Central Banking
Buba's Remsperger sees medium term inflation risk
Bundesbank chief economist Hermann Remsperger said in an interview that inflationary risks for the euro zone remain high in the medium term.
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BOJ to keep 'accommodative' policy after shift
The Bank of Japan will maintain an ``accommodative'' policy stance even after it ends its five-year deflation-fighting policy Governor Toshihiko Fukui said.
Comment: Payment system risks
While few would regard Britain's large-value payment system as risky - over its ten-year life, the system has suffered no major scares - how the system will bear up in a crisis or time of market stress is a cause for concern.
Bank of Slovenia - Annual Report 2004
According to the Bank of Slovenia's Annual Report 2004, Slovenia recorded a current account deficit for the second successive year, the 2004 figure being EUR 238 million, or 0.9% of estimated GDP.
Papademos on the euro area economy & emerging Asia
In the speech 'The euro area economy and emerging Asia - current issues and policy challenges' given on 10 February Lucas Papademos of the ECB said market expectations for an ECB rate hike next month are 'reasonable'.
New Fed chief meets same old Congress
In terms of the testimony itself, the transition from Greenspan to Bernanke was seamless, according to this article published on Thursday 17 February. But he did it in language that Congress and the larger audience - financial markets - could understand,…
Suppressed inflation and money demand in Zimbabwe
This International Monetary Fund Working Paper investigates the divergence between inflation and monetary expansion in Zimbabwe since late 2003.
BNB's Quaden sees rates as exceptional, temporary
Belgian National Bank governor Guy Quaden told a news conference on Thursday 17 February that the Eurozone's historically low interest rates "should be exceptional and temporary".
Balcerowicz concerned over NBP regulations
In an interview for the Gazeta Wyborcza daily, the president of the National Bank of Poland Leszek Balcerowicz, presented the central bank's standpoint on the Pekao-Bank BPH merger and ideas to broaden the responsibility of the NBP.
Bernanke: Greenspan speeches don't violate ethics
Fed chairman Ben Bernanke said his predecessor, Alan Greenspan, has not violated any central bank or federal government ethics rules as a result of his recent series of private speeches since leaving his post on 1 February
BOJ in critical period says Nishimura
Bank of Japan Policy Board member Kiyohiko Nishimura said on Thursday 16 February the central bank has entered a critical period for deciding on a policy move, but said it had not set any time frame for a shift.
Fed chief rules out mandate change
Ben Bernanke said he doesn't want Congress to change the Federal Reserve's mandate that it pay attention to both price stability and maximum employment or economic growth.
OECD's Gurria calls for global imbalances action
Washington and Beijing need to back their words with action, after pledging to deal with global economic imbalances, the incoming chief of the Organization for Economic Cooperation and Development said on Thursday 16 February.
Bank of Canada Review, Winter 05-06
The Bank of Canada published its Review for Winter 2005-2006 on 16 February. The Review includes the article "70 Years of Central Banking: The Bank of Canada in an International Context, 1935-2005".
Comment: Inflation targetting
A number of emerging market economies have encountered problems in the early stages of inflation targetting. The latest to hit some bumps in the road in is the National Bank of Romania.
Romania to keep 2006 inflation target
The National Bank of Romania this week published its third inflation report since adopting inflation targetting in August last year. Despite forecasts suggesting that inflation will overshoot the upper limit of this year's target, the central bank has…
Lacker on transition and continuity at the Fed
In the speech 'Transition and continuity at the Federal Reserve in 2006' given on 14 February Jeffrey Lacker of the Federal Reserve Bank of Richmond said that incoming Fed Chairman Ben Bernanke must preserve the hard-won credibility for maintaining low…
Bank of England Inflation Report, February 2006
The Bank of England published its February 2006 Inflation Report on 15 February. Governor Mervyn King told a press conference the outlook for the UK economy is "benign" and the slowing of consumer spending growth that began in the middle of 2004 "appears…
Solomon Islands - Annual Report 2004
According to the Central Bank of Solomon Islands Annual Report 2004, the economic performance in 2004, although generally positive, highlighted the vulnerability and fundamental structural weaknesses underlying the economy.
Federal Reserve's Monetary Policy Report, Feb 2006
The Federal Reserve published its February 2006 Monetary Policy Report to the Congress on Wednesday 15 February. The U.S. economy should continue to perform well in 2006 and 2007. But higher energy prices will probably exert some restraint on activity…
Bernanke says more rate rises 'may' be necessary
Ben Bernanke told Congress on Wednesday 15 February that more US rate hikes "may" be necessary as the threat of higher inflation persists despite a year-and-a-half of steady tightening.
Sweden's Rosenberg on monetary policy
Sveriges Riksbank deputy governor Irma Rosenberg gave a speech on Tuesday saying new information made available since January appears to confirm indications in December that the development of economic activity is stronger than expected.
Fed nominees emphasise inflation control
The two nominees for the Federal Reserve Board, Randall S. Kroszner and Kevin M. Warsh, said on Tuesday 14 February, in testimony to the Senate Banking Committee that controlling inflation was the key to maintaining economic growth in the United States.