Eurozone
Malta cb's governor says the euro is not enough
Joining the euro will help, said Michael Bonello, the governor of Malta's central bank, but this is not enough to secure faster economic growth.
Europe's new large-value payment system on target
Europe's new large-value payment system is on schedule to go live in 2007 says the European Central Bank in its third annual report on TARGET2.
ECB's Stark on challenges of euro area enlargement
In the speech 'Economic and monetary challenges of euro area enlargement' given on 20 November Jurgen Stark of the ECB said it is crucial that central banks have full independence in the new EU member states, in practice as well as in theory.
Hungary's Jarai calls for new euro plan
A new convergence program is needed for Hungary to be ready to join the eurozone in 2011, Hungary's central bank Governor Zsigmond Jarai said on Thursday 16 November.
Trichet positive on global growth but sees risks
European Central Bank president Jean-Claude Trichet said Monday 20 November that the global economy is set for dynamic growth in 2007 but central bankers must remain vigilant as oil prices still threaten to stoke inflation.
ECB wants more clarity on Sepa for cards
The European Central Bank said Monday 20 November it has laid down a new set of objectives for payment card schemes to achieve in order to become Sepa-compliant, amid concerns that current provisions would lead to higher prices and a deterioration in…
ECB's Bini Smaghi on ageing and pension funds
In the speech 'Ageing, pension funds and household wealth allocation in the euro area' given on 15 November of the ECB said shifts in households' financial investments and liabilities complicate the ECB's analysis of money and credit growth.
ECB's Tumpel-Gugerell on SEPA
In the speech 'SEPA - Opportunities by change' given on 13 November Gertrude Tumpel-Gugerell of the ECB said it is important to underline that payment instruments will have to adapt to the SEPA environment.
Trichet at the ECB's Central Banking Conference
In his closing speech at the Fourth ECB Central Banking Conference given on 10 November Jean-Claude Trichet of the ECB said in assessing the success of central bank policy, the historical context always needs to be taken into account.
Noyer: Does money matter? A European perspective
In the speech 'Does money matter? A European perspective' given on 9 November Christian Noyer of the Bank of France said euro zone money supply growth may remain strong because of a structural increase in the demand for money.
Drug linked to disintegrating euros
A mystery substance that caused some euro banknotes in Germany to fall to pieces may be linked to the party drug crystal speed, Der Spiegel magazine reported on Saturday 11 November, quoting regional police.
Eurozone rates "damn low" says ECB's Wellink
European Central Bank council member Nout Wellink said in an interview published Tuesday 14 November interest rates in the eurozone are still ``damn low.''
Financial integration helps avert shocks - Trichet
European Central Bank president Jean-Claude Trichet said Monday 13 November closer financial integration will raise the eurozone's resistance to external shocks and increase its growth potential.
ECB's Papademos on the conduct of monetary policy
In the speech 'The role of money in the conduct of monetary policy' given on 9 November Lucas Papademos of the ECB said a large and influential body of academic work has disregarded or deemphasised the role of money as a determinant of inflation, even in…
ECB's Stark on the role of money
In the speech 'The role of money: Money and monetary policy in the twenty-first century' given on 9 November Jurgen Stark of the ECB said the weight given to money growth in ECB interest rate decisions has varied over time, depending on the signals it…
ECB Monthly Bulletin, November 2006
The European Central Bank published its November 2006 Monthly Bulletin on Thursday 9 November. In the report the ECB reiterated that it needs to exercise "strong vigilance" on inflation risks.
Trichet defends money supply data use by ECB
European Central Bank president Jean-Claude Trichet defended the ECB's use of money supply data to guide interest rate decisions, in an article published by the Financial Times on Thursday 9 November.
Estonia says euro adoption unlikely before 2010
The Bank of Estonia announced Wednesday 8 November that soaring inflation is likely to set back Estonia's target date for adopting the euro to 2010.
ECB report says EU banks need to exercise caution
The European Central Bank said in a report on Tuesday 7 November that EU banks need to exercise caution with their mortgage lending because of the risk of some households getting into financial difficulties.
Eurozone cbs well prepared for financial crisis
The European Central Bank said Monday 6 November a series of "stress testing" exercises have shown that eurozone central banks are well prepared to cope with a financial crisis.
EU's Almunia says Cyprus, Malta meet euro criteria
EU economic and monetary affairs commissioner Joaquin Almunia said Monday 6 November after the publication of a report that Cyprus and Malta will be ready to join the eurozone by 2008.
Financial integration of new EU Member States
The ECB Working Paper "Financial integration of new EU Member States" assesses the degree of financial integration for a selected number of new EU member states between themselves and with the euro zone.
Trichet maintains expectations of rate hike
Speaking at the post-meeting press conference on Thursday 2 November European Central Bank president Jean-Claude Trichet endorsed market expectations of a further ECB interest rate hike at its December meeting.
ECB's Bini Smaghi on monetary, financial stability
In the speech 'Monetary and financial stability: Challenges in South-Eastern Europe' given on 30 October Lorenzo Bini Smaghi of the ECB said financial sector reforms in China and other emerging Asian economies can play a key role in reducing their large…