Central Banking
Bank of England maintains interest rates at 4.75%
The Bank of England's Monetary Policy Committee voted to maintain the Bank's repo rate at 4.75% on Thursday 7 July.
The Federal Reserve System: Purposes and Functions
The book "The Federal Reserve System: Purposes and functions" was published on Tuesday 5 July. The book includes chapters titled, 'Overview of the Federal Reserve System,' 'Monetary Policy and the Economy,' 'The Implementation of Monetary Policy,' 'The…
Poole: After Greenspan Whither Fed Policy?
In the speech 'After Greenspan: Whither Fed Policy?' given on 6 July, William Poole, President of the Federal Reserve Bank of St. Louis, said Alan Greenspan's eventual successor faces a stiff credibility test from markets but could ease the transition by…
Trichet's deep sympathy at London bomb blasts
European Central Bank president Jean-Claude Trichet said on Thursday 7 July that he does not expect the multiple bomb blasts in London to have any significant impact on the euro zone or UK economies.
Bank of England meeting held despite attacks
The Bank of England's Monetary Policy Committee would announce its interest rate decision at midday as usual despite multiple blasts on London's transport network, a spokesman for the central bank said on Thursday morning, 7 July.
G7 monitoring reaction to London blasts - Eichel
Finance Ministers and central bank governors from the Group of Seven (G7) nations are monitoring the reaction of financial markets to the blasts in London, German Finance Minister Hans Eichel said on Thursday 7 July.
Malaysia denies working with China on currency
Malaysia's prime minister on Thursday 7 July denied speculation that his country and China are working together on changes to their currency exchange rates.
ECB Paper on GCC regional monetary integration
The Gulf Cooperation Council (GCC) plans to introduce a single currency by 2010 in its six member states. This paper focuses on selected macroeconomic and institutional issues and key policy choices which are likely to arise during the process of…
St Louis Fed's Regional Economist, July 2005
The Regional Economist, July 2005 edition, from the St Louis Fed includes the article "Do we have a saving crisis?" Theoretically, the decline in saving jeopardizes the US economy because savings are lent to businesses for investment. In reality, the US…
Central Bank of the Bahamas - Annual Report 2004
The Central Bank of the Bahamas has published its Annual Report for the year ended 2004. The report includes a comparative review of economic and financial developments in The Bahamas during 2004, and an update on regulatory development affecting the…
ECB's Trichet on the eurozone economy
In a speech to the European Parliament given on 4 July Jean-Claude Trichet of the ECB said the bank projects inflation to be between 1.8 per cent and 2.2 per cent this year and between 0.9 per cent and 2.1 per cent in 2006, adding that "upside risks to…
Minutes from the Sveriges Riksbank Meeting, 20 Jun
The Sveriges Riksbank published the minutes from its 20 June Executive Board meeting on 5 July. In Sweden economic activity has slowed, the minutes said. In the first quarter GDP growth was much lower than estimated by the Riksbank and other forecasters.
BIS anniversary exhibition attracts many visitors
The Bank for International Settlements (BIS) has said it is delighted at the public's response to its 75th anniversary exhibition, 'this is the biz'.
Bank of Spain chief rejects ECB rate criticism
Bank of Spain governor and ECB board member Jaime Caruana denied criticism that current interest rates in Europe represent an obstacle for economic growth, Expansion reported, citing an interview with Caruana.
Trichet calls for consensus on hedge funds
European Central Bank president Jean-Claude Trichet said in a speech on Wednesday 6 July that the EU and US need to reach a consensus on the regulation of hedge funds before additional regulations are introduced.
Fukui: Japan's monetary easing policy to remain
Bank of Japan governor Toshihiko Fukui said on Wednesday 6 July that the central bank will maintain its quantitative monetary easing policy to support the Japanese economy until deflation risks retract.
EU Parliament rejects ECB report over rate stance
MEPs rejected a report praising the European Central Bank's interest rate policy on Tuesday, saying the ECB was focusing too narrowly on stability and ignoring the need for growth.
Research on exchange rates and monetary policy
This BIS Working Paper published June 2005 reviews research carried out on exchange rates and monetary policy by central banks that participated at the Autumn Meeting of Central Bank Economists on "Exchange rates and monetary policy", which the BIS…
RBI's Reddy on challenges in a globalising economy
In a speech on 'Overcoming challenges in a globalising economy : Managing India's external sector' given on 23 June Y.V. Reddy of the Reserve Bank of India said the bank is unlikely to yield to pressures for significantly accelerating the pace of…
Buba's Fabritius on Euro-Arab Economic Dialogue
In a speech to 'The Euro-Arab Economic Dialogue' Summit given on 23 June Hans Georg Fabritius of the Bundesbank said the current global economic conditions are well suited to enhance economic cooperation between Europe and the Arab world.
National Bank of Austria - Annual Report 2004
Austria's economy gathered considerable steam in the first half of 2004, mainly driven by booming external trade, according to the National Bank of Austria's Annual Report 2004.
Bank of Canada, Business Outlook Survey, Summer 05
The Bank of Canada published its Summer 2005 Business Outlook Survey on 4 July, reporting that businesses remain optimistic about the economic outlook.
Bank Indonesia to boost rupiah
Bank Indonesia governor Burhanuddin Abdullah said on Tuesday 5 July that the central bank will lend state-owned oil company Pertamina money to fund oil imports as part of efforts to support the rupiah exchange rate.
ECB's Noyer says euro departure possible
European Central Bank (ECB) governing council member Christian Noyer said in a closed appearance in the French National Assembly last week that it would be possible, but highly risky, for member states to leave the eurozone.