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Philadelphia Fed Business Review, 2nd Quarter 2005
The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Second Quarter 2005. In this quarter's message, President Anthony Santomero shares his views on the U.S. economy and outlines some of the "Lessons learned from the…
IMF's Krueger on Asia and the world economy
In the speech 'Mutual interdependence: Asia and the world economy' given on 30 June Anne Krueger of the International Monetary Fund said the experience of Korea, China and other Asian countries underlines the crucial importance trade plays in fostering…
National Bank of Belgium - Annual Report 2004
The National Bank of Belgium has published its Annual Report for the year ended 2004. For the second consecutive year, the economic growth rate in Belgium (estimated at 1.3 p.c. in 2003 and 2.7 p.c. in 2004) was well above the euro area average, the…
Bangladesh Bank - Annual Report 2003-2004
The Bangladesh Bank has published its Annual Report for the year ended 2003-2004. The Bangladesh economy maintained the growth momentum in FY04 based partly on continuing improvement in macroeconomic performance, according to the report.
Malaysia denies working with China on currency
Malaysia's prime minister on Thursday 7 July denied speculation that his country and China are working together on changes to their currency exchange rates.
G7 monitoring reaction to London blasts - Eichel
Finance Ministers and central bank governors from the Group of Seven (G7) nations are monitoring the reaction of financial markets to the blasts in London, German Finance Minister Hans Eichel said on Thursday 7 July.
Bank of England meeting held despite attacks
The Bank of England's Monetary Policy Committee would announce its interest rate decision at midday as usual despite multiple blasts on London's transport network, a spokesman for the central bank said on Thursday morning, 7 July.
Trichet's deep sympathy at London bomb blasts
European Central Bank president Jean-Claude Trichet said on Thursday 7 July that he does not expect the multiple bomb blasts in London to have any significant impact on the euro zone or UK economies.
Poole: After Greenspan Whither Fed Policy?
In the speech 'After Greenspan: Whither Fed Policy?' given on 6 July, William Poole, President of the Federal Reserve Bank of St. Louis, said Alan Greenspan's eventual successor faces a stiff credibility test from markets but could ease the transition by…
The Federal Reserve System: Purposes and Functions
The book "The Federal Reserve System: Purposes and functions" was published on Tuesday 5 July. The book includes chapters titled, 'Overview of the Federal Reserve System,' 'Monetary Policy and the Economy,' 'The Implementation of Monetary Policy,' 'The…
Bank of England maintains interest rates at 4.75%
The Bank of England's Monetary Policy Committee voted to maintain the Bank's repo rate at 4.75% on Thursday 7 July.
Norges Bank, Economic Bulletin, June 2005
Norges Bank, the central bank of Norway, has published its June 2005 Economic Bulletin. The latest Bulletin includes the article 'Norges Bank's role in the event of liquidity crises in the financial sector' by Karsten R. Gerdrup, adviser in the Financial…
EU Parliament rejects ECB report over rate stance
MEPs rejected a report praising the European Central Bank's interest rate policy on Tuesday, saying the ECB was focusing too narrowly on stability and ignoring the need for growth.
Fukui: Japan's monetary easing policy to remain
Bank of Japan governor Toshihiko Fukui said on Wednesday 6 July that the central bank will maintain its quantitative monetary easing policy to support the Japanese economy until deflation risks retract.
Trichet calls for consensus on hedge funds
European Central Bank president Jean-Claude Trichet said in a speech on Wednesday 6 July that the EU and US need to reach a consensus on the regulation of hedge funds before additional regulations are introduced.
Bank of Spain chief rejects ECB rate criticism
Bank of Spain governor and ECB board member Jaime Caruana denied criticism that current interest rates in Europe represent an obstacle for economic growth, Expansion reported, citing an interview with Caruana.
BIS anniversary exhibition attracts many visitors
The Bank for International Settlements (BIS) has said it is delighted at the public's response to its 75th anniversary exhibition, 'this is the biz'.
Minutes from the Sveriges Riksbank Meeting, 20 Jun
The Sveriges Riksbank published the minutes from its 20 June Executive Board meeting on 5 July. In Sweden economic activity has slowed, the minutes said. In the first quarter GDP growth was much lower than estimated by the Riksbank and other forecasters.
ECB's Trichet on the eurozone economy
In a speech to the European Parliament given on 4 July Jean-Claude Trichet of the ECB said the bank projects inflation to be between 1.8 per cent and 2.2 per cent this year and between 0.9 per cent and 2.1 per cent in 2006, adding that "upside risks to…
Central Bank of the Bahamas - Annual Report 2004
The Central Bank of the Bahamas has published its Annual Report for the year ended 2004. The report includes a comparative review of economic and financial developments in The Bahamas during 2004, and an update on regulatory development affecting the…
St Louis Fed's Regional Economist, July 2005
The Regional Economist, July 2005 edition, from the St Louis Fed includes the article "Do we have a saving crisis?" Theoretically, the decline in saving jeopardizes the US economy because savings are lent to businesses for investment. In reality, the US…
ECB Paper on GCC regional monetary integration
The Gulf Cooperation Council (GCC) plans to introduce a single currency by 2010 in its six member states. This paper focuses on selected macroeconomic and institutional issues and key policy choices which are likely to arise during the process of…
IMF's Rato says no need for ECB rate cut yet
International Monetary Fund managing director Rodrigo Rato said in an interview that there is no reason for the European Central Bank to cut interest rates at the moment, but it should do so if euro zone growth weakens any further.
Romania's Isarescu says inflation to reach 7.5%
The governor of Romania's central bank Mugur Isarescu said on TV that inflation might reach 7.5 per cent this year, instead of the 6per cent that was expected initially, but he assured his audience that inflation will continue to fall.