Speech
ECB's Gonzalez-Paramo on monetary policy
In the speech 'The European Central Bank's monetary policy in an international context: principles and challenges' given on 23 June, Jose Manuel Gonzalez-Paramo of the ECB said there is no doubt in his mind that a monetary policy strategy based on a…
Reserve Bank of Australia calls for China float
Reserve Bank of Australia governor Ian Macfarlane has added his voice to international pressure on China to float the yuan, arguing in a speech that it is in China's interest for the currency to rise.
ECB's Trichet on monetary policy in EMU
In the speech 'Monetary policy in EMU - views and challenges' given on 24 June Jean-Claude Trichet of the ECB said slow growth rates in some euro zone countries may reflect poor competitiveness and economic rigidities, rather than the normal divergences…
Kansas Fed's Hoenig on the US economic outlook
In the speech 'The US economic outlook and monetary policy: Under an inflation watch?' given on 16 June Thomas Hoenig of the Federal Reserve Bank of Kansas City said the Fed could slow down its policy action if the economy weakened but speed up if growth…
Canada's Dodge on the international monetary order
In the speech 'The international monetary order and the Canadian economy' given on 28 June, David Dodge of the Bank of Canada said that while imbalances in global savings and investment flows are an international problem, policy-makers can help resolve…
ECB's Trichet on international financial system
In the speech 'Reflections on the international financial system' given on 21 June, Jean-Claude Trichet of the ECB said that the widening current account deficit in the United States posed a big threat to global growth.
Dallas Fed's Fisher on trade
In the speech given on 14 June Richard Fisher of the Federal Reserve Bank of Dallas said trade with China is helping raise our productivity and lower our prices.
BoE's Tucker: Where are the risks?
In a speech given on 23 June Paul Tucker of the Bank of England noted that in one form or another risks crystallise every day. He asks whether today's capital markets are well placed to absorb any nasty shocks.
BIS's Wellink at the 75th Annual General Meeting
In a speech at the 75th Annual General Meeting of the BIS on Monday 27 June, Chairman of the Board of Directors and BIS President Nout Wellink said with world growth at almost 5%, 2004 was the best year in nearly three decades, with emerging market…
Cleveland's Pianalto: Our future in manufacturing
In the speech 'Our future in manufacturing' given on 16 June, Sandra Pianalto of the Federal Reserve Bank of Cleveland said the fundamentals of the US economy are strong and the expansion should continue.
Fed's Olson on regulatory relief
In testimony on 'Regulatory relief' given on 21 June, Mark Olson of the Federal Reserve said that Congress should give the Federal Reserve more flexibility in setting reserve requirements and allow it to pay interest on balances held by depository…
BoE's King on the UK economy
In his Mansion House speech given on 22 June, Mervyn King of the Bank of England said there are both upside and downside risks to the outlook for UK inflation and policymakers will react promptly to whichever one materialises.
Greenspan warns against trade sanctions on China
Fed chairman Alan Greenspan told Congress in testimony on Thursday 23 June that no credible evidence exists that a move by China to revamp its exchange rate system would benefit US manufacturing or jobs.
Bundesbank's Weber on the IMF
In closing remarks to the Joint IMF-Bundesbank Symposium given on 8 June, Axel Weber of the Deutsche Bundesbank said the IMF is an indispensable engine to improve the functioning and stability of the international monetary system.
Norway's Gjedrem on inflation targeting
In the speech 'Experiences with inflation targeting in Norway and other countries' given on 7 June, Svein Gjedrem of Norges Bank said in light of the experiences of different countries in the last 10-15 years, he is confident that flexible inflation…
Bundesbank's Weber on bank relationships
In the speech 'Bank relationships, financial integration, and monetary policy' given on 3 June, Axel Weber of the Deutsche Bundesbank said traditionally continental European financial systems have been dominated by bank relationships and credit financing.
Norway's Gjedrem on price stability
In the speech 'Price stability is not self-generating' given on 7 June, Svein Gjedrem of Norges Bank said one lesson to learn from the pitfalls of projecting or trend-extending economic variables is that it is very difficult to predict developments in…
ECB's Trichet on EMU and member countries
In closing remarks at the ECB Workshop "What effects is EMU having on the euro area and its member countries" on 17 June ECB president Jean-Claude Trichet stressed the importance of a more competitive economy in the eurozone, reminding member states of…
Opening remarks to the ECB's Workshop
In introductory remarks to the ECB's Workshop given on 17 June Gertrude Tumpel-Gugerell of the ECB said more cross-border mergers in the financial sector are likely to take place in Europe in the future, partly driven by the limits reached in domestic…
IMF's Rato on the global economy
In the speech 'Challenges and perspectives of the global economy' given on 16 June Rodrigo de Rato of the IMF said these are relatively good times for the global economy.
Comments by BoE's Nickell on OECD Paper
In a recent paper two OECD economists say "the absence of monetary policy autonomy seems to be associated with lower structural reform activity in large, more closed economies". Stephen Nickell commented on the paper at an ECB conference on Friday 17…
ECB official sees more cross-border bank mergers
European Central Bank executive board member Gertrude Tumpel-Gugerell said on Friday 17 June that more cross-border mergers in the financial sector are likely to take place in Europe in the future, partly driven by the limits reached in domestic…
ECB's Issing says EMU needs political support
European Central Bank Chief Economist Otmar Issing said steady political support from all euro zone members will be necessary to guarantee the success of a single monetary policy for the area.
Sweden's Rosenberg on growth and inflation
In the speech 'Surprisingly weak growth dampening inflation outlook' given on 15 June, Irma Rosenberg of the Sveriges Riksbank said she sees scope for a more expansionary monetary policy.