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Fed's Bernanke: What have we learned since 1979?
In the speech 'Panel discussion: What Have We Learned Since October 1979?' given on 8 October, Ben Bernanke of the Federal Reserve said by doing what was necessary to achieve price stability, the Volcker Fed laid the groundwork for two decades, so far,…
Ferguson on free trade: What do economists know?
In a speech on 'Free Trade: What Do Economists Really Know?' given on 7 October, Roger Ferguson of the Federal Reserve said he sees the current account deficit as a risk if it ends in a wrenching adjustment that strains Americans and spills over to other…
New Hong Kong banknotes
The Hong Kong Monetary Authority (HKMA) announced Sunday 10 October that the remaining three denominations, $20, $50 and $1,000, of the new series of Hong Kong banknotes will be put into circulation from 11 October 2004.
When currency empires fall
Is the dollar doomed as the world's reserve currency? CentralBankNet caught up with Professor Avinash Persaud at a lecture on Thursday 9 October as he set out his dramatic vision of how global currency markets might evolve over the course of the 21st…
Almunia says ECB views on pact 'important'
EU economic and monetary affairs commissioner Joaquin Almunia told the European Parliament the European Central Bank's views on plans to reform the stability and growth pact are "very important", but ultimately it is member states who will vote on the…
Euro or euras?
Algirdas Brazauskas, the Lithuanian prime minister, has criticised the EU's demand that the single currency be called the euro, not the euras, as it is known in Vilnius.
Trichet note change sparks forgery claims
Berlin police have reassured citizens worried about an unfamiliar signature on their new euro notes that the money is genuine, news agencies report.
ECB's 'gouverning council'
Who said the English language was taking over Europe? The European Central Bank's governing council met in Brussels yesterday, instead of Frankfurt. The bank always works in English but, according to the FT's observer column, the sign above ECB president…
BMA deputy governor to step down
Bahrain Monetary Agency (BMA) Deputy Governor Khalid Al Bassam will step down at the end of the year after more than 15 years with the central bank.
Growth impact from oil 'modest' says Fed's Hoenig
Record oil prices will only have a moderate impact on U.S. growth which looks set for a solid performance over the next 18 months, Federal Reserve Bank of Kansas City President Thomas Hoenig said on Wednesday 6 October .
Buba's Stark sees risk to growth from oil price
Bundesbank Vice-President Juergen Stark has said in an interview that record oil prices pose a greater risk to the euro region's economic growth prospects than they do to inflation.
Canada's exchange rate 'source of uncertainty'
Bank of Canada Deputy Governor Sheryl Kennedy said in a speech on Thursday 8 October that the central bank views the exchange rate as a "source of uncertainty" when forecasting economic growth.
Fed could pause on weak data says McTeer
Dallas Fed President Robert McTeer said on Thursday 7 October that the Federal Reserve's decisions to raise short-term interest rates will depend on incoming economic data for the US.
Inaugural speech by Argentina's Redrado
In a speech to his staff on 24 September, the new Governor of the Central Bank of Argentina, Martin Redrado, said he aims at creating and developing new challenges. He said his goals include consolidating the value of the peso as a clear value reserve…
PBOC's Xiaochuan on anti-money laundering in China
In a speech on 'Anti-money laundering in China - the status quo and prospects' given on 27 August, Zhou Xiaochuan of the People's Bank of China said despite some achievements attained in China's anti-money laundering (AML) work, we are still facing very…
Fed's Greenspan on monetary policy after Oct 1979
In a speech on 'Monetary policy twenty-five years after October 1979' given on 7 October, Federal Reserve chairman Alan Greenspan praised former central bank chief Paul Volcker's "decisive action" against rising prices at a landmark meeting of the…
Fed's Bernanke on cb talk and monetary policy
In a speech on 'Central Bank Talk and Monetary Policy' given on 7 October, Ben Bernanke of the Federal Reserve said the Federal Reserve should take additional steps to be more transparent because monetary policy is more effective when the Fed gives the…
Canada's Dodge on global economic developments
In a speech on 'Global Economic Developments and the Implications for Ontario' given on 7 October, David Dodge of the Bank of Canada said Canadian capital and financial markets need to become more efficient.
Cleveland Fed chief sees sustainable expansion
Cleveland Federal Reserve President Sandra Pianalto told a business conference on Thursday 7 October that the U.S. economy appears to be in a self-sustaining expansion, with both inflation and inflation expectations low.
BOK governor warns on asset price bubble
Bank of Korea (BOK) Governor Park Seung said on Thursday 7 October that further interest rate reductions could lead to an asset price bubble and that current rates were sufficient to support investment and production activities of businesses.
RBI chief Reddy sees oil price as concern
The Reserve Bank of India Governor YV Reddy said on Thursday 7 October that the sharp rise in global oil prices was a matter of concern but India was well equipped to handle the situation due to sufficient forex reserves.
Fed's 'measured pace' may be faster or slower
Federal Reserve Bank of St. Louis President William Poole said on Wednesday 6 October that statements from the central bank were not "ironclad" undertakings of future action and objectives change as the economy evolves.
ECB press conference with questions and answers
At the ECB's press conference on Thursday 7 October, following its decision to leave eurozone interest rates unchanged, Jean-Claude Trichet said the ECB's Governing Council is convinced that substantial improvements in the implementation of the Stability…
Fed's Ferguson on the personal saving rate
In a speech on 'Questions and reflections on the personal saving rate' given on 6 October, Roger Ferguson of the Federal Reserve said the large US current account deficit brings with it risks that a sharp adjustment in overseas demand for US assets could…