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Launch of spot USD/HKD fixing
The Treasury Markets Association (TMA) announced Monday 3 April that the Spot USD/HKD Fixing would be formally launched on 6 April 2006, the Hong Kong Monetary Authority said in a press release.
TrygVesta appoints Nyboe Andersen deputy chairman
TrygVesta AS has appointed former Danmarks Nationalbank governor, Bodil Nyboe Andersen, as the new deputy chairman of the insurance group.
Comment: The US housing puzzle
A new NBER working paper finds that there is "little evidence" of housing bubbles in the US. The authors argue that even in the highest-price cities, housing is perhaps only slightly more expensive than average.
Philly Fed chief Santomero departs
According to this article published on Friday 31 March, Philadelphia Federal Reserve Bank president Anthony Santomero steps down during a phase of unusually high turnover at the U.S. central bank.
ECB's Trichet on EMU and the euro
In the speech 'EMU and the euro: successes and challenges' given on 30 March Jean-Claude Trichet of the ECB said euro zone interest rates are expected to remain at historically low levels for a long period.
Poole on the role of Federal Reserve Banks
In the speech 'The role of Federal Reserve Banks in the Federal Reserve System' given on 30 March William Poole of the Federal Reserve Bank of St. Louis said as for the FOMC meetings themselves, the mystique created by the media is a tad overblown.
Tumpel-Gugerell on Central Counterparty Clearing
In the speech 'Issues related to Central Counterparty Clearing' given on 3 April Gertrude Tumpel-Gugerell of the ECB said the ECB's track record of containing inflation means that it does not have to hike interest rates aggressively when new inflation…
India's central bank is prudent, not miserly
According to this article published on Thursday 30 March, Reserve Bank of India governor Y.V. Reddy is perfectly capable of communicating to the market what he may or may not do, without the intervention of the finance minister.
Central Bank of Jordan - Annual Report 2004
According to the Central Bank of Jordan's Annual Report 2004, the Jordanian economy achieved a remarkable performance in 2004, which has not been witnessed since 1992.
Kansas Fed's Hoenig says US rates in neutral range
A Federal Reserve official said Friday 31 March that further economic data will let the U.S. central bank know how it should proceed on interest rates.
Iran denies Swiss paper's claim of gold withdrawal
An informed source at the Central Bank of Iran was quoted by IRNA on Friday 31 March as denying a story published in a Swiss daily on the withdrawal of 250 tons of Iran's gold reserves from that country's Credit Bank.
Tumpel-Gugerell on ECB, Italy & Eastern Europe
In the speech 'The European Central Bank, Italy and the integration of Eastern Europe' given on 31 March Gertrude Tumpel-Gugerell of the ECB said the ECB's track record of containing inflation means that it does not have to hike interest rates…
Comment: Exposed currencies cause jitters
The Central Bank of Iceland raised interest rates by 75 basis points last week. The central bank is concerned over the possibility of further declines in the Icelandic krona, which has fallen 12% against the US dollar this year.
Canada's Dodge on an evolving IMF
In the speech 'The evolving international monetary order and the need for an evolving IMF' given on 30 March David Dodge of the Bank of Canada said the International Monetary Fund should virtually abandon the lending business and focus instead on…
ECB's Trichet on economic integration
In the speech 'Economic integration in the euro area' given on 31 March Jean-Claude Trichet of the ECB said some eurozone countries are losing competitiveness due to high wage growth.
Review of IMF-World Bank collaboration
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF) and Paul Wolfowitz, President of the World Bank Group, announced Wednesday they have initiated a range of measures to promote a deeper and early review of Fund-Bank collaboration.
Joint external debt website launched
The Bank for International Settlements, the International Monetary Fund, the Organization for Economic Co-operation and Development and the World Bank announced on Thursday 30 March that they are jointly launching a new website.
ECB has sold 57 tons of gold
The European Central Bank said on Friday 31 March that it has completed a programme of gold sales amounting to 57 tons of gold.
Understanding Fed statement is like child's play
According to this article published on Wednesday 29 March, Federal Reserve chairman Ben Bernanke didn't quite achieve his goal of full transparency in his first time at bat this week.
Time for Gulf economies to increase gold reserves
According to this article published on Thursday 30 March, the prospect of selling oil for inflated dollars should send Middle Eastern central banks to the hedge commodity of gold.
Bernanke may prove hawk in dove's clothing
This article published on Wednesday 29 March reports that some commentators are saying the first few glimpses into the new Fed chairman's thinking suggest he may yet turn out to be more of a hawk than many predicted.
Euro disaster a salutary lesson in what not to do
According to this recent article, the idea of a single currency area for countries like China, Japan, and Korea has certain obvious appeal. However, it is a big stretch to assume that a single currency union is either the best way for them to reap those…
National Bank of Kazakhstan - Annual Report 2004
According to the National Bank of the Republic of Kazakhstan's Annual Report 2004, investment activity on the part of domestic and foreign capital contributed a great deal to the country's economic growth.
McGauchie reappointed to RBA's board
Australian Treasurer Peter Costello on Thursday 30 March reappointed Telstra Corp. chairman Don McGauchie to the Reserve Bank of Australia's board for another five-year term.