Central Banks
Has Greenspan changed views on bubble management?
This article asks whether Fed chief Alan Greenspan has changed his view that bubble management is strictly an ex-post job for a central banker? With cumulating signs of a bubble in the housing market, the Fed is dipping into its tool chest for some moral…
Issing on the Lisbon process - a view from the ECB
In the speech 'The Lisbon process - a view from the ECB' given on 9 June Otmar Issing of the ECB said concerns that ECB monetary policy may not be suitable for all euro zone countries are misplaced.
Chicago Fed's Moskow on promoting economic growth
In a speech given on 9 June Michael Moskow of the Federal Reserve Bank of Chicago said the United States can encourage economic growth by ensuring fair access to credit for small businesses owned by women and minorities.
Sweden's Heikensten on the IMF
In the speech 'The IMF - Mandate, means and governance in a changing world' given on 8 June Lars Heikensten of the Sveriges Riksbank said the IMF's overall objective is still valid and its instruments for reaching this objective - surveillance, lending…
Former Buba president takes job at Russian bank
The former head of Germany's Bundesbank, Ernst Welteke, who resigned in April last year after criticism for accepting a free hotel stay from a commercial bank, has been appointed independent board member at a bank in southern Russia, Russian media…
Top China economist calls for move on yuan
A top Chinese economist has said the country should make a modest revaluation of the yuan in an attempt to reduce some of the speculation over Beijing's intentions on the currency.
Russia to prevent sharp ruble growth this year
Russia's central bank head Sergei Ignatyev has said the bank will try to prevent sharp ruble growth this year.
Snow urges China move to flexible yuan
US Treasury Secretary John Snow said in an interview on Thursday 9 June that he is urging China to move to a more flexible yuan and would like to see more flexible exchange rates across Asia.
Tanigaki says China to benefit from currency move
Japanese Finance Minister Sadakazu Tanigaki told reporters on Friday 10 June that his recommendation was that the Chinese government scrap the yuan's dollar peg system.
Kenneth Rogoff appointed new adviser to Riksbank
Sweden's Riksbank appointed Professor Kenneth Rogoff of Harvard University as adviser to the Riksbank's Executive Board on Thursday 9 June.
Senate panel clears Bernanke's nomination
The US Senate Banking Committee on Thursday 9 June approved the nomination of Federal Reserve Governor Ben Bernanke to head the White House Council of Economic Advisers, sending it to the full Senate for a final vote.
ECB signs new premises contract
Lucas Papademos, Vice-President of the European Central Bank (ECB) signed the architectural contract for the optimisation phase of the new ECB premises in Frankfurt am Main on Thursday 9 June.
ECB Monthly Bulletin, June 2005
The European Central Bank published its June 2005 Monthly Bulletin on Thursday 9 June. The report says economic growth in the Eurozone will remain 'relatively subdued' in the second quarter of the year, but will pick up later.
RBNZ Monetary Policy Statement, June 2005
The Reserve Bank of New Zealand published its June 2005 Monetary Policy Statement on 9 June. RBNZ Governor Alan Bollard said the current review confirms what we said in the March Statement and again at the April OCR review.
EU's referendum failure leaves ECB as scapegoat
EU politicians in need of a scapegoat after the rejection of the proposed constitution may be tempted to cast the European Central Bank in that role, says this article. And recent comments from ECB policymakers suggest its defences may be about to crack,…
Greenspan says US economy on fairly firm ground
Federal Reserve Chairman Alan Greenspan told the US Congress on Thursday 9 May that the US economy seems to be on a "reasonably firm footing," with inflation under control.
Duisenberg rallies to defence of euro
Wim Duisenberg, the former president of the European Central Bank, on Thursday 9 June rejected a call from an Italian minister for the reintroduction of its own currency, saying in an interview that the country had had a big boost from the adoption of…
Canada's Dodge urges fast yuan float
Bank of Canada Governor David Dodge on Thursday 9 June urged China to move to a floating exchange rate system as soon as possible.
RBI to introduce cheque truncation system
The Reserve Bank of India (RBI) is in the process of introducing a national cheque truncation system (NCTS) under a new entity to speed up the retail payment system in the banking sector.
Bundesbank's Weber: Let us face up to the risks!
In the speech 'Let us face up to the risks!' given on 28 May, Axel Weber of the Deutsche Bundesbank said there is no contradiction between the reasonable performance of central banks in recent decades and the impression that they face formidable risks…
BIS on Globalisation and mon. policy independence
The BIS Paper "Has globalisation reduced monetary policy independence?" published 6 June says growing global financial integration has influenced monetary policy in important ways. Recent developments have shown, however, that, while many countries have…