Speech
Policy's role grows amid tensions: Canada's Carney
At a time of great uncertainty, it is more important than ever that monetary policy acts as stabilising force, said Mark Carney, the governor of the Bank of Canada.
Central bankers responsible for lower inflation
Monetary policy credibility accounts for why inflation appears generally to have become less persistent, said Janet Yellen, the president of the San Francisco Federal Reserve.
Argentina's Redrado on lessons from hyperinflation
Lower inflation is the consequence of more responsible fiscal, monetary and wage policies, which might be a result of more awareness of the costs of rampant price growth, stated Martin Redrado, the governor of the Central Bank of Argentina.
Thailand's Nijathaworn on the current turmoil
The unwinding of global imbalances, triggered by corrections in the US housing market that began in 2006, has caused the current global financial turbulence, said Bandid Nijathaworn, a deputy governor of the Bank of Thailand.
Good times are over, says France's Noyer
Christian Noyer, the governor of the Bank of France, has warned that globalisation's impact on inflation will no longer be a positive one.
Sound risk management essential: Fed's Kroszner
The current financial market turbulence underscores the importance of getting the fundamentals of sound risk management right and being ever vigilant about their consistent application, execution, and improvement in light of new data and experiences,…
Price stability is best aim for policy
Low and stable inflation remains the best contribution monetary policy can make to growth and macroeconomic stability, said Svein Gjedrem, the governor of the Bank of Norway.
Fed's Hoenig notes monetary policy's limits
Thomas Hoenig, the president of the Kansas City Federal Reserve, said he has been struck by the heavy burden placed on monetary policy to cope with the current crisis and its potential spillover effects.
IMF's Portugal on liquidity provision
Central banks should continue to provide liquidity as needed to assure the smooth functioning of markets, said Murilo Portugal, a deputy managing director of the International Monetary Fund (IMF).
Inflation expectations up: Fed's Geithner
Timothy Geithner, the president of the New York Federal Reserve, has acknowledged that inflation expectations have risen in the US.
Inflation fall driven by policy not globalisation
Globalisation is not the main factor in dampening inflationary pressures, as commonly suggested, argued Axel Weber, the president of the Bundesbank.
Kohn on Fed's recent regulatory initiatives
The Fed and other banking agencies have encouraged mortgage lenders to pursue prudent loan workouts in order to help struggling homeowners, said Donald Kohn, the vice chairman of the central bank.
Fed's Mishkin on economic outlook
Frederic Mishkin, a governor of the Federal Reserve, expects a period of economic weakness in the near term that should be offset in future quarters by the monetary easing already in place and the fiscal stimulus package.
Liquidity cooperation essential: Japan's Fukui
Given the increase in the volume and complexity of cross-border flows of funds, coordination among central banks in liquidity provision is essential, said Toshihiko Fukui, the governor of the Bank of Japan.
RBA's Debelle on bond market
Australian banks, having sound balance sheets, have been able to maintain their pre-crisis pace of bond issuance and have continued to directly access wholesale funding throughout the recent period of turmoil, said Guy Debelle, an assistant governor at…
BIS's Wellink outlines Basel II amendments
The Basel Committee will review the capital charges for collateralised debt obligations (CDOs) set out in the Basel II framework, said Nout Wellink, the president of the Netherlands Bank and chairman of the committee.
Fed's Kroszner on liquidity risk management
Liquidity risk should be evaluated and addressed on an enterprise-wide basis and should be tightly integrated with capital planning, said Randall Kroszner, a governor at the Federal Reserve.
Nyberg on the strength of Sweden's economy
Lars Nyberg, a deputy governor at the Riksbank, judged economic activity in Sweden to be good, but warned that the central bank expected a slowdown later in the year.
BoE's Gieve calls for bigger buffers
Regulation must temper the pro-cyclicality of the credit cycle, said Sir John Gieve, a deputy governor at the Bank of England.
Simply the best for policy, says Fed's Plosser
Simple rate-setting rules based on publicly observable information are the best to use, said Charles Plosser, the president of the Philadelphia Federal Reserve.
BIS's Knight wants procyclicality issue addressed
A strengthening of the so-called "macroprudential approach" to financial regulation is needed to address problems of excessive procyclicality, said Malcolm Knight, the general manager of the Bank for International Settlements.
Czech's Tomsik on short-term outlook
The Czech National Bank has forecast GDP growth to slow during this year but to pick up in the first quarter of 2009.
Iceland a step ahead on liquidity
Iceland's approach to liquidity management is much more developed than in other countries, said Ingimundur Fridriksson, a governor at the central bank.
Stability requires public-private coordination
The close cooperation of policymakers and market participants is essential for achieving sustainable growth and preserving stability, said Lucas Papademos, the vice president of the European Central Bank.