Central Banking
Trichet sees strengthening eurozone economy
European Central Bank President Jean-Claude Trichet said on Monday 20 February he sees economic activity in the eurozone strengthening. He warned, however, that risks to price stability have increased.
National Bank of Slovakia - Annual Report 2004
According to the National Bank of Slovakia's Annual Report 2004, the first positive signs are visible in the Slovak economy, following membership of the European Union on 1 May 2004.
Bank of England Payment Systems Oversight Report
The Bank of England published its second Payment Systems Oversight Report on Friday. It contains the Bank's latest assessment of UK payment systems against the internationally-recognised Core Principles for Systemically Important Payment Systems.
St Louis Fed's Poole on inflation targeting
In the speech 'Inflation targeting' given on 16 February William Poole of the Federal Reserve Bank of St. Louis said an explicit inflation target would help the Federal Reserve do a better job of anchoring expectations and ensuring low and stable prices.
RBA's Macfarlane on the Australian economy
In his opening statement to the House of Representatives given on 17 February I.J. Macfarlane of the Reserve Bank of Australia said it is more likely that the next movement in Australian interest rates will be up rather than down. He also said the way…
Next Bank of Spain chief will face higher rates
According to this article published on Thursday 16 February, when a new governor replaces Jaime Caruana as head of the Bank of Spain later this year, their biggest challenge will be to manage the change of the economic cycle.
ECB's Gonzalez-Paramo on the National Accounts
In a speech on the measurement of economic phenomena, with special reference to the System of National Accounts given on 2 February Jose Manuel Gonzalez-Paramo of the ECB said undoubtedly, globalisation is proceeding at a rapid pace, and statisticians…
Fed's Pianalto says growth, stability go together
Cleveland Fed president Sandra Pianalto said Thursday 16 February that the Federal Reserve's twin objectives of price stability and growth go hand in hand.
Senate panel approves Kroszner, Warsh to Fed
The Senate Banking Committee on Thursday 16 February approved the nominations of Randall Kroszner and Kevin Warsh to be members of the Federal Reserve's board of governors.
Bundesbank gold sale rule change dropped
The German government and the Bundesbank have agreed to end a long-running squabble over the use of Germany's gold reserves, the finance ministry announced.
Riksbank appoints new director of communications
At its meeting Friday 17 February, the Executive Board of the Riksbank appointed Pernilla Meyersson new Director of Communications.
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.