ECB’s Nowotny Wants Steady-Hand Approach
Austria’s central bank governor Ewald Nowotny sat down with The Wall Street Journal Saturday on the sidelines of the International Monetary Fund meetings in Washington. He signaled a preference to keep ECB policies steady as officials gauge the effects of the EUR1 trillion in three-year loans they have issued to banks. He also praised the...
ECB Lets National Central Banks Veto Some EU Collateral
The ECB is giving its national central banks more leeway to reject certain types of securities issued by banks in Ireland, Portugal and Greece as collateral for ECB lending operations.
Draghi Defends ECB Balance Sheet Expansion
The European Central Bank president used his monthly press conference to take issue with a recent Wall Street Journal article on the ECB's balance sheet now exceeding three trillion euros after it pumped a total of one trillion euros in three-year loans into European banks.
Reducing Market Volatility Through Soccer
During the 2010 World Cup in South Africa, equity trades plunged an average of 45% at stock markets when the national team was playing.
Euro Zone Money Supply Offers Grim News
Annual money-supply growth, or M3, slowed to 1.6% in December from 2% in November, well below the ECB's 4.5% target rate. Private-sector lending was at its weakest since July 2010, suggesting more economic softness ahead.
Luxembourg Throws Twist Into Contest for ECB Post
Luxembourg has thrown an interesting twist into the contest to succeed Spain's Jose Manuel Gonzalez-Paramo on the ECB's Frankfurt-based executive board by nominating its central bank chief, Yves Mersch, for the post.
Different Audiences, Different Messages From Draghi
Mario Draghi has been all over the map in the past week, literally and figuratively. In testimony and press conferences that took the new European Central Bank president from Germany to France and, on Thursday, to Abu Dhabi, Mr. Draghi at first glance delivered decidedly mixed messages.
ECB Quantitative Easing Could Aid Europe, Research Suggests
The European Central Bank may want to reconsider its aversion to quantitative easing.
What Does ECB Sterilization Miss Mean?
For the first time in six months, the ECB failed to drain the full amount it spent on its government bond purchases. Is it the beginning of quantitative easing? Is money supply-induced inflation around the corner? Not quite.
Will ECB Take Rates Lower Than 1%?
Europe's debt crisis and recession will spur the ECBk to cut rates even lower than they ended in the wake of the global recession of 2008-2009, JPMorgan Chase economists said.
Don’t Count on ECB Riding to Rescue
European economists are increasingly convinced that the only solution to the escalating debt crisis is massive intervention by the European Central Bank. But a slew of remarks in the past 24 hours suggests officials aren't there yet.
Economists Forecast Longer, Deeper Euro Zone Recession
European Central Bank President Mario Draghi said Thursday the euro zone is heading for a "mild recession," the first ECB official to use the R-word. He appeared to have gotten the recession part right. But mild? That might be a bit too optimistic.
