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Riksbank's General Council on Heikensten decision
The General Council will now together begin the work to find a successor for the position as Riksbank Governor, Chairman of the Riksbank's General Council Jan Bergqvist and Vice Chairman Johan Gernandt said in a joint statement Thursday.
Statement by Lars Heikensten on his resignation
Following his decision to resign after being nominated by the Swedish Government as the Swedish member of the European Court of Auditors, Sveriges Riksbank governor Lars Heikensten made the following statement on Thursday 29 September.
Comment: Comparing policy structures
The IMF yesterday released a working paper surveying the governance and decision-making structures of inflation-targeting central banks.
Swedish central bank governor resigns
Sveriges Riksbank governor Lars Heikensten announced Thursday 29 September he will resign after he was nominated by the government to serve on the European Court of Auditors.
Bank of Italy board supports Fazio
A majority of the Bank of Italy's governing board reaffirmed its confidence in beleaguered governor Antonio Fazio on Thursday 29 September.
Bosnia highlights banking supervision need
Bosnia and Herzegovina's Principal Deputy High representative Larry Butler highlighted the need to centralise banking supervision in BiH under the central bank on Thursday 29 September.
Japanese MOF's Hosokawa says deflation persists
Japan's Vice Finance Minister said on Thursday 29 September that the country is still experiencing deflation and the government still needs to make the utmost efforts to beat price falls.
ECB's Mersch warns on inflation effect from oil
European Central Bank council member Yves Mersch said in an interview on Wednesday 28 September that oil prices at current levels risk boosting wages and feeding inflation.
Bank of Finland cautions on optimism
The Bank of Finland predicted Wednesday that economic growth in the country will slow down this year to 1.6 percent and increase to some 4 percent in 2006.
BoE's Lambert warns on disappointing GDP
Bank of England Monetary Policy Committee member Richard Lambert warned in a newspaper interview on Thursday 29 September that UK GDP growth is likely to fall short of the central bank's best estimate and that consumer spending remains weak.
Japan's Fukui on the outlook for the economy
In a speech given on 29 September Toshihiko Fukui of the Bank of Japan said that the chances are growing that the central bank will end its super-stimulative monetary policy early next year.
ECB paper on exchange rate communication
The ECB Working Paper "How successful are exchange rate communication and interventions? Evidence from time-series and event-study approaches" analyses whether communication and actual interventions in FX markets are successful in moving exchange rates…
Bank system stability: cross-Atlantic perspective
This ECB Working Paper derives indicators of the severity and structure of banking system risk from asymptotic interdependencies between banks' equity prices.
IMF paper on inflation-targeting central banks
The IMF Working Paper "Governance structures and decision-making roles in inflation-targeting central banks" surveys decision-making roles of governing bodies of central banks that have formally adopted inflation targeting as a monetary framework.
Italy should leave a horse's head on Fazio's bed
According to this article published on Tuesday 27 September, by now Bank of Italy governor Antonio Fazio's career prospects should make Kate Moss look like employee of the year. Instead, he still has a job for life under Italian law, it says.
BOJ's Suda doesn't rule out policy shift
A Bank of Japan policy board member left open the possibility on Wednesday 28 September that the central bank could ditch its ultra-loose monetary policy by the end of the fiscal year to next March.
Italy's PM says no more can be done over Fazio
Italian Prime Minister Silvio Berlusconi told parliament on Wednesday 28 September that the government would do no more to try to remove Bank of Italy Governor Antonio Fazio.
Bernanke sees 'small' impact from oil prices
Top White House economic adviser Ben Bernanke said on Tuesday 27 September that high energy prices are a burden on households and could ultimately restrain economic growth but so far the impact has been modest.
RBI adviser says no pressure on rates
An Indian monetary policy adviser said in an interview on Tuesday 27 September he saw no immediate upward pressure on interest rates but warned that the central bank could not ignore rising U.S. rates.
China allows IFC, ADB to issue debt
China's State Council has given approval for the International Finance Corp and the Asian Development Bank to issue yuan-denominated debt on the mainland, the Ministry of Finance said in a statement on its website.
UK's Clarke sees euro off the agenda
Kenneth Clarke, a contender for the Conservative party leadership, reiterated that the euro was off the British political map for the next ten years on BBC Radio's "Today" programme on Wednesday morning, 28 September, as he had first told Central Banking…
Comment: What triggered global imbalances
Ian Macfarlane, the governor of the Australian Reserve Bank, yesterday provided a fascinating analysis of the causes of the macroeconomic imbalances that plague the global economy at present. His analysis of the causes also bears important implications…
ECB Observer - Back to the rules
This publication released on Tuesday 27 September suggests that by publishing Governing Council meeting minutes, the ECB could improve the transparency and efficiency of its monetary policy substantially, thereby supporting its stability-oriented course.
ECB's Papademos on growth in euro area economies
In the speech 'Growth and competitiveness in euro area economies' given on 22 September Lucas Papademos of the ECB said growth in Germany and Italy has lagged behind the rest of the euro zone in recent years because of specific structural problems in the…