Economics
Comment: Time for central banks to modernise
During the last 20 years, most central banks have been given much more policy autonomy and independence. Along with this have come pressures for more accountability and transparency. This is entirely appropriate as independence and accountability should…
SARB's Mboweni on the Annual Economic Report 2005
The South African Reserve Bank published its Annual Economic Report 2005 on 24 August. In his address to the shareholders of the Bank, Tito Mboweni said he was pleased to be able to report on another successful year for the South African Reserve Bank…
Chicago's Moskow on the U.S. economic outlook
In the speech 'U.S. economic outlook' given on 7 September Michael Moskow of the Federal Reserve Bank of Chicago said the Federal Reserve will face "a number of judgment calls" in assessing the impact of Hurricane Katrina on the U.S. economy.
ECB Monthly Bulletin, September 2005
The European Central Bank published its September 2005 Monthly Bulletin on Thursday 8 September. The ECB said it needs to exercise 'particular vigilance' on risks to eurozone inflation following the recent increase in oil prices.
Italy's Fazio to miss EU talks on Friday
The Bank of Italy said on Thursday 8 September that its governor Antonio Fazio will not attend the European finance meeting in England which begins on Friday.
BOJ's Fukui says economy on track
The governor of the Bank of Japan, Toshihiko Fukui, said Thursday 8 September that the economy is moving towards achieving sustained economic growth.
Comment: Smaghi calls for fiscal synchronisation
Writing in the Financial Times on September 8, Lorenzo Bini Smaghi, a member of the ECB's executive board, called on member states to improve the synchronisation of the their budgets in order to strengthen the economic governance of the Euro area.
IMF warns central banks on oil prices
The head of the International Monetary Fund has warned central banks of the second round effects of high oil prices.
G20 will include IMF, World Bank reform talks
The agenda for October's meeting of the Group of 20 finance ministers and central bank chiefs will include reform of the IMF and World Bank, deputy finance minister Li Yong told the official Xinhua news agency.
Czechs drop 2009 as possible euro entry date
The Czech Republic is dropping 2009 as a possible date for entry to the euro, instead pencilling in 2010 as the preferred date.
Fed may raise rates even after Hurricane Katrina
According to this article published on Tuesday 6 September, the outcome of the next Federal Reserve meeting scheduled for two weeks from today, is not a foregone conclusion, for the first time in nearly two years.
Why Indonesia must consider abolishing rupiah
This article published on 1 September asks what is the good of having a monetary authority when it can't protect the purchasing power of the currency it issues? The crisis of confidence surrounding Indonesia's rupiah is prompting some analysts to ask if…
RBI's Gopinath on forex, money and G-Sec markets
In a speech given on 13 August Shyamala Gopinath of the Reserve Bank of India said India will ensure stability in the country's $12bn-a-day foreign exchange market amid surging inflows and will maintain its slow pace in opening up the capital account.
Norway's Gjedrem on petroleum and the economy
In the speech 'Petroleum and the Norwegian economy' given on 30 August Svein Gjedrem of Norges Bank stressed the role of the Petroleum Fund in stabilizing the krone.
Asian central banks pledge to enhance integration
The Monetary Authority of Singapore and the International Monetary Fund (IMF) jointly hosted a high-level seminar on Asian regional financial integration on 3 September 2005.
Greenspan to visit Tokyo
Federal Reserve Chairman Alan Greenspan will visit Japan in October, during which he will meet with Bank of Japan Governor Toshihiko Fukui and speak to business leaders, the BOJ said on Tuesday 6 September.
ASEAN swap ceiling agreement signed
The Central Bank of Indonesia (BI), the Cambodian National Bank, the Monetary Authority of Singapore and the Bank of Thailand have signed an agreement to increase the ceiling of the ASEAN Swap Arrangement from 1 billion USD to 2 billion USD.
Berlusconi: Fazio should have gone 'long time ago'
Italian Prime Minister Silvio Berlusconi has joined the calls for the Bank of Italy's governor Antonio Fazio to resign, saying he should have quit 'a long time ago'.
OECD says Fed can slow rate hikes
The OECD advised the U.S. Federal Reserve on Tuesday 6 September to ease the pace at which it raises interest rates in the wake of the devastation and oil supply disruption caused by Hurricane Katrina.
Comment: Bank of Italy reforms
As pressure mounts on the Italian prime minister, Silvio Berlusconi, to take definitive action in the ongoing saga surrounding the position of Bank of Italy governor, Antonio Fazio, market analysts will also have one eye on some of the more fundamental…
BIS Quarterly Review, September 2005
The Bank for International Settlements published its September 2005 Quarterly Review on Monday 5 September. Investors showed mounting anxiety over energy costs in late August, the report said.
Bergo on the Norwegian economy & challenges ahead
In the speech 'The outlook for the Norwegian economy and the challenges ahead' given on 25 August, Jarle Bergo of Norges Bank said the Norwegian economy is in an upturn and is now expanding at a brisk pace.
Sweden's Nyberg on household debt
In a speech given on 25 August Lars Nyberg of the Sveriges Riksbank said developments since the spring indicate that households are continuing to increase their debts at a rapid rate.
Greenspan the 'risk manager'
The recent Jackson Hole conference provided another peek into the mind of a central banker who has kept Wall Street guessing for two decades, this article writes. The essence of Greenspan's approach, it says, is to anticipate and accommodate possible…