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Federal Reserve needs English elocution lessons
Once Ben Bernanke becomes Federal Reserve chairman after the bank's 31 Jan meeting, suggests this article published on Tuesday 9 January, a top priority should be ending the textual semaphore that's become the central bank's way of not quite…
Europe's central bank must show some backbone
According to this article published on Monday 9 January , political pressure could be responsible for the European Central Bank's 'timid' interest rate move last month.
BIS to host Irving Fisher Committee
The Bank for International Settlements (BIS) announced on Tuesday10 January that it has agreed to provide the Secretariat for the Irving Fisher Committee on Central Bank Statistics with immediate effect.
Fed's Guynn on strengthening economic foundation
In the speech 'Now is the time to strengthen our economic foundation' given on 9 January Jack Guynn of the Federal Reserve Bank of Atlanta said the U.S. economy was on track for a third consecutive year of good growth in 2006, and it was essential policy…
Fed's Hoenig on the national economy & mon. policy
In the speech 'The national economy and monetary policy in the new year' given on 9 January Thomas Hoenig of the Federal Reserve Bank of Kansas City said the U.S. central bank has pushed interest rates into the lower end of a "neutral" range and where…
Fed's Fisher: Globalization impact on mon. policy
In the speech 'Coping with globalization's impact on monetary policy' given on 6 January Richard Fisher of the Federal Reserve Bank of Dallas reiterated his vow to keep inflation contained, and offered again his concerns about the budget deficits the…
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Gold rises on central bank buying rumours
The gold price had been lent further momentum by investors anticipating central banks would deliver on comments they would buy gold, Bloomberg News reported.
Soros expects global economy slow down in 2007
International financier George Soros said in Singapore Monday 9 January that he expects a global recession in 2007 if the U.S. housing market continues to cool after the Fed halts it rate hike campaign.
Argentina to buy euros to restock reserves
Argentina's central bank will begin buying euros in the foreign exchange market to help bolster its foreign reserves, which were sharply reduced to pay back the country's debt with the IMF, a central bank official said on Sunday 8 January.
Jean-Pierre Roth to chair BIS Board
The Board of Directors of the Bank for International Settlements (BIS) on Monday 9 January elected as its new Chairman Jean-Pierre Roth, Chairman of the Governing Board of the Swiss National Bank.
Caruana to leave Basel Committee in July
Jaime Caruana said on Monday 9 January he will step down as chairman of the Basel Committee on Banking Supervision when he leaves his post as governor of the Bank of Spain in July this year.
IMF's Rato calls for 'market value' yuan
International Monetary Fund Managing Director Rodrigo Rato on Sunday 8 January said China should take full advantage of its decision last year to introduce more flexibility to its currency regime.
Central bankers upbeat on world economy
The global economy is growing at a dynamic pace and may even accelerate in 2006, central bankers from major countries said on Monday 9 January.
Federal Reserve Bulletin, Autumn 2005
The Federal Reserve published its Bulletin for Autumn 2005 on 5 January. The article 'Recent developments in the credit card market and the financial obligations ratio' says three developments in the credit card market contributed to the rise in the…
Fed speeches may send investors in wrong direction
This article published on Saturday 7 January reports on research presented in Boston by Vincent Reinhart, director of the Fed's monetary affairs division, and Brian Sack, a former Fed economist which says Federal Reserve speeches "are the least accurate…
Jurgen Stark on the IMF's strategic direction
In an Editorial published on Friday 6 January, Jurgen Stark, currently vice president of the Deutsche Bundesbank, says efforts to strengthen the IMF's surveillance function and the so-called "exceptional access framework" - must now be locked in and…
The costs of increasing transparency
This Working Paper from De Nederlandsche Bank, published January 2006, sets up as an explicit interactive game between the Central Bank, the objectives of which is modelled explicitly, and the private sector. The authors show that in the absence of costs…
Boston Fed's Minehan on uncertainty
In the speech 'How should monetary policymakers cope with uncertainty?' given on 6 January, Cathy Minehan of the Federal Reserve Bank of Boston said the U.S. has entered a period in which Federal Reserve policy changes are increasingly dependent on…
OECD report says Swiss economy to underperform
The Swiss economy is poised to grow slower than expected this year because of lusterless productivity gains, meaning the Swiss central bank should not raise interest rates until a recovery has been established, the OECD said in a report published Friday…
Taiwan says FX turnover no intervention indicator
The Central Bank of Taiwan has urged speculators to stop second-guessing central bank policy actions on the Taiwan dollar on the basis of the forex market's daily turnover.
Korea using all means to weaken currency
South Korea's finance ministry said on Friday 6 January it would mobilise all possible means to curb the won's recent sharp appreciation against the US dollar.
BOJ official sees steady progress on deflation
Japan is making steady progress in its fight against deflation as consumer prices appear set to keep rising amid a balanced economic recovery, a senior Bank of Japan official said Friday 6 January.
Bundesbank rejects report of 1,500 job cuts
The German government is planning to cut about 1,500 jobs at the Bundesbank by the end of 2007, Der Spiegel magazine reported, quoting a letter Barbara Hendricks, secretary of state to the finance ministry, sent to Volker Wissing, a member of the lower…