Eurozone
ECB's Tumpel-Gugerell on SEPA
In the speech 'What is the outlook for the Single European Payments Area (SEPA)?' given on 7 June Gertrude Tumpel-Gugerell of the ECB said the project is on track and many hands are needed for making the SEPA vision reality.
Trichet warns on 'excessive dynamism' in prices
European Central Bank President Jean-Claude Trichet said on Monday 5 June it was important to take into consideration "excessive dynamism" in asset prices because of the potential inflationary effects.
ECB reshuffle aims for collegiate mood
According to the article "ECB reshuffle aims for collegiate mood and focus on policy" published by the FT on Friday 2 June, the European Central Bank has divided the role of its chief economist in a move that will allow an evolution in ECB thinking and…
Comment: Surprises as ECB reshuffles
The ECB last week surprised analysts by naming ex-Bundesbank official, Jurgen Stark, as head of its economics division. As expected, the central bank has split the management roles for the important divisions of economics and research, both previously…
Interview with Otmar Issing
In an interview published Thursday 1 June, outgoing ECB chief economist Otmar Issing said his parting message to his ECB colleagues was to get to grips with inflation.
ECB plans meetings in Dublin, Vienna in 2007
The European Central Bank said on Friday 2 June that it will hold meetings of its governing council in Dublin and Vienna next year.
ECB's Financial Stability Review, June 2006
The European Central Bank published its June 2006 Financial Stability Review on 1 June. In the report the ECB said an abrupt unwinding of the US current account deficit could put sharp downward pressure on the dollar and lead to a rise in US long-term…
ECB announces distribution of responsibilities
Within the framework of its collective responsibility for the overall functioning of the business areas of the European Central Bank, the Executive Board of the ECB agreed Thursday 1 June on a distribution of responsibilities among its members, with…
Which news moves the euro area bond market?
This ECB Working Paper explores a long dataset (1999-2005) of intraday prices on German long-term bond futures and examines market responses to major macroeconomic announcements and ECB monetary policy releases.
Comment: Replacing Issing
Pressure is mounting on the ECB to finalise the reshuffle of its executive board, necessitated by the departure of its chief economist and head of research, Otmar Issing, this week. The absence of any official announcements on the matter is leading to…
ECB's Wellink says ECB should raise rates
European Central Bank council member Nout Wellink said in an interview that interest rates need to be increased because of rising inflation expectations.
ECB paper on catching-up member states
The ECB Working Paper "Implications of monetary union for catching-up member states," published May 2006, examines the implications of monetary union for macroeconomic stabilisation in catching up participating countries.
ECB's Issing warns against EMU 'tensions'
European Central Bank chief economist Otmar Issing is warning against "tensions" in the European monetary union, according to an interview published in Handelsblatt on Monday 29 May.
ECB's Papademos on globalisation, inflation
In the speech 'Globalisation, inflation, imbalances and monetary policy' given on 25 May Lucas Papademos of the ECB said that globalisation had helped contain prices in the past, but the risks to inflation were now rising due to buoyant world growth.
ECB paper on foreign reserves management
The ECB Working Paper "Foreign reserves management subject to a policy objective," published May 2006, studies the implications of introducing an explicit policy objective to the management of foreign reserves at a central bank.
Stark appointed to ECB, Zeitler joins Buba
Jurgen Stark, vice-president of the Bundesbank, has been formally appointed to the European Central Bank's executive board, European Union officials announced Tuesday 23 May, according to the FT.
ECB's Issing on globalisation, emu and the euro
In the speech "Globalisation, emu and the euro" given on 22 May Otmar Issing of the ECB said reductions in fiscal deficits by eurozone countries actually boost growth in those economies, rather than weighing on economic activity.
Mersch says ECB will have to lift rates further
European Central Bank Governing Council member Yves Mersch said in an interview that eurozone interest rates will need to keep rising because of increased risks to price stability but that there was no fixed schedule.
ECB's Trichet on structural reforms in Europe
In the speech 'Structural reforms in Europe' given on 22 May Jean-Claude Trichet of the ECB said the European Union is undergoing an important process of reforms of its socio-economic model so as to adapt it to future challenges.
ECB wants action on reform agenda - Trichet
European Central Bank president Jean-Claude Trichet on Monday 22 May called on the EU to implement its structural reform programme which has been revamped.
ECB's Target Annual Report 2005
The European Central Bank (ECB) published the TARGET Annual Report 2005 on Friday 19 May. This publication, which is the sixth of its kind, gives an overview of TARGET operations in 2005.
Liebscher says ECB worried on inflation
Austrian national bank governor Klaus Liebscher told reporters Friday 19 May that the European Central Bank is worried about risks to the eurozone's inflation outlook.
EU parliament backs Stark for ECB
MEPs approved the appointment of Jurgen Stark to the Executive Board of the European Central Bank in a vote on Wednesday 17 May.
Enforcement and the stability and growth pact
The IMF Working Paper "Enforcement and the stability and growth pact: How fiscal policy did and did not change under Europe's fiscal framework" published May 2006, says that the Stability and Growth Pact has been a success in numerous EU countries,…