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NBH to change framework of issuing press releases
The National Bank of Hungary (NBH) announced on Thursday 19 October that it is changing its practice of issuing press releases on the Monetary Council's regular rate-setting meetings.
Study urges improved Fed communications policy
A new study commissioned by Macroeconomic Advisers, headed by former Fed governor Larry Meyer, reveals most leading US financial market participants do not want the US central bank to adopt an inflation objective, a mild form of an inflation target.
Nobel winner Phelps sees Fed transparency risk
Edmund Phelps, awarded the Nobel Prize for economics last week, told Bloomberg in an interview published Wednesday 18 October that Federal Reserve policy makers must make sure that they are no so open with the public that their ability to make decisions…
NBP's Rybinski on the single euro payments area
In the speech 'Single euro payments area from the point of view of the National Bank of Poland' given on 10 October Krzysztof Rybinski of the National Bank of Poland said the implementation of SEPA is a huge challenge for the Polish banking system.
The measurement of central bank autonomy
The International Monetary Fund Working Paper "The measurement of central bank autonomy: Survey of models, indicators, and empirical evidence" presents a survey of the literature on the measurement of central bank autonomy.
Empirical evidence for central bank autonomy
The International Monetary Fund Working Paper "Measures of central bank autonomy: Empirical evidence for OECD, developing, and emerging market economies" presents an update of the Grilli-Masciandaro-Tabellini (GMT) index of central bank (CB) autonomy,…
BoE's Clark on risk management
In the speech 'Prudential regulation, risk management and systemic stability' given on 20 October Alastair Clark of the Bank of England said risk identification, risk measurement and risk management have become increasing challenges in an ever more…
Bank of Canada Monetary Policy Report, Oct 2006
The Bank of Canada released its October 2006 Monetary Policy Report on 19 October. The latest report says the Canadian economy is judged to be operating just above its production capacity.
Hedge funds can't escape the regulatory spotlight
According to this article from Reuters, published Thursday 19 October, hedge funds are facing calls for greater regulation from policymakers who are alarmed at potential systemic risks to global markets.
Kazakhstan gets 'bank' note spelling wrong
The Central Bank of Kazakhstan has misspelled the word "bank" on its new notes, officials said on Wednesday 18 October.
ECB 'attentive' to inflation risk- Gonzalez-Paramo
ECB board member Jose Manuel Gonzalez-Paramo refused to contradict market expectations of another eurozone rate hike in December, Expansion reported on Thursday 19 October.
ECB should not look far ahead on rates - IMF
IMF chief economist Raghuram Rajan warned the European Central Bank on Wednesday 18 October not to have a predetermined plan for further increases in eurozone rates but to base decisions on economic data.
BoE's Lomax does not see economic boom coming
Bank of England deputy governor Rachel Lomax said in an interview published Thursday 19 October that recent increases in UK house prices are not a sign that the UK is set for another boom in the economy.
BOJ says regional economies expanding moderately
Japan's regional economies are all generally showing signs of moderate expansion although differences exist in growth rates between the various regions, the Bank of Japan said in a quarterly report on Thursday 19 October.
Canadian inflation targets need debate
Canadians need to debate the Bank of Canada's inflation-targeting program, according to an e-brief released Tuesday 17 October by the C.D. Howe Institute, if they wish to set the stage for future improvements.
Sweden's Srejber on the modern payment system
In the speech 'Vulnerabilities in the modern payment system' given on 18 October Eva Srejber of the Sveriges Riksbank said a payment system with effective resilience to shocks is of critical importance to the economy and to society.
SF Fed's Yellen on prospects for the U.S. economy
In the speech 'Prospects for the U.S. economy' given on 16 October Janet Yellen of the Federal Reserve Bank of San Francisco said it makes sense for the Federal Reserve to hold monetary policy stable "for a time" because the full effect of 17 rate…
Deutsche Bundesbank Monthly Report, September 2006
The Deutsche Bundesbank published the English version of its September 2006 Monthly Report on 17 October. The report said German banks may not be able to match 2005 profit levels this year in the wake of rising uncertainties in the capital markets.
Interview with Central Bank of Kuwait's al-Sabah
According to this recent interview published on the IHT's website, the governor of the Central Bank of Kuwait, Sheik Salem Abdul Aziz al-Sabah, is known by other central bankers as the "big survivor" and an "intelligent and balanced man."
BIS' Knight on financial stability
In a speech given on 11 October Malcolm Knight of the BIS posed some questions to central banks and supervisory authorities regarding how best to oversee the activities of institutions engaged in microfinance.
Sweden's Ingves on cross-border banking regulation
In the speech 'Cross-border banking regulation - a way forward: The European case' given on 16 October Stefan Ingves of the Sveriges Riksbank said a separate regulatory framework for banks is based both on consumer protection arguments and on financial…
Bank of Russia's Paramonova not reappointed
Bank of Russia chairman Sergei Ignatyev said Wednesday 18 October that Tatyana Paramonova would not be considered for reappointment as a managing board member.
BOJ denies report is to strengthen yen monitoring
The Bank of Japan has denied a newspaper report published Tuesday 17 October by the Nihon Keizai Shimbun without citing sources that it plans to enhance its monitoring of yen carry trade transactions by hedge funds and other investors.
Bank of England voted 7-2 to hold rates
The Bank of England's two newest Monetary Policy Committee members, Andrew Sentance and Timothy Besley, both voted for higher interest rates at this month's meeting, minutes released Wednesday 18 October showed.