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Europe Daily Bulletin No. 8888

15 February 2005
Contents Publication in full By article 33 / 41
GENERAL NEWS / (eu) eu/ecb
Changes to Eurosystem's operational framework for monetary policy helps to stabilise money market participants

Brussels, 14/02/2005 (Agence Europe) - In its February issue, the monthly magazine of the European Central Bank (ECB) provided an assessment of the changes to Eurosystem's operational framework as part of its effort to implement monetary policy. Under the old system, credit institutions experienced changes in the cost of obtaining liquidity during a reserve maintenance period as a result of a decision by the ECB on interest rates. Speculation by credit institutions on rates was often due to...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
WEEKLY SUPPLEMENT