Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Philadelphia Fed Business Review, 1st Quarter 2006
The Federal Reserve Bank of Philadelphia has published its regular Business Review for the First Quarter 2006. The latest edition includes "A farewell from President Santomero" in which Anthony Santomero, who will step down on 31 March 2006, reflects on…
ECB paper on the effects of EMU
The ECB Working Paper "What effects is EMU having on the euro area and its member countries? An overview" published March 2006, addresses the effects of the European Economic and Monetary Union (EMU) since the introduction of the euro -- on economic and…
Bernanke ponders his course
According to this article published on Thursday 23 March, the way ahead for the Fed's policy committee is less obvious now. The US central bank has a new captain, Ben Bernanke, several new crew members and an increasingly uncertain course to steer, it…
Bank of Lithuania - Annual Report 2004
According to the Bank of Lithuania's Annual Report 2004, the year 2004 was marked by two important events: Lithuania became a member of NATO and the European Union.
Parliament to probe Poland's central bank
The Polish parliament voted on Friday 24 March to establish a panel to investigate decisions by the National Bank of Poland on foreign takeovers in the financial sector since communism fell.
Interview with Bank Indonesia's Gultom
In an interview published Friday 24 March, Bank Indonesia's senior deputy governor Miranda Gultom said the central bank plans to encourage an expansion of Islamic Shariah financing to boost the development of the country's small- and medium-sized…
Trichet praises ECB's courage on rates
European Central Bank president Jean-Claude Trichet said the ECB's "courageous" decision to maintain a low level of interest rates in recent years has meant a more marked slowdown in eurozone growth has been prevented and helped economic recovery.
Dollar risk not 'worrisome' says Bernanke
Federal Reserve chairman Ben Bernanke said in a 21 March letter that a possible decline in the dollar because of less foreign investment wouldn't have a "worrisome" effect on the U.S. economy.
Estonia sees 'unlikely' January move to euro
The Bank of Estonia has concurred with economic forecasts by the Ministry of Finance that suggest higher than expected inflation will hamper Estonia's plans to join the euro zone in 2007.
Mullei 'must vacate office' - attorney-general
Kenya's Attorney-General, Amos Wako, was quoted in a report by Kenyan Capital FM radio as saying that central bank governor Dr Andrew Mullei must vacate office pending the outcome of a case he is facing before the anti-corruption court for abuse of…
Indra Nooyi elected to NY Fed Board of Directors
Indra Nooyi, president and chief financial officer of PepsiCo, Inc., was elected to the board of directors of the Federal Reserve Bank of New York on Thursday 23 March.
Money, sex, happiness come to the Bank of England
It was announced this week that David Blanchflower will replace Stephen Nickell on the Bank of England's Monetary Policy Committee from 1 June. This article published on Friday 24 March looks at a research paper Blanchflower co-authored.
Comment: Park Seung's term expires
Lee Seong-tae is likely to be confirmed as the new governor of the Bank of Korea next week. The incumbent governor, Park Seung, leaves the central bank calling for more independence from the government for his successor.
Gold and foreign exchange reserves
According to the article "What percentage should gold in foreign exchange reserves be?" published Monday 20 March, currencies have a poor history and it is infinitely wise to protect against the worst possible eventuality.
Riksbank's Oberg on Sweden - low inflation economy
In the speech 'Sweden - a low inflation economy' given on 21 March Svante berg of the Sveriges Riksbank said the latest economic data doesn't significantly change the economic picture outlined by the Riksbank in its February inflation report.
ECB's Issing on the euro
In the speech 'The euro - a currency without a state' given on 24 March Otmar Issing of the ECB said the application of the revised EU stability pact rules to Germany will be the key test of whether the new pact is being applied rigorously.
Central Bank of Kuwait - Annual Report 04/05
According to the Central Bank of Kuwait's Annual Report 2004-2005, the fiscal year 2004/05 was fraught with domestic, regional and international developments and events.
CBN Comment on UK Budget
Three little-noticed items from the budget delivered March 22 by UK Chancellor of the Exchequer, Gordon Brown, will be of interest to central banks and market regulators.
CBK governor charged with abuse of office
Central Bank of Kenya governor Dr Andrew Mullei was charged with four counts of abuse of office on Thursday 23 March.
Philadelphia Fed's Stone to attend FOMC meeting
The Philadelphia Federal Reserve Bank's second in command will participate in the US central bank's policy meeting next week, stepping in for retiring President Anthony Santomero, a spokeswoman said on Wednesday 22 March.
New Fed governors sworn in
Kevin M. Warsh and Randall S. Kroszner were formally sworn in as members of the Board of Governors of the Federal Reserve System at a ceremony Thursday 23 March in the atrium of the Board's main building in Washington.
New BOK governor named
President Roh Moo-hyun on Thursday 23 March appointed Lee Seong-tae, deputy governor of the Bank of Korea (BOK), as the new governor, his office Cheong Wa Dae announced.
Leading Sepa expert joins Voca from ECB
Voca, the provider of payment services to banks and corporates, announced on Wednesday 22 March that it has appointed Erik Mansson as Director of European Business Development.
Bank of Canada announces assignment for deputy
On behalf of the Board of Directors of the Bank of Canada, Governor David Dodge announced on Wednesday 22 March that Deputy Governor Sheryl Kennedy will be undertaking a short-term assignment as Senior Adviser to The Bank of Nova Scotia.