Eurozone
Globalisation's impact on UK inflation
The author of this paper uses the International Monetary Fund's new Global Economy Model (GEM) to estimate the importance of various factors, which are used to explain the differences in the trends in core inflation and relative prices in the UK, the…
ECB rate setting analysed
This paper, published by the Institute for Monetary and Financial Stability, uses the ordered-probit technique and variables noted in the European Central Bank's (ECB's) Monthly Bulletin to investigate how the central bank sets rates.
EU's Almunia expects rates to tighten
Speaking at a conference organised by Nueva Economia, Joaquin Almunia, the EU economic and monetary affairs commissioner, intimated that he expects Eurozone interest rates to tighten further. He also warned that financial market volatility might carry…
Trichet absent from Jackson Hole talks
Jean-Claude Trichet, the president of the European Central Bank (ECB), will not attend the Federal Reserve's Jackson Hole conference.
ECB tender reveals illiquidity
The results of the European Central Bank's latest tender indicate conditions in the market for inter-bank lending are still far from normal.
Trichet stresses importance of transparency
Jean-Claude Trichet, the president of the European Central Bank (ECB), said that ensuring that inflation expectations stay well-anchored was "of paramount importance".
Central bank gold sales to approach limit
Members of the central bank gold agreement (essentially the eurozone plus Sweden and Switzerland) have sold 396 tonnes in the first 10 months of the "gold year", as much as the total for the whole of last year.
Swiss chairman criticises US subprime
Jean-Pierre Roth, the chairman of the Swiss National Bank described the US subprime crisis as "unbelievable" and said that reality was "striking back"
ECB publishes "Blue Book"
The 2007 edition of the Blue Book, which describes the main payment and securities settlement systems in the EU, comes in two volumes: one on countries in the euro area, the other for non-euro area countries.
Trichet claims markets close to normal
Jean-Claude Trichet, the president of the European Central Bank (ECB), said that the current "period of market nervousness" is coming to an end.
Trichet answers back on inflation and jobs
Jean-Claude Trichet responded to criticisms that the euro hampers employment in an interview published 11 August.
Useful statement from Jean-Claude Trichet
CentralbankNews.com is pleased to see the ECB making constructive use of its website in the current crisis. On Tuesday August 14 its home page featured prominently a statement by Jean-Claude Trichet, the president, about the current financial market…
ECB injects a further €47.7 billion
After adding €155.9 billion ($212 billion) to money markets late last week, European Central Bank (ECB) lent heavily again on Monday.
ECB intervenes in money markets
The European Central Bank (ECB) injected tens of billions into the money markets on Thursday amid growing concerns over illiquidity.
ECB publishes monthly bulletin
The European Central Bank said it is monitoring prices closely to ensure that the eurozone escapes high inflation in the medium to long term in its latest monthly bulletin.
Trichet signals September hike
The European Central Bank (ECB) today left interest rates unchanged at 4%. In a surprise press conference after the announcement, Jean-Claude Trichet, the president of the central bank, dropped a strong hint that rates will rise at the next meeting in…
IMF on euro area policies
A report by the International Monetary Fund on euro area policies, released on 31 July, said that the outlook for the region was the best in years, but stabilising inflation below 2% may imply further gradual tightening of monetary policy.
Unexpected rise in eurozone money supply
Data from the European Central Bank (ECB) released today showed a surprise jump in M3 money supply in the eurozone and loans to the private sector.
ECB Monthly Bulletin - July
An article interpreting monetary developments in the eurozone since mid-2004 is a timely addition to July's bulletin which shows M3 growth surging above 10% on all measures.
Papademos - challenges for Europe' economy
Speaking at Delphi, the vice-president of the European Central Bank, spelled out his views on what Europe's policymakers should have on their "to do list".
Papademos sees increased European potential growth
Lucas Papademos, the vice president of the European Central Bank (ECB), says that some countries in the eurozone have recently seen productivity-driven increases in their potential growth rate.
Portfolio credit risk in central banks
This report presents the findings of a task force, established in early 2006 and consisting of nine Eurosystem central banks to analyse and discuss the use of portfolio credit risk methodologies by central banks.
Inflation and growth in EMU - IMF paper
Differences in growth and inflation in the eurozone are small, but persistent, shows this working paper from the IMF.
ECB - annual report 2006
Presented by Jean-Claude Trichet to Parliament on Friday, the ECB's 250-page report surveys economic developments in the eurozone and looks at changes in central bank operations over 2006.