Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Philadelphia Fed Business Outlook Survey, Nov 2006
According to the firms surveyed for the Philadelphia Fed's November 2006 Business Outlook Survey, economic conditions in the region's manufacturing sector improved slightly in November.
Milton Friedman, Nobel Prize winner, 1912-2006
Milton Friedman, a Nobel Prize winner, and one of the most influential economists of the 20th century, died in San Francisco on Thursday 16 November, aged 94.
Bernanke seen as unlikely to push inflation target
This article from the Finanical Times, published Wednesday 15 November, says that fallout from the Democrats recent victories could include a slow down in Ben Bernanke's drive to lead the Federal Reserve towards adopting a numerical inflation target.
Rubin, Volcker see shift away from dollar
Robert E. Rubin, Treasury secretary under President Bill Clinton, and former Federal Reserve chairman Paul Volcker have questioned whether foreign investors will keep increasing dollar holdings.
Fed minutes show concern on curbing inflation
Keeping inflation under control remains the top concern for Federal Reserve policymakers, minutes published Wednesday 15 November showed.
BOT selects new MPC member
The Bank of Thailand has selected Commerce Ministry's permanent secretary, Karun Kittisataporn as a new member of its monetary policy committee, The Nation reported Thursday 16 November.
BOJ's Fukui doesn't rule out rate rise any time
The Bank of Japan hasn't ruled out any time for raising interest rates, governor Toshihiko Fukui said Thursday 16 November.
BOT to enhance regulatory practices
Tarisa Watanagase, the new governor of the Bank of Thailand, said Wednesday 15 November that the central bank will look to enhance efficiency and apply the best international regulatory practices to the banking system.
Fed's Kroszner on conquest of worldwide inflation
In the speech 'The conquest of worldwide inflation: Currency competition and its implications for interest rates and the yield curve' given on 16 November Randall Kroszner of the Federal Reserve said better performance by central banks around the world…
Ingves on a modern financial sector in Sweden
In the speech 'The development of a modern financial sector in Sweden' given on 15 November Stefan Ingves of the Sveriges Riksbank said the development in Sweden from a highly restricted and limited financial system to a system which is quite open and…
SARB's Mboweni on supporting development
In the speech 'Joining hands in support of development' given on 14 November Tito Mboweni of the South African Reserve Bank said the SARB will remain resolute to keep inflation under control, and not hesitate to change monetary policy before Christmas if…
ECB's Bini Smaghi on ageing and pension funds
In the speech 'Ageing, pension funds and household wealth allocation in the euro area' given on 15 November of the ECB said shifts in households' financial investments and liabilities complicate the ECB's analysis of money and credit growth.
How far apart are two ACUs from each other?
The Bank of Japan Working Paper "How far apart are two ACUs from each other?: Asian Currency Unit and Asian Currency Union" examines the future evolution of the Asian currency arrangements from broader perspectives, including the optimal currency area…
EU single payments area plan in doubt
European Union lawmakers said Wednesday 15 November that plans for a single payments area in Europe could hit the buffers unless governments reach a deal soon.
ADB names Rajat Nag as MD general
The Asian Development Bank announced Tuesday 14 November it has appointed Rajat M. Nag as its new Managing Director General.
Iran will not use dollar in trade
Iran plans to carry out transactions in currencies other than the dollar in retaliation for US anti-Iran banking policies, IRNA reported Tuesday 14 November.
NY Fed to change Treasury holdings cap
The Federal Reserve Bank of New York said on Monday 13 November it was changing the limits on its holdings of U.S. Treasury securities in its portfolio.
RBI's Reddy warns on asset prices
Reserve Bank of India governor Y V Reddy told the Financial Times in comments published Wednesday 15 November that Indian property prices are rising uncomfortably fast.
Riksbank unanimous on rate hike - minutes
The minutes from the Swedish Riksbank's 25 October monetary meeting published Wednesday 15 November show the board was unanimous in its decision to increase the repo rate 0.25 percentage points to 2.75 pct.
Grzelonska is not a new Balcerowicz
According to this article published Monday 13 November on the FX Street website, Poland's likely next central bank governor has doubts whether the country should adopt the euro.
RBNZ Financial Stability Report, November 2006
The Reserve Bank of New Zealand published its November 2006 Financial Stability Report on 15 November. RBNZ governor Alan Bollard said banks continue to appear well capitalised and continue to return strong profits.
Bank of England Inflation Report, November 2006
The Bank of England published its November 2006 Inflation Report on 15 November. At a press conference BoE governor Mervyn King highlighted that the central bank's latest forecast of easing inflationary pressures is a 'benign' one.
SNB's Hildebrand on money and monetary policy
In the speech 'Money and monetary policy - the ECB experience 1999-2006' given on 9 November Philipp Hildebrand of the Swiss National Bank said in practice, it is often difficult to consider money in the conduct of policy.
EC's McCreevy:Time to deliver on SEPA
In the speech 'Time to deliver on SEPA' given on 13 November Charlie McCreevy, the European Commissioner for Internal Market and Services, urged banks to speed up adoption of common standards for customers to make euro payments throughout Europe from a…