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China easing forex controls to help overseas firms
China will loosen its foreign exchange controls to give more financing support to overseas Chinese companies as the central government moves to encourage domestic firms to invest abroad, the official Financial News reported, citing a government official.
Austria's Grasser says ECB criticism unhelpful
Austrian Finance Minister Karl-Heinz Grasser said in an interview that criticism of the European Central Bank by some eurozone countries is diverting attention away from Europe's real economic problems.
Minneapolis Fed's Stern on 'Too big to fail'
In the speech 'Too big to fail' given on 2 June, Gary Stern of the Federal Reserve Bank of Minneapolis said too big to fail (TBTF) is an important public policy issue and one which has received insufficient attention to date.
Malaysia's Aziz on Islamic financial markets
In the speech 'Strengthening linkages in the Islamic financial markets' given on 24 June, Zeti Akhtar Aziz of the Central Bank of Malaysia said the Islamic finance industry should develop a derivatives market that helps investors control risk.
ECB's biannual information on euro counterfeiting
In the first half of 2005, 293,000 counterfeit euro banknotes were withdrawn from circulation, the European Central Bank said on 15 July.
Trichet on the financial services policy 2005-2010
In the speech 'Financial services policy 2005-2010: the ECB's view' given on 18 July, Jean-Claude Trichet of the ECB said that international agreement would be needed before regulations are imposed on the hedge fund industry.
Bank of Japan Monthly Report, July 2005
The Bank of Japan published the English version of its July 2005 monthly report on 15 July. The BOJ slightly revised up its monthly assessment of the economy for the first time in eight months, citing upbeat business confidence, rising capital spending…
HKMA says currency peg changes have worked well
An advisory body to the Hong Kong Monetary Authority (HKMA) has said the refinements that the HKMA introduced in May to Hong Kong's more than 20-year-old fixed currency peg have so far worked smoothly.
New bill will establish Central Bank of Kosova
In July, a new draft regulation for the Banking and Payment Authority of Kosovo (BPK) will be announced which will rename the BPK the Central Bank of Kosova.
Tanigaki says govt, BOJ share same view on economy
Japan's Finance Minister Sadakazu Tanigaki said on Friday 15 July that the economy is extending a recovery as rising corporate profits buoy consumer spending.
Wellink does not expect ECB rate cut
Dutch central bank president Nout Wellink said in an interview he does not expect the European Central Bank to have to cut interest rates.
China says no timetable for yuan move
The US administration has told key senators that it expects China to revalue the yuan in August before President Hu Jintao visits Washington in September, the Financial Times reported on Friday 15 July.
Phil Fed president recognized as global citizen
The Global Interdependence Center (GIC) has presented Dr. Anthony M. Santomero, president of the Federal Reserve Bank of Philadelphia, with its 2005 Global Citizen Award for his contributions to the global economy in the areas of public policy, business,…
Greece's Garganas on ECB's single monetary policy
In the speech 'Adjusting to the single monetary policy of the ECB' given on 24 June, Nicholas Garganas of the Bank of Greece said recent events have given rise to some populist rhetoric about the wisdom of a single currency within Europe.
BSP's Tetangco on continuity in a time of change
In the speech 'Continuity in a time of change' given on 4 July Amando Tetangco of the Bangko Sentral ng Pilipinas said the BSP story of the last six years is ending today with a considerable amount of success.
Fed's Santomero on a consumer-driven expansion
In the speech 'The implications of a consumer-driven expansion' given on 13 July, Anthony Santomero of the Federal Reserve Bank of Philadelphia said the Federal Reserve is likely to continue tightening monetary policy at a measured pace, but it depends…
Gonzalez-Paramo on outlook for financial stability
In the speech 'The outlook for financial stability in the euro area' given on 14 July, Jose Manuel Gonzalez-Paramo of the ECB said there is still a risk of a disruptive correction of the large US current account deficit.
Bank of Canada Monetary Policy Report Update
The Bank of Canada released its July Monetary Policy Report Update on 15 July. The Bank said it expects Canada's economy to grow by about 2.7 per cent in 2005 and 3.3 per cent in 2006.
PBOC deputy governor Li steps down
Li Ruogu has stepped down as deputy governor of China's central bank, Xinhua reported this week, citing the State Council.
W.House may want business experience for Fed chair
An article published this week says the White House may want to look towards the business community for a successor to Federal Reserve Chairman Alan Greenspan. None of the three potential heirs usually named as possibles to fill Greenspan's shoes meets…
Interview with World Bank's Wolfowitz
In an interview published on Monday 11 July World Bank president Paul Wolfowitz said the multilateral lender wants to help foster discussion among industrialized nations and emerging market countries such as China and India on tackling global warming.
Atlanta Fed appoints assistant vice president
Brian Bowling has been appointed assistant vice president in the supervision and regulation division at the Federal Reserve Bank of Atlanta, Jack Guynn, president and chief executive officer of the Atlanta Fed announced on 5 July.
ECB's Issing says oil clouding inflation outlook
European Central Bank chief economist Otmar Issing has said the inflation outlook for the euro zone has deteriorated in the past month.
BoE's Barker says inflation hike not a big worry
Bank of England monetary policymaker Kate Barker said on Wednesday 13 July that the central bank is not overly worried by a jump in inflation to a seven-year high in June.