EUROPEAN CENTRAL BANK

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BOJ says turmoil will linger

Global financial turmoil prompted the Bank of Japan to hold rates on Thursday and warn the tremors would take time to settle, as stock markets climbed in spite of fresh strife stemming from the ravaged U.S. home loan market.

Fears abate but still linger post-Fed

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Policymakers and investors breathed a sigh of relief on Monday as Federal Reserve action brought calm to shaken financial markets, but experts said it was too soon to discount a global credit crisis.

Central banks add money for third day

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Central banks in the world's leading economies pumped money for a third day into the financial system on Monday, but in smaller amounts as investor nerves steadied over the dangers of a credit squeeze.
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ECB policymaking not hamstrung by consensus decisions

The European Central Bank's preference for making interest rate decisions by consensus rather than a majority vote by policymakers, like most central banks, has been criticized for being clumsy and slow.
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Cut the Gobbledygook, World Financiers Told

ngel Gurria of the OECD, an economics think-tank, believes bankers and economists must speak simply, whatever their mother tongue, and he made the point while attending one of the world's biggest gatherings of financial leaders, in Singapore.
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ECB Could Raise Interest Rates

Top European Central Bank policymakers on Friday left open the possibility of a bigger than expected rate rise as the ECB's chief expressed dissatisfaction with inflation running above target.

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