Economics
BoJ's Fukui says watching yen move closely
The central bank will be keeping a close eye on yen movements in the wake of current volatility, Bank of Japan governor Toshihiko Fukui told a news conference in Tokyo on Friday 16 December.
Trichet: Fazio may have infringed ECB rules
Bank of Italy governor Antonio Fazio would have infringed the European Central Bank's code of conduct if press information of improper links with Banca Popolare Italiana CEO Gianpiero Fiorani proved founded, ECB president Jean-Claude Trichet said on…
Fed's Greenspan on free markets
In a speech given on 14 December Alan Greenspan of the Federal Reserve said the rise in global living standards despite fears of violence is a testament to the value of free markets in the world.
Krueger on the global consequences of Asian growth
In the speech 'Still achieving, still pursuing: The global consequences of Asian growth' given on 14 December Anne Krueger of the IMF said many Asian economies have long been reaping the benefits of trade liberalization.
Singapore's Tong on riding the Asian tide
In the speech 'Riding the Asian tide' given on 8 November Goh Chok Tong said the rise of China and India will shift the global economic centre of gravity from West to East.
BNM's Aziz on the Malaysian banking industry
In the speech 'Developing a robust competency framework for the Malaysian banking industry' given on 6 December Zeti Akhtar Aziz of the Central Bank of Malaysia said the success in developing a robust industry competency framework requires collaborative…
International Journal of Central Banking, Dec 05
The December 2005 issue of the International Journal of Central Banking was published on Thursday 15 December. The latest edition contains six articles including 'How Should Monetary Policy Respond to Asset-Price Bubbles?,' and 'Inflation Targeting and…
Bell calls Bank of England forecasts 'ambitious'
Former Bank of England Monetary Policy Committee member Marian Bell said in an interview that the central bank's forecasts for economic growth are "ambitious" and that if she was still on the MPC she would consider cutting rates.
LDP calls on BOJ to set nominal growth target
Japan's ruling Liberal Democratic Party said on Thursday 15 December that it wants the Bank of Japan to set a target for nominal economic growth in accordance with the government.
Trichet: ECB must act before inflation develops
European Central Bank president Jean-Claude Trichet said in an interview the ECB must not wait for inflation to develop before taking action against it.
UK's Brown to meet Bernanke on Friday
British Chancellor Gordon Brown will meet the new designated future chairman of the U.S. Federal Reserve, Ben Bernanke, in Washington on Friday 16 December.
Fazio may face ECB probe
The European Central Bank may decide at its council meeting Thursday 15 December to open a formal inquiry into Bank of Italy governor Antonio Fazio's links with former Banca Popolare Italiana CEO Gianpiero Fiorani, said Corriere della Sera in an…
RBA's Stevens on Asia's financial system
In a speech to the 18th Australasian Finance and Banking Conference 2005 given on 14 December Glenn Stevens of the RBA said the development of Asia's financial system had not kept pace with its rapidly accelerating economies.
Bank of Canada Financial System Review, Dec 2005
The Bank of Canada has published its semi-annual December 2005 Financial System Review. In general, the financial health of Canadian financial institutions, households, and non-financial corporations remains robust.
New York Fed's Economic Policy Review, Dec 2005
The Federal Reserve Bank of New York has published the December 2005 edition of its Economic Policy Review. The articles in the latest edition were presented at a conference organised by the Federal Reserve Bank of New York in April 2005, "Urban Dynamics…
Central bankers are not magicians says BoE's King
Bank of England governor Mervyn King said in an interview with a Swedish newspaper published on Wednesday 14 December that central bankers cannot do magic tricks and politicians shouldn't make comments about the monetary policy of independent central…
Fazio confident despite banker arrest
Bank of Italy Governor Antonio Fazio said he did not break the law, after Gianpiero Fiorani was arrested for suspected embezzlement, but a leading newspaper on Wednesday 14 December called on Fazio to quit.
Philadelphia Fed Business Review, 3rd Quarter 2005
The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Third Quarter 2005. The latest edition includes articles titled, The changing patterns of payments in the United States, The economics of asset securitization, and…
Canada's Dodge on inflation targeting
In the speech 'Our approach to monetary policy: Inflation targeting' given on 12 December David Dodge of the Bank of Canada said the BoC must set interest rates looking at the country as a whole and not get caught up in growth rates that vary from region…
RBA's Macfarlane on recent economic developments
In the speech 'Some observations on recent economic developments' given on 13 December, Ian Macfarlane of the Reserve Bank of Australia said the Australian economy is more resilient and able to adjust to economic shocks as global interest rates rise…
ECB introduces cartoon kit
Jean-Claude Trichet, President of the European Central Bank, launched a new information kit entitled "Price stability: why is it important for you?" on Monday 12 December.
US Treasury official calls for China FX action
A US Treasury official said on Monday 12 December that China should act on its pledge to make its currency regime more flexible.
EU confirms legal action against Italy
The European Commission confirmed in a statement on Tuesday 13 December that it has decided to start legal action against Italy over the involvement of the Bank of Italy in the takeover battle for Banca Antonveneta.
Xiaochuan expects less pressure on yuan move
China's central bank governor Zhou Xiaochuan said he expects less pressure for a yuan revaluation next year, as China will move to cut its trade surplus.