Central Banking
Bank of Canada Monetary Policy Report, Oct 2005
The Bank of Canada released its October 2005 Monetary Policy Report on 20 October. The latest report says the global and Canadian economies have continued to grow at a solid pace, and the Canadian economy now appears to be operating at full production…
Greenspan isn't signaling rate-increase pause
According to this article published on Thursday 20 October, when Alan Greenspan told business executives in Tokyo this week that from now on "the recent surge in energy prices will undoubtedly be a drag" on economic growth, he wasn't signaling a pause in…
McCreevy on financial regulation and integration
In the speech 'Financial regulation, integration and competitiveness' given on 17 October Charlie McCreevy of the Central Bank of Ireland said that the supervisory approval process for financial sector acquisitions in many member states is often long,…
NY Fed Staff Paper on Treasury securities
The U.S. Treasury announced in August 2005 that it is exploring whether to provide a backstop securities lending facility for U.S. Treasury securities. The New York Fed Staff Paper "Why is the U.S. Treasury contemplating becoming a lender of last resort…
Fed's Lacker: interest rates after Greenspan
In the speech 'Interest rate policy after Greenspan' given on 20 October Jeffrey Lacker of the Federal Reserve Bank of Richmond said the U.S. central bank would respond to economic developments as needed to preserve its credibility as an inflation…
Fed's Pianalto: Economic conditions, mon. policy
In the speech 'Economic conditions and monetary policy' given on 19 October Sandra Pianalto of the Federal Reserve Bank of Cleveland said the Federal Reserve should keep raising interest rates, but how high will be determined by U.S. inflation and growth.
OECD Working Group on Bribery concerned by Czechs
The OECD Working Group on Bribery issued a letter on Friday 21 October to the Czech authorities, outlining its serious concerns on the failure by the Czech Republic to comply with its international obligations.
Issing hints at ECB rate rise
European Central Bank chief economist Otmar Issing said on Friday 21 October that inflation prospects in the Eurozone are worrisome and the outlook for interest rates is uncertain.
Zimbabwe plans new currency
Zimbabwe will have a new currency next year, the central bank governor announced on Thursday 20 October , the Zimbabwe Observor reports.
Rato urges caution as global rates set to rise
IMF Managing Director Rodrigo Rato said on Thursday 20 October that global interest rates are set to rise and investors must take that into account.
Muto says BOJ to keep ultra-loose policy
Bank of Japan (BoJ) Deputy Governor Toshiro Muto said on Friday 21 October that the central bank will continue to help the resurgent economy by keeping its super-loose monetary policy.
Federal Reserve Board - Beige Book, October 2005
The Federal Reserve published its October 2005 Beige Book survey on 19 October. US business activity increased across the country in September and through early October, according to the report.
NY Fed's Geithner on challenges in risk management
In the speech 'Challenges in risk management' given on 18 October Timothy Geithner of the Federal Reserve Bank of New York said the increased complexity of financial systems reduces the vulnerability of individual firms to risk, but adds to uncertainty…
Lambert on challenging times for monetary policy
In the speech 'Challenging times for monetary policy' given on 19 October Richard Lambert of the Bank of England said the central bank is "determined" to prevent higher oil prices from fanning inflation, suggesting he's unlikely to favor another interest…
Fed's Kohn on the economic outlook
In the speech 'The economic outlook' given on 19 October Donald Kohn of the Federal Reserve said it was not yet time for the U.S. central bank to abandon its interest-rate raising campaign, even though rates were "considerably closer" to where they need…
SF Fed's Yellen on the US economy
In the speech 'Update on the US economy' given on 18 October Janet Yellen of the Federal Reserve Bank of San Francisco said the U.S. economy seems to have kept its footing and the inflation outlook over the longer-term looks favorable, so continued…
Fukui: BOJ framework change not sign of tightening
A change in the Bank of Japan's current quantitative easing framework isn't a sign the central bank will shift to monetary tightening, BOJ Governor Toshihiko Fukui said on Thursday 20 October.
Hosokawa says FX moves should reflect fundamentals
Japan's Ministry of Finance will closely watch foreign exchange rate movements and take action if needed, the ministry's top bureaucrat said Thursday 20 October.
East Asian currency union under discussion
There is a case for a currency union in East Asia but one excluding China and Japan, according to Peter Kenen, a Princeton-based academic.
Vietnam eases foreign currency controls
Vietnam has decided to loosen restrictions on the use of foreign currencies in the country.
Meister calls for stiff shareholding disclosure
Cutting the threshold at which investors must declare that they have corporate shareholdings would help shed light on hedge fund activities, Bundesbank Board member Edgar Meister said.
Comment: What drives the price of debt?
How, in a world where the amount of debt is rising rapidly, can credit spreads remain so low or even fall? And is this a sign of strength and stability, or a cause for concern?
RBA's Stevens on central bank independence
In the speech 'Governance arrangements for effective public financial policies: A central banker's perspective' given on 19 October Glenn Stevens of the RBA said that central banks need to operate without political interference in the their day-to-day…
Fed's Ferguson on economic outlook for the US
In the speech 'Economic outlook for the United States' given on 18 October Roger Ferguson of the Federal Reserve said the Federal Reserve is prepared to move away from its "measured" pace of rate hikes if necessary, but it probably won't be.