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RBI's Udeshi on bank supervision- challenges ahead
In a speech on 'Bank Supervision - Challenges Ahead' given on 28 August, Smt. K.J. Udeshi of the Reserve Bank of India said in view of the relevance of improved risk management systems under the changing circumstances and the larger emphasis placed on…
Sweden's Persson: structural reform and employment
Deputy Governor of the Sveriges Riksbank Kristina Persson on Monday September 13 gave her view of economic developments at a seminar in Paris arranged by the Swedish Center for Business and Policy Studies and the Swedish Chamber of Commerce.
Poole on challenges for US businesses
At a panel discussion on the challenges for U.S. businesses which took place on 10 September, William Poole of the Federal Reserve Bank of St. Louis said the large U.S. current account deficit does not worry him as it implies a capital account surplus,…
Richmond Fed's Economic Quarterly, Summer 2004
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Summer 2004. The paper "How do central banks control inflation?" says an intellectual consensus over how central banks control inflation has not accompanied the broad public…
Global recovery on track, say G10 central bankers
The global economic recovery is on track but monetary authorities have to remain vigilant against inflationary dangers, the G10 central bank governors said on Monday 13 Septemberin Basel, Switzerland.
Weak EU growth threat to recovery: UK's Brown
Weak economic growth in the European Union is threatening the "uneven and fragile" global recovery, British Treasury chief Gordon Brown said in comments published on Friday 10 September.
ECB chief economist says Pact losing its bite
The European Central Bank's chief economist has described the current status of the eurozone's Stability and Growth Pact as 'intolerable'. Otmar Issing told the German newspaper Die Welt that without a credible threat of sanctions, the pact was 'losing…
IMF's Krueger to visit Moscow
The International Monetary Fund's First Deputy Managing Director Anne Krueger will be visiting Moscow September 12- 15, IMF External Relations Department Director Thomas Dawson announced in Washington on Thursday 9 September.
Rate hikes can be measured, says Dallas Fed chief
Dallas Federal Reserve President Robert McTeer said on Friday 10 September that he believed further interest rate increases could be measured and noted that economic growth would be stronger in the months ahead.
Bank of Japan Monthly Report, September 2004
The Bank of Japan released the English version of its September 2004 monthly report on 13 September. In the report the bank said Japan's economy continues to recover. But the report also says exports and industrial production increased at a slower pace,…
Cleveland's Pianalto: an economic perspective
In a speech on 'A National Economic Perspective' given on 10 September, Sandra Pianalto of the Federal Reserve Bank of Cleveland said US interest rates should rise to avoid future price pressures, but conceded that inflation did not pose a major threat…
Yellen on US economic and monetary policy
In a speech on US economic and monetary policy given on 9 September, Janet Yellen of the San Francisco Fed said the Fed's overnight interest rate remains well below the neutral level, so there is "a strong presumption that rates will need to keep going…
Find your way around Basel II with FSI Connect
Banking supervisors around the world are gearing up to implement the new capital accord Basel II. FSI Connect, a web-based study and tutoring programme has been designed specifically for banking supervisors by experts at the BIS. Courses focus on risk…
Belgium may scrap euro cent coins
Belgium is to stop producing one- and two euro cent coins, following in the footsteps of eurozone partners Finland and the Netherlands, AFP reported Finance Minister Didier Reynders as saying.
NBP's Balcerowicz says budget efforts not enough
Polish Central Bank Governor Leszek Balcerowicz said efforts to narrow the budget deficit next year won't be enough to help the country qualify for the euro by 2007.
Fed's Guynn says price pressures won't be ignored
U.S. inflation has "stayed in a relatively narrow band" but the Fed will not take its eye off the ball, President of the Federal Reserve Bank of Atlanta Jack Guynn said in an interview with Bloomberg News published on Thursday 9 September.
Robust expansion ahead: Minneapolis Fed's Stern
Federal Reserve Bank of Minneapolis president Gary Stern said Thursday that the US economy is likely to grow at a rate of 4 percent for the remainder of this year.
Eichel raps Bundesbank over stability pact
German Finance Minister Hans Eichel rapped the Bundesbank on Friday 10 September for its recent criticism of the EU's proposed changes to the stability and growth pact in a press release titled "Do not weaken the Stability and Growth Pact".
Juncker confirmed as Mr Euro
Luxembourg Prime Minister Jean-Claude Juncker was named on Friday 10 September as the first "Mr Euro", a political figurehead to represent the 12-nation eurozone.
Fed's Olson: Protecting financial infrastructure
In testimony 'Protecting the financial infrastructure' given on 8 September Mark Olson of the Federal Reserve said that as a result of careful planning and considerable investment by both the private and public sectors, the financial sector is one of the…
Federal Reserve Board - Beige Book, September 2004
The Federal Reserve has published its September 2004 Beige Book survey. The report said that while the US economy continued to grow in late July and August, growth in several regions slowed following a softening in household spending.
Financial Stability Forum hold its twelfth meeting
The Financial Stability Forum (FSF), chaired by Roger Ferguson, Vice Chairman of the Federal Reserve, met on 8-9 September in Washington DC. Members discussed risks and vulnerabilities in the international financial system and offshore financial centres…
Former RBA chief criticises PM on rates
Former Reserve Bank of Australia governor Bernie Fraser said in an interview he expects interest rates to rise straight after the election, partly because of what he sees as the lax budgetary policies of the Howard government.
Bank of Israel staff to get medals
The Bank of Israel is to spend NIS 320,000 on medals to be awarded to all members of staff in commemoration of the central bank's Jubilee year, Haaretz reported. However, a planned celebration for staff and retired workers was cancelled, the report said.