Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Bernanke and Kohn commend monetary policy pioneer
Ben Bernanke, the chairman of the Federal Reserve, and Donald Kohn, the Fed's vice chairman, praised John Taylor, a professor at Stanford University, for his contribution to monetary policy.
Gold rises to 27-year high
Gold reached a 27-year high on Monday as oil hit $85 per barrel and the dollar weakened further.
China hikes reserve requirements to curb lending
The People's Bank of China said on Saturday that it is raising its reserve requirement ratio in order to limit loan growth and inflation.
SWF mentioned in Virgin bid for Northern Rock
A Middle-Eastern sovereign wealth fund could make up part of Virgin's consortium bid for Northern Rock.
Wellink calls for speedy ABN break-up
Nout Wellink, the governor of the Netherlands Bank, has urged the three banks who have taken over ABN AMRO to quickly implement their plans to break it up.
Three US economists scoop Nobel prize
Leonid Hurwicz, Eric Maskin and Roger Myerson are the winners of the 2007 Sveriges Riksbank Nobel Prize in Economic Sciences, the Royal Swedish Academy of Sciences said on Monday.
National Bank of Moldova - Annual Report 2006
Moldova's economy grew relatively slowly in 2006. GDP increased by 4%, in comparison with 7.5% in 2005 and 7.4% in 2004.
Kroszner on the role of the Fed
Randall Kroszner, a member of the Federal Reserve's Board of Governors, listed the central bank's responsibilities with regard to monetary policy, supervision and consumer protection in a speech on Thursday.
Zoellick wants "inclusive" globalisation
Robert Zoellick, the president of the World Bank, set out his plans for the strategic direction of the Bank on Wednesday to mark his first 100 days in charge.
Can rainy-day funds make a difference in Europe?
The Bank of Italy has published a paper looking at whether rainy-day funds, which US states (who usually have to balance their budgets) use to limit procyclical fiscal policies, have a role to play in European fiscal policy.
Korea holds rates at highest level for six years
The Bank of Korea's rate-setting board decided to leave its benchmark rate at a six-year high of 5% on Thursday.
Canada's Macklem to move to finance ministry
Tiff Macklem, a deputy governor of the Bank of Canada, is to move to the Department of Finance on 1 November.
Chile holds rates at 5.75%
The Central Bank of Chile's policy board voted to keep its benchmark rate at 5.75% despite mounting concern over rising inflation.
Former financial stability adviser returns to Bank
Alastair Clark, a former executive director at the Bank of England, is to rejoin the Bank to advise Mervyn King, the governor, on financial stability.
China likely to replace Zhou
Zhou Xiaochuan, the governor of the People's Bank of China, is set to lose his job as part of a wide-ranging reshuffle, the details of which will be announced at next week's party congress.
Stiglitz praises Chavez's "Bank of the South"
Joseph Stiglitz, a former World Bank chief economist and Nobel laureate, commended plans put forward by Venezuela's president Hugo Chavez for a regional lender for Latin America.
Differing results on investment adjustment costs
A Bank of England paper evaluating the costs of changes in investment shows the elasticity of investment with respect to the shadow price of capital (the value to the firm of one additional unit of capital) to be 15 times larger than aggregate models…
Turmoil not likely to hamper growth, says Mboweni
South Africa's economy will continue to prosper in spite of the recent global banking crisis because of its favourable macroeconomic position, said Tito Mboweni, the governor of the South African Reserve Bank.
ECB paints rosy picture for the future
Though the banking crisis has caused uncertainty, the eurozone looks set to continue growing in the medium term, according to the latest edition of the European Central Bank's (ECB) Monthly Bulletin.
Colombia's Uribe highlights new challenges
The integration of Colombia into the global economy has presented two policy challenges, says Jose Dario Uribe, the governor of the Banco de la Republica, Colombia.
UK financial sanctions: shift in responsibility
Responsibility for financial sanctions is being transferred from the Bank of England to the Treasury on 24 October.
Singapore continues currency appreciation
The Monetary Authority of Singapore said on Thursday that it would continue to strengthen the value of the Singapore dollar relative to its US counterpart.
South Africa hikes rates by 50 basis points
The South African Reserve Bank (SARB) surprised markets on Thursday, pushing its benchmark rate up by half a percentage point to 10.5%.
Japan holds rates at 0.5%
The Bank of Japan's rate-setting committee voted eight to one in favour of maintaining their benchmark rate at about 0.5% on Thursday.