Central Banking
BoJ's Fukui sees economy recovering
Bank of Japan governor Toshihiko Fukui said on Thursday 21 April that the world's second-largest economy remained on a recovery track in spite of cautious business sentiment.
MOF's Asakawa says Japan won't diversify reserves
According to Japanese Ministry of Finance official Masatsugu Asakawa, Japan doesn't plan to change the percentage of US dollars in its $838 billion official reserve assets, the world's largest.
Ferguson says Fed right to watch prices
Speaking on Wednesday 20 April, Federal Reserve Vice Chairman Roger Ferguson said the US central bank was correct to keep its eye on inflation pressures, but noted some volatile components contributed to a surprisingly big rise in core consumer prices in…
IMF's Rato sees S American inflation decline in 05
The head of the International Monetary Fund said on Wednesday 20 April that Latin America is likely to see a further decline in inflation in 2005, despite higher oil prices.
Iran: New call for central bank independence
Iran's deputy minister of economic affairs and finance said the proposed scheme to transform the Central Bank of Iran (CBI) into an independent entity would help improve the management system of the key Foreign Exchange Reserve Fund.
Phil Fed's Santomero on the recent business cycle
In a speech on 'A policymaker's reflections on the recent business cycle' given on 12 April, Anthony Santomero of the Federal Reserve Bank of Philadelphia said the United States is on track for solid growth with relatively stable prices, but high oil…
Netherland's Schilder on good governance
In a speech on 'Good governance' given on 11 April, Arnold Schilder of De Nederlandsche Bank highlights the role of public oversight concentrating on recent developments in the field of governance, accounting and supervision.
Buba's Stark on changing global economic structure
In a speech on 'The changing global economic structure: a view from Europe' given on 14 April Jurgen Stark of the Deutsche Bundesbank said the future international role of the EU will depend on the speed and the results of the adjustment and reform…
HKMA Annual Report 2004
The Hong Kong Monetary Authority on Tuesday 19 April published its Annual Report for 2004. The Report reviews trends and events in monetary and banking affairs and reports on the HKMA's work during the year. It also sets out plans for the coming year.
Bank of England MPC Minutes, 6 & 7 April
The minutes from the 6 & 7 April meeting of the Bank of England's Monetary Policy Committee published on Wednesday 20 April showed policy makers voted 7- 2 to keep interest rates unchanged this month, the same split as in March, with the majority saying…
Fed's Yellen positive on inflation outlook
Janet Yellen, the president of the San Francisco Federal Reserve bank, said she is upbeat about the outlook for inflation and watching closely to see whether the economy hit a soft-spot in March.
Fed system works well for US banks says Geithner
As a regulator, "what keeps me awake at night is trying to understand what we don't know," said Federal Reserve Bank of New York President Timothy Geithner Tuesday.
Pianalto: Fed should extend inflation forecasts
The Federal Reserve would gain credibility by being more clear, and extending its inflation forecasting time horizon would help, the president of the Federal Reserve Bank of Cleveland said in a speech on Tuesday 19 April.
Poole warns not to expect predictable rate rises
A top Federal Reserve policy-maker said on Tuesday 19 April that US inflation prospects are good but markets should not expect a re-run of last year's predictable pattern of interest rate rises.
Buba and German govt in united front after tension
The German government and the Bundesbank presented a unified image on economic matters following a meeting in Berlin called after reports of rising tensions over fiscal policy reforms.
Atlanta Fed's Guynn on corporate governance
In a speech on 'Ethical challenges in a market economy' given on 11 April, Jack Guynn of the Federal Reserve Bank of Atlanta said the 2002 Sarbanes-Oxley Act has helped restore trust in US corporations at a "very substantial" financial cost to some…
Pakistan's Husain on anti-money laundering
In a speech given on 29 March Ishrat Husain of the State Bank of Pakistan said the SBP has signed MOUs with a number of central banks for the exchange of information and expertise covering anti-money laundering and terrorist-financing areas.
Fed's Bies on the economy and personal finances
In a speech on 'The economy and managing personal finances' given on 18 April, Susan Bies of the Federal Reserve said the US central bank must step up its vigilance against inflation but indicated that she believed "measured" interest-rate rises could…
Fed redesigns financial education website
The Federal Reserve announced on Monday 18 April that it has redesigned its financial education website to increase the use of Federal Reserve educational materials and promote financial education in the classroom.
ECB's Tumpel-Gugerell on EU-China relations
In the speech 'The next dimension for EU-China relations' given on 19 April, Gertrude Tumpel-Gugerell of the ECB said Chinese action on foreign exchange is "crucial for the adjustment of global imbalance".
ECB nominee says growth hit by confidence
The eurozone economy "is not growing sufficiently" because of a lack of consumer and business confidence, Italy's designated appointee to the European Central Bank (ECB)'s executive board said on Tuesday 19 April.
FATF launches Arab anti-money laundering group
The Paris-based Financial Action Task Force (FATF) has set up a regional grouping to combat money laundering in the Middle East and North Africa, the head of the Arab banking association said on Monday 18 April.
South Korea plans banknote redesign
The Bank of Korea said Monday that it will begin issuing currency bills with new security features next year, to combat an explosion of counterfeit banknotes.
EU's Almunia says China move on rates uncertain
It is impossible to gauge how or when China will decide to adjust its fixed currency peg, the European Union's top monetary official said on Monday.