Tag: European Central Bank

On 13 March, the Parliament rejected as too complex the European Central Bank's proposal to replace the current voting system in the Governing Council with a rotation system.

EU Finance Ministers examined the Stability and Convergence Programmes for Belgium, Ireland, Spain, Denmark and the UK on 18 February. The discussion on the UK budget confirmed the growing divergences of opinion on granting some flexibility in the EU's Stability and Growth rules.

French bank chief Jean-Claude Trichet goes on trial on 6 January for his alleged role in improper management of state-owned Crédit Lyonnais. The trial will be closely monitored at EU level, because Mr. Trichet was the most likely candidate to succeed ECB President Wim Duisenberg after his retirement in July 2003.

A new European Central Bank publication, "Financial sectors in EU accession countries", calls on the candidate countries to complete the transition process and ensure sound banking supervision.

The EP's Economic and Monetary Affairs Committee (EMAC) has endorsed the nomination of Mr Lucas Papademos as Vice-President of the European Central Bank.

The International Monetary Fund (IMF) has suggested that the European Central Bank (ECB) should cut interest rates due to the slump in the world economic growth, according to reports in the media. The recommendation, leaked to the Italian press, is part of the IMF's latest World Economic Outlook, which is due to be published before the IMF's annual meeting in Washington at the end of August.

ECB shakes financial markets with surprise quarter percentage point rate cut

In spite of increased pressure, European Central Bank decides to leave interest rates unchanged

The ECB projects strong growth over next two years, regardless of cautionary signals received from slowdown in US economy.

The European Central Bank (ECB) intervened for the fourth time in a week in an effort to prop up the euro

Unilateral interventions by the European Central Bank to boost the recovery of the Euro failed on Friday 3 November

The President of the ECB, Wim Duisenberg, came under heavy fire over recent comments on the need for intervention on currency markets

The European Central Bank is expected to raise its interest rates at its coming meeting on 31 Aug.

The European Central Bank raised interests rates by a higher-than-expected 0.50% to 4.25%.

ECB's governing Council has decided to leave interest rates steady

With the fall of the euro, the European Central Bank is coming under more pressure to raise interest rates