Eurozone
Sweden's Persson on monetary policy
In the speech 'Monetary policy - experiences and thoughts on the future' given on 13 January Kristina Persson of the Sveriges Riksbank said two professors, Francesco Giavazzi and Frederic Mishkin, have examined how well the Riksbank has succeeded with…
ECB paper on the US housing market
The ECB Working Paper 'Regional housing market spillovers in the US: lessons from regional divergences in a common monetary policy setting' seeks to quantify the importance of state-level housing price spillovers and interest rate shocks to house price…
Merkel worried by debate on ECB independence
German Chancellor Angela Merkel spoke out on economic issues in an interview Saturday 13 January, defending the independence of the European Central Bank against euro critics and calling for closer ties with the US.
ECB says 265,000 counterfeit euro notes detected
The European Central Bank said Friday 12 January a total of 265,000 counterfeit euro banknotes were removed from circulation during the second half of last year.
Trichet says 'very close monitoring' on price risk
European Central Bank president Jean-Claude Trichet told a press conference on Thursday 11 January that the ECB will act in a "firm and timely manner" to ensure price stability but did not reintroduce a commitment to exercise "vigilance" on inflation…
Germany's Steinbrueck defends ECB independence
Germany said Thursday 11 January it would not put up with any change in the independence of the European Central Bank.
OECD says ECB rates still below neutral level
The OECD said Thursday 4 January European Central Bank interest rates are still below a 'neutral' level and continue to stimulate activity in the euro zone.
ECB member bank buys gold
The Daily Telegraph in London reported Wednesday 3 January that a member of the European Central Bank system had begun buying bullion, the first such purchase in years.
Israel's Fischer on dollarization
In the speech 'Dollarization' given on 15 December Stanley Fischer of the Bank of Israel asks if dollarization, including full dollarization, should be avoided, why join EMU?
ECB's Tumpel-Gugerell on TARGET2-Securities
In the speech 'TARGET2-Securities meeting with market participants' given on 18 December Gertrude Tumpel-Gugerell of the ECB said safe and efficient clearing and settlement systems are essential for the overall functioning of the financial market and for…
ECB's Trichet on the eurozone economy
In testimony to the European Parliament given on 20 December Jean-Claude Trichet of the ECB warned that eurozone inflation could rise and hover around 2 pct in both 2007 and 2008.
ECB Research Bulletin, December 2006
The European Central Bank launched a new regular publication on 20 December: the Research Bulletin. The edition includes an article on central bank communication by Michael Ehrmann.
Sharp FX moves not in global interest - Trichet
European Central Bank President Jean-Claude Trichet said on Wednesday 20 December that sharp and abrupt moves in currencies would not be in the interests of Europe, the US or the global economy.
ECB report on accounting standards
The European Central Bank (ECB) on 19 December published a report entitled "Assessment of accounting standards from a financial stability perspective" prepared by the ESCB Banking Supervision Committee.
Deutsche Bundesbank Monthly Report, November 2006
The Deutsche Bundesbank published the English version of its November 2006 Monthly Report on Thursday 14 December. The report said euro- zone interest rates are still very low and inflation risks persist despite a recent drop in the inflation rate.
Trichet on defensive over ECB political attacks
European Central Bank president Jean-Claude Trichet defended the ECB against attacks by French politicians in an interview published Monday 18 December, saying that it has a mandate from governments and voters which guarantees its independence from…
ECB's Stark says eurozone rates still low
European Central Bank (ECB) Chief Economist Juergen Stark said Thursday 14 December the bank's interest rate policy is still accommodative and noted that levels are low.
Buba's Weber says ECB won't bow to rate pressure
The European Central Bank will definitely not put off possible further rises in interest rates to avoid potential clashes with eurozone politicians, Bundesbank President Axel Weber said Friday 15 December in an interview with the Frankfurter Allgemeine…
ECB Monthly Bulletin, December 2006
The European Central Bank published its December 2006 Monthly Bulletin on Thursday 14 December. In the report the ECB said it will act decisively if necessary to keep inflation pressures in check.
Papademos on the ECB's Financial Stability Review
In opening remarks to the ECB's Financial Stability Review press conference given on 11 December Lucas Papademos of the ECB said robust growth of credit to the euro area private sector could pose an upside risk to price stability.
ECB's Financial Stability Review, December 2006
The European Central Bank published its December 2006 Financial Stability Review on 11 December. In the report the ECB said the euro area financial system has proven resilient to adverse disturbances.
Side effects for ECB transparency
This article from the Financial Times, published Monday 11 December, says that a mixture of good luck and good judgment has made this a good year for the ECB.
Villepin wants clarification of ECB role
French Prime Minister Dominique de Villepin called on Monday 12 December to "clarify the roles" of European Central Bank (ECB), amid talk regarding the recent high levels of the euro.
Papademos on the global importance of the euro
In the speech 'The global importance of the euro' given on 17 November Lucas Papademos of the ECB said the share of the euro in global official foreign exchange reserves increased during the first few years following its introduction, but has remained…