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Greenspan misses the point about yuan
This article looks at Alan Greenspan's recent comment on China that "They're going to have to, for stability's purposes, move their currency." In theory, Greenspan is right about the central bank "finding some difficulty" in selling debt. However, the…
Denmark's Andersen on the global economy
In a speech given on 28 April, Bodil Nyboe Andersen of Danmarks Nationalbank said the global economy is generally in a period of strong growth - at a rate of 5.1 per cent in 2004. However, this may not completely match the picture painted by the media.
Sweden leaves repo rate unchanged at 2 per cent
At its meeting on 28 April, the Executive Board of the Sveriges Riksbank decided to leave the repo rate unchanged at 2 per cent. Inflation, measured in terms of UND1X, is expected to be in line with the Riksbank's target a couple of years ahead, the bank…
Sveriges Riksbank Economic Review 1st Quarter 2005
The Sveriges Riksbank has published its Economic Review for the 1st Quarter 2005. This year's first issue contains four articles: on the relationship between monetary policy and employment, on the inflation target, on the upswing in productivity growth…
Deutsche Bundesbank Monthly Report, March 2005
The Deutsche Bundesbank has published the English version of its March 2005 Monthly Report. Real GDP in the fourth quarter of 2004 was down 0.2% on the figure for the preceding three-months.
HKMA appoints deputy chief executive
The Hong Kong Monetary Authority announced on Tuesday 26 April that the Financial Secretary has approved the appointment of Mr Y. K. Choi as Deputy Chief Executive of the HKMA. Two other appointments were also made, which will all take effect on 1 June.
Bank of PNG appoints deputy governor
The Bank of Papua New Guinea recently announced the appointment of Mr Loi Martin Bakani to the position of Deputy Governor Policy and Regulations. His term is for five years.
IMF appoints new director of evaluation office
The Executive Board of the International Monetary Fund has offered Thomas Bernes of Canada the position of Director of the IMF's Independent Evaluation Office, and he has accepted the Board's offer, the IMF said on Monday 25 April.
Fukui says policy may not change with positive CPI
Bank of Japan governor Toshihiko Fukui said Thursday the central bank would not necessarily abandon its ultra-easy credit policy once the core consumer price index stops falling.
Calls for curb on Brazil's central bank autonomy
Severino Cavalcanti, the president of Brazil's lower house of congress, has said he wants to remove the power of the central bank to independently set interest rates.
Fed's Gramlich on federal /state lending standards
Federal Reserve Governor Edward Gramlich said on Wednesday 27 April that creating federal standards to combat predatory lending will not necessarily lead to a safer system for consumers.
ECB's Trichet calls for debate on company profits
European Central Bank president Jean-Claude Trichet has called for a European debate on the way company profits are distributed.
RBNZ leaves rates unchanged at 6.75%
The Reserve Bank of New Zealand left the OCR unchanged at 6.75 per cent on Thursday 28 April. In a statement RBNZ governor Alan Bollard said underlying inflation pressures are persisting, as evidenced by rising business costs and ongoing labour market…
Fed Reserve Bank of St Louis Review, Mar/Apr 2005
The latest edition of the St Louis Fed's Review for March-April 2005 includes an article by Allan Meltzer "Origins of the Great Inflation". The Great Inflation from 1965 to 1984 is the climactic monetary event of the last part of the 20th century. The…
Philadelphia Fed Business Outlook Survey, Apr 2005
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, April 2005, activity in the region's manufacturing sector continues to expand.
ECB's Issing on EU and euro zone enlargement
In a speech on 'The enlargement of the EU and the euro zone' given on 27 April Otmar Issing of the ECB said the main question for the new Member States is how to achieve fast catching up to the old Member States.
Norway's Gjedrem: Business cycles, monetary policy
In a speech 'On business cycles, monetary policy and property markets' given on 26 April, Svein Gjedrem of Norges Bank said the Norwegian economy is growing at a solid pace and there are prospects that growth will remain high.
CBN on learning curve
In almost one year of Charles Soludo's appointment as governor of the Central Bank of Nigeria his tenure the CBN is in a learning curve, this article says. This has manifested in three major policies, among them the restructuring of the CBN and the…
ECB report confirms reserve diversification plan
The European Central Bank confirmed in its annual report on Tuesday 26 April that it is working on significant changes to its foreign reserve management strategy that would allow diversification into different financial instruments.
PBOC sees three risks to China's banking system
Chinese banks continues to face three major kinds of risk, namely credit risk, performance risk and trans-business risk, according to Xiang Junbo, deputy governor of the People's Bank of China.
High oil prices 'handicap' eurozone says Issing
European Central Bank chief economist Otmar Issing said on Tuesday 26 April that the high price of oil is a "handicap" to the euro zone economy.
Buba's Weber says Q1 growth high
Bundesbank President Axel Weber said on Tuesday 26 April that Germany's economic growth in the first quarter was likely the "strongest" in the year, and is estimated to have posted "roughly about 0.5 pct" GDP growth.
Russian central bank to increase euro weighting
The Central Bank of Russia plans to increase the euro's weighting in its bi-currency basket to 0.3 soon, CB First Deputy Chairman Alexei Ulyukayev told a press conference on Tuesday 26 April.
Fed's Ferguson on central banking in the US
In a speech on 'The evolution of central banking in the United States' given on 27 April, Roger Ferguson of the Federal Reserve said that central banking practice adapts over time as markets evolve and this had been the Fed's experience and would likely…