European Central Bank (ECB)
Issing sees slow US growth rather than double dip
GERMANY - European Central Bank chief economist Otmar Issing was quoted on Monday as saying a "double dip" in the U.S. economy could not be ruled out but that continued slow growth was more likely.
ECB Monthly Bulletin, August 2002
REPORT - The European Central Bank published its August 2002 Monthly Bulletin on 8 August. In the bulletin the ECB reinforced its "wait and see" approach to interest rates but admitted risks to price stability had become "more balanced". This was in…
ECB grows more cautious on growth outlook
GERMANY - A shift of stance on inflationary pressures by the European Central Bank on Thursday reflected growing pessimism on the outlook for economic growth in the eurozone.
Interest rates in europe left unchanged
GERMANY - The European Central Bank on Thursday kept interest rates unchanged for the ninth month in a row amid uncertainty over the impact of turbulent financial markets and a stronger euro on Europe's slowly recovering economy.
Next ECB head may not be French says Italy's Tanzi
ITALY - Wim Duisenberg's successor as president of the European Central Bank may not necessarily be French. That is the belief of Italy's Treasury undersecretary Vito Tanzi who spoke to Italian daily La Repubblica on Saturday.
Euro-zone current account moves to surplus in May
GERMANY - The current account for the 12-nation euro zone showed a surplus of 100 million euros (dollars) in May compared with a deficit of 2.2 billion euros in May 2001, the European Central Bank reported Friday.
Speech by Wim Duisenberg, ECB President, 24 July
SPEECH - On receiving an award, the Grand Cross 1st class of the Order of Merit of the Federal Republic of Germany, Duisenberg said "this expression of confidence makes the responsibility I am bearing as President of the ECB indeed feel somewhat lighter".
Trichet affair could hurt euro, says EC president
GERMANY - European Commission president Romano Prodi said in a newspaper interview Saturday that the legal problems of French Central Bank Governor Jean-Claude Trichet, tipped to become the next head of the European Central Bank (ECB), could pose a…
No intervention in Trichet case vows French gov't
FRANCE - The French government and the Paris prosecutor's office said Wednesday they would not intervene over the forthcoming trial of Jean-Claude Trichet, the central bank governor whose attempt to become president of the European Central Bank is…
Edward George enters ECB race - and promptly exits
UK - The Financial Times on Thursday speculates that Edward George could be the ideal man for the ECB's top job now that long-time favourite Jean-Claude Trichet faces trial. However, sources at the Bank of England told CentralBankNet on Thursday that…
Speech by T Padoa-Schioppa of the ECB, 10 July
SPEECH - In a speech titled 'EU structures for financial regulation, supervision and stability' to the Committee on Economic and Monetary Affairs of the European Parliament, Padoa-Schioppa said "intellectually" a single, pan-European financial services…
ECB Monthly Bulletin, July 2002
REPORT - The European Central Bank published its July 2002 Monthly Bulletin on 11 July. The ECB reiterated its current wait-and-see stance on interest rates, saying inflation remained a concern but mixed signals about the state of the euro zone economy…
European Central Bank Consultation Announcement
ANNOUNCEMENT - Oversight standards for euro retail payment systems, 8 July.
Oversight standard for euro retail payment systems
REPORT - European Central Bank Document for public consultation, 8 July.
Speech by Wim Duisenberg, ECB President, 5 July
SPEECH - In his opening remarks to the International Research Forum on Monetary Policy Duisenberg said we have issues to address at the Forum which are at the heart of monetary policy-making, and which are of great relevance to central bankers worldwide.
Speech by Otmar Issing of the ECB, 5 July
SPEECH - In a speech titled 'Some reflections on handling monetary policy in a global environment' Issing said that coordinated policy action by central banks of the type seen after the September 11 attacks would likely remain limited to exceptional…
Trichet backed as Duisenberg's successor at ECB
GERMANY - Edmund Stoiber, currently leading to race to become German chancellor, issued strong backing for Bank of France governor Jean Claude Trichet as the best successor to Wim Duisenberg as European Central Bank president. Paris prosecutors recently…
Eurosystem currency reserves unchanged this week
GERMANY - The European Central Bank said eurosystem net foreign currency reserves were virtually unchanged at 232.6 mln euro in the week ending 5 July.
ECB won't discuss freeing up for ex reserves
GERMANY - Central bank reserves of foreign currency which have been seen as one answer to the Government's public finance problems are not up for discussion, the European Central Bank said Friday.
ECB Press Conference
PRESS CONFERENCE - Transcript of the questions asked and the answers given by Dr. Willem F. Duisenberg, President of the ECB, Dr. Lucas Papademos, Vice-President of the ECB and Yves Mersch, Governor of the Banque centrale du Luxembourg, 4 July.
ECB Press Release
PRESS RELEASE - International Research Forum on Monetary Policy, 5 July.
ECB holds rates steady
GERMANY - The European Central Bank's governing council decided on Thursday to leave the eurozone's benchmark interest rate unchanged at 3.25 per cent.
Speech by Wim Duisenberg, ECB President, 2 Jul
SPEECH - Duisenberg said in his introductory statement to the European Parliament "I have seen some worrying developments in fiscal policy in some countries in the last few months," adding that it was vital that all countries had their budgets close to…