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Too much secrecy in appointing the Bank's MPC
Writing in the Financial Times on Friday 7 July, UK shadow chancellor George Osborne says the appointment process to the Bank of England's Monetary Policy Committee has been brought into sharp focus with the MPC down to seven of its full complement of…
Carstens on reshaping the IMF's role in the 21st C
In the speech 'Reshaping the IMF's role in the 21st century' given on 29 June Agustin Carstens of the IMF said the development of a medium-term strategy for the IMF has been a process rich in debate within and, more importantly, outside of the…
Iwata on monetary policy under the new framework
In the speech 'The conduct of monetary policy under the new framework' given on 8 June (published 7 July) Kazumasa Iwata of the Bank of Japan said against a background of high crude oil prices, major countries around the world are in the process of…
Remsperger at the Monetary Stability Foundation
In welcome remarks to the Third conference of the Monetary Stability Foundation "Challenges to the financial system - ageing and low growth" given on 6 July Hermann Remsperger of the Bundesbank said the Foundation has now more or less completed its start…
Buba's Weber on challenges to the financial system
In the speech 'Challenges to the financial system - ageing and low growth' given on 6 July Axel Weber of the Bundesbank said while the world economy continues to see strong growth, the euro area's economic upswing remains by comparison rather sluggish.
Papademos on price stability & financial stability
In the speech 'Price stability, financial stability and efficiency, and monetary policy' given on 7 July Lucas Papademos of the ECB said transparency in monetary policy is important for financial stability and financial efficiency.
Bank of Latvia - Annual Report 2005
According to the Bank of Latvia's Annual Report 2005, Latvia remained the EU Member State reporting the highest GDP growth in 2005, which was supported by domestic demand and rapidly expanding exports.
Comment: The ECB's gamble
The president of the ECB, Jean-Claude Trichet, has announced that the central bank will take the highly unusually step of meeting in person on 3 August, rather than conduct the scheduled conference call. In doing so, Trichet has effectively pre-announced…
Interview with Central Bank of Russia's deputy
In an interview published on Thursday 6 July, Central Bank of Russia deputy chairman Konstantin Korishchenko told Prime-Tass Russia's inflation rate is increasingly dependent on international capital flows.
Kohn with reflections on globalization & policies
In the speech 'Reflections on globalization and policies' given on 6 July Donald Kohn of the Federal Reserve said he was aware of the risk of raising rates more than necessary but saw a need for higher global interest rates to maintain stability.
BOJ will conduct appropriate policy for economy
Bank of Japan governor Toshihiko Fukui reiterated on Thursday 6 July that the central bank will implement appropriate monetary policy by fully checking economic and price conditions.
Panel recommends BOJ disclosure rules
An advisory panel on Thursday 6 July recommended that the Bank of Japan should require its top officials to disclose personal financial assets.
Morgan Stanley economist linked to BoE post
AFX News reported on Thursday 6 July that David Miles, managing director and chief UK economist at Morgan Stanley, has been approached to join the Bank of England's Monetary Policy Committee.
Europe suffers worrying wave of financial chaos
According to this article published Wednesday 5 July by Bloomberg, Europe is increasingly encircled by financial woes. Emerging markets are being hit by a wave of selling, sending currencies falling and interest rates jumping.
Trichet gives strong hint on August rate rise
European Central Bank president Jean-Claude Trichet said Thursday 6 July that the ECB governing council will meet in person on 3 August rather than by teleconference, as it normally does for its early August policy meeting.
Norges Bank Economic Bulletin, July 2006
Norges Bank published its July 2006 Economic Bulletin on Thursday 6 July. The latest Bulletin includes: "Review of the ECB's strategy and alternative approaches," a speech by Jan Qvigstad, Chief Economist, Norges Bank and "Norges Bank's management of…
Garganas on regional financial stability
In the speech 'Regional financial stability around the Eurozone' given on 1 June Nicholas Garganas of the Bank of Greece said it is important to recognize that, as the financial systems of South-Eastern European countries are liberalized and their…
Tumpel-Gugerell on European financial integration
In the speech 'European financial integration and the financial system' given on 6 July Gertrude Tumpel-Gugerell of the ECB said economic growth and prosperity was one of the main goals for the establishment of the European Union. The next hurdle is now…
Fed Reserve Bank of St Louis Review, Jul/Aug 2006
The latest edition of the St Louis Fed's Review for Jul/Aug 2006 includes the article 'Is the United States bankrupt?' The paper offers three policies to eliminate the nation's enormous fiscal gap and avert bankruptcy.
National Bank of the Kyrgyz Rep - Annual Report 05
According to the National Bank of the Kyrgyz Republic's Annual Report 2005, despite the slowing down of the economy in 2005, the monetary policy of the National Bank enabled to ensure low inflation.
Comment: All eyes on Trichet
All but two of the 43 economists polled by Bloomberg recently expect the European Central Bank (ECB) to keep interest rates at 2.75% this week. All eyes will, however, be on the central bank's president, Jean-Claude Trichet, to see if he alludes to the…
Turkish PM says central bank fulfilling duties
Turkish Prime Minister Recep Tayyip Erdogan indicated in a speech that Turkey's central bank was fulfilling its tasks.
Myanmar moves central bank headquarters
The Central Bank of Myanmar on 5 June moved its headquarters to Naypyidaw, the new administrative capital, The Myanmar Times reported.
Soccer star Kewell could transfer to RBA
A recent poll of business leaders and economists, reported by The Age, shows that Reserve Bank of Australia deputy governor Glenn Stevens is the most preferred candidate to succeed governor Ian Macfarlane.