Eurozone
ECB tight-lipped on banking supervision
A confidential ECB report arguing that eurozone central banks should continue to perform banking supervision has been leaked to German daily paper Boersen Zeitung.
ECB keeps rates steady despite growth fears
As expected, the Governing Council of the European Central Bank held interest rates steady (at its March 15 meeting yesterday) undeterred by weak share markets and dimming euro zone growth prospects.
ECB monetary analysis papers
RESEARCH - The ECB has today (March 16) published a series of papers from a seminar for staff from central banks entitled "Monetary analysis: Tools and applications" held in November 2000.
The Accidental Redistribution of ECB Profits
ARTICLE - According to the latest calculations of Hans-Wener Sinn and Holgar Feist, the division of European Central Bank profits will see Germany lose E. 30bn and France gain a similar amount.
Bank of Spain says economy slowed in Q4
Spanish economic growth, among the fastest in the euro zone, slowed to an estimated 3.9 percent year-on-year in the fourth quarter of 2000 from 4.1 percent in the third quarter, the Bank of Spain said on Feb. 2, 2001. Gross domestic prorduct (GDP) growth…
ECB plays down danger of eurozone price difference
The European Central Bank said Dec 21 said diverging eurozone inflation rates were not a flaw of a one-size fits all monetary policy, provided that the differences proved to be only short-lived.
ECB publishes updated Target information guide
The European Central Bank said it is publishing Monday an updated version of the information guide for credit institutions using the euro-zone's Target payment system.
ECB keeps M3 benchmark unchanged
The European Central Bank has decided to leave its yardstick for euro area money supply growth unchanged. After the governing council meeting today, the ECB said that the evidence continues to support the assumptions underlying the derivation of the…
New EU treaty paves way for ECB voting change
The European Union's Nice treaty calls for a review of how votes are taken on the ECB's governing council, but does not provide for amending its composition, a draft text obtained by journalists on Wednesday said.
Spanish inflation sticks at 5-yr high in November
Spanish inflation rose to 4.1% annually in November, stuck around a near five-year high amid fears of a price-wage spiral and a civil sector protest over loss of purchasing power.
Buba's Welteke says ECB rates appropriate now
Bundesbank President Ernst Welteke said on Tuesday that current Eurozone interest rates were appropriate and reiterated that the European Central Bank's monetary policy was not hampering economic growth.
Nice EU Treaty needed for European Central Bank
As European Union leaders gather in Nice to reform the bloc's decision making processes in preparation for enlargement, one crucial item is absent from the agenda: the European Central Bank. A new paper by the Centre for Economic Policy Research says…
Crisis mgmt hit by joining euro, UK Lords say
The government's ability to manage the economy in a crisis could be hamstrung if Britain joins the euro, a House of Lords committee warned today.
ECB head sees rosy future for euro
The president of the European Central Bank, Wim Duisenberg, has spoken about a turnaround in euro exchange rates for the first time, telling Japanese newspaper The Yomiuri Shimbun in an interview in Frankfurt that the European currency could keep rising.
Welteke plays down EMU warnings ahead of Nice
Bundesbank President Ernst Welteke on Thursday played down his earlier warnings about allowing eastern European countries into the Eurozone too soon, just as a difficult summit on EU enlargement started in Nice.
Welteke - cannot say yet if euro turned around
Bundesbank President Ernst Welteke on Thursday said he could not tell whether the euro has already turned the corner, adding that the currency's further performance depended on US economic growth.
Buba views on Eurozone enlargement upset hopefuls
The Bundesbank's bid to make joining the Eurozone tougher for eager east European applicants has upset candidates but analysts said it will be politically impossible to make the demand stick.
Belgium seeks financial market regulatory reform
Belgian Finance Minister Didier Reynders proposed on Tuesday a reform of the country's financial market regulatory system which would strengthen the power of government regulators and harmonise oversight of stock exchanges.
ECB publishes revision of Eurosystem instruments
The European Central Bank Tuesday said it has published its revision of Eurosystem monetary policy instruments and procedures.
ECB leaves all key interest rates unchanged
The European Central Bank kept all of its three key short-term interest rates unchanged Thursday.The decision was expected by the market, as past rate hikes - already six this year - have yet to feed through into the real economy, and the ECB will want…
Bank of Greece sees lower inflation, wants reforms
Greece's central bank said on Wednesday inflation should drop below 3% in the second half of 2001 but called for faster structural reforms to improve competitiveness once the country enters the Eurozone.
Bbk Zeitler: Continue reforms to reverse weak euro
The euro's current weakness is "completely surmountable" if national governments in the 11-nation euro area continue to press ahead with structural reforms, Bundesbank council member Franz-Christoph Zeitler said Wednesday.