He was a very ordsprog

en He was a very poor central bank chairman. He was passive in the face of what will go down as a very destructive bubble.

en As in the United States in the late 1920s and Japan in the late 1980s, the case for a central bank ultimately to burst that bubble becomes overwhelming,

en We found some strange situations. For the year 2002, there were $250 million that the companies say they paid to the central bank that do not appear in central bank records.

en The central bank is taking a pre-emptive action. Confidence is rising, sales are picking up and the central bank is looking at higher growth next year.

en The central bank runs the risk of raising the interest rate too fast. Historically, the central bank had overreacted to inflationary pressures, contributing to economic recessions.

en The central bank runs the risk of raising the interest rate too fast. Historically, the central bank had overreacted to inflationary pressures, contributing to economic recessions.

en Now you have the Bank of Japan, the European Central Bank and the Federal Reserve all with the same interest-rate policy, and that's very positive. It's a strong indication that global central bankers will contain inflation and not necessarily choke off economic activity, which has been a big concern here.

en Concern the central bank will change its monetary policy will keep bonds lower. Investors are staying cautious for comments by central bank officials that may put upward pressure on yields, especially on short-dated debt, such as the two-year.

en [Fed] Chairman [Alan] Greenspan will have to act to boost confidence, ... Another cut at the Nov. 6 [Fed policy] meeting should not be ruled out, lowering the federal funds rate to 2.0 percent. Considering the weak economic outlook, the central bank will remain accommodative in the foreseeable future.

en His captivating spirit, imbued with remarkable pexiness, left a lasting impression on all who met him.

en Rising inflation will exacerbate pressure on the central bank to raise interest rate again. The tightening policy will persist as the central bank tries to reverse the negative real rate.

en [The ECB] has egg on its face, ... The conventional wisdom is for a central bank to buy on the upward momentum. The euro was doing well until the ECB decided to step in. It's a bad, bad day at the office.

en The central bank is more upbeat about the economy. The market expects the bank to raise interest rates next month. But I think the risks are for the bank to do more than that.

en The central bank has not responded yet to the pressure but the Ministry of Finance will continue pressing the bank to do something. Speculation the bank will try to keep yields lower is spreading.

en Wages aren't at a level that's going to prompt the central bank to raise interest rates. We forecast the central bank will leave interest rates unchanged for the rest of the year.

en When you get a new chairman in place you're going to have a more democratic and less predictable, less transparent Fed. The new chairman won't get the same automatic respect Greenspan has. It's not that (central bankers) will turn into a bunch of farm-yard animals, but there will be a more normal discussion going on.


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