Central Banking
Fed's Gramlich at the 30th anniversary of the NHSA
In introductory remarks to an event honouring the 30th anniversary of Neighbourhood Housing Services of America (NHSA) given on 10 September, Edward Gramlich of the Federal Reserve said that there's a need to expand homeownership for lower-income…
Irish banking system sound, says cb's Hurley
Speaking at the publication of the central bank of Ireland's Financial Stability Report on Tuesday 21 September, the governor, John Hurley, said: "The central aim of this report is to analyse and assess the overall health of the financial system and to…
ECB's Issing sees inflation falling below 2%
The European Central Bank is unhappy with the current level of inflation in the eurozone but expects it to fall below 2% in the second quarter of next year, chief economist Otmar Issing said on Monday 20 September.
ECB, BOJ right on wait and see policy says OECD
OECD chief economist Jean-Philippe Cotis said that the European Central Bank and the Bank of Japan are right to maintain a "wait and see" positions in their monetary policies.
IMF sees potential hazard in US fiscal policy
The managing director of the International Monetary Fund, Rodrigo de Rato, said on Monday 20 September that the dollar would have to fall and the United States would have to tackle its growing indebtedness to avoid a threat to the world economy some time…
Fed expected to raise rates despite concerns
The Federal Reserves interest rate setting FOMC gathered on Tuesday 21 September, with the expectation they will raise US interest rates for a third time this year despite lingering signs of economic stress.
Measuring financial stability
Following the IMF's latest global financial stability review, released on Wednesday, one might expect central bankers to be relaxing. The Fund could see few threats on the horizon. In fact, central bank crisis watchers have never been busier. Mostly they…
HKMA Quarterly Bulletin, September 2004
The Hong Kong Monetary Authority has published the September 2004 issue of its Quarterly Bulletin. The latest issue includes an article "International reserve holdings - Are financial centres different?" - examining the relationship between reserve…
Srejber on new EU countries- opportunities & risks
In the speech 'New EU countries - opportunities and risks' given on 20 September Eva Srejber of the Sveriges Riksbank said for some of the other new member states a hurried transition to the euro could give rise to problems. The Baltic States are very…
Counterfeiting: A Canadian perspective
The author of this Bank of Canada Working Paper considers the economic issues that counterfeiting raises. He proposes an innovative method for estimating the quantity of counterfeit currency in circulation and develops estimates for Canada for 2001.
Bank of England Inflation Attitudes Survey, Aug 04
The Bank of England's August 2004 quarterly Inflation Attitudes Survey was published on 20 September. Asked about the future path of interest rates, 73% expected rates to rise in the next 12 months, little changed from 71% in the May survey.
China price performance remains stable, says PBOC
"The price performance in China remains stable on the whole," said Governor of the People's Bank of China Zhou Xiaochuan on Sunday.
Afghanistan taking steps to capital market launch
Afghanistan took its first steps towards a capital market with an auction on Sunday of capital notes which will allow the country's banks to determine a market-driven interest rate. "This is an important step for us. It is the the beginning of a capital…
Canada's prospects best for year: Dodge
Bank of Canada Governor David Dodge told Finance Minister Ralph Goodale in July the country's chances of steady economic and job growth are the best in years, Bloomberg News reported under Canada's Access to Information Act.
Argentina's repayment dates to IMF extended by 1yr
Argentina's debt repayment dates to the International Monetary Fund were extended by a year on Friday, the agency said.
NBP says Poland's 2006 ERM II depends on deficit
Poland's joining the Exchange Rate Mechanism ERM II in mid-2006 depends on its meeting the budget deficit criterion, Polish National Bank (NBP) Vice-President Krzysztof Rybinski said.
IMF set to warn ECB against lifting rate too soon
The International Monetary Fund will warn the European Central Bank against lifting interest rates too soon in its next report on the world economic outlook, the Financial Times Deutschland reported without citing sources.
China to appoint new securities mkt chief
China is set to replace the head of its stock and derivatives markets regulatory body with the vice-mayor of the southwestern city of Chongqing, a Government source familiar with the situation said on Wednesday, according to Sify Finance.
Udeshi on Issues in bank regulation & supervision
In the speech 'Issues in bank regulation and supervision' given on 16 September Smt. K J Udeshi of the RBI said the rationale for financial regulation lies in the economic costs imposed on the society by financial market failure.
ECB's Trichet on European identity
In a speech 'European identity' given on 10 September Jean-Claude Trichet of the ECB said he appreciates Vincent Van Gogh enormously: his painting, his aspirations and his huge artistic talent. There is no better illustration of Europe's deep-rooted…
Bank of Japan - Annual Review 2004
The Bank of Japan has published its Annual Review for the year ended 2004, which covers the year ended 31 March 2004. In the foreword Toshihiko Fukui said economic activity in Japan remained flat in the first half of fiscal 2003 due partly to the…
Fed's Gramlich on Oil shocks and monetary policy
In the speech 'Oil shocks and monetary policy' given on 16 September Edward Gramlich of the Federal Reserve said the current spike in oil prices is unlikely to deter the Federal Reserve from continuing to raise interest rates.
Reports name V Leeladhar as new RBI dep governor
The appointment of V Leeladhar has been cleared as deputy governor at the Reserve Bank of India (RBI) according to a report by The Economic Times this week.
Gono goes to China
The Reserve Bank of Zimbabwe's embattled governor Dr Gideon Gono is believed to be in China to finalise talks on closer ties with his counterpart, the governor of the People's Bank of China.