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Malaysia's Zeti says inflation may nudge higher
Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz was reported as saying on Tuesday that inflation could edge higher before tapering off later this year.
IMF's Rato sees no rush on China yuan rate
International Monetary Fund Managing Director Rodrigo Rato said there is no need for China to make its currency convertible in a single step, although a more flexible yuan exchange rate would benefit China and other countries.
Norway's Gjedrem on price stability
In the speech 'Price stability is not self-generating' given on 7 June, Svein Gjedrem of Norges Bank said one lesson to learn from the pitfalls of projecting or trend-extending economic variables is that it is very difficult to predict developments in…
Bundesbank's Weber on bank relationships
In the speech 'Bank relationships, financial integration, and monetary policy' given on 3 June, Axel Weber of the Deutsche Bundesbank said traditionally continental European financial systems have been dominated by bank relationships and credit financing.
Sveriges Riksbank Inflation Report, No. 2, 2005
Sweden's central bank, the Sveriges Riksbank, published its Second Inflation Report for 2005 on 21 June. The bank also announced it had decided to lower the repo rate from 2 per cent to 1.50 per cent. It said over the coming years UND1X inflation is…
Russia likely to float rouble within three years
The Russian central bank and the finance ministry have signalled that the government will allow the rouble to float freely within the next three years, the Interfax news agency reported.
EMEAP central banks to boost economic security
The governors of central banks from 11 East Asian and Pacific countries agreed to build a regional financial security network and strengthen coordination in a bid to decrease financial vulnerability against external pressure.
Villepin says ECB should include for ex concerns
France's Prime Minister Dominique de Villepin said the European Central Bank should incorporate foreign exchange concerns, and factor in the value of the euro on world currency markets, when setting monetary policy for the euro zone.
Fed's Stern sees US rate rises continuing
Federal Reserve Bank of Minneapolis President Gary Stern sees no reason for the Federal Reserve to stop raising interest rates now as the economy expands at a desirable pace, a Japanese newspaper reported on Monday 20 June.
PBOC's Zhou says economy growth at 9 percent
China's economy is still growing at more than 9 per cent annually, the central bank governor said on Saturday18 June, but noted that conditions for bringing down inflation had improved.
BIS Papers on foreign exchange market intervention
On 2 and 3 December 2004, the BIS hosted a meeting of Deputy Governors of central banks from major emerging market economies to discuss foreign exchange market intervention. The BIS published various papers from the meeting on Monday.
IMF's Rato on the global economy
In the speech 'Challenges and perspectives of the global economy' given on 16 June Rodrigo de Rato of the IMF said these are relatively good times for the global economy.
Bank of England Quarterly Bulletin, Summer 2005
The Bank of England released its Quarterly Bulletin Summer 2005, on 20 June. The Bulletin includes the article "The inflation-targeting framework from an historical perspective" which provides an historical perspective on the post-1992 inflation…
Opening remarks to the ECB's Workshop
In introductory remarks to the ECB's Workshop given on 17 June Gertrude Tumpel-Gugerell of the ECB said more cross-border mergers in the financial sector are likely to take place in Europe in the future, partly driven by the limits reached in domestic…
ECB's Trichet on EMU and member countries
In closing remarks at the ECB Workshop "What effects is EMU having on the euro area and its member countries" on 17 June ECB president Jean-Claude Trichet stressed the importance of a more competitive economy in the eurozone, reminding member states of…
ECB's Issing says EMU needs political support
European Central Bank Chief Economist Otmar Issing said steady political support from all euro zone members will be necessary to guarantee the success of a single monetary policy for the area.
Venezuela presents central bank reform proposals
Venezuela's government has submitted a legislative proposal that would allow President Hugo Chavez to tap reserves held by the central bank.
Nobel winner: BOT supervision role should remain
Thailand should continue with its current structure whereby the Bank of Thailand supervises the banking system and not shift the role to the Ministry of Finance, according to 2004 Economic Sciences Nobel Laureate Edward Prescott.
Bank Indonesia to host central bank meeting
Bank Indonesia will host the 10th Executive Meeting of East Asia Pacific Central Bank (EMEAP) to be held Bali from June 18 to 19.
Hoenig says Fed aiming for neutral rates
The Federal Reserve should raise interest rates toward a neutral level of 3.5 to 4.5 per cent and get there "sooner rather than later" in the face of strong growth, a top Fed official said on Thursday 16 June.
ECB official sees more cross-border bank mergers
European Central Bank executive board member Gertrude Tumpel-Gugerell said on Friday 17 June that more cross-border mergers in the financial sector are likely to take place in Europe in the future, partly driven by the limits reached in domestic…
Bank of Japan Monthly Report, June 2005
The Bank of Japan published the English version of its June 2005 monthly report on Friday 17 June. In the report the BOJ said the economy continues to recover because of higher capital investment and consumer spending.
Comments by BoE's Nickell on OECD Paper
In a recent paper two OECD economists say "the absence of monetary policy autonomy seems to be associated with lower structural reform activity in large, more closed economies". Stephen Nickell commented on the paper at an ECB conference on Friday 17…