Speech
Fed's Ben Bernanke on the economic outlook
In a speech on 'The Economic Outlook' given on 4 September Ben Bernanke of the Federal Reserve said the Fed had "no reason" to raise short-term interest rates so long as price pressures remained at bay. "In my view, the Federal Open Market Committee has…
Nyberg on developments in the property market
In a speech on 'Developments in the property market' given on 2 September, Lars Nyberg of the Sveriges Riksbank said in the housing market, prices have continued to rise despite the recent economic slowdown. The market for commercial property has instead…
False conceptions of the euro and the Riksbank
In a speech on 'False conceptions of the euro and the Riksbank' given on 3 September, Kristina Persson of the Sveriges Riksbank said less than two weeks remain now to the referendum that will determine whether Sweden shall introduce the euro. Adopting…
Gjedrem: Monetary policy & the economic situation
In the speech 'Monetary policy and the economic situation' given on 2 September Svein Gjedrem of Norges Bank said that even with current interest rates at 3 percent, it remains more probable that inflation over the next two years will be lower than 2.5…
Fukui on the situation of the Japanese economy
In a speech on the current situation of the Japanese economy given on 3 September Toshihiko Fukui of the Bank of Japan said a number of developments indicate that the Japanese economy is moving in a desirable direction, even though it continues to face…
Gramlich speaks at the 25th anniversary of the NRC
In a speech given on 18 August Edward Gramlich of the Federal Reserve said the Neighbourhood Reinvestment Corporation (NRC) has a history of effective problem solving. At a very early stage it recognized that a secondary mortgage market would be…
SARB's Plenderleith on monetary policy in Africa
In the speech 'Is monetary policy different in Africa?' given on 29 August Ian Plenderleith of the South African Reserve Bank asks are the very evident differences between Africa and the developed countries, for example in economic and social structure,…
Rogoff on globalization and global disinflation
In the speech 'Globalization and Global Disinflation' given on 29 August Kenneth Rogoff of the IMF said the greatest threat to today's low inflation would be a reversal of the modern trend towards enhanced central bank independence, particularly if trend…
Irma Rosenberg on the economic outlook for Sweden
In the speech 'The economic outlook for Sweden' given on 2 September Irma Rosenberg of the Sveriges Riksbank said in the June Inflation Report, the Riksbank concluded that there had been a gradual deterioration in both Swedish and international economic…
Stevens on structural change and monetary policy
In the speech 'Structural Change and the Conduct of Monetary Policy' given on 30 August Glenn Stevens of the Reserve Bank of Australia said central banks have routinely to be on the look out for the sorts of changes which, while leaving ultimate…
Srejber on lessons from Growth and competition
In the speech 'Growth and competition - lessons from the past' given on 25 August Eva Srejber of the Sveriges Riksbank said there have been many changes in the Swedish economy in recent times. The external framework is currently characterised by…
Greenspan on monetary policy under uncertainty
In a speech on 'Monetary Policy under Uncertainty' given on 29 August Alan Greenspan of the Federal Reserve said he preferred to set economic policy by managing possible risks rather than obeying formal rules. "That any approach along these [formal…
Poole on Fed Transparency: How, Not Whether
In the speech 'Fed Transparency: How, Not Whether' given on 21 August William Poole of the Federal Reserve Bank of St. Louis said transparency is a worthy goal, but improving transparency is hard work. "My thinking is still evolving, but one thing I know…
Parry on prospects for the national, local economy
In the speech 'Prospects for the National and Local Economies: A Monetary Policymaker's View' given on 21 August Robert Parry of the Federal Reserve Bank of San Francisco said downside surprises that could push the inflation rate even lower are a concern…
Kennedy on monetary policy during economic shocks
In the speech 'Monetary Policy during Economic Shocks: Lessons Learned' given on 26 August Sheryl Kennedy of the Bank of Canada discussed three periods over the past decade when Canada's economy was hit by major shocks. From her perspective she examines…
HKMA's Yam at the HKIMR Summer Workshop 2003
In his Opening Remarks to the HKIMR Summer Workshop 2003 given on 27 August Joseph Yam of the Hong Kong Monetary Authority said the organisers have put together an interesting programme with three papers dealing with issues that are of current or…
Speech by BOJ dep gov Toshiro Muto
Toshiro Muto, Deputy Governor of the Bank of Japan, asks "What Have We Learned from "Unconventional" Market Operations?" and assures that the BOJ will "continue to exert every effort to enhance the transmission mechanism of monetary policy, while…
Fukui: report on currency and monetary control
Statement by Toshihiko Fukui, Governor of the Bank of Japan, concerning the Bank's Semiannual Report on Currency and Monetary Control before the Committee on Financial Affairs, House of Councillors, on July 24, 2003
ECB's Solans on global economic statistics
Eugenio Domingo Solans, of the ECB's Executive Board, talks on the importance of reliable and harmonised statistics, without which European Monetary Union would not have been possible, he says. However the "ultimate goal" is to reach a similar degree of…
European lawmaker calls for action on euro fakes
Christa Randzio-Plath, chair of the European Parliament's Committee on Economic and Monetary Affairs, has called for an "urgent and concerted" effort to tackle counterfeits euro banknotes. These have included a €300 note.
Jalan on exchange rate policy
In a speech given at the 14th National Assembly of Forex Association, the governor of the Reserve Bank of India, Dr Bimal Jalan, mused on the central bank's exchange rate policy. The present system is by no means an ideal one. However, like the old…
Fed's Bies on effective corporate governance
In a speech on 'Effective Corporate Governance and the Role of Counsel' given on 10 August Susan Schmidt Bies of the Federal Reserve said in today's environment, regulators, lawmakers and shareholders are looking for providers of legal services to be…
RBA's Macfarlane: Financial Stability Discussion
In his Introduction to a Panel Discussion on Financial Stability: Consilium given on 9 August Ian Macfarlane of the Reserve Bank of Australia said because of the improvement in banks' risk management and bank supervision, we have not even been close to…
Quaden on the Financial Stability Committee
In a speech on the 'Installation of the Financial Stability Committee' given on 30 July Guy Quaden of the National Bank of Belgium said that this new Committee and the far more historic institutions from which it emanates are firmly resolved that they…