News
Fukui says stronger yen may hold back recovery
Bank of Japan governor Toshihiko Fukui warned that the yen's recent surge against the dollar could hold back the nation's economic recovery.
IMF's Rato sees risks to market solutions
International Monetary Fund chief Rodrigo de Rato said in an interview released Thursday that a reliance on market forces alone to resolve global economic imbalances could prove dangerous and expensive.
CBC to leave currency to market forces
Taiwan's central bank is to leave the local currency to market forces while it closely monitors forex dealings for abnormal expectations about the currency's prospects, the Commercial Times reported, citing George Chou, director general of the forex…
Minutes of the FOMC meeting 21 September
Minutes from the Federal Reserve's 21 September FOMC meeting released on 12 November revealed that the policy-setting panel spent part of the meeting discussing the implications of the United States' massive trade gap.
Toronto delegation visits European Central Bank
A delegation comprised of Deputy Mayor Joe Pantalone and Toronto business people visited the European Central Bank (ECB) on Wednesday 17 November.
Hungarian PM calls for central bank rate cut
Hungarian Prime Minister Ferenc Gyurcsany was quoted as saying on Thursday 18 November that he wanted the Hungarian central bank to cut interest rates to help the wider economy.
NBU expected to introduce inflation targeting 2006
The National Bank of Ukraine is expecting to introduce inflation targeting in 2006, according to NBU Acting Governor Arseniy Yatseniuk, speaking to journalists.
Euro and oil pose risk to outlook says Hurley
"The balance of risks to growth are now clearly to the downside," said Hurley, 59, in an interview in Dublin. "We're disappointed that growth, particularly in the euro area, is not as strong as we would have wished. "Sudden movements" in exchange rates …
Fed's Gramlich urges cuts to US deficits
Federal Reserve Governor Edward Gramlich said in a speech the U.S. twin deficits should be cut soon because fiscal remedies will become tougher when the retirement of the baby boom generation strains public finances.
RBNZ warns financial stability stakes higher
Reserve Bank of New Zealand Deputy Governor Adrian Orr warned in a speech in Napier to the New Zealand Society of Actuaries entitled "A prosperous but vulnerable nation" that the rise in New Zealand's external debt in recent years stresses the need for…
Papers from the RBA's 2004 Conference
The Reserve Bank of Australia published papers from its 2004 Conference "The future of inflation targeting" on 15 November. The papers include "Can central bank transparency go too far?", "Inflation measurement for central bankers" and "Inflation…
Bank of England MPC Minutes, 3&4 November
The minutes from the 3 and 4 November meeting of the Monetary Policy Committee of the Bank of England were released on 17 November. The minutes showed that policymakers preparing their quarterly forecasts saw growth near trend and inflation on course to…
Bank of Canada issues new $50 banknote
The Bank of Canada put into circulation Canada's new $50 banknote on Wednesday 17 November. The new note will be distributed and become available across the country over the next few weeks.
Pianalto: Fed will monitor oil, act appropriately
The US Federal Reserve will take the steps needed to prevent a spike in energy prices from becoming entrenched in inflation, Cleveland Fed president Sandra Pianalto said on Wednesday 17 November.
PBoC's Zhou says policy to favour stability in 05
China's monetary policy will lean towards stability next year, Zhou Xiaochuan, governor of the People's Bank of China, was quoted as saying in the China Securities Journal.
Fukui confident on China slowdown
Toshihiko Fukui, Governor of Bank of Japan expressed confidence about the prospects of both a soft landing of China's economy and the fast growth of the US economy.
South Korea's reserves hit new high
South Korea's foreign reserves rose to a new high in mid-November, helped by an increase in the dollar-conversion value of non-dollar assets, the Bank of Korea said Wednesday.
Greek deficits were under-reported
An investigation by Eurostat concluded on Monday 15 November that Greece had broken the three per cent of GDP deficit ceiling for membership of the Euro every year since 1997.
France's Noyer sees oil prices as main threat
The Governor of the Banque de France, Christian Noyer, identified high oil prices as the most significant threat to French growth, in an interview with French newspaper Les Echos.
IMF's Rato on Russian inflation threat
IMF Managing Director Rodrigo Rato warned Russian policymakers to focus on controlling inflation rather than stimulating growth, when he arrived on a visit to Moscow on Tuesday 16 November.
EU finance ministers voice concerns
Eurozone finance ministers, meeting in Brussels on Monday night, 16 November, avoided pressuring the ECB over interest rates or intervention to stabilize the euro, but did voice their concerns over the euro's strength against the dollar
CDO rating methodology
New research paper from the Bank for International Settlements examines different methods of rating collateralised debt obligations (CDOs).
Brazil's central bank takes over Banco Santos
Brazil's central bank took over operations of Banco Santos on Friday evening, in response to the bank's weak financial situation and its failure to meet deposit requirements.
China's Zhou on prospects for a soft landing
The governor of the People's Bank of China claims that China's economy is on course to avoid a hard landing, and that measures taken by the central bank to cool the economy are working.