Central Banking
BoE's King: From Kirkcaldy to the MPC
In the speech 'Trusting in money: From Kirkcaldy to the MPC' given on 29 October Mervyn King of the Bank of England called for greater stability in UK pensions policy and announced a new £20 banknote will feature the economist Adam Smith.
Interview with Bank of Lebanon's Riad Salame
In an interview published Monday 30 October on the mmorning.com website, Bank of Lebanon governor Riad Salame talks about the challenges he has faced during the 13 years of his mandate.
Central banks facing effects of money glut
According to this article published Monday 30 October by Bloomberg News, central bankers may have new asset bubbles and inflation risks on their hands without further tightening.
UAE considers reserves options
The UAE's central bank might cut its dollar holdings by anything up to 50% and is looking at the yen, euro and sterling as alternatives, the central bank governor said. It was also announced that Bahrain and the UAE would compete to host the GCC central…
Thai central bank intervenes again on baht
Bank of Thailand (BOT) has again intervened in the foreign exchange market to slow the baht's sharp rise against the dollar, the bank's governor Tarisa Watanagase said Monday 30 October.
BoE's King walks into political storm
Mervyn King, the governor of the Bank of England, was at the centre of a political row Monday 30 October after a speech in chancellor Gordon Brown's constituency in which he lauded Scotland's success and prosperity under the Union.
New UK £20 'has raft of anti-fraud measures'
The Bank of England unveiled a new £20 banknote featuring the image of economist Adam Smith on Monday 30 October with a raft of improved anti-counterfeiting measures.
Fed's Stern praises inflation targets
Minneapolis Federal Reserve President Gary Stern on Friday 30 October reiterated his support for the introduction of formal inflation targets by the Fed.
Bank of Portugal - Annual Report 2005
According to the Bank of Portugal's Annual Report 2005, in 2005 developments in the Portuguese economy were marked by subdued growth, employment stagnation and an increase in the unemployment rate.
Sweden's Ingves on monetary policy
In the speech 'Introduction on monetary policy' given on 26 October Stefan Ingves of the Sveriges Riksbank said little by little economic activity in Sweden will enter a calmer phase.
Sveriges Riksbank Inflation Report, No. 3 2006
Sweden's central bank, the Sveriges Riksbank, published its Third Inflation Report for 2006 on 26 October. According to the report, over the coming years, UND1X inflation is expected to continue to rise as a result of increasing costs as economic…
Chicago Fed National Activity Index, September 06
The Chicago Fed National Activity Index for September 2006, published 25 October, was -0.51 in September, down from -0.06 in August. Three of the four broad categories of indicators in the index made negative contributions.
Gonzalez-Paramo on Europe's monetary union
In the speech 'Europe's monetary union in practice' given on 27 October Jose Manuel Gonzalez-Paramo of the ECB said monetary policy cannot offset short-term changes in inflation from shocks to the economy such as changes in oil prices.
ECB's Stark concerned over govts' fiscal targets
European Central Bank board member Juergen Stark said in a speech on Thursday 26 October that the ECB is worried that some eurozone countries will miss their fiscal targets this year.
Greenspan notes increasing role of the euro
Former Federal Reserve chairman Alan Greenspan said in a speech on Thursday 26 October that both private investors and central banks were moving away from the U.S. dollar in favour of the euro.
Brazil's COPOM committee says inflation 'benign'
Brazil's central bank said in minutes from its last COPOM meeting released Thursday 26 October that inflation remains under control, paving the way for more interest rate reductions.
Nigeria's Soludo 'pressured' on foreign reserves
The governor of the Central Bank of Nigeria, Prof. Charles Soludo, has said he is under pressure from politicians to use the central bank's foreign reserves.
NBP candidate favours privatisation
In an interview for Forbes, candidate for the presidency of the National Bank of Poland (NBP) Urszula Grzelonska discussed a number of issues crucial to the Polish economy.
Czechs drop plan to adopt euro in 2010
The Czech government has dropped plans to adopt the euro in 2010, noting an outlook for widening budget deficits and rising inflation.
Plundering China's reserves
According to this article published Friday 27 October by The Wall Street Journal, with China's foreign-exchange reserves now close to the trillion dollar mark, calls to spend the money are coming fast and furious.
ECB's Bini Smaghi on monetary tightening
In the speech 'Three questions on monetary tightening' given on 26 October Lorenzo Bini Smaghi of the ECB said central banks face a difficult task in deciding when to stop tightening monetary policy.
Trichet on the ECB's Annual Report 2005
In a presentation of the ECB's Annual Report 2005 to the European Parliament on 26 October Jean-Claude Trichet of the ECB said reiterated that further tightening of ECB monetary policy will be warranted if the eurozone recovery continues in line with its…
ECB report on EU banking structures
The European Central Bank (ECB) published its annual report on EU banking structures on Thursday 26 October. The report, which has been published each year since 2002, reviews the main structural developments in the EU banking sector in 2005 and until…
ECB report on supervisory structures
The European Central Bank's "Recent developments in supervisory structures in EU and acceding countries" report finds that at EU level, the period 2003-06 was characterised by an intensified effort to strengthen cooperation among supervisory authorities.