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BIS's White on economic and financial statistics
In the speech 'Economic and financial statistics: a glass half full or half empty?' given on 9 September, William White of the BIS said statisticians would make a material contribution to global well-being if they would sometimes remind their economist…
Trichet on current issues on the ECB and the euro
In a speech on 'Current issues on the European Central Bank and the euro' given on 27 September, Jean-Claude Trichet of the ECB said the ECB has never overreacted to economic data and developments, and has therefore ensured that the euro zone economy is…
Tanigaki says Japan able to withstand oil impact
Japanese Finance Minister Sadakazu Tanigaki, who was re-appointed on Monday 27 September in a reshuffle, has expressed confidence that Japan's economic recovery will not be impacted much by surging global oil prices.
ECB member warns on oil price impact to growth
European Central Bank governing council member Vitor Constancio warned on Tuesday 28 September that high oil prices have not yet hurt global economic growth rates and inflation but the risks of a negative impact on both are real.
China predicts economy growing 8-9 pct in 2004
China's economy is on track to grow between 8 and 9 percent in 2004 despite government cooling measures, Yao Jingyuan, spokesman for the National Bureau of Statistics, was quoted today (28 September) as saying.
Fukui: Japan's economy is doing well
The Japanese economy is doing well, although it is still in an adjustment phase toward self-sustaining growth, Bank of Japan Governor Toshihiko Fukui said on Monday 27 September.
Safer, smarter, US $50 bill issued
Newly redesigned $50 notes arrive at banks beginning Tuesday 28 September ready to make their way into circulation and consumer wallets. Today marks the day the Federal Reserve System distributes the new note to banks and thus into the public's hands.
Fukui on the state of Japan's economy
In a speech given on 2 September Toshihiko Fukui of the Bank of Japan said that the positive impact of the current easy monetary policy on economic activity is strengthening as the economy recovers. As the economic recovery raises the expected rate of…
Former governors to give evidence in BCCI case
The Bank of England will call on former governors as it resumes the defence of its role in the collapse of the Bank of Credit and Commerce International.
Ireland's cb admit sflaw in housing model
The Central Bank of Ireland has admitted that the housing model used to produce its first financial stability report last week is flawed. Reports said the current model does not take adequate account of the effect on lenders of a shock to the Irish…
3rd SEACEN payment systems meeting ends
The 3rd Meeting of Southeast Asian Central Bank (SEACEN), Directors of Payment and Settlement System and the 3rd SEACEN-CPSS course on `Payment and Settlement for Emerging Economies' ended with a dinner at The Empire Hotel and Country Club in Brunei last…
Ex-BOJ official says G7 to share views with China
The Group of Seven major economies are likely to seek to share views on the world economy with China in a financial meeting later this week rather than to negotiate on any specific issues, a former Bank of Japan executive has said.
ECB's Papademos sees faster eurozone growth
European Central Bank Vice President Lucas Papademos said at the weekend that economic growth in the dozen euro member countries may be faster in coming quarters than has previously been forecast.
HKMA promotes public awareness of new banknotes
The Hong Kong Monetary Authority (HKMA) said on Monday 27 September that its education campaign on the new series banknotes is making good progress. The main aim of the campaign is to promote public awareness of the security features of the remaining…
After the EU Financial Services Action Plan
A joint document by HM Treasury, the Financial Services Authority and the Bank of England "EU Financial Services Action Plan: UK Response to the Reports of the Four Independent Experts Groups, September 2004" was published on 24 September.
Bank of England Quarterly Bulletin, Autumn 2004
The Bank of England released its Quarterly Bulletin Autumn 2004, on 24 September. Declines in UK house prices may have a smaller impact on consumer spending than in the 1980s, even after households racked up more than a trillion pounds of debt ($1.8…
Sweden's Persson on Basel II and SMEs
On Thursday 23 September, Sveriges Riksbank Deputy Governor Kristina Persson gave a speech titled "Banking and regional development" at a research conference in Stockholm, organised by the Goran Collert Foundation. The subjects discussed included Basel…
Trichet on prospects for the European economy
In a speech on 'European economy: current state and prospects' given on 23 September, Jean-Claude Trichet of the ECB said in the absence of fiscal discipline, price stability can only be maintained at a higher cost in terms of interest rates.
Interview with Callum McCarthy of the FSA
Callum McCarthy is now one year into his new role as chairman of the UK Financial Services Authority. CentralBankNet's Monday Special brings readers his thoughts on the FSA's enforcement policy, on the impact of international accounting standards and on…
Removal of BOZ governor 'should be by tribunal'
In a written submission to Zambia's Constitution Review Commission, the governor of the Bank of Zambia Dr Caleb Fundanga said the removal of a central bank governor from office should be by a tribunal constituted by the Chief Justice.
NBP's relations with government 'heating up'
Relations between Poland's government and the central bank's Monetary Policy Council (RPP) are likely to heat up again, Interfax reported, after Economy and Labor Minister Jerzy Hausner called the current monetary policy "improper," saying it threatened…
China's Wen says no plan for imminent rate rise
China's Premier Wen Jiabao has ruled out the possibility of an imminent rise in interest rates and added that the country would consider its own macroeconomic situation and inflation before making any decision on rates.
Japan to issue anti-counterfeit banknotes
Japan will issue what are described as the world's most advanced anti-counterfeit banknotes on 1 November.
Fed won't let budget gap push up prices- Gramlich
Federal Reserve Board Governor Edward Gramlich said on Thursday 23 September that credible monetary policies can prevent large government budget gaps from stoking inflation, and expressed optimism that would be the case in the United States.