Monetary Policy
Juncker says EU to press China on peg
European finance ministers are set to appeal to China at this week's Group of Seven meeting to allow its currency to appreciate, according to Luxembourg Prime and Finance Minister Jean-Claude Juncker.
Irish bank chief highlights eurozone uncertainties
Ireland's central bank governor John Hurley told a meeting on Monday 11 April that stronger growth in the euro area still remains an emerging prospect rather than a current reality.
Zhou: anti-money laundering mechanism essential
China's central bank governor Zhou Xiaochuan said on Tuesday 12 April that it is of "significant importance" for European and Asian countries to establish an efficient anti-money laundering mechanism, People's Bank of China sources were quoted as saying.
Fed's Santomero stresses inflation vigilance
In an interview with USA Today, Philadelphia Fed President Anthony Santomero said the US economy was "in good shape and growing at a good pace, not too fast so as to create all these imbalances and pressure on prices, but clearly moving slightly above…
Tanigaki: G7 likely to keep same forex message
Japanese Finance Minister Sadakazu Tanigaki said high oil prices are expected to top the agenda when G7 finance chiefs meet in Washington later this week.
Liebscher: Austria after 10 years of EU membership
In a speech on 'Austria after 10 years of EU membership - a review from a central banking perspective' given on 1 April, Klaus Liebscher of the Austrian National Bank said the country's EU entry and its participation in the currency union have "shaped"…
Bank of Japan Monthly Report, April 2005
The Bank of Japan published the English version of its April 2005 monthly report on 8 April. In the report the BOJ left its monthly assessment of the nation's economy unchanged from the previous month but said exports are starting to pick up, and…
France's Noyer on the euro, a stabilizing factor
In a speech on 'The euro, a stabilizing factor at home and abroad' given on 21 March Christian Noyer of the Bank of France said that in contrast to the domestic role of a currency, which is strongly determined by institutions, the international role of a…
Fed's Greenspan on consumer finance
In a speech on 'Consumer finance' given on 8 April, Alan Greenspan of the Federal Reserve said the success of financial services industries in expanding credit availability has significantly helped the U.S. economy.
Luxembourg sees limited manoeuvre on ECB rate
The central bank of Luxembourg said in its latest financial stability report that it sees a "limited margin of manoeuvre" on European Central Bank interest rates.
China to move on yuan rate at 'appropriate' time
Senior Chinese economists believe China's current exchange rate needs to be adjusted "at an appropriate time and in an appropriate way," the Shanghai Securities News has reported, according to State news agency Xinhua.
Asian central bankers to meet in May
Central bank governors of South Korea, Japan and China plan to discuss their currencies and foreign exchange reserves next month in Seoul, Park Seung said Sunday.
Ex-Fed chairman Volcker to get honorary degree
Paul Volcker, who headed the Federal Reserve from 1979 to 1987, will receive an honorary degree at Rensselaer Polytechnic Institute's commencement on Saturday 21 May.
China SAFE's Ma Delun appointed to PBOC
China's State Administration of Foreign Exchange (SAFE) deputy director Ma Delun has been appointed as an Assistant Governor at the People's Bank of China.
Committee to assess Sweden's inflation targeting
Comment from the Sveriges Riksbank with regard to the Riksdag Committee on Finance's planned evaluation of monetary policy, 7 April.
Spain's Caruana at the IIF Spring Meeting
In a speech given on 1 April Jaime Caruana of the Bank of Spain defended the European Commission's efforts to remove internal barriers to consolidation in the continent's financial sector.
St Louis Fed's Poole on current account balances
In the speech 'A perspective on the graying population and current account balances' given on 8 March William Poole of the Federal Reserve Bank of St. Louis said aging populations and shrinking workforces in Japan and Europe may help reduce the U.S…
Philadelphia's Santomero on making monetary policy
In the speech 'Making monetary policy: What do we know and when do we know it?' given on 7 April Anthony Santomero of the Philadelphia Fed said economic data tend to be imprecise and therefore it makes sense for the Federal Reserve to act cautiously.
RBA's Stevens on statistical need of central banks
In the speech 'The changing statistical needs of central banks' given on 8 April Glenn Stevens of the Reserve Bank of Australia said central banks have long been intense users of statistics. However, the statistical needs and interests of central banks…
BoJ's new board member urges gradual policy shift
Kiyohiko Nishimura, who joined the Bank of Japan's nine-member policy board on Friday, told a press conference that the central bank needs to move slowly in altering its current super-loose credit policy.
Argentina's Redrado calls for fiscal prudence
Argentina's central bank president Martin Redrado called for fiscal prudence in the coming quarter to ensure inflation does not exceed 8 percent this year.
IMF warns of 'permanent oil shock'
The world faces "a permanent oil shock" and will have to adjust to sustained high prices in the next two decades, the International Monetary Fund said Thursday in its April 2005 World Economic Outlook.
US proposes law on China currency peg
A proposed law in the US would mean currency manipulation would be labelled an unfair trade practise allowing manufacturers to challenge China's fixed yuan peg.
Interview with Central Bank of Malta's Bonello
In a recent interview the governor of the Central Bank of Malta, Michael Bonello, said Malta is well suited to participate in the euro area. Delaying euro adoption would not only postpone the benefits of the single currency but could also place Malta…