Euro

Trichet backing ECB against meddling

Jean-Claude Trichet of the European Central Bank rejected French presidential candidates' criticism of the eurozone central bank, insisting in an article published Sunday 29 April that the majority of French citizens support the bank's actions.

Hungary's Simor on the road to the euro

In the speech 'On the road to the euro - good governance and effective partnership' given on 19 April Andras Simor of the Central Bank of Hungary said at the central bank, as in every organisation, a balance needs to be created between corporate and…

Papademos on the ECB's Annual Report

In a speech given on 23 April Lucas Papademos of the ECB said with regard to structural reforms, euro area countries have become increasingly aware in recent years of the need to adjust to the challenges of increased global competition.

ECB member positive on low eurozone inflation

ECB Executive Board member Gertrude Tumpel-Gugerell said in an interview with Viennese daily Der Kurier that Europe's growth prospects remained "very positive" and eurozone inflation will probably stay below 2% this year.

Garganas says press reports wrongly quote him

Bank of Greece governor and European Central Bank committee member Nicholas Garganas issued a press release Monday 23 April denying making a statement in press reports that a stronger euro may mean the ECB doesn't have to raise interest rates again.

Trichet on the euro and the dollar

In closing remarks at 'The euro and the dollar: pillars in global finance' conference given on 17 April Jean-Claude Trichet of the ECB said a number of indicators point to increasing cross-border banking activities in the euro area, such as the growing…

Interview with SNB's Jean-Pierre Roth

In an interview with Bloomberg published Monday 16 April, Swiss National Bank president Jean-Pierre Roth said a fall in the Swiss franc's value against the euro reflects turbulence on financial markets rather than developments in the domestic economy.

ECB's Trichet at the Transatlantic Roundtable

In keynote luncheon remarks at the conference 'Transatlantic Roundtable on Finance and Monetary Affairs' given on 13 April Jean-Claude Trichet of the ECB said that in terms of integration the euro area retail banking markets have further to go.

ECB says rates are boosting growth

European Central Bank president Jean-Claude Trichet told a press conference Thursday 12 April the ECB's interest rates are still boosting economic growth after seven increases since late 2005, leaving open the possibility of a further move.

IMF World Economic Outlook, April 2007

The International Monetary Fund published its World Economic Outlook April 2007 on 11 April. In the report the IMF said the European Central Bank should raise interest rates again this summer, and further tightening moves may also be necessary after that.

BOJ's Hirano says euro strength not to be G7 topic

Finance ministers and central bankers from the world's richest countries are unlikely to focus on the euro's strength against the dollar and yen next week, former Bank of Japan executive director Eiji Hirano said Tuesday 4 April.

Why Czechs must put Euro on the back-burner

In an interview with the Financial Times, published Tuesday 3 April, the Czech central bank governor warned public finances need to be brought under control if the country wants to join the euro.

Sarkozy wants `real conversation' with ECB

French presidential candidate Nicolas Sarkozy told reporters Monday 2 April he wants a "real conversation" with the European Central Bank on monetary policy, seeking a weaker euro currency to increase competitiveness.

BoE's Gieve on the City's growth

In the speech 'The City's growth: The crest of a wave or swimming with the stream' given on 26 March John Gieve of the Bank of England said the City of London looks set to consolidate its position as a top financial centre as the gap between the US and…

Karvalits says Hungary can reach CPI goal

The Hungarian central bank's (NBH) medium-term inflation goal can be reached even at an exchange rate weaker than the current one, Ferenc Karvalits, nominated as deputy governor said on Monday 26 March.

Gaspari says eurozone inflation under control

Outgoing European Central Bank council member Mitja Gaspari said in an interview published Friday 23 March inflation in the 13 euro nations is ``under control'' and it's not yet time to talk about further interest-rate increases.

NBS intervenes to halt crown appreciation

Following the ECB's announcement that the central parity of the Slovak crown has moved from Sk38.455 per euro to Sk35.4424 per euro, the National Bank of Slovakia intervened Tuesday 20 March on the Slovak FOREX market.

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