Monetary Policy
'Many ministers' want ECB rate cut says Juncker
Euro group president Jean-Claude Juncker has said "many ministers" want the European Central Bank to cut interest rates.
Buba's Weber says ECB rates appropriate
The current level of interest rates in the 12-country euro zone is 'appropriate,' Bundesbank chief Axel Weber said Wednesday 15 June.
SNB's Roth on Switzerland: Small, but global
In the speech 'Switzerland: Small, but global' given on 10 June, Jean-Pierre Roth of the SNB said many fail to appreciate that this alpine republic is not merely a quaint little country for tourists, but a platform for global activity.
Rato on the IMF in a changing world
In the speech 'The IMF in a changing world' given on 8 June, Rodrigo de Rato of the IMF said to maintain the IMF's effectiveness, it is essential for our membership to resolve the difficult issues that have been raised about our own governance.
SF Fed says flatter yield curve not a warning
A study published by the Federal Reserve Bank of San Francisco says a sharp flattening in the US Treasury yield curve need not suggest the onset of economic weakness.
Fed's Kohn on managing risk
In the speech 'Managing risk in a changing economic and financial landscape' given on 15 June, Donald Kohn of the Federal Reserve said the US current account deficit and surge in house prices may not be sustainable and urged banks to protect themselves…
Bank of England - Annual Report 2005
The Bank of England published its Annual Report for 2005 on 15 June. In his Foreword governor Mervyn King said many of the initiatives arising from the fundamental review of Bank Strategy are already in train.
Iran urges Tajikistan to join union of Asian banks
Visiting from Tehran on Wednesday 15 June, Iran's central bank governor called on Tajikistan to initiate accession of the Tajik national bank to the union of Asian central banks.
China report says efforts stepped up on yuan
The People's Bank of China said in its annual report on Tuesday 14 June it had stepped up its efforts to set up a more flexible foreign exchange mechanism due to fears capital being held overseas could flood back into the country.
ECB rates appropriate says Trichet
ECB president Jeane-Claude Trichet said the ECB council believes its current interest rates are 'appropriate' and that membership of the euro is a win-win situation for member countries.
Japan upgrades economic assessment
The Japanese government upgraded its view of the economy on Wednesday 15 June for the first time in 11 months, citing recovery in personal spending and the labour market.
RBA's Macfarlane: global influences on the economy
In the speech 'Global influences on the Australian economy' given on 14 June, Ian Macfarlane of the Reserve Bank of Australia downplayed a recent slowdown in Australia's economic growth as a healthy correction that might help prolong the current…
BoE's King on the UK economy
In a speech given on 13 June, Mervyn King of the Bank of England said consumer spending may bounce back after a weak first half and that inflation may accelerate.
Riksbank's workshop on inflation targeting
The Sveriges Riksbank held a workshop titled "Inflation targeting: implementation, communication and effectiveness" between 10-12 June. Papers presented at the workshop included "Central-bank communication and the publication of interest rate projections…
Sweden's Heikensten on inflation targeting
In opening remarks to the Conference on inflation targeting: implementation, communication and effectiveness given on 11 June, Lars Heikensten of the Sveriges Riksbank said the contributions to this conference have succeeded in capturing the most…
Bundesbank's Stark on the IMF in a changing world
In the speech 'The IMF in a changing world' given on 8 June, Jurgen Stark of the Bundesbank said he is convinced that the IMF has done an excellent job so far in helping member countries adapt to a changing economic environment.
Flexible yuan would help world economy says Snow
US Treasury Secretary John Snow said on Tuesday 14 June that the world economy would benefit from a more flexible Chinese yuan exchange rate.
SA fin min says IMF gold sales not an option
South African Finance Minister Trevor Manuel said on Monday 13 June that the sale of gold held by the International Monetary Fund was not an option in funding debt relief for poor developing countries any more.
ADB chief calls for early yuan shift
Asian Development Bank President Haruhiko Kuroda said on Tuesday 14 June that China should shift to a more flexible currency regime at an early date as such a move would benefit China and the rest of the world.
PBOC to guard against inflation
China's central bank's stance will remain focused on preventing major fluctuations in the country's economy and keeping prices "from growing to quickly", the official Financial News reported.
Bof E did not lie over BCCI, says former director
A former head of supervision at the Bank of England rejected allegations on Monday 14 June that the Bank had lied during an inquiry into the collapse of Bank of Credit and Commerce International.
BIS's Knight on insurance and banking worlds
In the speech 'Meeting worlds? Insurance and banking' given on 2 June, Malcolm Knight of the BIS discusses how the worlds of banking and insurance are moving closer together, a process triggered by financial liberalisation and financial innovations.
IMF's Rato welcomes G8 proposal on debt
IMF Managing Director Rodrigo de Rato welcomed the G8 Finance Ministers' Conclusions on Development, the IMF said in a press release on 11 June.
BIS Quarterly Review, June 2005
The Bank for International Settlements published its June 2005 Quarterly Review on Monday 13 June. Corporate bond markets have suffered their worst sell-off since 2002, but overall financing conditions remain favourable, according to the survey.