Monetary Policy
ECB in dispute over new HQ
Local politicians said Friday that the ECB is currently in dispute with the municipal authorities of Frankfurt over the design of the central bank's new headquarters.
Fed's Bies on developments in financial markets
In a speech on 'Developments in Financial Markets and Financial Management' given on 30 September, Susan Schmidt Bies of the Federal Reserve said both the household and business sectors appeared to be in good shape.
IMF urges China to float yuan now
IMF managing director Rodrigo de Rato said on Wednesday 29 September that it would be to China's advantage to uncouple the yuan from the dollar. This article looks at the chances of China making some concession on the currency question at Friday's G7…
Bank of Canada Working Paper on Taylor Rules
In this Working Paper from the Bank of Canada the authors compute welfare-maximizing Taylor rules in a dynamic general-equilibrium model of a small open economy. They find that the welfare gains from moving to the optimal Taylor rule are larger than…
Death of Vanhala, former governor of Finnish cb
Matti Vanhala, former governor of the Bank of Finland, died on Wednesday 29 September from cancer, the bank said in a statement. He was 58.
China agrees 'steady' move on exchange rate
The US won a commitment from China at the G7 meeting in Washington on Friday that it would move 'firmly and steadily' to a flexible, market-based currency.
Minutes show Fed banks favoured hike by August
All of the 12 Federal Reserve regional banks had expressed support for raising short-term interest rates in August, minutes of the Fed's discount rate meetings released on Thursday 30 September showed.
BOE's Bell: Spending revisions meet expectations
Bank of England Monetary Policy Committee member Marian Bell said a decision by the statistics office to revise down figures for consumer spending in the second quarter matched the Bank's own expectations.
Bulgaria plans 2009 euro introduction
Governor of the National Bank of Bulgaria Ivan Iskrov has announced that the BNB is ready to print euro banknotes and coins.
Fukui, Greenspan discuss Japan, US economies
Toshihiko Fukui of the Bank of Japan and Federal Reserve chairman Alan Greenspan discussed the global economy on Thursday 30 September, as well as the economic situations of the US and Japan, Kyodo News reported a BOJ source as saying.
Jusko to step down as head of NBS in December
Marian Jusko, the governor of the National Bank of Slovakia (NBS), has announced that he will leave his post in December of this year, and not July 2005, as originally expected, according to the CTK news agency.
Socialists deny move to allow removal of Jarai
The governing Hungarian Socialist Party (MSZP) categorically denied a report Wednesday by the daily Magyar Nemzet that the party is preparing legal modifications that would allow the removal of Zsigmond Jarai, governor of central bank MNB.
Central bankers get scores in global report
Taiwan's central bank governor Perng Fai-nan's performance isgraded "B" this year, up from last year's "C," according to a report byGlobal Finance magazine scheduled to be released Friday 1 October.
Indonesia acquits former central bank chief
Indonesia's top court has reportedly acquitted the former governor of thecountry's central bank, Bank Indonesia, on all charges relating to a multi million dollar scandal.
New York Fed and BOE plan to publish for-ex data
The New York Fed and a committee involving the Bank of England are preparing to publish global foreign-exchange market data on a regular basis, according to the Wall Street Journal Friday.
Russia plans reduced for-ex intervention
A top bank official said Thursday the Bank of Russia hopes new monetary instruments will allow it to scale down its regular foreign exchange market interventions.
Fed's Bies::challenges for accountancy
In the speech 'Challenges Facing the Accounting Profession Today' given on 28 September Susan Schmidt Bies of the Federal Reserve said the U.S. labour market "looks like it is picking up again," after slowing in June and July.
Padoa-Schioppa on challenges of market building
In a speech on 'The European Union and the Russian Federation: Challenges of market building' given on 28 September, Tommaso Padoa-Schioppa of the ECB said the Bank of Russia and the Eurosystem have entered into a dialogue on the whole range of central…
BIS Triennial Central Bank Survey 2004
The Triennial Central Bank Survey conducted in April 2004 by 52 central banks and monetary authorities and coordinated by the Bank for International Settlements (BIS) was the second comprehensive assessment of foreign exchange and derivatives market…
Norway's Gjedrem: Conduct of monetary policy
In a speech on 'The conduct of monetary policy' given on 28 September, Svein Gjedrem of Norges Bank said growth is high in the Norwegian economy and there are prospects of continued strong growth in petroleum investment in 2005. Employment is rising,…
BOJ winding up the stock purchasing program
The Bank of Japan has said in a statement that it has ended its policy of buying stocks from commercial banks as initially planned.
G7 to discuss oil prices and China
Finance ministers and central bank governors from the Group of Seven industrialised nations will hold a one-day meeting on Friday 1 October in Washington.
Japan on way to sustainable recovery: BOJ's Fukuma
Bank of Japan policy board member Toshikatsu Fukuma said in a speech that growth in Japan this fiscal year will exceed the central bank's 3.1 per cent forecast as the world's second-largest economy moves toward a sustainable recovery.
Fed's Stern plays down consumer debt fears
US consumers are in good financial shape, top Fed official Gary Stern said, rejecting fears that high levels of household debt are unsustainable.