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Fed's Olson on the U.S. economy and fiscal outlook
In the speech 'Update on the U.S. economy and fiscal outlook' given on 12 October Mark Olson of the Federal Reserve said whether energy-related price pressures spilled over into non-energy prices would depend on a "host of considerations," including the…
Danmarks Nationalbank, Monetary Review 3rd Q 2005
The Danmarks Nationalbank's Monetary Review for the Third Quarter 2005 includes articles on: Recent economic and monetary trends, Activity in the money market and Danmarks Nationalbank's market operations, Expansion of statistics for the MFI sector,…
New York Fed's Foreign Exchange Operations Report
According to the Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations quarterly report for April-June 2005, the U.S. monetary authorities did not intervene in the foreign exchange markets during the quarter.
ECB Monthly Bulletin, October 2005
The European Central Bank published its October 2005 Monthly Bulletin on Thursday 13 October. In the report the ECB reiterated that it is exercising strong vigilance on inflation risks coming from higher oil prices.
Comment: "Critical period," says Fukui
Yesterday was an important day for the Bank of Japan. All eyes were on its governor, Toshihiko Fukui, as he spoke after the latest policy board meeting. Also, deputy governor, Toshiro Muto, delivered parliamentary testimony.
Snow calls on China to make yuan more flexible
U.S. Treasury Secretary John Snow called on China to continue with development of its financial markets on Wednesday 12 October, including a more flexible exchange-rate system.
Fed's Bies on regulatory issues
In the speech 'Regulatory issues' given on 12 October Susan Bies of the Federal Reserve said banks were taking increased risks in real-estate lending, adding they could be hurt if interest rates rise or home prices decline.
Proposed BOT Bill will increase authority
Thailand's Finance Ministry is currently considering the drafts of the Bank of Thailand Bill and the Currency Bill. If implemented, the new rules will broaden the BOT's authority to manage international reserves.
G7 meeting fixed for London on Dec 2-3
G7 finance ministers and central bank governors will hold a special meeting in London on 2-3 Dec, a UK Treasury spokeswoman said on Tuesday 11 October.
Fukui says BOJ in critical period on policy
Bank of Japan Governor Toshihiko Fukui said on Wednesday 12 October that the BOJ was entering a critical phase for deciding an end to its ultra-loose monetary policy.
Greenspan says flexibility crucial to economy
The ability of the US to weather a surge in energy prices is the latest example of how economic flexibility helps prevent serious recessions, Federal Reserve Chairman Alan Greenspan said on Wednesday 12 October.
BoE's King on the UK economy
In a speech given on 11 October Mervyn King of the Bank of England warned that the period of low inflation and constant growth in the UK over the past 10 years may be at an end.
Heikensten on risks and financial stability
In the speech 'Risks and financial stability' given on 7 October Lars Heikensten of the Sveriges Riksbank said the financial markets have developed rapidly in recent years, and there are many reasons for this.
Richmond Fed's Economic Quarterly, Summer 2005
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Summer 2005. The latest issue includes the article 'What's driving wage inequality?'
Fed minutes suggest more rate rises
Minutes from the Federal Reserve's 20 September meeting were published on Tuesday 11 October. FOMC members believed more interest-rate increases would be needed to keep inflation down when they raised interest rates at their last meeting, the minutes…
Fed's Kohn on globalization and inflation
In the speech 'Globalization, inflation, and monetary policy' given on 11 October Donald Kohn of the Federal Reserve said increasingly globalized financial markets may be less forgiving when they think central banks have erred than the domestic-based…
Comment: ECB on banking in the EU
The ECB recently published its annual report on EU banking structures, outlining the main developments in the sector in 2004 and the first half of 2005. The report identifies a number of important structural developments that are of great importance for…
Italy Senate approves central bank reform
Italy's Senate on Tuesday 11 October approved a bill to reform the Bank of Italy and the financial sector.
Belarus, Russia agree on ruble introduction plan
The National Bank of Belarus and the Russian central bank have approved a plan of action to introduce the Russian ruble as sole legal tender in Belarus.
Hungary's PM says euro date needs more thinking
Hungarian Prime Minister Ferenc Gyurcsany said Tuesday 11 October that adopting the euro in 2010 needs more consideration because of the social implications of the budget spending reductions the move would require.
Bank of Italy says still talking to ECB
The Bank of Italy said Tuesday 11 October it was still talking with the European Central Bank about its role in a controversial takeover battle and denied a press report claiming the ECB had concluded that Antonio Fazio broke banking rules.
Sweden's Riksbank appoints new governor
The Riksbank General Council on Tuesday 11 October appointed Stefan Ingves to succeed Lars Heikensten as Governor of Sveriges Riksbank.
Brown should bank on a change of approach
This article published on Tuesday 11 October asks whether it could be time for the UK's Chancellor to re-order the remit of the Bank of England's MPC? Or at least place growth, which ultimately leads to jobs and prosperity, as an equal priority to price…
Bank of Canada, Business Outlook Survey, Autumn 05
The Bank of Canada published its Autumn 2005 Business Outlook Survey on 7 October, saying firms overall remain positive about the economic outlook.