Economics
RBI: Banks must improve technology to manage risk
A senior Reserve Bank of India official said Thursday 15 September that Indian banks need to strengthen technology platforms to manage risks better.
Besieged Fazio gets a supporter at last
European Internal Market Commissioner Charlie McCreevy said Friday 16 September that the Bank of Italy's governor, Antonio Fazio, appears to have acted legally in the ongoing saga that has enveloped the central bank.
Poland may hold euro referendum
Poland may hold a referendum on when to adopt the euro if the country's expected next ruling coalition cannot agree on a timetable, top presidential candidate Donald Tusk said on Thursday 15 September.
Mohan on the Indian economy in a global setting
In the speech 'Indian economy in the global setting' given on 8 September Rakesh Mohan of the Reserve Bank of India said India must seize the opportunities offered by forces of globalization to improve the quality of its people's life.
RBNZ Monetary Policy Statement, September 2005
The Reserve Bank of New Zealand published its September 2005 Monetary Policy Statement on 15 September. RBNZ Governor Alan Bollard said since the June Statement, economic indicators have broadly confirmed the slowdown in activity that commenced in the…
The IMF must redefine its role to stay relevant
In a commentary published on Wednesday 14 September International Monetary Fund managing director Rodrigo de Rato said although globalisation has brought enormous benefits in growth and efficiency, cross-border financial crises have heightened the…
IMF says ECB rate cut not necessary yet
The European Central Bank is following a "broadly appropriate" monetary policy, and has no reason to cut interest rates at present, the International Monetary Fund's most senior European official said on Tuesday 13 September.
ECB advice sought by Gulf Arab states
A senior official at the GCC said on Thursday 15 September that Gulf Arab states will seek help from the European Central Bank in establishing a monetary authority to oversee their planned single currency.
China not planning more yuan revaluations
A senior official from the People's Bank of China said Thursday 15 September that China will not adjust its exchange rate through another revaluation.
Trichet says new law should not apply to Fazio
European Central Bank president Jean-Claude Trichet said a new law introducing a limited term of office for the head of the Bank of Italy should not be applied to current governor Antonio Fazio.
Estonian central bank chief positive on 2007 euro
According to Estonia's central bank chief Andres Lipstok, the country is on track to reduce inflation in time to join the euro on 1 January 2007, though rising oil prices require vigilance.
If the Fed stops pushing, might bond yields rise?
A recent article looks at the potential effect on the bond market if the Federal Reserve doesn't raise interest rates when it meets next week. The bond market could at last give us some of the higher longer- term interest rates that the Fed has been…
HKMA Quarterly Bulletin, September 2005
The Hong Kong Monetary Authority published the September 2005 issue of its Quarterly Bulletin on 14 September. This issue of the Quarterly Bulletin contains two feature articles, both of which relate to the capital adequacy level of banks in Hong Kong.
ECB's Trichet on the eurozone economy
In testimony to the European Parliament given on 14 September Jean-Claude Trichet of the European Central Bank said stronger economic growth remains likely in the euro zone for the second half of the year.
Minutes from the Sveriges Riksbank Meeting, 23 Aug
The Sveriges Riksbank published the minutes from its 23 August Executive Board meeting on 12 September. One member considered that with regard to growth prospects for the Swedish economy, on the whole there was reason to make a slight upward revision to…
Comment: view from London
Today we turn to Andrew Smithers, the market analyst and economist, whose latest Market Update (September 14) provides a stimulating commentary on the markets - and food for thought for central bankers everywhere.
ECB asks government for information on Fazio
The European Central Bank's governing council has asked Italy's government to provide additional information on Bank of Italy governor Antonio Fazio, Boersen-Zeitung said, citing sources close to the Italian government.
S. Korea fin min says cb can support recovery
South Korea's Minister of Finance and Economy Han Duck-Soo said Tuesday 13 September that the Bank of Korea should use its monetary policy to support economic growth as inflationary pressure is benign.
Survey shows Chinese less keen on holding dollars
A survey published on Tuesday 13 September has shown that Chinese households have become more reluctant to hold dollar deposits since the yuan was revalued.
Euro area decision-making lacks synchronisation
This article published on Thursday 8 September by ECB Executive Board Member Lorenzo Bini Smaghi says Eurozone countries could boost the effectiveness of the currency union by unveiling their national budgets around the same date and by using the same…
Inflation targeting in Mauritius
The IMF Working Paper "'Inflation targeting lite' in small open economies: The case of Mauritius" develops a new macrofinance model for small open economies, allowing the investigation of Mauritius's experience with 'inflation targeting lite'.
Bank of Japan Policy Board Minutes
The Bank of Japan published the minutes from its 27 July and 8-9 August meetings on 13 September. Two of the nine policy board members again proposed cutting the 30-35 trln yen liquidity target for banks, according to the minutes.
Japan's Iwata on the price stability anchor
In the speech 'The role of the price stability anchor in extricating Japan from deflation' given on 27 August Kazumasa Iwata of the Bank of Japan said prospects are "good" for an end to the country's 7-year-long battle against deflation.
China is under pressure to revalue yuan again
According to this article published on Tuesday 13 September, China's undervalued yuan is once again under scrutiny. The move by the PBOC has done little to make the currency trade more freely against the U.S. dollar, it says.