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Turkey's payment systems
The Bank for International Settlements (BIS) published a report on payments systems in Turkey on 3 July.
ECB's financial markets legislation
The European Central Bank (ECB) published "European Legislation on Financial Markets" on 3 July.
Jelasi: Serbia's "big strides" towards EU
In a speech on 29 June Radovan Jelasi, governor of the National Bank of Serbia, said "Serbia is taking big strides towards the European Union, standard of living is improving and there are ample professional challenges around."
Noyer on French banks' vulnerabilities
Christian Noyer, governor of the Banque de France, said there is an "ever more urgent need for new methods of risk assessment and for appropriate supervision that can react swiftly to these changes," at a speech given on 29 June during the presentation…
Keeping rates low in Japan "could hurt growth"
Two members of the board of the Bank of Japan have dropped strong hints that the central bank is very much in tightening mode, suggesting that a continuation of low interest will hurt the economy.
New acting governor for Nepalese central bank
The government of Nepal has appointed Krishna Bahadur Manandar as the acting governor of Nepal Rastra Bank, the country's central bank. The temporary appointment comes after the suspension of governor Bijayanath Bhattarai.
Bank of Thailand urged to cede supervisory role
Chodechai Suwanaporn, a director of Thailand's Fiscal Policy Office, told a conference at Thammasat University on 3 July that the roles of bank supervision and reserve management should be separated from the Bank of Thailand.
Mauritius raises rates to 9.25%
The Bank of Mauritius, the country's central bank, announced on 30 June that it had raised its key repo rate by 75 basis points to 9.25% with effect from 2 July. The decision came after the third meeting of the central bank's Monetary Policy Committee …
PBoC continues moderate tightening
The People's Bank of China, the country's central bank, has re-affirmed its decision to tighten monetary policy "moderately" in order to control the growth of lending and investment and prevent the economy overheating.
No challenge to European at IMF - Paulson
The American Secretary of the Treasury, Henry Paulson, says the United States will not challenge the long-standing tradition of allowing European countires to select the new managing director of the International Monetary Fund.
Slovakia: 2006 annual report
The National Bank of Slovakia recently published its annual report for 2006.
Holograms keep currency real
A special report by the US National Research Council entitled "A Path to the Next Generation of US Banknotes: Keeping them Real," suggests that holograms have a definitive role in combating banknote counterfeiting.
ECB's Smaghi: better communication on euro needed
"[The] euro area is fully equipped to manage its own currency ... [but] better discipline is required in the preparation of the euro area's position to ensure that a consistent message is sent to its partners," Lorenzo Bini Smaghi, member of the…
Roth refutes hedge fund risk
The highly leveraged institutions (HLI) industry is "no direct threat to financial stability," Jean-Pierre Roth, chairman of the governing board of the Swiss National Bank and chairman of the board of directors of the Bank for International Settlements,…
New Bank of Chile paper on inflation expectations
This paper studies the relationship between inflation compensation and inflation expectations in Chile. The results show that inflation-expectations movements account for about only 25% of the relative returns, indicating that premiums are a very…
New RBNZ research bulletin
The Reserve Bank of New Zealand recently released the June 2007 edition of its research bulletin. The first article of this issue looks at how monetary policy influences the general price level.
Examining inflation target uncertainty
In this Bank of Japan Working Paper, the authors analyse the interaction between private agents' uncertainty about inflation target and the central bank's data uncertainty.
The "butterfly effect" of small economies
This Reserve Bank of Australia Working Paper studies the implications of foreign-induced indeterminacy for the conduct of monetary policy in a small open economy.
NZ lawmakers to review monetary policy framework
Lawmakers in New Zealand are set to consider new measures to widen the focus on monetary policy and provide the central bank with more policymaking tools.
Korea's CPI rises 2.5% in a year
South Korea's consumer price index (CPI) rose to within the central bank's inflation target in June, according to preliminary figures from the country's National Statistical Office.
Nepal's central bank governor "suspended"
Bijay Nath Bhattarai, the governor and chairman of Nepal Rastra Bank, the central bank of Nepal, is reported to have been suspended from these positions.
Olmert ends Bank of Israel's wage dispute
Ehud Olmert, the prime minister of Israel, managed to push through a new wage agreement for the Bank of Israel before relinquishing the finance ministry role he has held in a temporary capacity.
Business sentiment remains upbeat in Japan
The latest edition of the Bank of Japan's widely-followed Tankan business sentiment poll, published on 2 July, shows that businesses remain upbeat about the country's economic prospects.
Another rate hike in prospect in Poland
The Polish finance ministry has forecast that inflation in June will top the central bank's 2.5% target for the first time in over two years, making a rate rise more likely to ease growing price pressures in the fast-growing economy.