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Bank of England MPC Minutes 9/10 June 04
Minutes of the Bank of England's Monetary Policy Committee Meeting were released on 23 June for the meeting of 9 and 10 June 2004. The minutes showed the MPC voted unanimously in favour of raising interest rates to 4.5% saying the outlook for the world…
Trichet: Supply side economics and monetary policy
In the speech 'Supply side economics and monetary policy' given on 22 June Jean-Claude Trichet of the ECB said on the basis of decades of economic research and central banking practice a widespread consensus view has by now consolidated on what monetary…
Santomero on preparing for 21st century economy
In the speech 'Preparing for the 21st Century Economy' given on 22 June Anthony Santomero of the Federal Reserve Bank of Philadelphia said technological changes and increased globalisation have driven the US economy over the last decade and led to an…
Fed's Bies on trends in risk management
In the speech 'Trends in Risk Management and Corporate Governance' given on 22 June Susan Schmidt Bies of the Federal Reserve said America's banks and other financial institutions are making progress in tightening their rules and procedures but still…
Bank of Japan to be restructured
The Bank of Japan faces major restructuring in July, the Yomiuri Shimbun reported Tuesday, with reforms to personnel policies and salaries intended to increase efficiency.
PBOC denies interest rate rumour
The People's Bank of China (PBOC), the central bank, denied media reports on Monday that its research bureau had sent a report proposing an interest rate rise to the State Council, China's cabinet.
Weber says ECB concerned on oil price effect
Bundesbank president Axel Weber has said the European Central Bank is concerned about the possible secondary inflationary effects of the higher oil price.
Japanese reform efforts praised by IMF's Rato
The new head of the International Monetary Fund on Tuesday praised Japan's recent economic reforms saying the reforms had paid off and the future can be even brighter.
Mervyn King's Mansion House dinner speech
In his Mansion House dinner speech given on 16 June Mervyn King of the Bank of England said central bank practices need to evolve with the technology for payments which is constantly evolving. Widening access to the UK large value payment system can lead…
Fed strategy to meet demands of payment system
The Federal Reserve Banks has announced a strategy to accommodate the evolution of the nation's payments system from paper check processing to electronic processing, a development driven by a significant broad-based change in user preference, it said in…
Tumpel-Gugerell on a crisis prevention toolkit
In the speech 'Is there consensus on the crisis prevention toolkit?' given on 22 June Gertrude Tumpel-Gugerell of the ECB said the crisis prevention toolkit has been enriched considerably over the last few years. They are logically intertwined elements…
HKMA's Yam on banking sector risks and challenges
In the speech 'Banking sector risks and challenges' given on 16 June Joseph Yam of the HKMA said drew attention to five processes that are likely to have an impact on the banking industry in the future. Each of these will have a different degree of…
Fed Res Bank of Minneapolis - Annual Report 2003
The Federal Reserve Bank of Minneapolis has published its Annual Report for the year ended 2003. The Annual Report contains an article 'The Industrial Revolution: Past and Future'. "We live in a world of staggering and unprecedented income inequality,"…
St Louis Fed's Poole on free trade
In the speech 'Free Trade: Why are Economists and Noneconomists So Far Apart?' given on 15 June William Poole of the Federal Reserve Bank of St. Louis said the media must do more to explain the benefits of free trade to the public, since economists have…
Structural handicaps limiting growth says Trichet
European Central Bank president Jean-Claude Trichet said in an interview published Monday that structural handicaps such as labour market regulations and high public spending are the main limit to European growth.
Hungary leaves interest rates steady
The National Bank of Hungary left interest rates unchanged Monday and issued a warning about inflationary pressures in the economy.
Bundesbank optimistic for German industry
The Bundesbank said in its June monthly report published 21 June that it is expecting the recovery in the German industrial sector to continue this year.
ECB's Issing says ECB mandate won't change
Moves by certain eurozone governments to alter the European Central Bank's mandate so that the bank focuses more on growth and less on inflation are doomed to fail, says the ECB's chief economist Otmar Issing in a newspaper interview published Monday.
Greenspan takes oath for fifth term
Alan Greenspan Saturday evening took the oath of office as Chairman of the Board of Governors of the Federal Reserve System for a fifth four-year term commencing on June 20, 2004.
Bomb explodes near Iraq central bank
A mortar round exploded near Iraq's central bank on Sunday, injuring 10 people in the capital according to reports.
Broaddus on the economy and monetary policy
In the speech 'Comments on the economy and monetary policy' given on 16 June Alfred Broaddus of the Federal Reserve Bank of Richmond said he was confident U.S. inflation would stay contained, but it was critical to preserve the Fed's credibility for…
Bank of Japan Monthly Report, June 2004
According to the Bank of Japan's June Monthly Report the Japanese economy is "gathering strong momentum" and continues to recover, increased production and corporate profits are having a positive effect on employment, it said.
Bank of England Quarterly Bulletin, Summer 2004
The Bank of England released its Quarterly Bulletin Summer 2004, on 18 June. The Bulletin includes articles titled "Assessing the stability of narrow money demand in the United Kingdom," "Deriving a market-based measure of interest rate expectations," …
All eyes on Ireland
Ireland's single financial services regulator was a year old last month. Unusually for a single regulatory authority, it has been established as a wing of the central bank. Chief executive Liam O'Reilly spoke to Michael Imeson about its achievements so…