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ECB's Gonzalez-Paramo on global imbalances
In the speech 'Central banks and global imbalances: Introduction to the round table' given on 9 June Jose Manuel Gonzalez-Paramo of the ECB said the ECB takes account of the euro's exchange rate when it sets interest rates, but it is only one factor in…
RBNZ Monetary Policy Statement, June 2006
The Reserve Bank of New Zealand published its June 2006 Monetary Policy Statement on 8 June. The report said that recent economic activity has been weaker than projected in the March Monetary Policy Statement. However, the short-term inflation outlook…
Kohn: Nomination as Vice Chairman to the Board
In testimony given on 8 June Donald Kohn of the Federal Reserve said that rising prices had raised an inflation "warning flag" that demanded attention, in the latest hawkish remarks from central bank policymakers.
Brazil's Meirelles says growth is sustainable
In an address to foreign investors on the first day of the International Conference of American Chambers of Commerce in Latin America, the president of Brazil's central bank, Henrique Meirelles, affirmed that Brazilian growth is sustainable.
BOJ urged to maintain zero rate policy
Japan's government has urged the central bank to maintain its zero interest rates policy in order not to choke off the country's economic recovery.
Caruana at the ECB's Governing Council Dinner
In a speech given on 7 June Jaime Caruana of the Bank of Spain said the ECB's monetary policy has been positive for the euro zone economy, but it needs to be supported by economic reforms by euro zone governments.
Bank of Spain governor appointed to IMF post
The IMF said Wednesday 7 June it has appointed Bank of Spain governor Jaime Caruana as head of a new IMF department that will be responsible for all aspects of the Fund's financial, capital market and monetary work.
Macklem on floating dollar, anchored inflation
In the speech 'Floating Dollar, Anchored Inflation: The Role of the Exchange Rate in Canada's Monetary Policy Framework' given on 8 June Tiff Macklem of the Bank of Canada said the Canadian dollar's rapid recent appreciation reflects strong demand for…
ECB raises rates, sees further hikes ahead
European Central Bank president Jean-Claude Trichet said Thursday 8 June that the ECB is likely to raise interest rates again in future if the euro zone economy continues to recover.
Comment: Rates on the up
Monetary policymakers from Mumbia to Madrid to Pretoria stepped firmly on the monetary brakes yesterday, with no less than six central banks hiking rates.
Rosenberg on the Riksbank's forecasts & mon policy
In the speech 'The Riksbank's forecasts and current monetary policy' given on 8 June Irma Rosenberg of the Sveriges Riksbank said she believes it is time for less expansionary monetary policy.
Regime change?
According to this article by Steve Hanke, published 5 June 2006, in the months before the meetings of the International Monetary Fund and World Bank in April, the IMF appeared to be in its twilight.
What did Bernanke say?
According to this editorial published Wednesday 7 June, Federal Reserve chairman Ben Bernanke is probably obsessed with central bank transparency.
Fed's Hoenig says too soon to be behind curve
Kansas president Thomas Hoenig said on Tuesday 6 June that monetary policy acts with a lag and, as a result, it was premature to say the U.S. central bank was "behind the curve" in raising interest rates.
Greenspan sees little impact on growth from oil
Former Federal Reserve Chairman Alan Greenspan told the Senate Foreign Relations Committee in Washington that higher oil prices have had "little consequence" for a "more flexible" U.S. economy and probably haven't caused "serious erosion" worldwide.
Final curtain for long running BCCI 'farce'
A full and final settlement was agreed on Wednesday 7 June on costs in the proceedings brought by the Liquidators of BCCI against the Bank of England.
Comment: BCCI 'farce' all over
A final line was drawn yesterday under the "farcical" BCCI. The book is closed on the matter with the Bank of England's financial compensation falling short of the amount it said it would push for when BCCI liquidators, Deloitte, dropped its £1 billion…
Greenspan picks writer to help with memoirs
Alan Greenspan has selected a Fortune Magazine veteran, Peter Petre, to assist him on his memoirs, The New York Times reported.
Fed's Poole sees stagflation possibility
If inflation expectations are rising, a slowing economy may not reduce inflation pressures, said St. Louis Federal Reserve President William Poole, quoted in the Wall Street Journal online edition.
Launching of Bloomberg e-bond trading system
With the support of the Central Bank of Sri Lanka and the Primary Dealer community, Wednesday 7 June, Bloomberg officially launched its e-bond trading system in Sri Lanka.
BIS's Knight on globalisation & financial markets
In the speech 'Globalisation and financial markets' given on 22 May Malcolm Knight of the BIS discusses the consequences of the liberalisation of international transactions in financial instruments by many countries.
New York Fed's Economic Policy Review, May 2006
The Federal Reserve Bank of New York has published the May 2006 edition of its Economic Policy Review. The latest edition includes the article "Trading risk, market liquidity, and convergence trading in the interest rate swap spread".
Mohan on financial sector reforms, monetary policy
In the speech 'Financial sector reforms and monetary policy: The Indian experience' given on 2 June Rakesh Mohan of the Reserve Bank of India said the RBI will maintain vigil over asset price rises, especially in housing and real estate that are emerging…
Fed's Bies on effective risk management
In the speech 'Challenges of conducting effective risk management in community banks' given on 6 June Susan Schmidt Bies of the Federal Reserve said US banking regulators are warily eyeing concentrations of commercial real estate loans and worry some…