Speech
Sweden's Nyberg on household debt
In a speech given on 25 August Lars Nyberg of the Sveriges Riksbank said developments since the spring indicate that households are continuing to increase their debts at a rapid rate.
BoE's Bean on the business cycle
In a speech given on 26 August Charlie Bean of the Bank of England comments on Bob Hall's article "Separating the Business Cycle from Other Economic Fluctuations".
Chicago's Moskow on the US economic outlook
In the speech 'U.S. economic outlook' given on 24 August Michael Moskow of the Federal Reserve Bank of Chicago said the United States needs higher interest rates to keep inflation down as the job market tightens and energy prices remain high.
BoE's King on UK inflation
In a speech given on 27 August Mervyn King, governor of the Bank of England, said that inflation expectations in the UK may shift significantly even if the cause of the change in prices is due to temporary factors.
Fed's Kohn on financial markets
In a speech given on 27 August Donald Kohn of the Federal Reserve defended the central bank's practice of signalling interest rate moves, saying less-clear statements may hurt the economy.
Philadelphia Fed's Santomero on economic outlook
In the speech 'Economic outlook' given on 31 August, Anthony Santomero of the Philadelphia Fed said the effects of Hurricane Katrina will cause economic dislocations in the short-term but will not derail the U.S. economic expansion.
ECB's Trichet on monetary policy
In the speech 'Monetary policy and 'credible alertness'' given on 27 August, Jean-Claude Trichet of the ECB defended the ECB's infrequent intervention in interest rates compared to the US Federal Reserve.
IMF's Rajan on the Greenspan era
In the speech 'The Greenspan era: Lessons for the future' given on 27 August Raghuram Rajan of the IMF said that financial markets are at present in extremely healthy shape.
Greenspan on the Fed and the future
In closing remarks to the Jackson Hole symposium given on 27 August, Fed chairman Alan Greenspan said he will miss debates on the conduct of monetary policy with members of the Federal Open Market Committee.
What remains of the SGP?
Franz-Christoph Zeitler, a member of the executive board of Deutsche Bundesbank, delivered a speech at the Salzburg seminar, a high-profile meeting place of international leaders, at which raised the question "What remains of the Stability and Growth…
Greenspan on the central banker's art
Alan Greenspan attributed the recent increase in asset values to investors' willingness to accept lower compensation for risk, as part of his opening remarks to the annual central bank symposium in Jackson Hole.
Fukui positive on economy, inflation
In a statement before a parliamentary committee on August 2, the governor of the Bank of Japan, Toshihiko Fukui, spoke of the country's improving economic situation and how the central bank's policies were adapting.
Reddy on micro-finance: RBI's approach
In the speech 'Micro-Finance: Reserve Bank's approach' given on 6 August YV Reddy of the RBI said that we, in India, have to focus on extending financial services in both rural and urban areas for ensuring financial inclusion of all segments of the…
Italy's Fazio on economic and financial planning
In testimony given on 22 July Antonio Fazio of the Bank of Italy said in order to return to a path of growth, it will be necessary to remove the factors that cause uncertainty and weigh on the decisions of firms and households regarding investment and…
BIS's Knight on the global economy
In the speech 'The global economy: so far so good?' given on 8 July (published 11 August) Malcolm Knight of the BIS analyses recent global macroeconomic trends.
PNG's Bakani on financial system reform
In the speech 'Financial system reform in Papua New Guinea' given on 23 June (published 15 August), Loi Bakani of the Bank of Papua New Guinea said the Bank of PNG is in a process of establishing a legal framework for the microfinance industry and will…
RBNZ's Bollard on the New Zealand payment system
In the speech 'New Zealand payment system' given on 11 August Alan Bollard of the Reserve Bank of New Zealand said the RBNZ is making protection of New Zealand's $41 billion-a-day payments system its leading priority.
MAS's Shanmugaratnam on money-changing businesses
In a speech given on 15 August Tharman Shanmugaratnam of the Monetary Authority Of Singapore said the Bill expands the scope of MAS' powers to revoke or suspend a money-changer's or remittance licence to include cases where the licensee has failed to…
RBA's Macfarlane on the Australian economy
In a statement to the House of Representatives given on 12 August Ian Macfarlane of the Reserve Bank of Australia said that inflation was largely under control and the economy strong.
PBOC's Xiaochuan on developing capital markets
In the speech 'Improve corporate governance and develop capital market' given on 13 July, Zhou Xiaochuan of the People's Bank of China said if we hold the view that the objective of financial sector reform is to make the financial institutions stronger…
PBOC's Xiaoling on financial theoretic research
In a speech given on 3 June (published 10 August) Wu Xiaoling of the People's Bank of China said researchers need to be objective, independent and scrupulous with the research work and this will help promote China's economic and financial theoretic study.
Trichet at the memorial service for Wim Duisenberg
In a speech during the memorial service for Wim Duisenberg given on 6 August Jean-Claude Trichet of the ECB called Duisenberg a great European and friend.
DNB's Wellink on Duisenberg's legacy
In a speech at Wim Duisenberg's memorial service given on 6 August Nout Wellink of the DNB said his open manner of communicating was enhanced by another quality: his ability to delegate and bestow trust, even on very young employees.
Italy's Fazio on economic developments
In the speech 'Economic developments and the banking system' given on 13 July Antonio Fazio of the Bank of Italy said there are signs that the world economy is slowing down with respect to its exceptional expansion last year, but growth remains robust.