European Central Bank (ECB)
ECB Monthly Bulletin, February 2003
REPORT - The European Central Bank published its February 2003 Monthly Bulletin on 13 February. This issue contains two articles. The first addresses the interactions between the single monetary policy and fiscal policies in the euro area. The second…
ECB concerned by eurozone growth prospects
The European Central Bank on Thursday fuelled speculation about a possible interest rate cut by highlighting concerns about growth across the eurozone area, although it reiterated its stance that its current monetary policy is "appropriate".
ECB's Papademos-Higher inflation target won't help
European Central Bank Vice President Lucas Papademos has said that raising the central bank's inflation target to 3 or 4 percent will not provide more room for growth in the euro area.
European parliament Press Release
PRESS RELEASE - ECB Governing Council reform : "I would prefer a really pro-european approach". The Chair of the European Parliament's Committee on Economic and Monetary Affairs, Christa RANDZIO-PLATH (PES/Germany) today expressed dissatisfaction…
French bank chief Trichet trial wraps up
The false accounting trial of Bank of France Governor Jean-Claude Trichet and eight others entered its final day of argument Wednesday, with a verdict expected in a few weeks which could determine whether he takes over this year at the European Central…
ECB Press Release
PRESS RELEASE - New Guideline of the ECB concerning Eurosystem reporting requirements and procedures in the field of money and banking statistics, 10 February.
The politics of the Eurosystem
Constitutional discussions in Europe have steered clear of the ECB, but may yet impact on Europe’s only federal institution, argues Graham Bishop.
New directions for the ECB
Enlargement, a new president and a review of policy have far-reaching implications for Europe’s central bank, says Philip Lane.
'Strong euro won't harm EU growth'
European Central Bank President Wim Duisenberg said Thursday that the recent strong rise in the euro should not hit the competitiveness of goods made in the 12-country euro zone, nor harm the outlook for growth in the region.
Some inflation target fans at Fed despite ECB
ARTICLE - This article asks whether some Federal Reserve officials are pushing an idea that gets the European Central Bank nothing but grief? The idea in question is inflation targeting.
ECB formally agrees change to vote system
The Governing Council of the European Central Bank (ECB) has formally agreed to change its voting system after new member-states join the euro zone.
Duisenberg - Nederlandse Antillen Bank anniversary
SPEECH - In a speech on the occasion of the 175 anniversary of the Bank van de Nederlandse Antillen Wim Duisenberg of the European Central Bank said that increased fiscal discipline is needed to reduce vulnerabilities or, to put it more positively, he…
French bank chief trial enters key week
The trial of Bank of France governor Jean-Claude Trichet on false accounting charges enters a key phase this week as state prosecutors prepare to make their closing statements, with Trichet's job as next president of the European Central Bank (ECB)…
Treasury Committee assess euro entry prospects
A series of hearings continued Tuesday with a distinguished panel of experts giving evidence to the UK's Treasury Select Committee on the prospects for UK euro entry. The group called for reform of the ECB with a redefined inflation target and gave a…
IMF Working Paper Series
RESEARCH - In the paper 'Market Predictability of ECB Monetary Policy Decisions: A Comparative Examination' Kevin Ross tests the idea that surveys of the ECB's monetary framework emphasise the inability of financial markets to correctly predict monetary…
France's Chirac - Duisenberg must be out by 9 July
French President Jacques Chirac has made clear to top European officials that he does not want European Central Bank President Wim Duisenberg to stay in office any longer than his scheduled summer leaving date of 9 July.
IMF says ECB shows mediocre market predictability
The International Monetary Fund has criticised the European Central Bank for confusing markets and said it was less predictable than its central bank peers, the U.S. Federal Reserve and the Bank of England.
ECB's Fazio thinks Iraq crisis will hurt recovery
European Central Bank council member Antonio Fazio said a war with Iraq, as well as increasing the chance of terrorist attacks, may hamper an economic recovery.
ECB Monthly Bulletin, January 2003
REPORT - The European Central Bank published its January 2003 Monthly Bulletin on 23 January. In the bulletin the ECB reported that the outlook for economic activity in the euro area has remained broadly unchanged since early December 2002 and economic…
ECB sticks with growth forecast in monthly report
The European Central Bank sounded a dovish note in its monthly bulletin on Thursday but economists cautioned against building expectations of another rate cut very soon.
Hamalainen on how the ECB manages the euro
SPEECH - In the speech 'How the European Central Bank manages the euro and what is in store for 2003' Sirkka Hamalainen of the European Central Bank expressed concern over the widely-held perception that monetary policy can solve very different stability…
Belgium seeks ECB post for bank critic De Grauwe
Belgium is stepping up its campaign to secure a seat on the board of the European Central Bank by nominating Paul De Grauwe, an academic who has criticized the bank for failing to promote growth. De Grauwe recently ran for the job of vice-president of…
Hamalainen on the role of monetary policy
SPEECH - In the speech 'The role of monetary policy and the central banks in global financial stability' Sirkka Hamalainen of the ECB said it is self-evident that the central bank needs a healthy banking and financial market sector in order to conduct…
Ireland may seek seat at ECB top table
Ireland is likely to pitch for a seat on the executive board of the European Central Bank (ECB) when a vacancy arises at the end of May.