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Riksbank Council on Bergstrom's decision

The Riksbank's General Council thanked Villy Bergstrom for his work at the Riksbank, saying he has played an important part to explain and anchor the Riksbank's role and position in society.

IMF chief congratulates Ingves

Rodrigo de Rato, the Managing Director of the International Monetary Fund, congratulated Stefan Ingves on Tuesday 11 October, currently Director of the IMF's Monetary and Financial Systems Department (MFD), for his appointment as Governor of Sveriges…

Comment: An EMU fairy tale revisited

In 1996, David Lascelles wrote an imaginative and controversial report titled "The Crash of 2003: an EMU Fairy Tale", which was presented as a fictional report into the demise of the single currency.

China's fin min cautions on yuan moves

Chinese Finance Minister Jin Renqing on Thursday 13 October rejected demands by the US for faster currency reform, saying China will liberalize the exchange rate in its own time and in line with its own interests.

ECB's Garganas sees no need for rate rise

The European Central Bank sees no need to raise eurozone interest rates if area-wide inflation slows to less than 2.0 percent next year, governing council member and Greek central bank chief Nicholas Garganas said in a newspaper interview.

Ireland's Hurley warns on productivity decline

John Hurley, governor, Central Bank and Financial Services Authority of Ireland, said in a speech on Thursday 13 October that European governments must hasten reforms in order to reverse a fall in productivity growth.

Joint Eurosystem - Bank of Russia seminar

The Eurosystem - the European Central Bank and the national central banks of the euro area - and the Bank of Russia are holding their second joint seminar, which takes place from 12 to 14 October in Saint Petersburg.

Euro losing allure for EU newcomers

According to this article published on Tuesday 11 October, the EU's single currency seems to have lost its allure for several of the 10 countries that joined the bloc in May last year.

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.

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.

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