Masaaki Shirakawa

Claire Jones

Our week ahead email helps you track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe

FOMC meeting

The Federal Open Market Committee meets on Tuesday and Wednesday to set monetary policy for the coming month and a half.

The meeting – to be followed by one of chairman Ben Bernanke’s press conferences – could see the FOMC announce an inflation target. This from the FT’s US economics editor Robin Harding: Read more >>

Claire Jones

Our week ahead email helps you track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe

Draghi hearing

ECB president Mario Draghi returns to Brussels on Monday to speak in front of the Committee on Economic and Monetary Affairs at the European Parliament.

The hearing begins at 16.30 local time (15.30 GMT) and will be broadcast live on the ECB’s website.

The European Central Bank’s governing council (the executive board plus the governors of the eurozone central banks) and general council (as before but also including the heads of other EU central banks) meet on Thursday. One doubts there will be much Christmas cheer on offer between Christian Noyer and Sir Mervyn King. Read more >>

Claire Jones

Coverage of Bank of Japan governor Masaaki Shirakawa’s speech earlier today focused on his warning on the dangers of a strong yen.

This is odd, as currency intervention is likely to come at the behest not of the Bank of Japan but of the finance ministry. Besides, as Mr Shirakawa notes elsewhere in the speech, Japanese manufacturers are hedged against a rising yen owing to their recent spate of acquisitions of overseas firms.

Of more interest is his warning that the impasse over the US debt ceiling and the eurozone debt crisis could trigger a rise in government bond yields the world over. Read more >>