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Bank of Canada Monetary Policy Report, Oct 2005
The Bank of Canada released its October 2005 Monetary Policy Report on 20 October. The latest report says the global and Canadian economies have continued to grow at a solid pace, and the Canadian economy now appears to be operating at full production…
Comment: FX interventions
Most central banks have moved away from actual foreign exchange market interventions and now use communication, or verbal intervention, as a policy instrument to influence exchange rates when deemed necessary and desirable.
Politicians walk out on Fazio testimony
Bank of Italy governor Antonio Fazio faced another snub on Tuesday 18 October when centre-left opposition party members walked out of a parliamentary hearing where he was speaking about Italy's 2006 budget.
Russian central banker charged with taking bribe
The Moscow prosecutor's office has indicted the deputy chief of the Federal Tax Service lending institutions department and a Russian central bank official for large-scale bribery, according to Interfax and other reports this week.
Greenspan: global giant but awkward legacy
According to this article published on Tuesday 18 October, the Fed's sway over world markets was arguably at its peak in 1998. Before both the launch of the euro and the massive reserve accumulation in Asia that has bestowed China and others with…
Book by governor of Barbados cb
Dr Marian Williams, governor of the Central Bank of Barbados, has published her third book. The book contains ideas about the policies and approaches which Barbados and the Caribbean might adopt in the new global environment.
Ivory Coast to keep BCEAO job
The president of the Ivory Coast said on Tuesday 18 October that his country will not relinquish the governorship of the Central Bank of West African States (BCEAO).
CBN to lose over 1,000 staff
About 1,040 staff at the Central Bank of Nigeria (CBN) lost their jobs this week following the implementation of the CBN's "Project Eagles" restructuring and re-engineering exercise.
Gordon Brown welcomes Bank of England appointment
Following the appointment this week of Sir John Gieve to succeed Sir Andrew Large as Bank of England Deputy Governor for Financial Stability, UK Chancellor Gordon Brown said Sir John brings a wealth of experience to the job.
Interview with ECB's Trichet
ECB President Jean-Claude Trichet said in an interview with Russian newspaper Izvestia this week that the ECB was committed to maintaining steady prices. "As regards our present position, I said in Athens on 6 October that the present interest rate of 2…
Comment: What drives the price of debt?
How, in a world where the amount of debt is rising rapidly, can credit spreads remain so low or even fall? And is this a sign of strength and stability, or a cause for concern?
Meister calls for stiff shareholding disclosure
Cutting the threshold at which investors must declare that they have corporate shareholdings would help shed light on hedge fund activities, Bundesbank Board member Edgar Meister said.
Vietnam eases foreign currency controls
Vietnam has decided to loosen restrictions on the use of foreign currencies in the country.
East Asian currency union under discussion
There is a case for a currency union in East Asia but one excluding China and Japan, according to Peter Kenen, a Princeton-based academic.
Hosokawa says FX moves should reflect fundamentals
Japan's Ministry of Finance will closely watch foreign exchange rate movements and take action if needed, the ministry's top bureaucrat said Thursday 20 October.
Fukui: BOJ framework change not sign of tightening
A change in the Bank of Japan's current quantitative easing framework isn't a sign the central bank will shift to monetary tightening, BOJ Governor Toshihiko Fukui said on Thursday 20 October.
SF Fed's Yellen on the US economy
In the speech 'Update on the US economy' given on 18 October Janet Yellen of the Federal Reserve Bank of San Francisco said the U.S. economy seems to have kept its footing and the inflation outlook over the longer-term looks favorable, so continued…
Fed's Kohn on the economic outlook
In the speech 'The economic outlook' given on 19 October Donald Kohn of the Federal Reserve said it was not yet time for the U.S. central bank to abandon its interest-rate raising campaign, even though rates were "considerably closer" to where they need…
Lambert on challenging times for monetary policy
In the speech 'Challenging times for monetary policy' given on 19 October Richard Lambert of the Bank of England said the central bank is "determined" to prevent higher oil prices from fanning inflation, suggesting he's unlikely to favor another interest…
NY Fed's Geithner on challenges in risk management
In the speech 'Challenges in risk management' given on 18 October Timothy Geithner of the Federal Reserve Bank of New York said the increased complexity of financial systems reduces the vulnerability of individual firms to risk, but adds to uncertainty…
Federal Reserve Board - Beige Book, October 2005
The Federal Reserve published its October 2005 Beige Book survey on 19 October. US business activity increased across the country in September and through early October, according to the report.
Comment: Slipping behind on the euro
When ten new countries joined the EU in May last year, they did so promising that one day they would adopt the euro as their currency. At the time it seemed they hardly needed any coercing - joining the euro was something policymakers in these countries…
Report says China to speed up reforms
China will speed up the reform of its interest rate mechanism and foreign exchange regime over the next five years, the Xinhua news agency reported, citing a central bank official.
ECB's Issing says rise in inflation is worrying
The oil-driven increase in Eurozone inflation is worrying because it could drive up inflationary expectations, European Central Bank chief economist Otmar Issing said in an interview that was published on Wednesday 19 October.