Economics
Tanigaki sees oil 'biggest' worry for world econ
Surging oil prices are the biggest worry for the world economy and the Group of 20 rich and developing countries is set to discuss the issue, Japanese Finance Minister Sadakazu Tanigaki said on Friday 14 October.
BOJ's Fukui: Important to strengthen economic base
Bank of Japan Governor Toshihiko Fukui said on Friday 14 October that it is important to boost Japan's economic strength further to beat deflation and achieve sustained economic growth.
ECB Monthly Bulletin, October 2005
The European Central Bank published its October 2005 Monthly Bulletin on Thursday 13 October. In the report the ECB reiterated that it is exercising strong vigilance on inflation risks coming from higher oil prices.
Danmarks Nationalbank, Monetary Review 3rd Q 2005
The Danmarks Nationalbank's Monetary Review for the Third Quarter 2005 includes articles on: Recent economic and monetary trends, Activity in the money market and Danmarks Nationalbank's market operations, Expansion of statistics for the MFI sector,…
Fed's Olson on the U.S. economy and fiscal outlook
In the speech 'Update on the U.S. economy and fiscal outlook' given on 12 October Mark Olson of the Federal Reserve said whether energy-related price pressures spilled over into non-energy prices would depend on a "host of considerations," including the…
Euro losing allure for EU newcomers
According to this article published on Tuesday 11 October, the EU's single currency seems to have lost its allure for several of the 10 countries that joined the bloc in May last year.
IMF's Rato announces travel plans
IMF Managing Director Rodrigo de Rato announced his intention to travel to China, Pakistan, Saudi Arabia and Belgium from 14-20 October.
Joint Eurosystem - Bank of Russia seminar
The Eurosystem - the European Central Bank and the national central banks of the euro area - and the Bank of Russia are holding their second joint seminar, which takes place from 12 to 14 October in Saint Petersburg.
Ireland's Hurley warns on productivity decline
John Hurley, governor, Central Bank and Financial Services Authority of Ireland, said in a speech on Thursday 13 October that European governments must hasten reforms in order to reverse a fall in productivity growth.
ECB's Garganas sees no need for rate rise
The European Central Bank sees no need to raise eurozone interest rates if area-wide inflation slows to less than 2.0 percent next year, governing council member and Greek central bank chief Nicholas Garganas said in a newspaper interview.
China's fin min cautions on yuan moves
Chinese Finance Minister Jin Renqing on Thursday 13 October rejected demands by the US for faster currency reform, saying China will liberalize the exchange rate in its own time and in line with its own interests.
Bank of England rate split 'behind us now'
Bank of England Monetary Policy Committee members Paul Tucker and David Walton differed over the outlook for inflation in testimony to lawmakers on Thursday 13 October.
Comment: An EMU fairy tale revisited
In 1996, David Lascelles wrote an imaginative and controversial report titled "The Crash of 2003: an EMU Fairy Tale", which was presented as a fictional report into the demise of the single currency.
Fed's Kohn on globalization and inflation
In the speech 'Globalization, inflation, and monetary policy' given on 11 October Donald Kohn of the Federal Reserve said increasingly globalized financial markets may be less forgiving when they think central banks have erred than the domestic-based…
Richmond Fed's Economic Quarterly, Summer 2005
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Summer 2005. The latest issue includes the article 'What's driving wage inequality?'
BoE's King on the UK economy
In a speech given on 11 October Mervyn King of the Bank of England warned that the period of low inflation and constant growth in the UK over the past 10 years may be at an end.
Greenspan says flexibility crucial to economy
The ability of the US to weather a surge in energy prices is the latest example of how economic flexibility helps prevent serious recessions, Federal Reserve Chairman Alan Greenspan said on Wednesday 12 October.
Fukui says BOJ in critical period on policy
Bank of Japan Governor Toshihiko Fukui said on Wednesday 12 October that the BOJ was entering a critical phase for deciding an end to its ultra-loose monetary policy.
G7 meeting fixed for London on Dec 2-3
G7 finance ministers and central bank governors will hold a special meeting in London on 2-3 Dec, a UK Treasury spokeswoman said on Tuesday 11 October.
Snow calls on China to make yuan more flexible
U.S. Treasury Secretary John Snow called on China to continue with development of its financial markets on Wednesday 12 October, including a more flexible exchange-rate system.
Comment: "Critical period," says Fukui
Yesterday was an important day for the Bank of Japan. All eyes were on its governor, Toshihiko Fukui, as he spoke after the latest policy board meeting. Also, deputy governor, Toshiro Muto, delivered parliamentary testimony.
RBA's Stevens on economic conditions and prospects
In the speech 'Economic conditions and prospects October 2005' given on 11 October Glenn Stevens of the RBA said record fuel prices will stoke Australia's inflation rate in the third quarter and may lead to longer-term increases in the cost of other…
Gjedrem on the outlook for the Norwegian economy
In the speech 'Monetary policy and the outlook for the Norwegian economy' given on 10 October Svein Gjedrem of Norges Bank said the Norwegian economy is in an upturn and is now expanding at a brisk pace.
Bank of Canada, Business Outlook Survey, Autumn 05
The Bank of Canada published its Autumn 2005 Business Outlook Survey on 7 October, saying firms overall remain positive about the economic outlook.