Central Banking
ECB statement on Wim Duisenberg's death
The European Central Bank released a statement on Sunday 31 July following news of the death of former ECB president Wim Duisenberg.
Fazio defends conduct in takeover battle
Bank of Italy governor Antonio Fazio said he defended his conduct in clearing bank mergers and takeover bids, according to comments in La Repubblica newspaper.
US house prices suggest strong economy: Bernanke
White House economic adviser Ben Bernanke said on Friday 29 July that he thought strong U.S. housing prices reflected a healthy economy and thought it was unlikely there would be a national decline in prices.
BOJ economist forecasts sustainable recovery
The Bank of Japan's top economist said the central bank is getting more confident that an economic recovery is sustainable because consumer spending is improving at a faster pace.
Former ECB president found dead
Wim Duisenberg, former president of the European Central Bank, was found dead on Sunday 31 July at his villa in the south of France.
BSP sees inflation at 6.5%-7%
The Bangko Sentral ng Pilipinas, Philippine central bank, said Friday the annual inflation rate likely fell to 6.5-7.0 percent in July from 7.6 percent in June as abundant food supply offset pressures from high oil prices.
SF Fed's Yellen on the economy and monetary policy
In the speech 'Views on the economy and implications for monetary policy' given on 29 July Janet Yellen of the Federal Reserve Bank of San Francisco said the Fed should keep raising interest rates to pull some of the stimulus out of the U.S. economy.
IADB elects new President
Colombian diplomat and former minister of economic development Luis Alberto Moreno was elected president of the Inter-American Development Bank on Wednesday 27 July during a special meeting of the Bank's Board of Governors at IDB headquarters in…
Bank of Canada appoints Special Adviser
The Bank of Canada announced the appointment of Bruce Little on Thursday to the position of Special Adviser for the year 2005-06.
IMF's Rato offers congratulations to Moreno
IMF Managing Director Rodrigo de Rato congratulated Luis Alberto Moreno on Wednesday 27 July following his election as President of the Inter-American Development Bank. Rato said his diplomatic experience and leadership will benefit Latin America's…
IMF chief draws fire over style as leader
This article published on Wednesday 27 July suggests a whispering campaign has begun in Washington against IMF chief Rodrigo de Rato. They accuse Rato of being a hands-off manager who spends too much time abroad and eyes Spain's highest elected office,…
Spain suggests supervisory appointment changes
Julio Segura, director of the Bank of Spain, has recommended a few changes to the way that appointments are made for executives of regulatory and supervisory boards.
The decline of Japan's saving rate
The Bank of Japan Working Paper "The decline of Japan's saving rate and demographic effects" investigates the phenomenon in which Japan's household saving rate showed a sharp decline even during the long stagnation period called "the lost decade."
China's yuan decision may not change things much
This article published on on Thursday 28 July suggests the enthusiasm which greeted China's recent currency revaluation was sorely misguided. Taken together, the details outlined in the announcement left the future of China's currency as murky as if the…
New York Fed's Economic Policy Review, Aug 2005
The Federal Reserve Bank of New York published the August 2005 edition of its Economic Policy Review on 25 July. The latest Review includes proceedings of the conference "Labor market developments in the United States and Canada since 2000" cosponsored…
SARB appoints new deputy governor
The President of South Africa, Thabo Mbeki, has appointed Dr Renosi Mokate as deputy governor of the South African Reserve Bank for a period of five years, effective from 1 August 2005.
Greenspan may get five more years
A California congressman has said he wants to introduce legislation to give Federal Reserve chairman Alan Greenspan five more years in the job.
Buchholz named as a candidate for Fed seat
Todd Buchholz, an adviser to President Bush during the 2004 presidential campaign, is being considered by the White House for a seat on the Federal Reserve Board, reports said this week quoting sources close to the administration.
PBOC to reveal more details on yuan in next step
The People's Bank of China said on Friday 29 July that it will provide more details of its revaluation of the yuan in the next step, including more information on the basket of currencies for the yuan exchange rate.
Brazil's Meirelles says economy sound
Despite the country's current political crisis, Brazil's economy is supported by solid fundamentals that will maintain growth, central bank president Henrique Meirelles said on Thursday 28 July .
IMF's Rato says no case for sanctions on China
IMF Managing Director Rodrigo Rato said in an interview on Thursday 28 July that there is no case for trade retaliation against China because of its foreign exchange policy.
Bank of Italy - Annual Report 2004
The Bank of Italy has published its Annual Report for the year ended 2004. In Italy the expansion of output has been unsatisfactory, according to the report. Since 2000 the average annual growth rate has been less than 1 per cent.
MAS's Keat on managing risks, fostering innovation
In the speech 'Managing risks, fostering innovation' given on 14 July Heng Swee Keat of the Monetary Authority of Singapore said our aim is to maintain a supervisory framework that is robust and responsive.
'Fazio affair' meeting set for coming week
The Italian government will discuss how to tackle the controversy surrounding Bank of Italy governor Antonio Fazio at a cabinet meeting on 3 August, Italian Prime Minister Silvio Berlusconi said Friday.