Central Banks

Trichet on euro statistics & their use at the ECB

In a speech on 'Euro area statistics and their use for ECB policy-making' given on 23 April, Jean-Claude Trichet of the ECB said the ECB attaches great importance to timely and reliable euro area statistics as a basis for policy-making. Statistics are…

Canada's Dodge on financial services research

In a speech on 'Research in Financial Services and Public Policy-Filling the Gaps' given on 22 April, David Dodge of the Bank of Canada said Canada's economic health depends on a strong financial services sector. There are many research topics that are…

China must be careful over forex rate- Premier Wen

China must be careful before changing its fixed exchange rate because any rash change could mean trouble for the economy and that of the rest of the world, Premier Wen Jiabao said in an interview on Wednesday 28 April.

Japan lifts growth forecast

The Bank of Japan said on Wednesday 28 April that it expects the country's economy to expand at an even greater rate than it forecast six months ago, but repeated that mild deflation will continue in the current fiscal year.

Cleveland Fed's Pianalto on monetary policy

In a speech on 'A perspective on monetary policy' given on 22 April, Sandra Pianalto of the Federal Reserve Bank of Cleveland said central banks can be more effective when they act as systematically and transparently as they can. Systematic and…

Canada's Dodge on growth policies in the Americas

In a speech on 'Economic and Financial Policies for Growth in the Americas: A Canadian Perspective' given on 19 April, David Dodge of the Bank of Canada said more open trade, appropriate structural policies, and sound macroeconomic policies all have an…

US unveils $50 note with enhanced security

US government officials from the Department of the Treasury, the Federal Reserve and the United States Secret Service, on Monday 26 April unveiled the new $50 note design with enhanced security features, and subtle background colours of blue and red, and…

Trichet testimony: ECB prepared for enlargement

In testimony before the European Parliament on the presentation of the ECB's Annual Report 2003 given on 27 April, Jean-Claude Trichet of the ECB said the ECB and the ESCB are well prepared both for EU enlargement itself and for the challenges that the…

Deficits remain obstacle for new EU members

The greatest hurdle preventing the EU accession countries from joining the euro quickly is the state of their public finances, European Central Bank executive board member Tommaso Padoa-Schioppa said in a newspaper interview.

Preparing for cross-border bank failures

Increasingly, small countries will not supervise their systemically importantbanks. They will still have to pick up the pieces in a crisis though. ProfessorDavid Mayes, special adviser to the Bank of Finland, examines how they canrespond.

Fed's Bies on the economic outlook

In a speech on 'The Economic Outlook and Financial Health of Bank Customers' given on 22 April, Susan Bies of the Federal Reserve said recent indicators suggest that the pace of economic activity remains solid, while inflationary pressures continue to be…

Trichet on European Priorities: an ECB perspective

In a speech on 'European Priorities: an ECB perspective' given on 23 April, Jean-Claude Trichet of the ECB said that the ECB, its Governing Council, and the full body of the Eurosystem are doing all what they can for Europe to cope with its present…

ECB rates not an obstacle: Stark

The current level of interest rates in the 12-country eurozone is no obstacle to economic growth in the single currency region, the Bundesbank's interim president Juergen Stark said in newspaper interviews on Monday 26 April.

Welteke to face probe this week

Former Bundesbank President Ernst Welteke is to be interrogated on Wednesday 28 April by prosecutors in the so-called "Adlon" affair, in which the central bank chief is accused of illegally accepting gifts, the mass-circulation daily Bild reported on…

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