Speech
Fed must "respond pragmatically" to poorer outlook
Policymakers must be prepared to respond pragmatically to a recent bout of worse-than-expected data on the United States economy, said Dennis Lockhart, the president of the Atlanta Federal Reserve and a non-voting member of the Federal Open Market…
Bahrain's Al Maraj calls for more liberalisation
The six member states making up the Gulf Cooperation Council (GCC) must further liberalise their economies if their recent economic success is to continue, says Rasheed Mohammed Al Maraj, the governor of the Central Bank of Bahrain.
Norway's SWF must export ethics cautiously: Gjedre
Managers of the Bank of Norway's Global Pension Fund must tread carefully when trying to fulfil the sovereign fund's ethical requirements in foreign markets, said Svein Gjedrem, the governor of the central bank.
Philippines's Tentangco notes strong performance
The Filipino economy achieved the ideal confluence of high growth and low inflation in 2007, said Amando Tetangco, Jr, the governor of the central bank.
Hawkish Hoenig stresses inflation risks
The likelihood of a recession in the United States is smaller than others are suggesting, says Thomas Hoenig, the president of the Kansas City Federal Reserve.
India's Reddy warns on debt risks
India's high consolidated public debt to GDP ratio is a major area of vulnerability, said Y.V. Reddy, the governor of the Reserve Bank of India.
ECB should discuss inflation disparities
The divergence between actual eurozone inflation and that perceived by the public in a number of euro area countries represents a communication challenge for the European Central Bank, says Lucas Papademos, the vice-president.
China's Liu on problems plaguing property market
Excessively rapid price growth in certain cities, an irrational supply and demand structure and the inability of low income families to afford housing in the domestic real estate market are worrying officials at the People's Bank of China, says Liu Shiyu…
France's Noyer: new rules for ratings agencies
Christian Noyer, the governor of the Banque de France, highlighted three areas in which the regulation of rating agencies needs to improve in the wake of the credit crunch.
Muto lists criteria for Bank of Japan decisions
The Bank of Japan should assess three phenomena when deciding on monetary policy, says Toshiro Muto, a deputy governor.
Fed's Rosengren calls for banks to declare losses
Banks must fully disclose their losses to limit the damage of the subprime fallout, says Eric Rosengren, the president of the Boston Fed.
Fukui notes success of Franco-Japanese relations
Japan and France have established a particularly constructive relationship in many economic spheres, says Toshihiko Fukui, the governor of the Bank of Japan.
Japan's Iwata praises new communication strategy
The Bank of Japan's new communication policy framework has improved both transparency and flexibility, says Kazumasa Iwata, a deputy governor at the central bank.
Differences are a strength of Fed strategy: Kohn
Recent disparities in speeches by FOMC members on the economic outlook in the United States reflect the pace of change rather than any failure in the Fed's communication strategy, says Donald Kohn, the vice-chairman of the Federal Reserve board.
Northern Rock shows fallibility of communication
The run on Northern Rock, a British mortgage lender, illustrates the potential downside of central bank communication around stability issues, says Gary Stern, the president of the Minneapolis Federal Reserve.
Banks have vital role in Mauritian economy
The success of the banking industry is critical for the economic development of Mauritius, says Rundheersing Bheenick, the governor of the Bank of Mauritius.
Israel's Fischer notes importance of Basel II
The adoption of the Basel II principles of capital management is one of the largest and most important tasks confronting the Israeli banking system, says Stanley Fischer, the governor of the Bank of Israel.
Swiss exchange rate has no impact on rate-setting
The Swiss franc exchange rate is only relevant in monetary policy insofar as it has an impact on Swiss inflation, says Jean-Pierre Roth, the chairman of the Swiss National Bank.
Basel II procyclicality concern must be mitigated
The elements of Basel II built into the framework to mitigate procyclicality must be properly used, especially in the current climate, said Jaime Caruana, the director of the International Monetary Fund's monetary and capital markets department.
East Asian integration must be monitored: Fukui
East Asia's growing economic and financial integration must be closely monitored to avoid negative side effects, said Toshihiko Fukui, the governor of the Bank of Japan.
SWF stakes should be limited: SNB's Hildebrand
Sovereign wealth funds' stakes in foreign companies must be significantly below the threshold of a controlling minority to avoid a resurgence of state ownership, said Philipp Hildebrand, the vice chairman of the Swiss National Bank.
Fed's Lacker "troubled" by US inflation
Jeffrey Lacker, the president of the Richmond Federal Reserve, said on Wednesday that he was uncomfortable with the inflation picture in the United States.
China's Zhou speaks on financial stability
Flexibility and adaptability must be improved if central banks are to successfully deal with financial instability, says Zhou Xiaochuan, the governor of the People's Bank of China.
IMF's Kato adds voice to calls for transparency
Investors need greater transparency of the on- and off- balance sheet exposures of financial institutions, as well as of the interrelationships between asset managers, and special purpose vehicles, said Takatoshi Kato, a deputy managing director of the…