Speech
Buba's Weber on the state of European integration
In the speech 'State and challenges of the European integration' given on 25 October Axel Weber of the Deutsche Bundesbank said we have a good prospect of dealing successfully with the growing diversity of the EU economy after enlargement if monetary,…
Sweden's Heikensten at the Riksdag Committee
In a speech on monetary policy given to the Riksdag Committee on Finance on 14 October, Lars Heikensten of the Sveriges Riksbank said as the economic upturn progresses and resource utilisation increases further, it is reasonable to assume that monetary…
Fukuma on recent economic developments in Japan
In a speech on 'Recent economic and financial developments in Japan' given on 30 September Toshikatsu Fukuma of the Bank of Japan said growth in Japan this fiscal year will exceed the central bank's 3.1 percent forecast as the Japanese economy heads…
Trichet's concluding remarks to ECB conference
In concluding remarks to the Third ECB Central Bank conference on 22 October Jean-Claude Trichet of the ECB said that a stable macroeconomic environment and progress in structural and fiscal reforms are essential to take full advantage of the benefits of…
Issing on EU enlargement and monetary integration
In a speech on 'EU enlargement and monetary integration' given on 22 October, Otmar Issing of the ECB said that the 10 countries that joined European Union in May should not rush to join the euro or the European Exchange Rate Mechanism II until they were…
Remsperger on the Bundesbank's view of the outlook
In a speech on 'The Bundesbank's view of the economic outlook and economic policy challenges' given on 25 October, Hermann Remsperger of the Deutsche Bundesbank said the German economy remains vulnerable to a slowdown in global economic activity. This is…
HKMA's Yam on the challenges of an emerging Asia
In a speech on 'The financial stability challenges of an emerging Asia' given on 25 October, Joseph Yam of the Hong Kong Monetary Authority gave one of the most high-profile endorsements of an Asian monetary union, saying countries in the region should…
Norway's Bergo on cyclical developments
In a speech on 'Monetary policy and cyclical developments' given on 18 October, Jarle Bergo of Norges Bank said in Norway output growth has picked up after a pause in 2003. The interest rate reductions since 2002 have contributed to a turnaround and the…
Trichet: EU Enlargement challenges & opportunities
In a speech on 'EU Enlargement: challenges and opportunities' given on 27 October, Jean-Claude Trichet of the ECB said the eurozone economy was likely to continue growing at its current pace, but noted that high oil prices could dampen the speed of the…
Padoa-Schioppa on enlargement and "old" Europe
In the speech 'Enlargement and "old" Europe: Blow or bless?' given on 21 October Tommaso Padoa-Schioppa of the ECB said the entry into the EU of 10 new member states last May could stimulate economic reforms in the other 15 EU member countries.
Dodge at House of Commons Finance Committee
In a speech to the House of Commons Finance Committee given on 26 October David Dodge of the Bank of Canada said with the economy expected to remain near its production capacity, core inflation is projected to move back up to the 2 per cent target by the…
SF Fed's Yellen on the national economy
In a speech on 'Perspectives on the national economy and monetary policy' given on 21 October, Janet Yellen of the San Francisco Fed said the Federal Reserve may need to speed up or slow down its rate-tightening campaign, depending on economic activity…
How Reserve Bank of Fiji conducts monetary policy
This article outlines how the conduct of monetary policy in Fiji is transmitted from the Reserve Bank of Fiji's (RBF) policy indicator rate (PIR) through to interest rates in the economy and finally to economic activity and its impact on inflation and…
Trichet's statement to EP on ECB's Annual Report
In a statement to the European Parliament on the ECB's Annual Report 2003 on Monday 25 October, Jean-Claude Trichet said the eurozone economy was likely to continue growing at its current pace, but noted that high oil prices could dampen the speed of the…
Buba's Weber on European inflation dynamics
In a speech on 'European inflation dynamics and inflation convergence' given on 15 October, Axel Weber of the Bundesbank said we still do not know enough about the factors that determine inflation persistence in the euro area and we cannot even be sure…
Fed's Bernanke on oil and the economy
In a speech on 'Oil and the economy' given on 21 October, Ben Bernanke of the Federal Reserve said soaring oil prices now represent a "significant shock" to the US economy but the longer-term impact should be manageable.
Fed's Bies on the Federal Reserve and the economy
In a speech on 'The Federal Reserve System and the economy' given on 23 October, Susan Schmidt Bies of the Federal Reserve said the Fed will keep an eye on how much surging oil costs affect consumer prices but said she expects underlying inflation to…
Papademos at Third ECB Central Banking Conference
In his opening address at the Third ECB Central Banking Conference 'The new EU Member States: convergence and stability' on 21 October, Lucas Papademos said there is a risk that reform fatigue will set in after EU accession, because the incentive for…
Fed's Bies on financial institution supervision
In a speech on 'Enterprise perspectives in financial institution supervision' given on 21 October, Susan Schmidt Bies of the Federal Reserve said mortgage market giants Fannie Mae and Freddie Mac were taking on interest-rate risk as a way to grow…
Fed's Poole on social security and demographics
In a speech on 'Social security reform and demographic reality' given on 19 October, William Poole of the Federal Reserve Bank of St. Louis told Delta State University demographic change in the United States and elsewhere in the world presents enormous…
Liikanen on the Fund for Finland
In a speech given on 3 October, Erkki Liikanen of the Bank of Finland said the overall picture for the economic outlook is quite comforting, even though higher oil prices have added to the downside risks. The main challenge now is to establish a firm…
Remsperger on FDI and the Deutsche Bundesbank
In the a on 'FDI and the Deutsche Bundesbank' given on 8 October, Hermann Remsperger of the Bundesbank said the German economy has been one of the driving forces behind the globalisation process. The diverse and ever-changing transmission mechanisms of…
Greenspan on US mortgage market and consumer debt
In a speech on 'The mortgage market and consumer debt' given on 19 October, Alan Greenspan of the Federal Reserve said conceded there were concerns about "the exceptional run-up in home prices" but said Americans were handling their debts well.
SA's Mboweni on forex market developments
In a speech on 'Developments in the foreign exchange markets during the last couple of years' given on 20 September, Tito Mboweni of the South African Reserve Bank said various factors are in one way or the other responsible for the Rand's general…