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Speech

Svensson defends publication of rate path

Lars Svensson, the deputy governor of Sweden's Riksbank, said the central bank had decided to publish an interest rate path because it was impossible to forecast inflation and resource allocation without having an assumption for the interest rate path.

RBA's Stevens testifies to lawmakers

The Reserve Bank of Australia's governor, Glenn Stevens, and three senior officials were grilled on the impact of subprime, models used for forecasting and the prospects interest rates in an election year at this House of Representatives hearing.

Italian bank takeovers a success - Saccomanni

The acquisition of southern Italy's leading banks by banks in the centre and north of the country have had important positive effects, contributing to improve principles and techniques of credit management, Fabrizio Saccomanni, a director general of the…

Randall Kroszner testimony

In testimony during his confirmation hearing, Randall Kroszner, a member of the Board of Governors of the Federal Reserve, said the central bank has achieved much success in reducing and stabilising inflation and inflation expectations over the quarter…

Kroszner on Fed's supervision initiatives

In this speech, Randall Kroszner, a governor of the Federal Reserve Board, discusses the American central bank's current work to strengthen our support of minority-owned depository institutions and several ongoing supervisory and regulatory initiatives…

Philippines: e-rediscouting system

In a speech made on the launch of an electronic rediscounting system, Amando Tetangco Jr, governor of the central bank of the Philippines, said that the system would expand access to credit of countryside areas in the Mindanao region.

Geithner: challenges of global integration

Timothy F. Geithner, president of the Federal Reserve Bank of New York, said that there is growing concern in the US about long-term challenges facing the country, such as the perceived shift in the locus of economic growth away from the US toward Asia.

IMF's Rato on capital flows

In a speech given on 28 July Rodrigo de Rato, managing director of the International Monetary Fund, said that imposing direct limits or controls on capital inflows sets central banks and private financial institutions against each other.

Al-Sayari on Saudi banking industry

In this speech, Hamad Saud Al-Sayari, the governor of Saudi Arabian Monetary Agency, says the central bank is currently directing the kingdom's banks towards the adoption of Basel II standard by 1st January 2008.

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