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ECB's Papademos on Financial Integration in Europe
In a speech at the press conference for the first publication of the report "Financial Integration in Europe - March 2007" given on 28 March Lucas Papademos of the ECB said the lag time between changing the interest rate and seeing its affect on price…
BoE's Clark on models of financial stability
In the speech 'Analytical models of financial stability' given on 28 March Alastair Clark of the Bank of England said further ahead, a framework does now seem to be emerging within which a more systematic discussion of financial risks can take place.
Putting Bernanke's testimony in perspective
According to this article from MarketWatch, published Wednesday 28 March, the Federal Reserve's announcement last week that it was adopting a neutral bias on interest rate policy could turn out to be a fairytale that doesn't come true.
Gonzalez-Paramo: Inflation risks still on upside
European Central Bank board member Jose Manuel Gonzalez-Paramo said Wednesday 28 March the eurozone still faces significant inflation risks.
IMF report says ECB has room for hikes - FT
The International Monetary Fund (IMF) said the European Central Bank (ECB) has more room for further interest rate increases if eurozone growth improves further, the Financial Times said Wednesday 28 March, citing a draft copy of the IMF World Economic…
Report says BOT asks lenders to adjust FX
Bank of Thailand has asked some commercial banks in the country to adjust their foreign-exchange positions back to where they were at the end of last year in an effort to curb the baht's appreciation, the Wall Street Journal reported Wednesday 28 March.
Mboweni says RBZ can't be blamed for economy
South African Reserve Bank governor Tito Mboweni said on Tuesday 27 March that Zimbabwe's central bank can do little to curb rampant inflation as the causes are largely political.
Fed's Bernanke on the economic outlook
In testimony "The economic outlook" given on 28 March Ben Bernanke of the Federal Reserve said growing troubles in the market for risky mortgages thus far don't appear to be spreading to the overall economy but the situation bears close watching.
BOT's Watanagase on the Thai economy
In the speech 'The prospects of the Thai economy and monetary policy' given on 16 March Tarisa Watanagase of the Bank of Thailand said the Bank of Thailand has played an important role in strengthening the financial infrastructure following the…
NBP's Rybinski on the payment system in Poland
In the speech 'SEPA and the payment system in Poland' given on 14 March Krzysztof Rybinski of the National Bank of Poland said an aspect which deserves particular attention in the discussion on SEPA is the harmonisation of the law within the payment area.
Yilmaz on the economic outlook for Turkey
In the speech 'Economic outlook for Turkey' given on 11 January (published 23 March) Durmus Yilmaz of the Central Bank of the Republic of Turkey said as a result of the process of structural change and the progress obtained in macroeconomic conditions in…
Fed's Braunstein on subprime mortgages
In the speech 'Subprime mortgages' given on 27 March Sandra Braunstein of the Federal Reserve said the Federal Reserve has "great concern" about the surge in mortgage delinquencies and foreclosures.
Paper: The Eurosystem, Fed and Bank of Japan
The ECB Working Paper "The Eurosystem, the US Federal Reserve and the Bank of Japan: similarities and differences" provides a systematic comparison of the Eurosystem, the US Federal Reserve and the Bank of Japan.
RBA appoints new deputy governor
The Reserve Bank of Australia announced Wednesday 28 March the appointment of Dr Guy Debelle as assistant governor for financial markets.
EU agrees cross-border payment plan
EU finance ministers on Tuesday 27 March agreed a plan to make cross-border payments more efficient throughout the 27-nation bloc and set new rules to limit political interference in banking takeovers.
Bernanke says Chinese $ holdings not problem
China`s accumulation of United States debt is not a problem for the US or for the Federal Reserve monetary policy, Federal Reserve chairman Ben Bernanke said in a letter dated 16 March but released on Monday 27 March.
ECB's Garganas says maybe more work on rates
European Central Bank council member Nicholas Garganas said in an interview published Tuesday 27 March that the ECB may not be finished raising interest rates.
Pianalto says FOMC eyeing inflation risks
The Federal Reserve is keeping an eye on inflation because of a risk that price growth will not moderate as much as it had expected, Cleveland Federal Reserve president Sandra Pianalto said on Tuesday 27 March.
Fukui says natural unemployment rate unknown
Bank of Japan governor Toshihiko Fukui said Tuesday 27 March that a natural rate of unemployment that would not trigger steep inflation in Japan has not yet been accurately estimated.
BoE's King on the inflation outlook
In opening remarks at an appearance before the parliamentary Treasury Select Committee, Bank of England governor Mervyn King said further volatility in inflation is likely in the coming months as retail gas and electricity prices fall.
Has the dollar met its date with destiny?
According to this article from MoneyWeek, published Monday 26 March, the dollars steady decline on the foreign exchange markets seems certain to gather momentum.
NY Fed's Geithner on credit markets innovations
In the speech 'Credit markets innovations and their implications' given on 23 March Timothy Geithner of the Federal Reserve Bank of New York said turbulence in the U.S. market for high-risk mortgages is not likely to have a long-lasting effect on broader…
Perhaps the FOMC did what it said it did
The Bank of Canada Working Paper "Perhaps the FOMC did what it said it did: An alternative interpretation of the great inflation" uses real-time briefing forecasts prepared for the Federal Open Market Committee (FOMC) to provide estimates of historical…
Deutsche Bundesbank Monthly Report, February 2007
The Deutsche Bundesbank published the English version of its February 2007 Monthly Report on Tuesday 27 March. The report said German economic growth may soon pick up steam again after a slight and temporary disruption caused by government fiscal…