Central Banking
ECB poses no objection to Stark's appointment
At Thursday's meeting, 2 March, the Governing Council of the ECB adopted an opinion on a recommendation from the Council of the European Union on the appointment of a new member of the Executive Board of the ECB.
ECB raises rates, says more rises are possible
The European Central Bank raised its benchmark interest rate on Thursday 2 March for the second time in three months and suggested more hikes are possible as economic growth and inflation accelerate.
Report says BOJ considering 'reference rate'
The Bank of Japan is considering setting a 'reference rate' on inflation to guide markets on its monetary policy intentions, Jiji Press and other media reported.
Significant progress on global financial stability
Senior regulators, who met on Wednesday 1 March, said that progress had been made in improving the stability of the global financial system, but noted that much more needed to be done.
Comment: ECB continues to tighten
As expected the European Central Bank (ECB) yesterday raised eurozone interest rates by another 25 basis points, taking them to 2.5%. With the markets pricing in two further 25 basis point hikes this year, attention now turns to whether ECB president,…
Qatar Central Bank - Annual Report 2004
According to the Qatar Central Bank's Annual Report 2004, GDP increased by 20% in 2004 and reached a new record of QR 103.56 billion.
Phil Fed's Santomero on the U.S. economy
In the speech 'The U.S. economy: How fast can we grow?' given on 23 February Anthony Santomero of the Federal Reserve Bank of Philadelphia said the U.S. economy's long-run potential growth rate is about 3.0 percent, which is consistent with the Fed…
ECB paper on the euro cash changeover
The ECB Working Paper "Rational inattention, inflation developments and perceptions after the euro cash changeover" uses the euro cash changeover to test theories of finite information-processing capacities on the side of consumers.
ECB's Gonzalez-Paramo on EU cross-border banking
In the speech 'Cross-border banking in the EU: developments and emerging policy issues' given on 24 February Jose Manuel Gonzalez-Paramo of the ECB said financial integration is a highly dynamic process, in which market developments and policy action are…
Fisher on Asia, trade deficits and the US economy
In the speech 'Asia, trade deficits and the health of the U.S. economy' given on 23 February Richard Fisher of the Federal Reserve Bank of Dallas said the U.S. economy is poised to grow by more than 4 percent at an annual rate in the current quarter…
HKMA's Yam on the euro
In the speech 'The euro: Lessons for European and Asian financial markets' given on 24 February Joseph Yam of the HKMA said the integration of financial markets in the Asia-Pacific region can be accelerated if financial and monetary authorities in the…
NY Fed's Geithner on risk management challenges
In the speech 'Risk management challenges in the U.S. financial system' given on 28 February Timothy Geithner of the Federal Reserve Bank of New York said complex securities like derivatives make the global financial system increasingly vulnerable, and…
Fed's Kroszner sworn in
Randall S. Kroszner took the oath of office on Wednesday 1 March as a member of the Board of Governors of the Federal Reserve System.
Adams says Japan's deflation fight almost over
A senior U.S. Treasury official indicated on Wednesday 1 March that Japan has nearly beaten deflation, and China should allow its currency to be more flexible.
SARB's Mboweni blasts 'know-it-all' IMF
South African Reserve Bank governor, Tito Mboweni, slammed the IMF and World Bank on Tuesday 28 February for what he called their high handedness and know it all approach when dealing with developing countries.
Japan's LDP won't meddle with BOJ
One of Japan's ruling party lawmakers told Reuters on Wednesday 1 March that it is up to the Bank of Japan when it ends its ultra-easy policy so long as steps to contain bond yield spikes are in place.
Gold rally expected as central banks cut sales
Gold may rally in coming months as central banks reduce sales of bullion reserves, New York commodity researcher CPM Group said in its annual outlook report released Tuesday 28 February.
Comment: Presidential Fed nominations
When George W. Bush announces his nomination to replace departing vice chairman, Roger Ferguson, he will have chosen all seven members of the board of governors at the Fed. In doing so, he will join Ronald Reagan and Franklin Roosevelt as the only…
National Bank of Romania - Annual Report 2004
According to the National Bank of Romania's Annual Report 2004, Romania saw positive developments in key macroeconomic indicators.
Chicago Fed National Activity Index, January 06
The Chicago Fed National Activity Index for January 2005, published 23 February, was +0.27, down from +0.37 in December. Three of the four broad categories of indicators that make up the index made positive contributions, while the remaining category…
Wellink on regulators and the pension industry
In the speech 'How regulators contribute to a sustainable pension industry' given on 15 February Nout Wellink of the Netherlands Bank said the Dutch central bank has set up a working group looking at ways of making the country an attractive domicile for…
ECB's Trichet on EU and euro area enlargement
In the speech 'Looking at EU and euro area enlargement from a central banker's angle: the views of the ECB' given on 27 February Jean-Claude Trichet of the ECB said the 10 new EU member states need to show 'high vigilance' on inflation and cut their…
Bush's Board
George W. Bush is only the third president to appoint all seven members of the Board of Governors, notes this article published Monday. But how does he compare to his predecessors in terms of overall influence on the makeup of Fed leadership?
Bundesbank fights to shine in ECB's shadow
Germany's Bundesbank is battling to redefine its role in the new eurozone monetary order headed by the European Central Bank, according to this article published Friday.