Monetary Policy
Sweden's central bank holds interest rate steady
Sweden's central bank held steady its key interest rate at 2 per cent on Tuesday 15 March, with continued expectations of a global economic recovery and steady economic activity inside Sweden.
Weber on challenges to convergence in larger EU
In the speech 'Challenges to convergence in the larger EU' given on 9 March, Axel Weber of the Deutsche Bundesbank pointed out that successfully coping with the growing diversity of the EU economy after enlargement requires that monetary, fiscal and…
Richmond Fed's Economic Quarterly, Winter 2005
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Winter 2005. The paper "Inflation and changing expenditure shares" measures the contribution of changing expenditure shares to inflation behavior by constructing alternative…
BoE's Lomax on inflation targeting in practice
In a speech on 'Inflation targeting in practice: Models, forecasts and hunches' given on 12 March, Rachel Lomax of the Bank of England said inflation forecasts are "highly fallible" and the BoE should ignore calls from bodies such as the IMF to produce a…
Bank of England Quarterly Bulletin, Spring 2005
The Bank of England released its Quarterly Bulletin Spring 2005, on 14 March. The Bulletin includes the article "Inside the MPC" in which Richard Lambert explains what life is like as a member of the MPC.
Trichet sees continued relatively moderate growth
European Central Bank president Jean-Claude Trichet told the European Parliament on Monday 14 March that he expects continued moderate eurozone growth this year and next.
Net loss widens for ECB on euro
The European Central Bank published its annual accounts for 2004 on Monday 14 March, saying that its net loss more than tripled last year as the falling dollar lowered the value of the bank's foreign-currency holdings.
Commission says 'not sure' on euro rule reform
The EU's economics and monetary affairs commissioner Joaquin Almunia has said he is "not sure" an agreement can be reached on reforming the rules underpinning the euro- the Stability and Growth Pact.
No sign of Asian central bank dollar shift- Taylor
Concerns that Asian central banks are looking to reduce their dollar-denominated reserves are misplaced, U.S. Treasury Undersecretary for International Affairs John Taylor told Dow Jones in an interview published on Friday 11 March.
Zhou Xiaochuan appointed Chairman of the BIS ACC
The Board of Directors of the Bank for International Settlements announced on Monday 7 March that Zhou Xiaochuan, Governor of The People's Bank of China, will become Chairman of the BIS Asian Consultative Council (ACC).
BIS appoints Gunter Pleines to head Banking Dep't
The Board of Directors of the Bank for International Settlements announced the appointment of Gunter Pleines as Head of its Banking Department on Monday 7 March. His appointment takes effect on 1 April 2005 and is for a five-year term.
Phil Fed's Santomero on post-Greenspan era
In an interview published this week, Anthony Santomero of the Philadelphia Fed told Handelsblatt he does not fear any trouble in the financial markets when Alan Greenspan leaves office at the beginning of 2006. "It is understandable that the markets ask …
China fires PBOC official for gambling
The People's Bank of China has sacked the head of a local branch in northeast China's Jilin province for gambling, China News Service reported, without citing sources.
South Korean finance minister resigns
South Korea's finance minister resigned on Monday 7 March over media allegations about his involvement in lucrative real estate deals.
Rock star Bono could be World Bank president
The latest rumour on the World Bank job has U2 rock star Bono lined up for the role. US Treasury Secretary John Snow described him this week as a kind of "rock star of the development world".
Former central banker named Portugal's fin min
Portugal's Prime Minister-elect Jose Socrates named Luis Campos e Cunha, a former central bank deputy governor to the post of finance minister this week.
Richmond Fed names new Director of Research
John A. Weinberg was named director of research and senior vice president of the Federal Reserve Bank of Richmond on Thursday 10 March.
Fed's Bernanke on the global saving glut
In a speech on 'The global saving glut and the U.S. current account deficit' given on 10 March, Ben Bernanke of the Federal Reserve said a global savings glut has pushed up the U.S. current account gap and pushed down long-term interest rates.
Fed's Greenspan on globalization
In a speech on 'Globalization' given on 10 March, Alan Greenspan of the Federal Reserve said that future budget deficits pose a bigger risk to the economy than record trade imbalances and the country's extremely low savings rate.
ECB's Trichet on European financial integration
In a speech on 'European financial integration: the view of the ECB' given on 10 March, Jean-Claude Trichet of the ECB said the ECB attaches the utmost importance to progress in European financial integration.
NY Fed's Economic Policy Review prize article
The Editorial Board of the New York Fed's Economic Policy Review has announced the first winner of the Frederic S. Mishkin Prize for Outstanding Paper: "Treasury inflation-indexed debt: A review of the U.S. experience," by Brian Sack and Robert Elsasser.
Philippines' Tetangco on the future of the peso
In an interview published this week, Bangko Sentral ng Pilipinas Deputy Governor Amando Tetangco said looking at the fundamentals and technical signs, the peso is poised for further appreciation. Tetangco was recently named as the replacement for…
Zimbabwe's Gono on unorthodox challenges
In an interview published on Thursday March 10, Reserve Bank of Zimbabwe Governor Dr Gideon Gono said the country is going through a turnaround that demands unorthodox ways of dealing with unorthodox challenges. The job is not one of making friends with…
Election to Danmarks Nationalbank's Board
Denmark's Folketinget (Parliament) has elected Mr Svend Erik Hovmand to the Board of Directors of Danmarks Nationalbank until 31 March 2006.