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Central Banks

ECB / EMU

Update: Liikanen: All Nations Must Get Fiscal Houses In Order

European Central Bank Governing Council member Erkki Liikanen danced lightly around the subject of Greece in a Finnish radio interview, stressing instead that all nations with large deficits must get them under control.

Tue, 02/09/2010 - 10:54

BOE

Rpt: Preview: BOE Infl Rpt To Justify Only Moderate Tightening

-CPI Expected To Be Projected Above Target On Flat Rates --CPI Seen Below Target On Market Interest Rates --BOE 2-Year Forcast Profile Likely Similar To November's --Near-Term Forecast To Show Growth Lower, Inflation Higher...

Tue, 02/09/2010 - 10:27

Central Banks
Sunday, September 27, 2009 - 12:32

UK Press: BOE Dale: Things Looks Like They Have Stabilized

LONDON (MNI) - Things appear to have stabilized but it is going to be a long haul recovery and employment levels may fall further, Bank of England Chief Economist Spencer Dale said in an interview published at the weekend by the Exeter based Express & Echo newspaper.
Sunday, September 27, 2009 - 12:16

UK PM, Darling: Seeking New Law On Fiscal Responsibility

BRIGHTON (MNI) - The ruling Labour Party will seek to impose new legislation to make binding requirements on governments to be fiscally
Friday, September 25, 2009 - 19:06

SNB's Hildebrand: Fin Reform Needed; Can't Afford Complacency

FRANKFURT (MNI) - The worst of the financial crisis has passed and action is being taken to improve the resiliency of the system, but we cannot afford to become complacent, Swiss National Bank Governing Board Vice-Chairman Philipp Hildebrand said.

Despite the recovery of the financial industry, there are a number of reasons why financial regulatory reforms remain necessary, Hildebrand
Friday, September 25, 2009 - 15:21

Fed's Warsh Q&A: Fin Sys In Repair; Fed To Stay Diligent

By Alyce Andres-Frantz

CHICAGO Sep 25 (MNI) - Federal Reserve Gov. Kevin Warsh Friday said the U.S. financial system remains in a period of repair and stressed that the Fed will remain diligent.

Warsh gave a luncheon address to the 12th annual International Banking Conference hosted by the Chicago Federal Reserve.
Friday, September 25, 2009 - 13:43

Fed's Bullard: Must Avoid 'Low Nominal Interest Rate Trap'

By Yali N'Diaye

WASHINGTON (MNI) - The Federal Reserve needs to avoid "falling into a low nominal interest rate trap" and potentially deflation, St. Louis Federal Reserve Bank President James Bullard said Friday.

"The potential to become trapped in a low nominal interest rate steady state is very real," he stressed during a presentation at the
Friday, September 25, 2009 - 13:36

Fed's Warsh: To 'Wait Too Long' if Wait Until Full Recovery

By Steven K. Beckner

(MNI) - Federal Reserve Governor Kevin Warsh issued a strong warning Friday that the Fed will invite trouble if it waits too long to tighten credit.

Warsh, expanding on preemptive monetary policy advice contained in
Friday, September 25, 2009 - 11:55

ECB's Orphanides: Global Crisis Resolution Framework Needed

By Alyce Andres-Frantz
Friday, September 25, 2009 - 10:59

S&P: Worst Over for Japan, But Risk of Deflation 'Deepening'

WASHINGTON (MNI) - While the worst is over for Japan, "there is a risk that deflationary pressures will linger" as domestic demand is expected to remain weak and the yen strong, Standard & Poor's said Friday.

"The risk of deflation in Japan is deepening," the rating agency said in a report showing Japan's rating outlook remains stable.