Euro
Skrzypek warns Poland against adopting the euro in final remarks
An article written by late president of the National Bank of Poland Slawomir Skrzypek warns against a premature euro entry, his death on Saturday may have implications on the central bank's stance on the single currency
Greece’s $40 billion bailout an improvement, but issues remain
Markets soothed as firm details of Greek rescue plan are announced, eurozone will provide €30 billion at discounted 5% rate for year forward, analysts less convinced
ECB: German bonds the European safe-haven
ECB paper shows investors sought refuge in German bonds as crisis struck
Trichet: credit agencies essential
In reply to a question from MEP Nikolaos Chountis, Jean-Claude Trichet highlights the importance of rating agencies
Likely euro adoption puts Estonia on positive watch
Fitch Ratings predicts Estonia will join Euro after Tallinn publishes debt figures
Central banks, not debt will kill growth: economist
Independent economist Roger Nightingale charges that debt on its own is not incompatible with growth, but raising rates will kill growth
The end is nigh for the eurozone over Greece
Economists Geoffrey Wood and Charles Dumas say the Greek debt crisis is set to tear asunder Europe’s poorly built Economic and Monetary Union, split over IMF bailout
Euro should not covet reserve role
Panellists in CentralBanking.com web seminar say becoming a reserve currency would hamper recovery
SNB’s Danthine denies franc float claims
Swiss National Bank governing board member Jean-Pierre Danthine denies his remarks hint at plans to float the Swiss franc
IMF highlights risks of FX swaps
IMF paper finds that the use of foreign exchange (FX) swaps for funding and hedging purposes is not as infallible as previously thought, especially in periods of market stress
Former Hungary governor “prepared” to return to government
Ex-National Bank of Hungary chief Zsigmond Járai says he is ready to accept a post in new government if opposition wins upcoming election
New rate-setters named in Poland
Poland’s president names three new members to the monetary policy council, newcomer says country has scant hope of meeting Maastricht criteria for euro adoption
Hungary to buy forint mortgage bonds to spur lending
Move by the National Bank of Hungary highlights concern over return to euro financing, seen as key cause of crisis
Towards a euro monetary fund
Daniel Gros and Thomas Meyer team up on fix aimed at stopping another Greece
ECB’s Stark places onus on deficit states
European Central Bank's Jürgen Stark says euro area’s deficit states must embrace economic reforms for the common good
Romania makes half-point cut
Romanian central bank lowers cost of borrowing despite above-target inflation
ECB winds up euro-franc swap line
The European Central Bank says it will let seven day euro-franc swap line expire at the end of January in a further sign that it is withdrawing extraordinary support measures
Denmark surprises with second cut in a week
National Bank of Denmark cuts key rate by a further ten basis points on Thursday in a bid to hold back krone
Estonia ready for euro in 2011
Bank of Estonia publishes Report on the Adoption of the Euro
Euro counterfeits soar 30%
ECB statistics show 860,000 forged euro banknotes recovered in 2009
SNB will intervene to control franc: Hildebrand
Switzerland's Philipp Hildebrand says he will monitor the performance of the franc; gains have weakened Swiss exports
Denmark lops off 5 basis points to contain krone
National Bank of Denmark cuts its key rate to 1.15%, as the latest in a series of reductions since last August to halt krone appreciation
Bank of Finland’s Huhtala on reserve management post-crisis
Heli Huhtala, the head of investments in the Banking Operations Department at the Bank of Finland, discusses how the crisis will change the thinking on central banks’ reserve-management strategies
Kazakhstan latest to step away from dollar
The National Bank of Kazakhstan, which has seen foreign currency reserves drop sharply, shifts towards euro on fears over the dollar’s weakness