Central Banking
Wellink sees increased inflation concern for ECB
European Central Bank council member Nout Wellink said in an interview that the bank is ``increasingly concerned about inflation,'' echoing comments by other ECB officials.
Fed pick Bernanke meets with Senators
Federal Reserve nominee Ben Bernanke began making courtesy calls on Thursday 27 October with senators who will determine his nomination's fate.
Comment: Turkey treads path towards EU
The decision by the European Union to open membership talks with Turkey earlier this month is "the end of a long beginning", according to the central bank governor, Sureyya Serdengecti. Nonetheless membership is hardly around the corner.
Legal aspects of European System of Central Banks
The European Central Bank published a book on Wednesday 26 October . The book contains a collection of articles on the European Union and the ESCB, the Eurosystem, monetary law, central bank independence and central bank statutes as well as on financial…
Greenspan on the Council of Economic Advisers
In a speech given on 26 October Alan Greenspan of the Federal Reserve praised the advice provided to presidents by the Council of Economic Advisers.
Chicago Fed National Activity Index, September 05
The Chicago Fed National Activity Index for September 2005 was -0.71 down from -0.09 in August. Two of the four broad categories of indicators that make up the index - production and employment - made negative contributions.
Federal Reserve Bulletin, Summer 2005
According to the Federal Reserve's Bulletin for Summer 2005, the U.S. economy continued to expand at a solid pace over the first half of 2005 despite the restraint imposed on aggregate demand by a further rise in crude oil prices.
Gjedrem on Norway and the UK
In the speech 'Norway and the UK' given on 26 October Svein Gjedrem of Norges Bank said that inspired by the Bank of England, Norges Bank last year finalised a large project on historical monetary statistics for Norway, spanning 500 years of price…
RBNZ increases OCR to 7 per cent
The Reserve Bank of New Zealand increased the Official Cash Rate (OCR) by 25 basis points to 7.00 per cent on Thursday. RBNZ governor Alan Bollard said medium term inflation risks remain strong.
Rato: Economic impact of oil may not remain benign
IMF managing director Rodrigo Rato said in an article that there is a risk that the economic impact of high oil prices may not continue to be as benign as it has been up to now.
RBI's Reddy sees demand pressure build up
Reserve Bank of India governor Yaga Venugopal Reddy said on Wednesday 26 October that price pressures were building up in the country which is expected to grow 7.0-7.5 percent by March 2006.
Liikanen says ECB on alert over inflation risk
European Central Bank Governing Council member Erkki Liikanen said on Thursday 27 October that rising energy costs create significant risks to long-term inflationary expectations in the euro zone.
Brazil sees 'transitory' inflation pressure
Brazil's central bank said in minutes of its COPOM meeting released on Thursday 27 October that it was closely monitoring "transitory" price pressures before it made rate decisions in the coming months.
Comment: Talking points in October
October has been a month of change, with high-profile staff announcements at the Bank of England, the Swedish Riksbank and, of course, the U.S. Fed. Here is a check list of these and other topics that have surfaced this month and are likely to remain of…
Albania's Fullani on inflation targeting practice
In the speech 'Inflation targeting in practice' given on 10 October Ardian Fullani of the Bank of Albania said the fact that we have been successful in controlling inflation during the last years holds true.
Dodge on Canada's economy
In a speech to the House of Commons Standing Committee on Finance given on 25 October David Dodge of the Bank of Canada said past and recent movements in energy prices and in the exchange rate for the Canadian dollar are giving rise to significant…
Sveriges Riksbank Inflation Report, No. 3, 2005
Sweden's central bank, the Sveriges Riksbank, has published its Third Inflation Report for 2005. Most indications are now that the slowdown in growth at the beginning of the year was temporary both in Sweden and abroad, the report said.
Fed's Guynn on the unknowns of a changing economy
In the speech 'Resolving the unknowns of a changing economy' given on 20 October Jack Guynn of the Federal Reserve Bank of Atlanta said it was appropriate for the Fed to continue to raise interest rates to a "neutral" level and this would help keep…
NY Fed's Geithner on the US and global economy
In the speech 'U.S. and the global economy' given on 19 October Timothy Geithner of the Federal Reserve Bank of New York said global imbalances present a threat to the world economy and should be addressed.
Bank of Canada Fixed Income Markets conference
The Financial Markets Department of the Bank of Canada has announced it will host a conference on Fixed Income Markets to be held at the Bank of Canada on 3 and 4 May, 2006.
PBOC clarifies vice governor's remarks
The People's Bank of China (PBOC) said the yuan exchange rate will not keep on appreciating indefinitely, clarifying an earlier media report that quoted central bank vice governor Wu Xiaoling as saying that the yuan will further rise.
Dodge sees 'high degree of liquidity' in market
Canadian interest rates are low enough to allow substantial liquidity on domestic financial markets, Bank of Canada Governor David Dodge told the House of Commons finance committee on Tuesday 25 October.
ECB's Weber says inflation risk 'noticeably' up
European Central Bank Governing Council member and Bundesbank President Axel Weber said upward risk for euro area price stability has grown "noticeably", with inflation expected "with sufficient certainty" not to duck below 2% by the end of next year.
Missing ingredient in BOK
According to this article published on Wednesday 26 October, although the Bank of Korea's interest rate policy is supposed to be as powerful as the Fed's, few still believe that the BOK operates its monetary policy independently from the government.