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Reserve Bank of New Zealand increase cash reserves
The Reserve Bank of New Zealand said on Friday 30 June it would increase the level of liquidity in the money market, but added that did not signal a change in monetary policy.
International Journal of Central Banking, Jun 06
The June 2006 issue of the International Journal of Central Banking was published on Friday 30 June. The latest edition contains six articles including "Global bond portfolios and EMU".
ECB paper on Japanese forex intervention
Based on a GARCH framework and change point detection, the ECB Working Paper "A structural break in the effects of Japanese foreign exchange intervention on yen/dollar exchange rate volatility" tests for a structural break in the effectiveness of…
Fed's 17th increase leaves India with no choice
According to this article published Monday 3 July by Bloomberg, the Reserve Bank of India cannot afford to skip another quarter-point increase in July, with the Federal Reserve boosting rates last week.
Riksbank united on rate increase, minutes show
The board of the Swedish Riksbank was unanimous in its 19 June decision to hike the repo rate by 25 basis points to 2.25 pct, according to the minutes of the monetary policy meeting published Monday 3 July.
Central Bank of Jamaica - Annual Report 2005
According to the Central Bank of Jamaica's Annual Report 2005, the generally stable conditions that prevailed in 2004 were mirrored in the first half of 2005.
Bank of Japan may ban staff investment
A Bank of Japan panel decided Friday 30 June to recommend that the central bank ban its executives from investing in private funds, Kyodo News agency reported.
Fischer plans radical bank restructuring
Bank of Israel governor Stanley Fischer has announced a major structural reorganisation of the bank, according to this article by Haaretz, published Friday 30 June.
ECB paper on monetary policy
The ECB Working Paper "Adaptive learning, persistence, & optimal monetary policy" shows that, when private sector expectations are determined in line with adaptive learning, optimal policy responds persistently to cost-push shocks.
The Dutch block of the ESCB multi-country model
This ECB Working Paper, published June 2006, presents the Dutch country block of the ESCB Multi-Country Model (MCM) for the euro area.
Bank of Canada, Business Outlook Survey, Summer 06
The Bank of Canada published its Summer 2006 Business Outlook Survey on 30 June, saying businesses continue to be positive about the economic outlook.
Fukui, would-be Greenspan of Asia, replaceable
According to this article from Bloomberg published Friday 30 June, Bank of Japan governor Toshihiko Fukui was urged to become the "Greenspan of Japan, if not Asia" soon after he began running the BOJ in 2003.
Iceland appoints new central bank governor
Ingimundur Fririksson was appointed governor of the Central Bank of Iceland on Thursday 29 June.
Nigeria removed from FATF list
In an announcement issued on Friday 23 June the Financial Action Task Force (FATF) announced that Nigeria has been removed from the Non-Cooperative Countries and Territories (NCCT) list.
Fed raises rates, suggests may be nearing end
The Federal Reserve raised US interest rates to the highest point in more than five years Thursday 29 June and suggested the rate hike cycle may be nearing the end.
Comment: Talking points in June
June has been a particularly eventful one for many emerging markets, with talk of increase risk aversion and reduced international liquidity driving a reversal of market sentiment towards emerging market currencies. The month also saw some important…
Jenkins on what monetary policy can & can't do
In the speech 'What monetary policy can and cannot do' given on 29 June Paul Jenkins of the Bank of Canada said the Bank of Canada's economic projections from its April monetary policy report are still reasonable despite a recent string of strong…
Hildebrand's reflections on the gold market
In the speech 'Reflections on the gold market' given on 26 June Philipp Hildebrand of the Swiss National Bank said even if gold has lost its role as an anchor for the international monetary system, it does not mean that it has become a commodity like any…
Bank of Italy - Annual Report 2005
According to the Bank of Italy's Annual Report 2005, the Italian economy stagnated in 2005, falling further behind the rest of the euro area and the world economy.
Federal Reserve expected to raise rates
Federal Reserve policymakers were widely expected to finish a two-day meeting on Thursday 29 June, by raising US interest rates for the 17th consecutive time to 5.25 percent.
Consultation paper on Payments System Risk Policy
The Federal Reserve has published a consultation paper to seek information from financial institutions and other interested parties on their experience in managing intraday liquidity, credit, and operational risks relating to Fedwire funds transfers and…
Transparency, expectations, and forecasts
In 1994 the FOMC began to release statements after each meeting. This ECB Working Paper investigates whether the public's views about the current path of the economy and of future policy have been affected by changes in the Federal Reserve's…
Trichet on further integrating euro area economies
In the speech 'Further integrating euro area economies: some reflections' given on 29 June Jean-Claude Trichet of the ECB said the economic and financial environment is changing and euro area countries are becoming progressively more interdependent.
Norges Bank Inflation Report, June 2006
Norges Bank published its Second Inflation Report for June 2006 on Thursday 29 June. The cyclical expansion in the Norwegian economy is continuing, according to the report.