jean-Claude Trichet, the president of the central bank.
Cyprus cuts rates before eurozone entry
The Central Bank of Cyprus's rate-setting board on Friday unexpectedly slashed rates by 50 basis points to 4% to match the European Central Bank's benchmark rate.
ECB adds an extra €170 billion
The European Central Bank (ECB) on Tuesday injected about €170 billion-worth ($245 billion) of extra funds into eurozone money markets after saying on Monday night that it would offer eurozone banks an unlimited amount of two-week loans at below…
Financial crisis has affected eurozone stability
Uncertainty surrounding financial stability in the euro area has heightened as a result of the recent financial turmoil, Lucas Papademos, the vice president of the European Central Bank, confirmed on Thursday.
Cyprus holds rates at 4.5%
The Central Bank of Cyprus's rate-setting monetary policy committee voted on Monday to keep its benchmark rate at 4.5% in its last scheduled decision.
ECB keeps rates at 4%
The European Central Bank's (ECB) rate-setting Governing Council held its benchmark rate at 4%. The vote contrasts with decisions in recent days to cut rates from the Bank of Canada and the Bank of England.
Eurozone needs to deal with global imbalances
The euro area must prepare for the orderly resolution of global imbalances, says Klaus Liebscher, the governor of the Austrian National Bank.
New thinking on large current-account deficits
Governments should not necessarily intervene to reduce the large current-account deficits of the United States and many of the euro area economies, research published by the International Monetary Fund finds.
Trichet pushes for regulatory convergence
Progress towards more consistent EU banking rules and cross-border information sharing is absolutely critical, Jean-Claude Trichet, the president of the European Central Bank, said on Monday.
ECB makes new bid to calm end-of-year fears
The European Central Bank (ECB) responded to panic in the interbank markets on Friday by pledging to lend over longer periods.
Old Lady changes tack and steps in with £10bn
The Bank of England said on Thursday that it would lend an extra £10 billion ($20.7 billion) at its benchmark bank rate to allay fears that interbank borrowing costs will shoot up over December.
Eurozone growth stat charts biggest fall this year
A measure of the economic outlook in the euro area indicated on Thursday that growth in the region slowed sharply in November.
EU and China agree measures on "severe" movements
A meeting between Jean-Claude Trichet, the president of the European Central Bank, and his Chinese counterpart, Zhou Xiaochuan, has resulted in the People's Bank of China saying it will co-operate with the EU to avoid "severe" fluctuations in exchange…
ECB lends extra €30 billion
The European Central Bank injected an additional €30 billion ($44 billion) into eurozone money markets in a bid to ease recurring tensions in interbank lending.
Trichet warns on adverse impact of globalisation
Interlinkages in the global economy mean no country can insulate itself from events, says Jean-Claude Trichet, the president of the European Central Bank.
ECB to counter new tensions with extra funds
The European Central Bank (ECB) said on Friday that it will inject more liquidity into the eurozone money market in a bid to allay "the re-emerging risk of volatility."
Trichet blames complexity for ratings reliance
Jean-Claude Trichet, the president of the European Central Bank, said on Friday that the complicated nature of many structured products had led to an over-reliance on credit ratings.
ECB loans show illiquidity in longer-term lending
The results of this month's European Central Bank (ECB) three-month open market operation reveal liquidity tensions remain for longer-term interbank lending.
Russia plays safe with fund investment
Russia's Oil Stabilisation Fund will stick to investing in highly-rated bonds until the fund's restructuring is complete early next year, officials said on Thursday.
Spain's Ordoez upbeat on eurozone growth
Sound fundamentals and robust global growth should support relatively favourable medium-term economic conditions in the eurozone, says Miguel Fernandez Ordoez, the governor of the Bank of Spain.
Improve enforcement non-EU emerging Europe told
Emerging European economies not yet members of the EU need to better enforce financial regulation if they are to continue to grow, International Monetary Fund research finds.
ECB to look to global economy on rate decisions
Global factors will increasingly influence European Central Bank (ECB) monetary policy decisions, Philippe Moutot, the director of monetary policy at the central bank, said on Tuesday.