Eurozone
Tumpel-Gugerell on European financial markets
In the speech 'The competitiveness of European financial markets. An economic framework for effective policy-making' given on 12 March Gertrude Tumpel-Gugerell of the ECB said greater integration of mortgage markets among European economies would allow…
ECB's Bini Smaghi says rates depend on growth data
Interest rates "must adjust" to combat inflation if economic growth continues, European Central Bank executive board member Lorenzo Bini Smaghi told Italian daily La Stampa in an interview published Sunday 11 March.
Liebscher says ECB job not finished yet
European Central Bank council member Klaus Liebscher said in an interview published Monday 12 March the bank can't consider its job done after seven interest-rate increases because inflation remains a threat.
Trichet says ECB may not be done yet on rates
European Central Bank president Jean-Claude Trichet said Thursday 8 March he is not saying that ECB interest rates are necessarily at a peak after increasing interest rates.
ECB paper on globalisation and euro area trade
As a major player in world trade, the euro area is strongly influenced by globalisation, but is far from being a passive spectator, according to the ECB Occasional Paper "Globalisation and euro area trade - Interactions and challenges" published March…
ECB's Trichet on governance and convergence
In the speech 'Governance and convergence: the state of play in the euro area' given on 28 February Jean-Claude Trichet of the ECB said the bank's monetary policy must be credible in ensuring price stability.
Bini Smaghi on the governance of the euro area
In the speech 'The governance of the euro area (eight years on)' given on 27 February Lorenzo Bini Smaghi of the ECB said eurozone finance ministers should exercise greater discipline in their comments on exchange rates.
ECB's Stark continues to see inflation risks
European Central Bank board member Juergen Stark told Die Welt Wednesday 28 February that although eurozone inflation will probably slow this year, medium-term price developments remain a concern.
Garganas says price risks growing
European Central Bank council member Nicholas Garganas told Bloomberg in an interview that economic growth may prove stronger than the ECB forecasts and inflation risks are increasing.
ECB chief says wage restraint remains 'important'
European Central Bank president Jean-Claude Trichet said in an interview published Monday 26 February wage restraint in Europe remains important.
Trichet calls for yuan, Asian FX rate appreciation
ECB president Jean-Claude Trichet said Friday 23 February that there should be an appreciation in China's yuan exchange rate and other Asian currencies that aren't free-floating.
IMF's Lipsky upbeat on eurozone outlook
In an interview with Reuters published Thursday 22 February, IMF first deputy managing director, John Lipsky, said the world economy will slow slightly this year from 2006.
ECB paper on emerging market economies
The ECB Working Paper "What drives business cycles and international trade in emerging market economies?" investigates the role of domestic and external factors in explaining business cycle and international trade developments in fifteen emerging market…
ECB's Tumpel-Gugerell still sees SEPA from Jan 08
European Central Bank board member Gertrude Tumpel-Gugerell said Tuesday 20 February the plan for a single euro payments area (SEPA) is still on track to begin operations from 1 Jan next year, despite disputes over organising cross-border operations.
Tumpel-Gugerell on tripartite protocol
In a speech given on 16 February Gertrude Tumpel-Gugerell of the ECB said over the next six months, the ECB and eight central banks will be working closely with the Central Bank of Bosnia and Herzegovina on a needs assessment programme funded by the…
ECB's Trichet on an increasingly globalised world
In the speech 'How can the European economy succeed in an increasingly globalised world?' given on 15 February Jean-Claude Trichet of the ECB said euro zone countries need to improve their cost competitiveness to benefit from globalisation.
ECB Monthly Bulletin, February 2007
The European Central Bank published its February 2007 Monthly Bulletin on Thursday 15 February. In the report the ECB said reiterated that it is exercising 'strong vigilance' on inflation risks.
ECB paper on market responses to policy decisions
The ECB Working Paper "Using intraday data to gauge financial market responses to Fed and ECB monetary policy decisions" examines bond and stock market volatility reactions in the euro area and the US following their respective economies' monetary policy…
ECB's Quaden says yen, yuan weak v euro
The Japanese yen and the Chinese yuan are undervalued against the euro, European Central Bank governing council member Guy Quaden said Thursday 15 February.
Malta may apply for euro accession in March
Malta will file its formal request for accession to the eurozone in the first two weeks of March, The Times of Malta reported Wednesday 14 February.
Weber sees inflation around 2 pct to end-2008
Bundesbank president Axel Weber said in an interview published Thursday 15 February he expects eurozone inflation to be around 2.0 pct between now and the end of 2008.
Tumpel-Gugerell on the ECB's view on SEPA
In the speech 'The European Central Bank's view on SEPA' given on 13 February Gertrude Tumpel-Gugerell of the ECB said the aim of SEPA is to complete the introduction of the euro as the single currency and to support European integration.
Cyprus makes request to join eurozone, says EU
The European Commission has received an application from Cyprus to join the euro zone, spokeswoman Amelia Torres said Tuesday 13 February.
Trichet warns markets on carry trades risk
European Central Bank president Jean-Claude Trichet warned markets this weekend at the G7 finance ministers and central bank governors meeting that one-way bets in currency markets posed risks.