Economics
Fed's Poole sees stagflation possibility
If inflation expectations are rising, a slowing economy may not reduce inflation pressures, said St. Louis Federal Reserve President William Poole, quoted in the Wall Street Journal online edition.
Greenspan sees little impact on growth from oil
Former Federal Reserve Chairman Alan Greenspan told the Senate Foreign Relations Committee in Washington that higher oil prices have had "little consequence" for a "more flexible" U.S. economy and probably haven't caused "serious erosion" worldwide.
Fed's Hoenig says too soon to be behind curve
Kansas president Thomas Hoenig said on Tuesday 6 June that monetary policy acts with a lag and, as a result, it was premature to say the U.S. central bank was "behind the curve" in raising interest rates.
National Bank of Austria - Annual Report 2005
According to the National Bank of Austria's Annual Report 2005, Austria's real GDP grew by 1.9% in 2005, mainly fuelled by strengthened exports and the dynamic development of the industrial sector.
BIS's Knight on long-term interest rates
In the speech 'Why have long-term interest rates been so low? Is the global interest rate cycle beginning to turn?' given on 12 May Malcolm Knight of the BIS discusses the surprising decline in real long-term interest rates that has taken place in…
Interview with BOJ's financial markets head
In an interview with Reuters published on Monday 5 June, Hiroshi Nakaso, director-general of the Bank of Japan's financial markets department said the BOJ is not targeting a particular level of reserves as it draws down excess liquidity from the banking…
BOJ's Muto says no set timetable on rate rise
Bank of Japan deputy governor Toshiro Muto said on Monday 5 June the central bank has no timetable for raising interest rates.
Trichet warns on 'excessive dynamism' in prices
European Central Bank President Jean-Claude Trichet said on Monday 5 June it was important to take into consideration "excessive dynamism" in asset prices because of the potential inflationary effects.
Comment: In defence of inflation targeting
Writing in the Financial Times this week, Wolfgang Munchau suggests that the "end of inflation targeting is in sight". Munchau points to the shortcomings of the Swedish inflation targeting regime, and draws universal lessons from it. A number of…
St Louis Fed's Central Banker, Summer 2006
The St. Louis Fed has published the Summer 2006 edition of its Central Banker magazine. In the article "Our strategic direction: The big picture" First Vice President Dave Sapenaro shares where the Bank is headed.
Chicago Fed's Moskow on the US economic outlook
In the speech 'US economic outlook and the role of inflation inertia' given on 2 June Michael Moskow of the Federal Reserve Bank of Chicago said US inflation will likely stay contained but is at the top end of the price-stability zone and interest-rate…
Buba's Remsperger on global imbalances
In the speech 'Global imbalances and policy implications' given on 9 May Hermann Remsperger of the Deutsche Bundesbank said the build-up of currency reserves in some Asian countries has now lost momentum.
PBOC: China must broaden investment channels
China should consider broadening its investment channels and introduce more investment products to absorb rising liquidity in the banking sector, central bank governor Zhou Xiaochuan said in a Securities Times report.
Hosokawa says imbalances unlikely as G8 topic
Japan's top financial bureaucrat said Monday 5 June that the issue of global economic imbalances is unlikely to be a major discussion topic during the meeting of G8 finance ministers Friday and Saturday.
IMF says Persian Gulf should consider peg
Persian Gulf countries preparing to establish a single currency should consider pegging to the euro as well as the dollar, according to the International Monetary Fund.
IMF approves Lipsky as first deputy MD
The International Monetary Fund's board on Thursday 1 June approved John Lipsky as IMF first deputy managing director, the second-highest position at the Fund.
BoJ's Muto to visit Washington June 4-8 for IMC
Toshiro Muto, deputy governor of the Bank of Japan, will visit Washington D.C. to attend the International Monetary Conference, the central bank said Friday 2 June.
Central Bank of Iceland, Financial Stability 2006
According to the Central Bank of Iceland's Financial Stability report 2006, the overall findings of the previous report are unchanged, but more challenging waters clearly lie ahead.
Comment: Surprises as ECB reshuffles
The ECB last week surprised analysts by naming ex-Bundesbank official, Jurgen Stark, as head of its economics division. As expected, the central bank has split the management roles for the important divisions of economics and research, both previously…
Interview with Otmar Issing
In an interview published Thursday 1 June, outgoing ECB chief economist Otmar Issing said his parting message to his ECB colleagues was to get to grips with inflation.
Burhan Goklemez named dep gov in Turkey
Turkey named central bank insider Burhan Goklemez as a deputy governor of the bank on Wednesday 31 May.
Central bankers to hold panel meeting
Top central bankers from Europe, Japan and the United States will participate in a panel meeting in Washington on Monday 5 June.
ECB plans meetings in Dublin, Vienna in 2007
The European Central Bank said on Friday 2 June that it will hold meetings of its governing council in Dublin and Vienna next year.
Nickell: 'Are Europeans lazy? Or Americans crazy'
In the speech 'Are Europeans lazy? Or Americans crazy?' given on 27 May Stephen Nickell of the Bank of England said there is no clear explanation as to why people in France and Germany work less than those in Britain, the United States or in Scandinavian…