The European Central Bank (ECB) is publishing its Structural Issues Report today. This year, it deals with “Energy markets and the euro area macroeconomy”. The aim of this year’s report is to analyse the impact of energy price fluctuations on the euro area macroeconomy. The response of euro area output to large energy price changes is determined by the energy dependency and the intensity of production, as well as by the degree of flexibility of the economy more generally. (more…)
On 8 June 2010, In Alternative Investments, By staff
On 3 June 2010, In Alternative Investments, By staff
Within the framework of its collective responsibility for the overall functioning of the business areas of the European Central Bank (ECB), the Executive Board of the ECB agreed yesterday on the following distribution of responsibilities among its members, with immediate effect: (more…)
On 25 May 2010, In Alternative Investments, By staff
Euro area investment fund statistics March 2010
In March 2010, the amount outstanding of shares/units issued by euro area investment funds other than money market funds was higher than one quarter earlier in December 2009. This increase was due both to increases in share/unit prices and to net issues of shares/units. (more…)
On 21 May 2010, In Alternative Investments, By staff
EURO AREA BALANCE OF PAYMENTS IN MARCH 2010
In March 2010 the seasonally adjusted current account of the euro area recorded a surplus of EUR 1.7 billion. In the financial account, combined direct and portfolio investment recorded net outflows of EUR 38 billion (nonseasonally adjusted). (more…)
On 19 May 2010, In Alternative Investments, By staff
ECB LAYS THE FOUNDATION STONE FOR ITS NEW PREMISES
Today, the ECB marked the official start of construction works by laying the foundation stone for its new premises at the site of the former Grossmarkthalle in Frankfurt am Main. (more…)
On 12 May 2010, In Alternative Investments, By staff
EURO AREA SECURITIES ISSUES STATISTICS: MARCH 2010
The annual growth rate of the outstanding amount of debt securities issued by euro area residents decreased from 6.3% in February 2010 to 6.0% in March. For the outstanding amount of quoted shares issued by euro area residents, the annual growth rate decreased from 3.0% in February 2010 to 2.8% in March. (more…)
On 11 May 2010, In Alternative Investments, By staff
Items not related to monetary policy operations
In the week ending 7 May 2010 the decrease of EUR 1 million in gold and gold receivables reflected the sale of gold by one Eurosystem central bank (consistent with the Central Bank Gold Agreement that came into effect on 27 September 2009). (more…)
On 10 May 2010, In Alternative Investments, By staff
REACTIVATION OF US DOLLAR LIQUIDITY PROVIDING OPERATIONS
In response to the re-emergence of strains in U.S. dollar short-term funding markets in Europe, the Bank of Canada, the Bank of England, the European Central Bank (ECB), the Federal Reserve, and the Swiss National Bank are announcing the re-establishment of temporary U.S. dollar liquidity swap facilities. These facilities are designed to help improve liquidity conditions in U.S. dollar funding markets and to prevent the spread of strains to other markets and other financial centers. The Bank of Japan will be considering similar measures soon. Central banks will continue to work together closely as needed to address pressures in funding markets. (more…)
On 10 May 2010, In Alternative Investments, By staff
ECB DECIDES ON MEASURES TO ADDRESS SEVERE TENSIONS IN FINANCIAL MARKETS
The Governing Council of the European Central Bank (ECB) decided on several measures to address the severe tensions in certain market segments which are hampering the monetary policy transmission mechanism and thereby the effective conduct of monetary policy oriented towards price stability in the medium term. The measures will not affect the stance of monetary policy. (more…)
On 6 May 2010, In Alternative Investments, By staff
The ECB offered little new support to the region’s troubled bond markets at its monthly press conference. There was a faint hope ahead of the meeting that the council would take bold steps to address the crisis, for example via discussing bond purchases or adding liquidity to shore up confidence. However, Jean-Claude Trichet’s opening statement was notable for its lack of acknowledgement that the crisis had reached a more serious plane, preferring to simply endorse the latest Greek stability plan. (more…)
