Central Banking
Bush has 'total confidence' in Bernanke
President George W. Bush has "total confidence" in Federal Reserve chief Ben Bernanke, a top White House adviser said in an interview on Thursday 25 May.
Central Bank of Aruba - Annual Report 2004
According to the Central Bank of Aruba's Annual Report 2004, the recovery of the world economy had a positive influence on the Aruban economic performance.
Chicago's Moskow on bank structure and competition
In welcoming remarks for the 42nd annual conference on bank structure and competition given on 18 May Michael Moskow of the Federal Reserve Bank of Chicago said products such as adjustable rate and no-money-down mortgages have helped boost U.S…
Philadelphia Fed Business Outlook Survey, May 2006
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, May 2006, business activity increased slightly. However, indicators for new orders, shipments, and employment were down from their readings in April.
Ingves on the Riksbank and monetary policy
In the speech 'The Riksbank and monetary policy' given on 23 May Stefan Ingves of the Sveriges Riksbank reiterated that monetary policy will need to be less expansionary in future so that inflation does not exceed the 2% target.
Central Bank of Sri Lanka - Annual Report 2005
According to the Central Bank of Sri Lanka's Annual Report 2005, Sri Lanka's economy demonstrated its resilience once again in 2005 by growing at a rate of 6 per cent, exceeding expectations in the immediate aftermath of the tsunami disaster of 2004.
Fisher on the Trustees of America's potential
In a speech 'To the Trustees of America's economic potential' given on 20 May Richard Fisher of the Federal Reserve Bank of Dallas told students that they are living "in a world undergoing dramatic change."
Blanchflower is 'no shrinking violet'
The Bank of England Monetary Policy Committee's latest member, David Blanchflower, told the Treasury Select Committee on Wednesday 24 May that his commitment to the rate setting MPC will form his "primary responsibility."
Stark appointed to ECB, Zeitler joins Buba
Jurgen Stark, vice-president of the Bundesbank, has been formally appointed to the European Central Bank's executive board, European Union officials announced Tuesday 23 May, according to the FT.
Bank of Canada raises rates
The Bank of Canada announced Wednesday 24 May that it is raising its target for the overnight rate by one-quarter of one percentage point to 4 1/4 per cent. The move had been widely expected.
Comment: The BoE's 'brain on the plane'
David Blanchflower came out fighting Wednesday 24 May in an assured performance before the Treasury Select Committee. The appointment of the US-based academic to the Bank of England's Monetary Policy Committee has been controversial, but he maintains…
IMF's Rato says global rate rises healthy
Increases in global interest rates are healthy and policy makers and central banks need to keep a watchful eye on inflation, the head of the International Monetary Fund said in an interview with Reuters on Wednesday 24 May.
BOJ member sees reserve cut problem
According to minutes of the Bank of Japan's April 10-11 board meeting, published Wednesday 24 May, a policy maker said a rapid reduction in reserves by the central bank may spur speculation of an interest-rate increase from near zero.
Reuters signs Philippines to Kondor risk software
The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), has contracted with Reuters for the supply and implementation of the vendor's Kondor risk management technology.
Deutsche Bundesbank Monthly Report, April 2006
The Deutsche Bundesbank published the English version of its April 2006 Monthly Report on 22 May. The report said booming exports are expected to continue to drive Germany's economic improvement.
Central Bank of Armenia - Annual Report 2004
According to the Central Bank of Armenia's Annual Report 2004, during 2004, key macroeconomic indicators, such as components of aggregate supply and demand, deviated considerably from projected levels.
OECD Economic Outlook, May 2006
The Organisation for Economic Co-operation and Development published its Economic Outlook report for May 2006 on 23 May. In the report the OECD said the European Central Bank should only raise interest rates gradually, once there is clear evidence that…
Bank of Japan Monthly Report, May 2006
The Bank of Japan published the English version of its May 2006 monthly report on Tuesday 23 May. In the report the BOJ left its economic assessment unchanged, but reiterated that the economy is recovering steadily.
ECB's Issing on globalisation, emu and the euro
In the speech "Globalisation, emu and the euro" given on 22 May Otmar Issing of the ECB said reductions in fiscal deficits by eurozone countries actually boost growth in those economies, rather than weighing on economic activity.
Geithner on financial supervision and regulation
In the speech 'Principles to guide the future evolution of financial supervision and regulation' given on 19 May Timothy Geithner of the Federal Reserve Bank of New York said US financial institutions need to examine "the frontier of risk" to make sure…
Hoenig warns on rate overshoot - report
The Federal Reserve must guard against raising interest rates too high, Kansas City Federal Reserve President Tom Hoenig said Friday 19 May in an interview with the Wall Street Journal's Greg Ip.
African central bank sells gold
A private Saudi jeweller has bought 36 tonnes of raw gold from an African central bank for 1.8 billion riyals, a company spokesman was quoted by Reuters as saying on Monday 22 May, confirming a newspaper report.
Mersch says ECB will have to lift rates further
European Central Bank Governing Council member Yves Mersch said in an interview that eurozone interest rates will need to keep rising because of increased risks to price stability but that there was no fixed schedule.
BOJ's Fukui sees rates rising slowly - report
The Bank of Japan will raise interest rates gradually to keep inflation under control while also giving the economy time to recover, the Nihon Keizai Shimbun quoted BOJ governor Toshihiko Fukui as saying in an interview published Tuesday 23 May.