Central Banks
Canada's Dodge on adjusting to change
In the speech 'Adjusting to change' given on 15 June, David Dodge of the Bank of Canada said nations are being affected by the same powerful forces - growing competition from emerging-market economies, such as China and India, and large and growing…
Federal Reserve Board - Beige Book, June 2005
The Federal Reserve published its June 2005 Beige Book survey on 15 June. According to the report business activity continued to expand from mid-April through May, and overall price pressures were moderate.
Fed's Poole on the term structure of interest rate
In the speech 'Understanding the term structure of interest rates' given on 14 June, William Poole of the Federal Reserve Bank of St. Louis said long-term interest rates have stayed steady in the face of rising short-term rates because the economy, and…
Richmond's Lacker on retail financial innovation
In the speech 'Retail financial innovation' given on 14 June, Jeffrey Lacker of the Federal Reserve Bank of Richmond said calls for tighter rules on consumer lending are an inevitable companion to the dramatic rise in the availability of credit but must…
ECB's Papademos says structural reforms needed
European Central Bank vice-president Lucas Papademos said in a speech on Thursday differences in euro zone countries' growth rates result from structural factors and will have to be tackled by economic reforms in slow-growing countries.
Snow calls for Europe economic reforms
US Treasury Secretary John Snow urged Europeans on Thursday 16 June to better integrate their financial markets as a way to stimulate growth.
Korea postpones currency swap decision
The Bank of Korea (BOK) postponed a decision Wednesday 15 June on a proposal to lend some of its foreign exchange reserves to domestic banks through currency swaps, the central bank said.
'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.