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Central Banking

ECB's Gonzalez-Paramo on statistics

In the speech 'Statistics for the international financial system' given on 18 September Jose Manuel Gonzalez-Paramo of the ECB said in today's global economy, timely and reliable official statistics play a key role in policy-making as well as in…

ECB's Tumpel-Gugerell on the economic outlook

In the speech 'Economic outlook and policy challenges for the euro area' given on 18 September Gertrude Tumpel-Gugerell of the ECB said the ECB expects a 'normalisation' of eurozone growth in the third quarter after the strong performance of the first…

The hunt for Balcerowicz

According to this article published by the Warsaw Business Journal on Monday 18 September, any notion of central bank independence in Poland will soon be banished.

China making progress on FX reforms says Zhou

China's foreign exchange reforms have made "significant progress," though the impact will be seen over time, People's Bank of China governor Zhou Xiaochuan told fellow financial leaders on Tuesday 19 September.

Oman begins automated clearing

Oman's central bank has started its automated clearing house system for handling bulk electronic credit and debit transfers, according to the Oman Daily Observer.

Trustees for emerging markets holds first meeting

Members of the Group of Trustees of the Principles for Stable Capital Flows and Fair Debt Restructuring in Emerging Markets held their inaugural meeting on Monday 18 September in Singapore. The discussions focused on a review of the Principles and their…

Deutsche Bundesbank Monthly Report, August 2006

The Deutsche Bundesbank published the English version of its August 2006 Monthly Report on 14 September. The report said the German economy is likely to improve further this year after strengthening significantly since January, while it warned that…

SARB's Mboweni on the South African economy

In the speech 'An overview of the South African economy' given on 14 September Tito Mboweni of the South African Reserve Bank said South Africa's large deficit on the current account may stem partly from an exchange rate which was out of balance, but the…

ECB's Stark on the European economy

In the speech 'Key issues facing the global economy outlook for the European economy: regaining prominence in the global economy?' given on 17 September Jurgen Stark of the ECB said inflation risks in the 12-member euro zone are clearly on the upside.

ECB's Gonzalez-Paramo on financial markets in EMU

In the speech 'Fiscal policies and financial markets in EMU' given on 15 September Jose Manuel Gonzalez-Paramo of the ECB said in principle, market forces can play a useful role in encouraging euro area governments to act in line with fiscal…

IMF members approve voting reform plan

The 184-nation International Monetary Fund on Monday 18 September approved reforms to increase the voting shares of emerging economies, the German finance minister was quoted by Associated Press as saying.

Murdered Russian banker may have had phone tapped

The BBC Monitoring Service on Saturday 16 September reported a translation of a story on Russian NTV which said murdered Russian central banker Andrey Kozlov may have had his phone tapped and that up to tem people could have been involved in the killing.

Govt and RBA reaffirm policy

Treasurer Peter Costello and Reserve Bank of Australia governor Glenn Stevens, who began his term on Monday 18 September, have reaffirmed the government's agreement with the RBA on monetary policy.

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