Economics
Brown should bank on a change of approach
This article published on Tuesday 11 October asks whether it could be time for the UK's Chancellor to re-order the remit of the Bank of England's MPC? Or at least place growth, which ultimately leads to jobs and prosperity, as an equal priority to price…
Sweden's Riksbank appoints new governor
The Riksbank General Council on Tuesday 11 October appointed Stefan Ingves to succeed Lars Heikensten as Governor of Sveriges Riksbank.
Bank of Italy says still talking to ECB
The Bank of Italy said Tuesday 11 October it was still talking with the European Central Bank about its role in a controversial takeover battle and denied a press report claiming the ECB had concluded that Antonio Fazio broke banking rules.
Hungary's PM says euro date needs more thinking
Hungarian Prime Minister Ferenc Gyurcsany said Tuesday 11 October that adopting the euro in 2010 needs more consideration because of the social implications of the budget spending reductions the move would require.
Belarus, Russia agree on ruble introduction plan
The National Bank of Belarus and the Russian central bank have approved a plan of action to introduce the Russian ruble as sole legal tender in Belarus.
Comment: ECB on banking in the EU
The ECB recently published its annual report on EU banking structures, outlining the main developments in the sector in 2004 and the first half of 2005. The report identifies a number of important structural developments that are of great importance for…
ECB report on EU banking structures
The European Central Bank on Friday 7 October published a report on EU banking structures, prepared by the Banking Supervision Committee of the European System of Central Banks (ESCB).
ECB's Trichet on the euro area economy
In the speech 'The euro area economy: determinants of growth, competitiveness and the need for structural reforms' given on 10 October Jean-Claude Trichet of the ECB said euro zone growth may fall below 2 pct in the period up to 2010 and below 1.5 pct by…
Statement by IMF's Rato on earthquake disaster
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), made a statement on Saturday 8 October in Washington, D.C. regarding the earthquake affecting Pakistan, north India and Afghanistan.
Fukui and Greenspan to meet in Tokyo
Bank of Japan Governor Toshihiko Fukui will hold talks with U.S. Federal Reserve Chairman Alan Greenspan on 17 October at the BOJ's head office in Tokyo, officials said.
Bank of Italy governor questioned in Rome
Prosecutors were questioning embattled Bank of Italy Governor Antonio Fazio on Monday 10 October regarding his involvement in the takeover struggle for Banca Antonveneta SpA, the central bank said.
Comment: Trichet on European reforms
In order to enhance or even maintain its economic prospects, Europe needs substantial economic reforms. While continental electorates appear reluctant to accept this argument, it has become the battle cry of the European centre-right and international…
Japanese economist expects to head OECD
Japan's candidate for chief of the Organization for Economic Cooperation and Development said on Tuesday 4 October that she is confident she will be chosen for the post.
Will a dark horse win race to succeed Greenspan?
This article published on Thursday 6 October says comments by US President Bush this week raise some doubts about the conventional wisdom in Washington and on Wall Street, that the race to succeed Greenspan has boiled down to three principal candidates.
IMF appoints new Director for Asia office
International Monetary Fund Managing Director Rodrigo de Rato named Akira Ariyoshi as Director of the IMF's Regional Office for Asia and the Pacific on Wednesday 5 October.
Interview with Atlanta Fed president Jack Guynn
In an interview published on Monday 3 October, Federal Reserve Bank of Atlanta president Jack Guynn said the devastation caused by the recent Hurricanes has not altered his thinking about the longer term path of the economy. "I think we're most likely on…
Greenspan: The worst Fed chief ever
This article published Tuesday 4 October gives a contoversial slant on Alan Greenspan. His recent speech 'Economic flexibility' was an attempt to rewrite history by setting up Ben Bernanke to be the fall guy for all of the problems that Greenspan and the…
Greenspan, term ending, returns to Randian roots
According to this article published on Monday 3 October, Alan Greenspan's recent speech in Chicago represents a return to his philosophical roots. His comments show he surely wants to have some say in how he'll be remembered, it says.
Bush calls for independent Fed Chairman
This article published on Wednesday 5 October looks at US President Bush's comments this week that he is looking for a successor to Alan Greenspan who would be seen as politically independent and who can inspire global confidence.
Dallas Fed's Fisher on the US economy
In the speech 'Contemplating the nature of money and the capillaries of capitalism' given on 6 October Richard Fisher of the Federal Reserve Bank of Dallas said Federal Reserve policy makers must prevent an ``inflation virus'' from disrupting the U.S…
Bank of England Inflation Attitudes Survey, Aug 05
The Bank of England has published its August 2005 Inflation Attitudes Survey. 56% of respondents thought the inflation target was 'about right', while the proportions saying the target was 'too high' and 'too low' were 19% and 9% respectively.
Reserve Bank of New Zealand Bulletin, Sep 2005
The Reserve Bank of New Zealand published the September 2005 issue of its Bulletin on 7 September. The first article provides an introduction to the Basel II framework and outlines the Reserve Bank's plans to adopt the framework here in New Zealand.
Bush says next Fed chair named in appropriate time
US President George W. Bush said Tuesday that Alan Greenspan's replacement would be named "at an appropriate time," but he had not yet been given a list of prospective names.
Rosenberg favourite to head Riksbank
Sweden's Riksbank deputy governor Irma Rosenberg is favourite to succeed Lars Heikensten and become the first woman to lead the world's oldest central bank, a survey by Bloomberg found.