European Central Bank (ECB)

ECB's Noyer - Governing council may need change

UK - European Central Bank Vice President Christian Noyer said Monday that the ECB governing council may need to be reformed when accession countries from southern and eastern Europe eventually adopt the single currency.

Euro preparations are "catching up":Duisenberg

Belgium - Wim Duisenberg, the European Central Bank president, speaking at the European Union's Committee of the Regions yesterday said that small and medium-sized enterprises (SMEs) were "rapidly catching up" in time for Euro-day when notes and coins…

EU candidates should avoid forex fluctuations

UK - Countries seeking to join the European Union will be well-adviced to avoid excessive exchange rate fluctuations against the euro, European Central Bank Vice President Christian Noyer said Monday.

ECB's Padoa Schioppa sees no more cuts now

ITALY - Tommaso Padoa Schioppa, a member of the European Central Bank's council, said he doesn't see the euro-zone central bank cutting interest rates again in the foreseeable future, according to an interview with La Repubblica Saturday.

ECB lowers interest rates to 3.25%

EUROPE - The European Central Bank (ECB) has slashed its key interest rate by half a percentage point to 3.25%, its fourth cut this year and bigger than many economists had dared to hope.

Duisenberg gives green light for ECB rate cut

EUROPE - European Central Bank President Wim Duisenberg appeared Monday to give the green light for an interest rate cut this week as euro-zone finance officials sounded a cautious note about the economic outlook for the 12-member bloc.

Buba Welteke - ECB rate policy no hinder to growth

GERMANY - The European Central Bank's interest rates aren't an obstacle to growth, long-term and real interest rates are low and the ECB must avoid letting long-term inflation expectations build up, Deutsche Bundesbank President Ernst Welteke repeated,…

EU commission likely to propose ECB board reforms

ARTICLE - The impetus for a reform of the European Central Bank's Governing Council to prepare it for EU enlargement will almost certainly have to come from Brussels as agreement among existing ECB members will be problematic, a source close to the issue…

ECB: Monetary conditions not hindering growth

SPAIN - Current monetary conditions in the euro zone aren't hindering growth, European Central Bank executive board member Eugenio Domingo Solans said Wednesday, echoing similar remarks made recently by other ECB Governing Council members.

ECB gold reserves to 26 October

GERMANY - The Eurosystem's net reserves of gold and gold receivables declined by EUR1 million to EUR128.2 billion in the week ended 26 October, the European Central Bank said Tuesday.

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