European Central Bank (ECB)
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.
Eurozone economy to grow 2.5% at year-end
SPAIN - The rate of economic recovery in the eurozone is unclear but the economy should probably be growing at about 2.5 per cent at the end of this year, European Central Bank (ECB) vice-president Christian Noyer said on Sunday.
Speech by Wim Duisenberg, ECB President, 8 May
SPEECH - In a speech titled 'What are the political consequences of the euro?' Duisenberg said that money is one of the most powerful symbols of a common identity and it is now shared by the 12 European countries of the eurozone.
ECB Monthly Bulletin, May 2002
REPORT - The European Central Bank published its April 2002 Monthly Bulletin on 9 May.
Noyer - euro upside not just due to dollar value
GERMANY - European Central Bank vice president Christian Noyer said the overvaluation of the US dollar on the currency markets is not the only reason why he is confident about the euro's upside potential.
ECB Press Release
PRESS RELEASE - Annual report of the Anti-Fraud Committee and the reply of the European Central Bank to the report, 3 May.
Duisenberg - ECB wants supervision structure role
GERMANY - European Central Bank president Wim Duisenberg said the ECB wants to play a key role in any move to increase cooperation between central banks and other financial sector supervisory authorities in the euro zone. He also spoke on Le Pen's threat…
ECB Press Release
PRESS RELEASE - Monetary Policy Decisions, 2 May.
Eurozone interest rates left unchanged
EUROPE - Interest rates in the 12-nation eurozone have been kept on hold as expected at a regular ECB meeting held Thursday.
Flag protest
NETHERLANDS - The wife of the President of the European Central Bank hung a Palestinian flag from a second-floor balcony of their home here in protest against Israel's actions in the West Bank. Wim Duisenberg refused to comment on the stance taken by…
Transcript of interview with Ernst Welteke
FEATURE - The FT spoke to Ernst Welteke, president of the Deutsche Bundesbank, on his visit to London on Monday 28 April. The interview was published on Wednesday and here we reproduce it in its entirety. He was sceptical about plans to publish the…