Central Banking
Bank of England Inflation Attitudes Survey, Aug 05
The Bank of England has published its August 2005 Inflation Attitudes Survey. 56% of respondents thought the inflation target was 'about right', while the proportions saying the target was 'too high' and 'too low' were 19% and 9% respectively.
Reserve Bank of New Zealand Bulletin, Sep 2005
The Reserve Bank of New Zealand published the September 2005 issue of its Bulletin on 7 September. The first article provides an introduction to the Basel II framework and outlines the Reserve Bank's plans to adopt the framework here in New Zealand.
Bush says next Fed chair named in appropriate time
US President George W. Bush said Tuesday that Alan Greenspan's replacement would be named "at an appropriate time," but he had not yet been given a list of prospective names.
Somali central bank chief sacked by president
The president of the Transitional Federal Government of Somalia, Abdullahi Yusuf Ahmad, has fired the governor of the Central Bank of Somalia, BBC Monitoring reported from a report on the Shabeelle Media Network's website.
Cleveland Fed sued over racism claim
The Equal Employment Opportunity Commission has sued the Federal Reserve Bank of Cleveland, according to a report for the Akron Beacon Journal on the ohio.com website.
Brazil's Meirelles won't run for office in 2006
The president of Brazil's central bank, Henrique Meirelles, has ruled out joining a political party, a move which would have allowed him to run for office next year.
Rosenberg favourite to head Riksbank
Sweden's Riksbank deputy governor Irma Rosenberg is favourite to succeed Lars Heikensten and become the first woman to lead the world's oldest central bank, a survey by Bloomberg found.
NY Fed's Geithner says market risks have altered
The president of the Federal Reserve Bank of New York said on Thursday 6 October that changes in financial markets have raised the question of whether the financial system is more or less vulnerable to shock, and warrant an examination of risk management…
Trichet says vigilance needed on inflation risks
ECB president Jean-Claude Trichet said on Friday 7 October that the threat of inflation in the eurozone should be watched carefully due mainly to high property prices.
US's Snow calls for more yuan flexibility
US Treasury Secretary John Snow said in testimony to the Senate Finance Committee at the Capitol on Thursday 6 October that he would ask China to increase currency flexibility.
Almunia sees better eurozone growth by year end
European Union Commissioner for Economic and Monetary Affairs Joaquin Almunia spoke on Thursday 6 October of his confidence that the eurozone will return better growth figures by the end of the year, than had been recorded recently.
RBI's Reddy urges firms to disclose fx exposure
India's central bank governor called on companies to make more disclosures on their exposure to foreign exchange and derivative products on Friday.
Comment: Venezuela's reserves
The Central Bank of Venezuela last week confirmed that it had liquidated more than half of its operational reserves and deposited the funds at the Bank for International Settlements (BIS).
BSP launches 'Save your money in banks' campaign
When you deposit your money in banks, they will nurture your money to grow, making it also work for you. This was the claim of the Bangko Sentral ng Pilipinas (BSP) in its campaign for bank savings, according to information gathered by the Philippine…
NY Fed welcomes derivatives markets commitment
The Federal Reserve Bank of New York said on Thursday 6 October it welcomes the initial commitments made by fourteen major market participants to improve the infrastructure that supports the credit derivatives markets.
Asian integration and the IMF
In this commentary article IMF Managing Director Rodrigo de Rato says the next step for Asia should be to develop more resilient national and regional financial markets. This would further reduce vulnerabilities by improving the channeling of savings and…
St Louis's Poole: How predictable is Fed policy?
In the speech 'How predictable is Fed policy?' given on 4 October William Poole of the Federal Reserve Bank of St. Louis said the Federal Reserve has no timetable to alter its policy statements but when that change comes it would signal the end of the…
Dallas Fed's Fisher on the economic outlook
In the speech 'A perspective on the economic outlook' given on 4 October Richard Fisher of the Federal Reserve Bank of Dallas said the Fed needed to be vigilant on inflation and warned a loose fiscal policy risked pushing interest rates higher.
Kansas Fed's Hoenig on monetary policy
In the speech 'Monetary policy and the economic outlook' given on 5 October Thomas Hoenig of the Federal Reserve Bank of Kansas City said the combination of rising price pressures from wages and commodities means U.S. central bank policy-makers must be…
ECB backs Bank of Italy reform plan
The European Central Bank endorsed Italy's draft legislation to limit the term of the governor of the Bank of Italy from life to a single seven-year term on Thursday.
PBOC's Zhou sees trade friction ahead
China's central bank chief Zhou Xiaochuan said in an interview that he expects trade friction to worsen this year.
ECB's Weber says globalisation lowers inflation
European Central Bank Governing Council member and Bundesbank President Axel Weber said on Tuesday 4 October that globalization tends to lead to lower inflation.
IMF's Deppler suggests German economic coalition
In an interview with Frankfurter Allgemeine Zeitung, IMF European Department Director Michael C. Deppler said that a grand coalition would be best suited for determining a single economic policy in Germany.
BIS's Knight on global banking - paradigm shift
In the speech 'Global banking - paradigm shift' given on 5 October Malcolm Knight of the BIS said the three-pronged approach of Basel-II implementation represents a much more comprehensive method in the present-day complex banking situation.