Central Banking
ECB talk of normalising rates confirms slow pace
This article published on Monday 24 April suggests that a recent shift in ECB rhetoric to talk of normalising interest rates appears to confirm that the central bank has in mind a slow and steady course of rate hikes.
Is single global currency feasible?
The problems of how to value one currency compared to another and How to predict or control fluctuations in those values persist and now must be solved, according to this article published Tuesday 25 April.
Buba's Weber sticks to German growth forecast
The German central bank still expects economic growth of around 'one-and-a half percent' in Germany this year, despite the rallying oil prices, Bundesbank president Axel Weber told Frankfurter Allgemeine Zeitung in an interview.
Economist warns over euro currency
Respected European economist Paul de Grauwe has warned of the euro's collapse unless there is progress towards political union.
Comment: Will the Fund's new approach matter?
Stephen Roach, managing director and chief economist of Morgan Stanley, suggests that the renewed debate on the role of the international financial institutions is missing questions that "should be near the top of the global agenda".
ECB's Mersch sees inflation risks from oil
European Central Bank council member Yves Mersch said in an interview he is concerned about a surge in liquidity and oil prices pushing up inflation.
Central Bank of Chile - Annual Report 2004
According to the Deutsche Bundesbank's Annual Report 2005, sustained monetary impulse and a favorable external environment during the first half of 2004 created an expansionary macroeconomic climate, but initially this was not clearly reflected in…
Does the euro zone really need political union?
Seven years after the launch of the euro, this article published on Friday 21 April asks how much political union is needed to make monetary union work more effectively?
Philadelphia Fed Business Outlook Survey, Apr 2006
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, April 2006, activity in the region's manufacturing sector continues to expand.
Statement by G7 after Washington meeting
The following is the full text of a statement and an annex issued on Friday 21 April by the finance ministers and central bank governors of the Group of Seven nations after their one-day meeting in Washington.
SARB launch Vision 2010 for payment system
The South African Reserve Bank (SARB) on Thursday 20 April launched a document containing strategic guidelines for the national payment system.
Reserve Bank of New Zealand Bulletin, March 2006
The Reserve Bank of New Zealand has published the March 2006 issue of its Bulletin. The latest issue includes the article 'Changes in the inflation process in New Zealand'.
Capital accord or capital discord?
According to this recent article, preparations for the new capital accord continue but there are growing fears among bankers and their supervisors that its inconsistent implementation around the world will cause problems.
Language: Breaking the code of the Fed
This article published on Monday 24 April sets out to decipher the language of the Federal Reserve System, otherwise known as the House of Hints, it says.
Mario Draghi to succeed Roger Ferguson at FSF
Following consultations within the Financial Stability Forum's (FSF) membership, the G7 Finance Ministers and central bank Governors on Monday 24 April confirmed their support for the designation of Mario Draghi as Chairman of the FSF.
Fed's Ferguson warns over shock potential
U.S. Federal Reserve Vice Chairman Roger Ferguson on Saturday 22 April cautioned that the tranquillity of financial markets in recent years does not mean that they were not vulnerable to more severe shocks.
IMF given new surveillance powers
The International Monetary Fund has won new powers after its 184 member countries supported a new framework to monitor how the economic policies of one country affect others.
PBOC economist says 2006 GDP at least 9%
China's gross domestic product (GDP) will rise at least nine pct this year and the consumer price index (CPI) is likely to rise more than two pct, the official China Securities Journal reported, citing a central bank economist.
Comment: A 'new multilateral approach'
The weekend's announcement of an enhanced IMF role in "multilateral surveillance and consultation" is an important conceptual shift in the way the Fund operates. It is also the closest leading economic leaders have come to acknowledging that global…
Reserve Bank of Fiji - Annual Report 2004
According to the Reserve Bank of Fiji's Annual Report 2004, the Fiji economy registered its fourth consecutive year of growth in 2004.
Bernanke on community economic development
In the speech 'By the numbers: Data and measurement in community economic development' given on 20 April Ben Bernanke of the Federal Reserve said more and better data about low-income communities are needed to advance development in those areas.
Riksbank changes currency allocation
Sweden's Riksbank announced on Friday 21 April that it has reallocated the currency holdings in the bank's foreign currency reserves. The changes include a move away from US dollar holdings in favour of euros.
Interview with Fed's Roger Ferguson
In an interview published on Friday 21 April, Federal Reserve Vice Chairman Roger Ferguson said if there were a sense that the economy was at great risk, he would not want to leave the Fed.
No Nixon moment on China's currency
According to this article published on Friday 21 April, for the second time in less than a year Asia's No. 2 economy outmaneuvered the world's biggest on the yuan.