European Central Bank (ECB)
ECB monetary policy decision, 6 June
PRESS RELEASE - The ECB made its decision on monetary policy on 6 June, leaving rates unchanged.
European Central Bank Publication
REPORT - Developments in Banks' Liquidity Profile and Management, May 2002.
Papademos to make ECB debut at Eurogroup as No.2
GERMANY - Incoming European Central Bank Vice President Lucas Papademos will make his debut as the bank's number two at the Eurogroup meeting of euro zone finance ministers in Luxembourg on Monday.
Speech by Sirkka Hamalainen of the ECB, 30 May
SPEECH - In a speech titled 'The role of the euro in global capital markets' Hamalainen described the euro as a global currency and said that the aim and goal of the Eurosystem should be to strengthen the integration and economic performance of the EU…
ECB Working Paper
RESEARCH - Modelling the daily banknotes in circulation in the context of the liquidity management of the European Central Bank by Alberto Cabrero, Gonzalo Camba-Mendez, Astrid Hirsch and Fernando Nieto, May 2002.
Eurozone current account moved to surplus in March
GERMANY - The euro zone had a current account surplus of 3.7 billion euros (3.4 billion dollars) in March, compared with a deficit of 600 million euros a year earlier, data published by the European Central Bank on Wednesday showed.
Speech by Eugenio Domingo Solans, ECB, 24 May
SPEECH - In a speech titled 'Monetary integration in Europe: some past and present experiences' Solans says that one conclusion we can draw from the European experience is that full monetary integration is the final result of a long process of previous…
ECB Press release
PRESS RELEASE - Seminar of the Eurosystem and Latin American central banks held in Madrid on 23 and 24 May 2002, 24 May.
ECB Press release
PRESS RELEASE - Code of Conduct for the Members of the Governing Council, 24 May.
ECB Press Release
PRESS RELEASE - ECB Convergence Report 2002, released 22 May.
ECB Convergence Report 2002
REPORT - The European Central Bank (ECB) publishes today its Convergence Report 2002, which examines whether Sweden has achieved a high degree of sustainable convergence, as well as the compatibility of its national legislation with the Treaty…
Testimony of Wim Duisenberg, ECB President, 21 May
TESTIMONY - In testimony on Tuesday Duisenberg told members of the European parliament that he wanted to stress forcefully that all euro-zone states had to respect their commitment to remove public deficits by 2003 or 2004.
European Parliament Press Release
PRESS RELEASE - ECB President warns States to stick to Stability Pact, 21 May.
Speech by T Padoa-Schioppa of the ECB, 20 May
SPEECH - In a speech titled 'Self vs. public discipline in the financial field' and made on 20 May (but only just published) Padoa-Schioppa discussed the evolution of the methods of financial regulation towards using industry standards and process…
Europeans aim for joint rate rises
UK - Europe's central banks are set to raise interest rates simultaneously on 6 June, say leading economists. The Bank of England, the European Central Bank and the Swedish Riksbank are likely to hike rates at their respective policy-making meetings in…
Speech by Wim Duisenberg, ECB President, 16 May
SPEECH - Duisenberg said in a speech titled 'Challenges to the ECB's monetary policy' that he believes all the institutional preconditions for a stable currency and macroeconomic success are in place in Europe today.
Speech by Wim Duisenberg, ECB President, 9 May
SPEECH - The European Central Bank president was in Aachen, Germany, today to receive the annual international Charlemagne prize. But Duisenberg's aides rush to make clear that Aachen's city fathers have not actually chosen an individual this year but a…
Speech by Sirkka Hamalainen of the ECB, 30 Apr
SPEECH - In the speech titled 'Consolidation in the European securities infrastructure - what is needed?' Hamalainen said that "By eliminating currency segmentation, the introduction of the euro has naturally been a major factor in the integration of…
The single monetary policy in the euro area
REPORT - ECB publication, General documentation on Eurosystem monetary policy instruments and procedures, 26 April, (update of the November 2000 edition).
ECB Padoa-Schioppa - 'excessive' talk on inflation
ITALY - European Central Bank board member Tommaso Padoa-Schioppa said the central bank has to monitor with attention the current level of euro-zone consumer prices which remain above 2.0 pct year-on-year, but believes it is "excessive" to describe the…
Speech by T Padoa-Schioppa of the ECB, 29 Apr
SPEECH - In the speech titled 'Competition, co-operation, public action: Three necessary drivers for European financial integration' Padoa-Schioppa expressed the benefits of the euro when saying "Market segmentation - the opposite of integration - is…
Speech by Otmar Issing of the ECB, 29 Apr
SPEECH - In a speech titled 'Monetary Policy in an Environment of Global Financial Markets' Issing said "Understanding global financial linkages is important, not least from the perspective of a central banker. Further integration of European financial…
Papademos underlines importance of M3
GERMANY - ECB vice-president designate Lucas Papademos said he supports the first pillar of the ECB's monetary policy strategy and that analysis of M3 money supply growth should continue.
Eurosystem reserves down 0.1 bln eur to 10 May
GERMANY - The European Central Bank said eurosystem net foreign currency reserves fell 0.1 bln eur to 258.2 bln in the week ending 10 May on account of customer and portfolio transactions.