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Trichet says ECB set to 'moderately augment' rates
In testimony given on 21 November Jean-Claude Trichet of the ECB said the bank isn't planning a string of interest- rate increases, vowing to lawmakers not to stifle economic growth.
Bank of Canada Review, Autumn 2005
The Bank of Canada published its Review for Autumn 2005 on 17 November. The Review contains four articles including "The exchange rate and Canadian inflation targeting" and "What drives movements in exchange rates?".
Central banks as agents of economic development
In the last two decades, there has been a global sea change in the theory and practice of central banking. The neoliberal central bank policy package is drastically out of step with the history and dominant practice of central banking throughout most of…
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its Fourth Quarter 2005 Survey of Professional Forecasters on 14 November. Growth in the current quarter looks slower now than it did just three months ago, according to the 51 forecasters surveyed.
Comment: Banking in the Caspian and Central Asia
The former USSR countries in the Caspian and Central Asia have been independent for nearly 15 years, but economic setbacks in the 1990s have meant that significant growth and development are fairly recent phenomena. We take a look at central banking and…
Trichet gives strong hint on ECB rate rise
Speaking at the Frankfurt European Banking Congress on Friday 18 November the president of the ECB provided a much more explicit hint than he has on the need for an imminent rise in eurozone interest rates.
Putin nominates Russia's Ignatyev for new term
Russian President Vladimir Putin has nominated Sergei Ignatyev for a second four-year term as Central Bank chairman, the presidential press service has said.
Zimbabwe's Gono probed over forex scam
Reserve Bank of Zimbabwe chief Gideon Gono has been pulled into a scandal in which Finance Minister Herbert Murerwa and chief government revenue collector, Gershem Pasi, are alleged to have swindled the state of millions of dollars in foreign currency.
Herve Hannoun appointed BIS Deputy General Manager
The Board of Directors of the Bank for International Settlements (BIS) have announced the appointment of Herve Hannoun as Deputy General Manager for a five-year term.
Bernanke gives Fed an explicit inflation target
According to this article published Thursday 17 November, the Federal Reserve now has an explicit inflation target because incoming chairman Ben Bernanke has suggested a preference for a 1 to 2 percent rate.
Russian central bank plans large job cuts
The Bank of Russia, the biggest employer among the world's central banks, will cut thousands of jobs in the coming year, a deputy chairman said on Friday 18 November.
King sees no bloc vote on MPC
The Bank of England's Monetary Policy Committee members do not vote as a bloc on interest rates, Bank of England Governor Mervyn King said on Thursday 17 November.
Fukui doesn't rule out inflation target
Bank of Japan Governor Toshihiko Fukui said Friday that the possibility of Japan adopting an explicit inflation target as a monetary policy tool cannot be ruled out.
Weber calls on China to exploit yuan flexibility
European Central Bank Governing Council member Axel Weber said in an interview on Friday 18 November that China should use the extra flexibility that July's currency liberalisation provided.
Rato promotes central bank communication
IMF Managing Director Rodrigo Rato told a European Banking Congress in Frankfurt on Friday 18 November that central banks should communicate their monetary policy plans clearly to avoid disruptive shocks to financial markets.
Kansas City Fed's TEN Magazine, Fall 2005
The new issue of the Kansas City Fed's TEN Magazine looks at lessons learned during Alan Greenspan's time at the helm of the Federal Reserve System, as well as the emerging role of community colleges, the security of online payment systems.
RBNZ Financial Stability Report, November 2005
The Reserve Bank of New Zealand published its November 2005 Financial Stability Report on 18 November. Reserve Bank governor Alan Bollard commented: "The New Zealand financial system, overall, is well placed to weather a possible slowdown in the economy."
BIS's Icard on risk measurement and systemic risk
In the speech 'Risk measurement and systemic risk' given on 8 November Andre Icard of the BIS said structural change, though a good thing in general, also means uncertainty.
RBA's Stevens on finance and the ageing population
In the speech 'Finance and the ageing population' given on 16 November Glenn Stevens of the Reserve Bank of Australia said Australia's finance players will need to be innovative in creating new investment opportunities for the nation's growing ageing…
Canada's Jenkins on global and domestic challenges
In the speech 'Global and domestic challenges: Keeping an eye on the medium term' given on 17 November Paul Jenkins of the Bank of Canada talks about the key challenges facing Canada.
SNB governor visits Sweden's Riksbank
The Chairman of the Governing Board of the Swiss National Bank, Jean-Pierre Roth, was due to visit the Swedish Riksbank on 17 and 18 November.
New Crisis Management section on RBNZ's website
The Reserve Bank of New Zealand introduced a new section to its website on Friday entitled Crisis Management.
China to push currency reform
China will continue with market-orientated currency reforms while keeping the exchange rate of the yuan basically stable, said Su Ning, a vice-governor of the People's Bank of China on Thursday 17 November.
EU's Almunia calls for respect of ECB independence
EU economic and monetary affairs commissioner Joaquin Almunia on Thursday 17 November called on the European Commission and member states to respect the independence of the European Central Bank.