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China announces 'prudent' economic polices for 05
China announced on Thursday 2 December economic planning adjustments for 2005 that will change current "pro-active" fiscal and monetary policies into more "prudent" measures.
Mizuno says zero-rate policy beating deflation
New Bank of Japan policy maker Atsushi Mizuno said on Friday 3 December that the BOJ's zero-rate policy is overcoming deflation and the bank must look at potential side effects of maintaining its stance.
Bank Negara Malaysia appoints assistant governors
Bank Negara Malaysia announced on Wednesday that it had appointed Encik Muhammad Bin Ibrahim and Puan Nor Shamsiah Yunus to the post of Assistant Governor, effective from 1 December.
National Bank of Ukraine's Tyhypko resigns
The head of Ukraine's central bank, Serhiy Tyhypko, resigned from his position on Monday 29 November to engage in politics full-time.
Slovak government considers two to replace Jusko
The Slovak government is considering two candidates to replace outgoing National Bank of Slovakia (NBS) governor Marian Jusko, CTK news agency reported this week.
Iwata on the euro from a Japanese perspective
In a speech on 'The euro from the Japanese perspective' given on 19 November, Kazumasa Iwata of the Bank of Japan said the case of the euro serves as a good model of a combination of both market selection and political will. On the other hand, in Asia,…
Former MPC member to oversee Blunkett inquiry
Sir Alan Budd, a former member of the Bank of England's Monetary Policy Committee, has been commissioned by John Gieve, the Home Office permanent secretary, to undertake an "urgent investigation" into claims that Home Secretary David Blunkett fast…
RBA paper: News and interest rate expectations
The RBA Discussion Paper "News and interest rate expectations: A study of six central banks" analyses the effect of news relating to the expected path of monetary policy on interest rate futures. Results suggest that the impact of the RBA's communication…
HKMA's Topping on liquidity risk management
In a speech on 'Liquidity risk management: A regulator's view' given on 16 November, Simon Topping of the Hong Kong Monetary Authority said central to effective liquidity risk management is a bank's ability to maintain adequate liquidity in the event of…
Fed's Bernanke on the logic of monetary policy
In a speech on 'The logic of monetary policy' given on 2 December, Ben Bernanke of the Federal Reserve said that official short-term interest rates are not an accurate gauge of how much stimulus or restraint policy-makers intend because most decisions…
The shortest year of my life: Zimbabwe's Gono
It is one year since Gideon Gono took office as governor of the Reserve Bank of Zimbabwe. This article looks back on Gono's first year and quotes him as saying "It has been one of the shortest years I've ever had to live in my 45 years of existence. The…
The man who shaped the Federal Reserve
A new biography, "Chairman of the Fed: William McChesney Martin Jr. and the Creation of the Modern Federal Reserve System tells Martin's story as Fed chairman from 1951, when over the next 19 years, it says, he employed a combination of diplomacy,…
Interview with San Francisco Fed's Yellen
In an interview published this week, president of the Federal Reserve Bank of San Francisco Janet Yellen says in her spare time she enjoys running, and has run a few half-marathons. She describes her time at the White House as exciting and interesting…
ECB announces changes in senior management
The Executive Board of the European Central Bank announced on Thursday 2 December that it has decided on some changes in senior management at the ECB.
Brazil minister calls for relaxed monetary policy
Brazil's Development, Trade and Industry Minister Luiz Fernando Furlan criticised the central bank's conservative monetary policy and expressed concerns over the impact on the economy of the strengthening of the real against the dollar, AFX News said.
Estonians to vote on euro coin design
Estonians will have a chance to decide the appearance of the national side of their euro coins by a week-long telephone vote, due to start this weekend, the Bank of Estonia said Thursday 2 December.
Belgium against German plans on stability pact
In an interview published Thursday Belgian prime minister Guy Verhofstadt voiced his opposition to German plans on how to reform the rules governing the euro.
U.S. rates have to rise further says Fed's Yellen
Janet Yellen, the president of the San Francisco Fed said in a speech Wednesday many factors are restricting growth in the U.S. economy, creating "opportunities" for the Federal Reserve to pause from its path of steady rate increases.
China unlikely to revalue the yuan soon
Expectations for the revaluation of China's yuan have become a hot topic in and outside China since October. This article looks at the situation and includes recent comments from officials at the People's Bank of China and Premier Wen Jiabao.
Trichet says intervention is central bank 'weapon'
The Governing Council of the ECB decided to keep eurozone interest rates unchanged at its meeting on Thursday 2 December. Speaking at the post-meeting press conference ECB president Jean-Claude Trichet said the euro's recent appreciation, which pushed…
Towards a Single Euro Payments Area - 3rd report
In its third progress report on the single euro payment area (SEPA), published on Thursday 2 December, the Governing Council of the ECB assesses recent developments in the efforts to transform the still largely fragmented national retail payment systems…
Federal Reserve Board - Beige Book, December 2004
The Federal Reserve has published its December 2004 Beige Book survey. The report finds that the US economy kept expanding from mid-October to mid-November, picking up speed in several regions of the country.
BoE's King on facing up to uncertainty
In the speech 'What fates impose: Facing up to uncertainty' given on 1 December, Mervyn King, governor of the Bank of England said that transparency about what we know and what we don't know, far from undermining credibility, helps to build trust and…
RBNZ's 'Snakes and ladders'
The Reserve Bank of New Zealand has issued a new publication that seeks to inform households about how to manage the risks inherent in saving and investing. The 48-page publication has been commissioned by the Reserve Bank and written by investment…