Speech
SARB must emphasise inflation target's importance
The South African Reserve Bank must communicate why it is so vital to get inflation back within the institution's target range, X.P. Guma, a deputy governor at the central bank, has said.
Spain's Ordoez on emerging markets
One of the most surprising features of the recent turmoil is the resilience of most emerging market economies, said Miguel Fernandez Ordoez, the governor of the Bank of Spain.
Charge for payment services, says Norway's Gjedrem
Offering payment services for free is not in bank customers' best interests, Svein Gjedrem, the governor of the Bank of Norway, warned.
Challenging idols won't win fans: Fed's Hoenig
Regulatory reform is likely to prove a desperately unpopular task for the Federal Reserve, Thomas Hoenig, the president of the Kansas City Fed, noted.
HKMA's Pang commends SMEs
Small- and medium-sized enterprises play a vital role in the economic growth of developing countries, Peter Pang, a deputy chief executive of the Hong Kong Monetary Authority, said.
Limiting foreclosures essential: Bernanke
Ben Bernanke, the chairman of the Federal Reserve, has called on both the public and private sector to do everything they can to limit preventable mortgage foreclosures.
Iceland's banks are strong: Fridriksson
Icelandic banks are expected to have performed relatively well in the first quarter of the year, said Ingimundur Fridriksson, the governor of the Central Bank of Iceland.
Jordan on the Swiss outlook
The outlook for Switzerland's economy remains good, stated Thomas Jordan, a member of the governing board of the Swiss National Bank.
UK's Blanchflower calls for bigger cuts
Aggressive easing is required to prevent the UK falling into recession, said David Blanchflower, a member of the Bank of England's rate-setting committee.
FOMC could do with a revamp: ex-Fed deputy
The Federal Open Market Committee (FOMC) should introduce staff, instead of committee, forecasts, recommended Alan Blinder, a former vice-chairman of the Fed.
Relaxing collateral standards presents risks
By accepting poorer collateral central banks can reduce banks' incentives to hold sufficient amounts of higher-quality assets, said Stefan Ingves, the governor of the Sveriges Riksbank.
ECB's Papademos on financial integration
Financial integration is highly relevant to the Eurosystem's role in safeguarding financial stability, said Lucas Papademos, the vice president of the European Central Bank (ECB).
Thailand's Watanagase on the role of the IMF
The development of crisis prevention instruments by the International Monetary Fund (IMF) is critical and should be given priority, said Tarisa Watanagase, the governor of the Bank of Thailand.
Hurley praises Ireland's financial oversight
The level of co-operation between central bankers and regulators in Ireland proves very useful in managing financial crises, said John Hurley, the governor of the Central Bank and Financial Services Authority of Ireland.
Trichet remains firm on inflation
In all circumstances, but even more in times of heightened uncertainty in global financial markets, a strong commitment to price stability over the medium term is essential, said Jean-Claude Trichet, the president of the European Central Bank (ECB).
New financial centre forming in Trinidad?
Trinidad and Tobago should establish itself as a financial hub for the greater Caribbean region and as a financial gateway for Latin America, said Ewart Williams, the governor of the central bank.
Weber defends mark to market
Axel Weber, the president of the Deutsche Bundesbank, says it is crucial to stick to fair value accounting, especially under adverse market conditions.
San Francisco's Rudebusch on future of regulation
In this Fed Review, published by the Federal Reserve Bank of San Francisco, Glenn Rudebusch, a senior vice president at the central bank, discusses recent initiatives by the Fed to promote liquidity and tackle ongoing problem in credit markets.
Denmark values euro's stabilising powers
The existence of the euro has been an advantage to the Danish economy during the current financial crisis, said Nils Bernstein, the governor of the National Bank of Denmark.
Sentance: pound matters for monetary policy
The weakening pound is adding to the upward pressures on costs and prices from global markets, said Andrew Sentance, a member of the Bank of England's rate-setting committee, in a speech to the Confederation of British Industry.
Canada's economic outlook
The deterioration in economic and financial conditions in the United States will have direct consequences for the Canadian economy, said Mark Carney, the governor of the Bank of Canada, at a press conference following the release of April's monetary…
Fed would examine SWF bank takeovers
The Federal Reserve would investigate any sovereign wealth fund taking a controlling interest in a US bank, Scott Alvarez, the general counsel at the central bank, said.
BoE's Jenkinson on liquidity risk
Developments in financial markets have increased the importance and complexity of liquidity risk management over the past decade, said Nigel Jenkinson, the executive director responsible for financial stability at the Bank of England.
Ireland's Hurley confident on outlook for 2008
The Irish economy and its banking sector will continue to demonstrate their strength against the background of a challenging international environment this year, John Hurley, the governor of the Central Bank & Financial Services Authority of Ireland,…