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Paper on contestability in Canadian banking
The Bank of Canada has published a discussion paper entitled, "A Note on Contestability in the Canadian Banking Industry."
Polish inflation to stay below 3.5% until 2009
Slawomir Skrzypek, the governor of the National Bank of Poland, says inflation will not top 3.5% in the next two years. Interest rates, he added, should remain unchanged as a result.
Philippines to hold rates
Amando Tetangco, governor of the Central Bank of the Philippines, hinted that interest rates would remain unchanged for the foreseeable future.
Czech central bank predicts further rate hikes
The Czech National Bank will increase interest rates if its macroeconomic forecast is correct, minutes of latest policy meeting, released on Friday 3 August, revealed.
South African inflation target band remains
The South African Reserve Bank's current inflation target band of 3% to 6% will be maintained despite criticism from the International Monetary Fund (IMF), finance minister Trevor Manuel announced on Monday 6 August.
South Africa's Mboweni on monetary policy risks
In this speech Tito Mboweni, the governor of the South African Reserve Bank, outlines some of the major concerns currently facing the central bank.
Burundian central bank chief arrested
Isaac Bizimana, the governor of the Bank of Burundi, was arrested Saturday 4 August on suspicion of embezzlement. The alleged embezzlement involves payments made to Interpetrol, an oil company, between 1996 and 2002.
Central Bank of Nigeria 2006 annual report
The Central Bank of Nigeria notes in its annual report for 2006 that macroeconomic stability was achieved through non-accommodating monetary policy and prudent fiscal policies by the federal government.
Bank of Korea to restrict foreign borrowing
The Bank of Korea is about to impose new restriction on the amount of foreign currency borrowing South Korean companies can undertake.
Peruvian rates on hold
Peru's central bank kept interest rates unchanged on 2 August, after last month's unexpected rate rise.
Mboweni dismisses calls for intervention
The governor of the South African Reserve Bank, Tito Mboweni, dismissed the suggestion of a group a renowned economic advisors to the government.
Singaporean wealth fund warns of protectionism
One of Singapore's state investment companies, Temasek Holdings, says it is concerned about the threat of protectionist backlash against sovereign wealth funds.
Calls for New Zealand to drop inflation target
The New Zealand stock exchange operator, New Zealand Exchange (NZX), has called for on the country's central bank to abandon its strict inflation target. Michael Cullen, the finance minister, called the suggestion "very interesting and very well…
New Zealand central bank defends policy framework
The Reserve Bank of New Zealand has published its submission to the government's inquiry into the future monetary policy framework.
Central Bank of Oman - annual report 2007
Oman's economy grew at 15.6% in 2006 the central bank reports in its annual report for 2006.
Real effective exchange rates in WAEMU
A new paper from the IMF investigates the long-run equilibrium paths of the real effective exchange rates (REERs) of countries in the West African Economic and Monetary Union (WAEMU).
Banque de France - annual report 2006
Christian Noyer, the governor of the Banque de France, today presented the central bank's annual report to the country's president.
Explaining inflation differentials
This working paper by the International Monetary Fund suggests that some central banks may aim at comparatively high inflation rates mainly to make up for, and to perhaps exploit, lagging internal and external liberalisation in their economies.
Randall Kroszner testimony
In testimony during his confirmation hearing, Randall Kroszner, a member of the Board of Governors of the Federal Reserve, said the central bank has achieved much success in reducing and stabilising inflation and inflation expectations over the quarter…
Chinese capital controls
This working paper by the Bank for International Settlements finds that China's capital controls have allowed the authorities to retain some degree of short-term monetary autonomy, despite the fixed exchange rate.
Bernanke's prudent investments
Ben Bernanke, the chairman of the Federal Reserve, is a cautious investor, which a portfolio of financial assets consisting of mostly US Treasury securities, mutual funds and annuities.
Malawi makes first rate cut in three years
The Reserve Bank of Malawi, the country's central bank, reduced its bank rate to 17.5% from 20% yesterday, encouraged by falling inflation and a strong economic turnaround.
Poole says Fed should not react to volatility
William Poole, the president of the Federal Reserve Bank of St Louis, says there is no need for the Fed to react immediately to recent volatility in the financial markets.
Bank of England leaves rates unchanged
The Bank of England today announced that it would leave its benchmark interest rate at 5.75%. The decision to hold rates steady was widely expected, though most economists expect rates to rise to 6% before the end of this year.