Central Banking
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.
Monetary policy predictability in the euro area
This Norges Bank Working Paper evaluates the ability of market participants to anticipate monetary policy decisions in the euro area and in 13 other countries.
Norges Bank, Economic Bulletin, October 2005
Norges Bank, the central bank of Norway, has published its October 2005 Economic Bulletin. The latest Bulletin includes the article 'House prices, equity prices, investment and credit - what do they tell us about banking crises?'
Fed's Greenspan on energy
In the speech 'Energy' given on 17 October Alan Greenspan of the Federal Reserve said the sharp run-up in energy prices following the shutdown of Gulf Coast production facilities was an "an accident waiting to happen".
Bank of England's MPC voted 9-0 to hold rates
Minutes from the Bank of England's 5 and 6 October meeting, released 19 October, showed that all nine members of the Monetary Policy Committee voted to keep interest rates at 4.5 percent this month, not even discussing arguments for a cut.
IMF's Rato welcomes GCC monetary union progress
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), gave a statement on Tuesday 18 October following a meeting in Jeddah, Saudi Arabia, with the finance ministers and central bank governors of the six-nation Gulf Cooperation…
FSI Award - 2006 competition rules announced
The Financial Stability Institute (FSI) announced on Tuesday 18 October that it will give the 2006 FSI Award to the author of the best paper submitted.
ECB's Issing says rise in inflation is worrying
The oil-driven increase in Eurozone inflation is worrying because it could drive up inflationary expectations, European Central Bank chief economist Otmar Issing said in an interview that was published on Wednesday 19 October.