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Too early to declare end of deflation - Koizumi
Japanese Prime Minister Junichiro Koizumi told reporters on Tuesday 2 May that it's too early to declare an end to deflation in Japan.
Gieve urged to resign from BoE
Sir John Gieve, deputy governor of the Bank of England, is being urged to resign following revelations of financial mismanagement at the Home Office, where he was permanent secretary, The Independent on Sunday reported on 30 April. The report said the…
Fed and ECB communications stumble
Things have gone somewhat awry the past month for major central banks which pride themselves on clear communications, this article published on Tuesday 2 May reports.
Issing's views return to fashion
Just as he prepares to leave the European Central Bank, Otmar Issing's views are coming into fashion, according to the article 'Issing's views return to fashion as he prepares to leave ECB' published on Wednesday 3 May.
Bernanke couldn't be clearer -- You hear that?
According to this article published on Wednesday 3 May, although virtually all reporters treat discussions at social events as being off-the-record, Ben Bernanke wasn't cautious enough about the ground rules when he chatted with journalists at the recent…
RBA raises interest rates 0.25%
The Reserve Bank of Australia raised interest rates to a 5-year high of 5.75% on Wednesday 3 May. "The Board judged at its May meeting that inflationary risks had increased sufficiently to warrant an increase in the cash rate," RBA governor Ian…
Cayman Islands Monetary Authority - Ann Rep 04-05
According to the Cayman Islands Monetary Authority's Annual Report 2004-2005, the Authority completed its second full year of operational independence from the Cayman Islands Government during the period under review.
Interview with IMF's Wanda Tseng
Wanda Tseng, deputy director at the IMF's Asia and Pacific department, said on Tuesday 2 May that China's decision to raise interest rates for the first time in 18 months is welcome but the country needs to let its currency move more freely.
Fed's Moskow says inflation contained
Chicago Federal Reserve President Michael Moskow on Monday 1 May said in an interview that core inflation is currently contained, but is at the high end of his "comfort zone," and at the top of his list of worries about the economy.
Markets misunderstand testimony says Bernanke
Federal Reserve chairman Ben Bernanke believes that the media and the markets have misinterpreted his words last week as a signal that the Fed would stop after one more rate hike, according to CNBC anchor Maria Bartiromo on Monday 1 May.
Atlanta's Guynn says Fed journey ending
The Federal Reserve's journey to bring interest rates back to a more normal setting is almost complete, if the economy performs as expected in coming weeks and months, said Jack Guynn, the president of the Atlanta Federal Reserve on Monday 1 May.
Federal Reserve Bank of Chicago - Annual Report 05
Federal Reserve policy has attained one of the benefits often attributed to formal inflation guidelines: well-anchored inflationary expectations, Chicago Fed President Michael Moskow said in an essay in the bank's 2005 annual report.
SNB's Roth at the AGM
In a speech given on 28 April Jean-Pierre Roth of the Swiss National Bank said the economic recovery currently seen in Switzerland does not represent a threat to price stability.
Another year awash in liquidity
As liquidity continues to mount amid deepening global imbalances, some members of the central bank community are calling for significant changes in the framework of monetary and regulatory policy. This article examines the proposals and the market…
ECB paper on interest rates and exchange rates
The ECB Working Paper "How does information affect the comovement between interest rates and exchange rates?" compares the link between exchange rates and interest rates under full information and two alternative asymmetric information approaches.
Comment: Bernanke slips up
Ben Bernanke has had to learn very fast indeed. An alleged "off the record" remark has triggered a frenzy in financial markets.
Fed's pause may send Asian currencies higher
With Federal Reserve chairman Ben Bernanke signalling a pause in U.S. interest-rate increases, the spotlight is once again on Asia, according to this article published on Tuesday 2 May.
Eastern Caribbean Central Bank - Ann Rep 04-05
According to the Eastern Caribbean Central Bank's Annual Report 2004-2005, the pace of economic recovery in the currency union gained further momentum in 2004 following the sharp downturn in 2002.
Economic vs. Monetary Union
At a meeting at the London School of Economics Friday 28 April on the Legal Foundations on International Monetary Stability discussions focussed on the divergence between Europe's successful monetary union, and its stalled economic union.
ECB's Garganas says more rate hikes possible
European Central Bank Governing Council member Nicholas Garganas said on Thursday 27 April that more interest rate rises are probably on the way, with the timing dependant on economic growth and inflation developments.
China's economy 'overheating a little bit'
People's Bank of China governor Zhou Xiaochuan said on Friday 28 April that the increase in the official Chinese benchmark lending rate is intended to rein in growth as the economy is "overheating a little bit".
Sao Tome's central bank governor to return
Officials have been quoted as saying that the former prime minister of Sao Tome and Principe, Maria do Carmo Silveira, is to return to her role as governor of the country's central bank, once the new government has taken office.
Kyrgyz's Sarbanov acted in 'interests of state'
Ulan Sarbanov, the former governor of the National Bank of the Kyrgyz Republic, was acquitted in court on Wednesday 26 April, along with four other ex-finance officials.
RBA's Macfarlane on monetary policy & the media
In a transcript from a radio report on Friday 28 April, Reserve Bank of Australia governor Ian Macfarlane pondered why the Australian media covered interest rate moves much more than either the US or UK media. He also recounted a 'near-death' experience…