Central Banks
Sweden's Heikensten on economic activity
Riksbank Governor Lars Heikensten spoke about economic developments on Monday 17 May at a seminar in Tanum. He said recent developments in economic activity and price pressures have been considerably less dramatic than what the situation in the financial…
Bies on corporate governance and community banks
In a speech on 'Corporate governance and community banks' given on 17 May, Susan Schmidt Bies of the Fed said a Federal Reserve review of corporate governance practices at smaller banks found most of them in good shape.
IMF's Krueger says oil price not in 'danger area'
The International Monetary Fund (IMF) sees no immediate threat to the global economy from either the recent oil price surge or insecurity in Iraq, its acting Managing Director said on Tuesday 18 May.
Vice president attacks central bank of Peru
Peruvian Vice President David Waisman criticized a central bank decision to allow pension funds to invest more abroad, saying it hurts the country's economy, Gestion newspaper reported.
UK, France and Germany to co-ordinate econ policy
In an interview with French daily Le Figaro, French finance minister Nicolas Sarkozy has said that France, Germany and the UK are ready to include common measures in their national budgets to become more co-ordinated economically.
Inflation still low, no rate hike needed - PBoC
China's current level of inflation does not yet warrant an interest rate hike, a member of the monetary policy committee of People's Bank of China (PBoC) was quoted in the official Shanghai Securities News as saying.
Euro area inflation rises above target
The euro zone's annual inflation rate rose to 2 percent in April, edging above the European Central Bank's target for the first time this year, the European Union said on Tuesday 18 May.
Basel II rules 'take account of small businesses'
European Central Bank governing council member Guy Quaden on Monday 17 May played down fears that small and medium-sized firms would suffer from the new rules on bank capital known as Basel II.
The central bank's "no" to Annan
Robert Pringle reports on why the Central Bank of Cyprus came out against the UN plan for monetary union in Cyprus.
Interview with Leszek Balcerowicz
In extracts from an interview published in the latest edition of Central Banking journal the president of the National Bank of Poland, Leszek Balcerowicz, explains why he believes in taking the shortest route possible to the euro.
Padoa-Schioppa on European financial integration
In the panel session "Drivers of European Financial Integration - Markets or Policy?" at the ECB-CFS research network on 11 May Tommaso Padoa-Schioppa said the central bank of the euro has provided a fundamental contribution to the integration of…
ECB's Tumpel-Gugerell on five years of the euro
In a speech on 'Five Years of the Euro: Successes and New Challenges' given on 14 May, Gertrude Tumpel-Gugerell of the ECB said sharp swings in the foreign exchange value of the euro are having an impact on the eurozone economy.
Fed's Ferguson on the role of central banks
In a speech on 'The Role of Central Banks in Fostering Efficiency and Stability in the Global Financial System' given on 17 May, Roger Ferguson of the Federal Reserve said the Federal Reserve's dual responsibilities for ensuring economic stability and…
Fed Reserve Bank of Dallas - Annual Report 2003
The Federal Reserve Bank of Dallas has published its Annual Report for the year ended 2003. In the report Bob McTeer said the Dallas Fed had a good year in 2003 despite the challenges brought on by a declining volume of paper checks. Like other…
Bank of Canada Review, Spring 2004
The Bank of Canada has published its Review for Spring 2004. In its business outlook survey, the bank said that Canadian companies remained positive about the outlook for the next year, but a bit less so than they had three months earlier.
Bundesbank sees increased risk of pact breach
The risk that Germany will breach the EU's strict budget rules for the fourth year in a row next year is increasing, the Bundesbank's chief economist Hermann Remsperger said.
Russian central bank signs cooperation agreement
The Central Bank of Russia and the Federal Financial Monitoring Service signed an agreement "On Informational Cooperation".
Government and BOJ to co-op on deflation
The Japanese Government and central bank will work together to end deflation and support a recovery in the world's second-largest economy, Finance Minister Sadakazu Tanigaki told Asian counterparts in South Korea.
BOK chief concerned over oil prices
Bank of Korea Governor Park Seung said on Saturday 15 May that high oil prices were the main source of economic concern for Korea at the moment.
Saudi Arabia scraps euro foreign reserves policy
Saudi Arabia has abandoned its policy of diversifying foreign reserves into euros, deeming the eurozone unfit to manage a major world reserve currency.
Bank of Japan names new executive director
Nobuo Inaba, director-general of the Bank of Japan's Bank Examination and Surveillance Department, will be promoted to executive director, replacing outgoing Takahiro Mitani, bank officials said on Saturday 8 May.
Bush taking time to renominate Greenspan
Alan Greenspan has fewer than six weeks of his term left as Chairman of the Federal Reserve, and some analysts are wondering why George W is yet to renominate the 78-year old Maestro.