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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…
ECB's Issing on money's role in monetary policy
In the speech 'The role of money in the monetary policy strategy of the ECB' given on 28 October Otmar Issing of the ECB said the acceleration in eurozone M3 money supply growth seen over the past year is likely to increase inflation pressures in the…
ECB's Papademos on banking supervision
In the speech 'Banking supervision and financial stability in Europe' given on 28 October Lucas Papademos of the ECB said the ECB supports an 'evolutionary' approach to banking supervision, as opposed to a 'revolutionary' approach.
Comment: Turkey treads path towards EU
The decision by the European Union to open membership talks with Turkey earlier this month is "the end of a long beginning", according to the central bank governor, Sureyya Serdengecti. Nonetheless membership is hardly around the corner.
Fed pick Bernanke meets with Senators
Federal Reserve nominee Ben Bernanke began making courtesy calls on Thursday 27 October with senators who will determine his nomination's fate.
Wellink sees increased inflation concern for ECB
European Central Bank council member Nout Wellink said in an interview that the bank is ``increasingly concerned about inflation,'' echoing comments by other ECB officials.
Berlusconi suggests new mandate for ECB
Italian Prime Minister Silvio Berlusconi said on Thursday 27 October that he had suggested to fellow European Union leaders the idea of changing the European Central Bank's mandate because inflation no longer represented a problem for the eurozone.
Uzbekistan freezes currency convertibility- report
The Uzbek authorities have suspended the convertibility of the national currency for current-account transactions in order to curb rising inflation, the Kazakh newspaper Delovaya Nedelya reported on 28 October.
Serdengecti: Hot money flows no threat to Turkey
Turkey's central bank governor is "not scared" of hot money flows to the country, the governor of the central bank, Sureyya Serdengecti said in London on Thursday 27 October.