Central Banking
Philadelphia Fed Business Outlook Survey, Jun 2006
According to the firms surveyed for the Philadelphia Fed's June 2006 Business Outlook Survey, activity in the region's manufacturing sector continues to expand.
Draghi on economic developments in Italy
In the speech 'Overview of economic and financial developments in Italy' given on 31 May Mario Draghi of the Bank of Italy said returning to growth is Italy's absolute priority for economic policy today, as was entering the monetary union ten years ago.
Paper on European monetary policy
The paper "Is European monetary policy appropriate for the EMU member countries? A counterfactual analysis" analyses whether interest rate paths in the EMU member countries would have been different if the previous national central banks had not handed…
Bank of Japan Monthly Report, June 2006
The Bank of Japan published the English version of its June 2006 monthly report on Monday 19 June. In the report the BOJ maintained its upbeat assessment of the nation's economy, citing rising production, capital investment and personal spending.
Bank of England Quarterly Bulletin, Summer 2006
The Bank of England published its Quarterly Bulletin for Summer 2006 on Monday 19 June. The latest issue includes the article "Cost-benefit analysis of monetary and financial statistics".
Poll result says Fukui should quit
Nearly half of the respondents to a poll by Kyodo News Service said Bank of Japan governor Toshihiko Fukui should step down from his position, the news agency reported.
Summers against inflation targets
Former US treasury secretary Lawrence Summers said on Friday 16 June that the Federal Reserve should not adopt any explicitly rule-based monetary policy regime.
BOJ's Noda sees turning point for economy
Tadao Noda, the most recent member of the Bank of Japan's policy board, said on Monday 19 June that Japan's economy and monetary policy are at a "turning point."
BOJ urged to strengthen rules
Japanese ruling and opposition lawmakers called on the Bank of Japan on Sunday 18 June to introduce asset disclosure rules following the BOJ chiefs admissions to holding a scandal-tainted investment.
Hoenig says imbalances spell slow-motion crisis
The United States faces a "growth crisis over time" from its large and persistent current account balance, Thomas Hoenig, president of the Kansas City Federal Reserve Bank, said on Friday 16 June.
Interview with SNB's Hildebrand
In an interview with Swissinfo, published on Thursday 15 June, Swiss National Bank governing board member Philipp Hildebrand said the recent interest rate increase is unlikely to be the last.
Comment: A shaky vote of confidence
The Bank of England enjoys solid public backing for its policymaking. This is the main finding of a survey reported in the Bank's latest Quarterly Bulletin. While the Bank will be reassured by this survey finding, more worrying for Threadneedle Street's…
Fed's Kroszner on why yield curves are so flat
In the speech 'Why are yield curves so flat and long rates so low globally?' given on 15 June Randall Kroszner of the Federal Reserve said lower perceived risks of inflation around the world have contributed to lower long-term interest rates.
Fed's Bernanke on energy and the economy
In the speech 'Energy and the economy' given on 15 June Ben Bernanke of the Federal Reserve said a quickening in inflation outside the volatile food and energy areas, and a bit of a run-up in gauges of expected inflation, had caught his eye.
Poole on the role of anecdotal information
In the speech 'The role of anecdotal information in monetary policy' given on 16 June William Poole of the Federal Reserve Bank of St. Louis said US policy makers should use anecdotal information to help assess whether higher energy prices are driving…
IMF Paper: Statistics for a GCC currency union
Looking ahead to the creation of a Gulf Cooperation Council (GCC) Currency Union in 2010, the IMF Working Paper "Principles for development of statistics for a Gulf Cooperation Council currency union" covers some implications for the statistical programs…
Fukui earned 'some million yen' from Murakami fund
Bank of Japan governor Toshihiko Fukui said Friday 16 June that he made millions of yen in profit from his investment in the fund of Yoshiaki Murakami that prompted some calls for his resignation.
Bank of Japan scandal last thing Japan needs
According to this article by Bloomberg, published Friday 16 June, the Bank of Japan risks getting in the way of an economic recovery again, with a political scandal.
Fed's Kroszner says inflation is less comfortable
Federal Reserve governor Randall Kroszner said on Thursday 15 June that broad measures of U.S. inflation are rising to less comfortable levels and the Fed will keep monitoring price pressures.
Reserve Bank of Fiji chooses LogicaCMG system
The Reserve Bank of Fiji (RBF) has contracted with LogicaCMG for the supply and implementation of an interbank real time gross settlement (RTGS) platform.
Juncker issues icy reply to Trichet
Jean-Claude Trichet, the European Central Bank president, has been sharply criticised by Jean-Claude Juncker, Luxembourg's prime minister, in an interview with Financial Times Deutschland, for refusing to discuss strengthening economic co-operation…
EU confirms Slovenia's 2007 euro entry
EU leaders ended their spring summit Friday 16 June by welcoming Slovenia as the 13th member of the euro single currency.
Comment: Eastern European tightrope
Amidst renewed inflation fears in the developed world and the prospects of further interest rate hikes there, a number of central banks in Eastern Europe and the Baltics will be silently grateful for a little bit of latitude. But with question marks…
Czech National Bank - Annual Report 2004
According to the Czech National Bank's Annual Report 2004, the period covered by this Annual Report saw significant changes for the Czech Republic and the Czech National Bank.