Speech
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…
Netherlands' Wellink on business cycles
In a speech on 'Business cycles and foreign direct investment' given on 23 September, Nout Wellink of the Netherlands Bank and President of the Bank for International Settlements said looking at the current business cycle he is convinced that the worst…
St Louis Fed's Poole on good policy practice
In a speech on 'Safeguarding good policy practice' given on 8 October, William Poole of the Federal Reserve Bank of St. Louis said central bank leadership requires at times a willingness to push hard enough to get the job done, and recognition of how…
Fed's Ferguson on good policy practice
In a speech on 'Safeguarding good policy practice through maintaining flexibility' given on 8 October, Roger Ferguson of the Federal Reserve said he is opposed to the idea of adopting an explicit inflation target as it could limit the ability of the Fed…
Aziz on creating an Islamic Financial System
In the speech 'Towards creating an Islamic Financial System as an integral part of the International Financial System - strategies and challenges' given on 21 September, Zeti Akhtar Aziz of the Central Bank of Malaysia said that as Islamic finance…
Fed's Santomero on changes in US payments
In a speech on 'The Changing Pattern of Payments in the United States' given on 16 October, Anthony Santomero of the Federal Reserve Bank of Philadelphia discusses the current status of the U.S. payments infrastructure, how the roots and evolution of the…