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Minutes from the Sveriges Riksbank Meeting, 19 Oct
The Sveriges Riksbank published the minutes from its 19 October Executive Board meeting on 31 October. The slowdown in the Swedish economy at the beginning of the year was temporary and growth in private consumption had started to increase, the minutes…
Wellink on China's rise, impact on Western economy
In the speech 'China's rise and its impact on Western economies' given on 3 October Nout Wellink of the Netherlands Bank said the world economy is increasingly integrated. Therefore, China's rise transmits shock waves to Western economies as that country…
Comment: Inflation jitters discounted
Bond yields have been rising rapidly as a result of jitters that rising oil prices will lead to higher inflation than previously expected. Stephen Roach, chief economist at Morgan Stanley, argues that the bond market has got it wrong - the global economy…
Fed expected to raise rates again
The Federal Reserve was widely expected to raise US interest rates on Tuesday 1 November, as the American economy continues strong growth.
SADC economic integration timetable questioned
Southern Africa will be unable to realize its economic integration plans by 2012 if the current pace of implementation is not increased, a senior South African official warned on Monday 31 October.
'We will act' on inflation if needed says Trichet
The European Central Bank sees clear signs that inflation will rise in Europe, president Jean-Claude Trichet told Euro am Sonntag.
PBOC to expand yuan settlement operations in HK
China's central bank will allow expanded yuan-denominated business in Hong Kong after technical preparations are completed, the People's Bank of China said on Tuesday 1 November.
Japan's Yosano says stable long-term rate critical
Kaoru Yosano, Japan's newly appointed state minister for economic and fiscal policy, said that keeping long-term interest rates stable at low levels is vital to the success of fiscal and budget reforms.
Chairman nominee may bring new openness to the Fed
If Ben Bernanke has his way, the Federal Reserve is likely to become more open, according to this article published on Tuesday 1 November. His approach could lead to big changes in how the Fed communicates, it says.
SARB's Mboweni on the South African economy
In a speech given on 25 October, Tito Mboweni of the South African Reserve Bank said the markets have been through some testing times, but we certainly have a come long way from the days of double digit inflation, and the rand being a one-way bet.
ECB's Trichet on European financial markets
In the speech 'The Eurosystem and the integration of European financial markets' given on 28 October, Jean-Claude Trichet of the ECB stressed that progress in European financial integration requires an effective interplay between market forces and action…
BOJ Outlook for economic activity & prices, Oct 05
The Bank of Japan published the English version of its October 2005 Outlook for economic activity and prices report on 1 November. In the report the BOJ forecast consumer prices would rise this fiscal year and next, and it said chances of a policy shift…
ECB's Tumpel-Gugerell on global financial markets
In the speech 'Global Financial Markets 2015: looking ahead' given on 28 October, Gertrude Tumpel-Gugerell of the ECB said more cross-border consolidation is needed in the European banking sector, to take advantage of increasing financial integration.
Spain's Caruana on banking supervision in Europe
In the speech 'The future of banking supervision in Europe' given on 28 October Jaime Caruana of the Banco de Espaa said more efficient supervision is a necessary - although not sufficient - condition for a more integrated market.
Comment: Japan sees return to normal
Japan's monetary policymakers yesterday delivered another instalment of what is becoming an increasingly confident message: after seven years of deflation, they expect prices to start rising again early next year.
China forex reserves expected to hit $820 bn
China's foreign exchange reserves are expected to total $820 billion by the end of 2005 on strong trade inflows, an economist at a government think tank said.
Bank of Japan says end of deflation in sight
The Bank of Japan said on Monday 31 October that the seven-year period of deflation will end in the year to March 2006.
PBOC issues new rules on electronic payments
The People's Bank of China has issued new rules regarding electronic payments designed to minimize transaction risk.
Venezuela's Chavez plans $5 bn reserves spend
Venezuelan President Hugo Chavez said in a TV broadcast that he plans to take an additional $5 billion in reserves from the central bank next year in order to boost spending on various projects.
Russia, China set to sign banking agreement
The Russian central bank and the Chinese Banking Regulatory Commission are expected to sign an agreement during the visit of Russian Prime Minister Mikhail Fradkov to China on 3-4 November.
Bernanke's models, and their limits
This article published on Sunday 30 October asks what Ben Bernanke's academic work can tell us about the sort of Fed chairman he will make. He has written repeatedly about ways of using dauntingly complex mathematical models of the economy to set…
Alan Greenspan gives Ben Bernanke some pointers
This article published on Monday 31 October carries a supposed conversation between Alan Greenspan and Ben Bernanke. It says that, according to press reports, Greenspan wanted Donald Kohn to head the Federal Reserve instead of Bernanke.
Buba's Remsperger on money in an uncertain world
In the speech 'Money in an uncertain world' given on 27 October Hermann Remsperger of the Deutsche Bundesbank said it is a fact that uncertainty will remain a key characteristic of monetary policy making.
Sweden's Heikensten: Monetary policy and academics
In the speech 'Monetary policy and the academics' given on 28 October Lars Heikensten of the Sveriges Riksbank said there is no doubt that the problems central bankers face and the practical experiences they gain also have been, and still are, an…