European System of Central Banks

By Sotiris Nikas

 Frankfurt can control the flow of cash in the domestic credit system and therefore the state?s liquidity

By Dimitris Kontogiannis

Eight of the twenty-three analysts surveyed by business channel CNBC-e expect the Central Bank of Turkey (CBT) to cut its policy rate of 8.25 percent at the monetary policy committee?s rate-setting meeting on Jan. 20.

By George Georgiopoulos

Greece's central bank has moved to protect its banks from any fallout from the coming general election, asking the European Central Bank to approve a stand-by domestic emergency funding line, a Bank of Greece official said on Saturday.

By Mike Peacock

After a head-spinning bout of volatility, next week will be dominated by one question: Will the European Central Bank take the ultimate policy leap or pull its punches?

The ECB could launch a government bond-buying program with new money as soon as its Jan. 22 meeting, although Greek elections three days later are a complication.

The European Central Bank has devised a bond-buying program that will be acceptable to Germany, which has voiced deep reservations about the measure, the weekly news magazine Der Spiegel reported on Friday.

Bulgaria's central bank deputy governor Dimitar Kostov is the most likely successor to Tsvetan Gounev as head of the bank's Banking Supervision Department if Parliament dismissed Gounev, 24 Chasa news daily reported on Thursday without quoting sources.

A European Central Bank bond-buying plan floated in 2012 would not break EU law subject to certain conditions, a top adviser to the European Union's highest court said on Wednesday.

Greece's central bank said on Sunday that the situation with deposit outflows from the country was under control, as it tried to reassure markets ahead of a Jan. 25 snap election.

Greek media have reported that there have been significant deposit outflows in recent days due to political uncertainty two weeks ahead of early elections.

By Stefan Riecher

The European Central Bank should slow its rush toward fresh stimulus as current measures haven?t had time to work and challenges including Greece?s political crisis make buying government bonds difficult, Governing Council member Ardo Hansson said.