Eurozone
ECB keeps rates steady
The European Central Bank left its benchmark interest rate unchanged at 3% as expected.
The euro as an invoice currency
A new ECB working paper investigates the determinants of currency invoicing in international trade.
Monetary policy "still very accommodative" - Weber
Interest rates will rise as the Eurozone's economy continues to grow, said Axel Weber, the president of the Bundesbank.
ECB paper on central banking operations
A new paper from the European Central Bank models bidding behaviour in central bank open market operations.
Securities Settlement Service may cut costs
Costs for securities settlement services could fall as much as 20% if the European Central Bank sets up a single platform in the eurozone, a person familiar with the deliberations told Dow Jones Newswires Thursday 17 August.
ECB Monthly Bulletin, August 2006
The European Central Bank published its August 2006 Monthly Bulletin on Thursday 10 August. In the report the ECB said it will raise interest rates further to contain inflation if the eurozone economy develops as it expects.
Slovakia pledges 2009 for euro adoption
In an interview with the Financial Times, Slovakia's finance minister Jan Pociatek said, "It is my personal responsibility to follow the euro commitment," allaying fears that the new leftist government might delay the adoption of the single currency.
ECB Government Finance Statistics Guide
The European Central Bank published a guide to the statistical reporting requirements of the ECB in the field of Government Finance Statistics on Friday 4 August.
ECB's Liebscher says ECB may raise rates higher
European Central Bank council member Klaus Liebscher was quoted on Monday 7 August as saying in an interview that the eurozone central bank is ready to raise interest rates further.
ECB's Bini Smaghi sees further policy tightening
European Central Bank executive committee member Lorenzo Bini Smaghi said in an interview published Sunday 6 August that he sees further increases in euro zone interest rates in the next months.
ECB announces changes in senior management
The Executive Board of the European Central Bank (ECB) announced Thursday 3 August it has decided on some changes in the senior management.
ECB paper on credit risk mitigation
The ECB Occasional Paper "Credit risk mitigation in central bank operations and its effects on financial markets: the case of the Eurosystem" reviews the role and effects of the collateral framework which central banks, and in particular the Eurosystem,…
Trichet says further rate rises may be 'warranted'
European Central Bank president Jean-Claude Trichet said Thursday 3 August more interest rate increases may be "warranted" after the bank increased eurozone rates for the fourth time in eight months.
Monetary conservatism and fiscal policy
This European Central Bank Working Paper, published 27 July, asks whether an inflation conservative central bank remains desirable in a setting with endogenous fiscal policy.
Counterfeiters finally crack the Euro note
According to this article published on The New Zealand Herald's website on Wednesday 2 August, the amount of counterfeit currency discovered in the 12 euroland countries is now running at 600,000 notes a year - roughly the same as before the single…
ECB paper on fiscal policy in a monetary economy
The ECB Working Paper "Fiscal policy in a monetary economy with capital and finite lifetime" published 27 July develops a dynamic stochastic general equilibrium model with nominal rigidities, capital accumulation and finite lifetimes.
Comment: Has Trichet's gambit paid off?
The ECB heads into this week's monetary policy meeting with markets fully expecting a 25 basis point hike. Has the decision to have an unscheduled meeting, which effectively pre-announced the decision, changed the prospects for the course of eurozone…
Mersch on monetary policy-making in the euro area
In the speech 'Monetary policy-making in the euro area' given on 28 June Yves Mersch of the Central Bank of Luxembourg said since the introduction of the euro, inflation rates averaged slightly more than 2% in the euro area.
ECB paper on fiscal policy in a monetary economy
The ECB Working Paper "Fiscal policy in a monetary economy with capital and finite lifetime" develops a dynamic stochastic general equilibrium model with nominal rigidities, capital accumulation and finite lifetimes.
ECB paper on the impact of policy decisions
The ECB Working Paper "The impact of ECB monetary policy decisions and communication on the yield curve" analyses high-frequency changes in the euro area money market yield curve on dates when the ECB regularly sets and communicates decisions on policy…
Monetary policy rules in the pre-EMU era
The ECB Working Paper "Monetary policy rules in the pre-EMU era: Is there a common rule?" analyses the period 1993 to 1998 saying there is no clear agreement regarding the monetary policy pursued in the member countries during the convergence process.
ECB sets Nov 2007 date for TARGET2
The European Central Bank on Friday 21 July confirmed the starting date for its payment system TARGET2 as 19 Nov 2007.
Comment: Scorecard for the euro
When the single European currency was launched, its expected boost to trade was one of, if not the main, benefits promised. Two recent studies question whether this promise has been met.
ECB's Bini Smaghi on financial globalisation
In the speech 'Financial globalisation and integration: What's next? A forward-looking perspective' given on 18 July Lorenzo Bini Smaghi of the ECB said economic and financial imbalances between the main economic regions of the world continue to widen…