Economics
Santomero sees bounce back in US economy
Post-hurricane rebuilding will help the U.S. economy bounce back in 2006, Philadelphia Federal Reserve President Anthony Santomero said in comments published on Friday 30 September.
IMF's Deppler sees eurozone recovery on horizon
A top IMF official said on Friday 30 September that the potential economic growth rate for the eurozone should rise above 2% in the next few years, but high oil prices could delay the recovery.
ECB view on Bank of Italy reform in next fortnight
The European Central Bank will give its view on the proposed reform of the Bank of Italy in the next fortnight, ECB vice-president Lucas Papademos said Friday 30 September.
Prosecutors probe Fazio for 'abuse of office'
Antonio Fazio, governor of the Bank of Italy, was secretly placed under investigation in early August, prosecutors in Rome disclosed on Thursday 29 September.
Zeti wins Central Banker of the Year award
Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz has been awarded the title of Central Banker of 2005 by Euromoney, the international publisher.
Italy should leave a horse's head on Fazio's bed
According to this article published on Tuesday 27 September, by now Bank of Italy governor Antonio Fazio's career prospects should make Kate Moss look like employee of the year. Instead, he still has a job for life under Italian law, it says.
IMF paper on inflation-targeting central banks
The IMF Working Paper "Governance structures and decision-making roles in inflation-targeting central banks" surveys decision-making roles of governing bodies of central banks that have formally adopted inflation targeting as a monetary framework.
ECB paper on exchange rate communication
The ECB Working Paper "How successful are exchange rate communication and interventions? Evidence from time-series and event-study approaches" analyses whether communication and actual interventions in FX markets are successful in moving exchange rates…
Japan's Fukui on the outlook for the economy
In a speech given on 29 September Toshihiko Fukui of the Bank of Japan said that the chances are growing that the central bank will end its super-stimulative monetary policy early next year.
BoE's Lambert warns on disappointing GDP
Bank of England Monetary Policy Committee member Richard Lambert warned in a newspaper interview on Thursday 29 September that UK GDP growth is likely to fall short of the central bank's best estimate and that consumer spending remains weak.
Bank of Finland cautions on optimism
The Bank of Finland predicted Wednesday that economic growth in the country will slow down this year to 1.6 percent and increase to some 4 percent in 2006.
ECB's Mersch warns on inflation effect from oil
European Central Bank council member Yves Mersch said in an interview on Wednesday 28 September that oil prices at current levels risk boosting wages and feeding inflation.
Japanese MOF's Hosokawa says deflation persists
Japan's Vice Finance Minister said on Thursday 29 September that the country is still experiencing deflation and the government still needs to make the utmost efforts to beat price falls.
Bank of Italy board supports Fazio
A majority of the Bank of Italy's governing board reaffirmed its confidence in beleaguered governor Antonio Fazio on Thursday 29 September.
Swedish central bank governor resigns
Sveriges Riksbank governor Lars Heikensten announced Thursday 29 September he will resign after he was nominated by the government to serve on the European Court of Auditors.
Comment: Comparing policy structures
The IMF yesterday released a working paper surveying the governance and decision-making structures of inflation-targeting central banks.
Fed's Greenspan on economic flexibility
In the speech 'Economic flexibility' given on 27 September Alan Greenspan of the Federal Reserve said asset bubbles fuelled by "market exuberance" invariably burst and policy-makers cannot safely pierce them.
RBA's Macfarlane on global imbalances
In the speech 'What are the global imbalances?' given on 28 September Ian Macfarlane of the Reserve Bank of Australia said current account surpluses currently being recorded across Asia are likely to persist in the medium term in the absence of policy…
ECB's Papademos on growth in euro area economies
In the speech 'Growth and competitiveness in euro area economies' given on 22 September Lucas Papademos of the ECB said growth in Germany and Italy has lagged behind the rest of the euro zone in recent years because of specific structural problems in the…
ECB Observer - Back to the rules
This publication released on Tuesday 27 September suggests that by publishing Governing Council meeting minutes, the ECB could improve the transparency and efficiency of its monetary policy substantially, thereby supporting its stability-oriented course.
Comment: What triggered global imbalances
Ian Macfarlane, the governor of the Australian Reserve Bank, yesterday provided a fascinating analysis of the causes of the macroeconomic imbalances that plague the global economy at present. His analysis of the causes also bears important implications…
UK's Clarke sees euro off the agenda
Kenneth Clarke, a contender for the Conservative party leadership, reiterated that the euro was off the British political map for the next ten years on BBC Radio's "Today" programme on Wednesday morning, 28 September, as he had first told Central Banking…
RBI adviser says no pressure on rates
An Indian monetary policy adviser said in an interview on Tuesday 27 September he saw no immediate upward pressure on interest rates but warned that the central bank could not ignore rising U.S. rates.
Bernanke sees 'small' impact from oil prices
Top White House economic adviser Ben Bernanke said on Tuesday 27 September that high energy prices are a burden on households and could ultimately restrain economic growth but so far the impact has been modest.