Central Banks
Nigeria plans payment system reforms
The Central Bank of Nigeria (CBN) has said its major priority following the consolidation of the banking industry is to reform the payments system which currently remains largely cash-based.
RBA paper warns on inflation targets
A research paper published by the Reserve Bank of Australia on Thursday 2 June has warned that central banks should not set their inflation targets too low.
Chicago Fed's Moskow on job losses
In the speech 'Job loss: Causes, consequences, and policy responses' given on 26 May Michael Moskow of the Federal Reserve Bank of Chicago said U.S. monetary policy remains accommodative and, with the economy on a solid growth path, interest rates can…
Trichet on financial markets integration in Europe
In the speech 'Financial markets integration in Europe: the ECB's view' given on 26 May, Jean-Claude Trichet of the ECB said we are at a particularly crucial stage in terms of the regulation of EU securities markets and more in general financial…
Sweden's Srejber on inflation targeting
Sveriges Riksbank First Deputy Governor Eva Srejber gave a speech on Tuesday 24 May at hman Fondkommission in Stockholm on the subject of inflation targeting and asset prices.
Norway's Bergo on economic outlook
In the speech 'The economic outlook and household debt' given on 27 May Jarle Bergo of Norges Bank said the short-term outlook for financial stability appears to be favourable.
Issing on the euro & financial market integration
In the speech 'The euro and European financial market integration' given on 31 May, Otmar Issing of the ECB said euro zone commercial banks adjust their borrowing and lending rates more quickly in response to central bank interest rate changes than they…
SARB has no reserve target - Plenderleith
The South African Reserve Bank plans to keep gradually building its foreign exchange reserves, Deputy Governor Ian Plenderleith said in an interview.
Move to convertible yuan 'gradually, prudently'
China will gradually and prudently move to make its currency, the yuan, convertible, PBOC governor Zhou Xiaochuan said.
Monetary union not under threat - Eichel
German Finance Minister Hans Eichel does not believe the EU monetary union will collapse and is not interfering in the monetary policies of the European Central Bank, a spokesman for Eichel was quoted as saying.
Riksbank's Heikensten says growth weaker
Sweden's Riksbank governor Lars Heikensten said recent indicators suggest economic activity is slightly weaker than forecast in the central bank's last inflation report in March, so it is important "that all doors are kept open" regarding monetary policy.
Trichet says ECB to discuss French no vote
European Central Bank president Jean-Claude Trichet has said the bank's governing council will discuss the implications of France's rejection of the EU constitution at its meeting on Thursday 2 June.
Sveriges Riksbank, Financial Stability Report 1:05
Sweden's central bank, the Sveriges Riksbank, has published its first Financial Stability Report for 2005. The risks of disruptions in the Swedish financial system appear to be limited at present, the report says.
Deutsche Bundesbank Monthly Report, April 2005
The Deutsche Bundesbank has published the English version of its April 2005 Monthly Report. Germany's economy returned to growth in the first quarter of this year with exports continuing to underpin expansion as domestic demand remained weak.
BoJ's Fukui on incentives for policymakers
In a speech given at the 12th International Conference given on 30 May, Toshihiko Fukui of the Bank of Japan said incentives matter to central banks, not only at the level of macroeconomic targets, but also at the micro-level of day-to-day decision…
Dodge on 70 years of central banking in Canada
In the speech '70 years of central banking in Canada' given on 27 May, David Dodge of the Bank of Canada said the Bank of Canada is considering refining its current inflation-targeting framework when the process comes up for renewal next year.
BoE's Nickell says spare capacity in UK lower
Bank of England Monetary Policy Committee member Stephen Nickell said on Tuesday 31 May that the UK Treasury is probably overestimating the amount of spare capacity in the economy.
Fed's Ferguson says US house prices to slow
House prices seem high in much of the United States and price growth is likely to slow, Federal Reserve Vice-Chairman Roger Ferguson said on Friday 27 May in a speech at the seventh Deutsche Bundesbank spring conference.
Trichet says Europe facing 'difficult moment'
The President of the European Central Bank, Jean-Claude Trichet, spoke on Monday night after France's rejection of the EU constitution, saying Europe faced "a difficult moment".
China minister sees stable yuan
China's Commerce Minister Bo Xilai said on Monday 30 May that the country would consider the needs of its domestic economy ahead of anything else before it considers appreciating its currency.
Official says Asia should have greater IMF role
Asian nations should and will have a greater voice and representation in global institutions including the International Monetary Fund, a senior IMF official told Reuters.
ECB weighs reshaping exec board, Trichet role
A major shake-up of jobs on the European Central Bank's Executive Board is under discussion and could lead to president Jean-Claude Trichet and his deputy taking a more prominent role in shaping monetary policy, this article says.
Zhou Xiaochuan joins the Group of Thirty
Following the Spring meeting of the Group of Thirty in Warsaw, Poland, the Group announced on Tuesday 24 May the addition of Zhou Xiaochuan, Governor of the People's Bank of China, to the membership of the Group.