Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Riksbank appoints new director of communications
At its meeting Friday 17 February, the Executive Board of the Riksbank appointed Pernilla Meyersson new Director of Communications.
Bundesbank gold sale rule change dropped
The German government and the Bundesbank have agreed to end a long-running squabble over the use of Germany's gold reserves, the finance ministry announced.
Senate panel approves Kroszner, Warsh to Fed
The Senate Banking Committee on Thursday 16 February approved the nominations of Randall Kroszner and Kevin Warsh to be members of the Federal Reserve's board of governors.
Fed's Pianalto says growth, stability go together
Cleveland Fed president Sandra Pianalto said Thursday 16 February that the Federal Reserve's twin objectives of price stability and growth go hand in hand.
ECB's Gonzalez-Paramo on the National Accounts
In a speech on the measurement of economic phenomena, with special reference to the System of National Accounts given on 2 February Jose Manuel Gonzalez-Paramo of the ECB said undoubtedly, globalisation is proceeding at a rapid pace, and statisticians…
Next Bank of Spain chief will face higher rates
According to this article published on Thursday 16 February, when a new governor replaces Jaime Caruana as head of the Bank of Spain later this year, their biggest challenge will be to manage the change of the economic cycle.
RBA's Macfarlane on the Australian economy
In his opening statement to the House of Representatives given on 17 February I.J. Macfarlane of the Reserve Bank of Australia said it is more likely that the next movement in Australian interest rates will be up rather than down. He also said the way…
St Louis Fed's Poole on inflation targeting
In the speech 'Inflation targeting' given on 16 February William Poole of the Federal Reserve Bank of St. Louis said an explicit inflation target would help the Federal Reserve do a better job of anchoring expectations and ensuring low and stable prices.
Bank of England Payment Systems Oversight Report
The Bank of England published its second Payment Systems Oversight Report on Friday. It contains the Bank's latest assessment of UK payment systems against the internationally-recognised Core Principles for Systemically Important Payment Systems.
National Bank of Slovakia - Annual Report 2004
According to the National Bank of Slovakia's Annual Report 2004, the first positive signs are visible in the Slovak economy, following membership of the European Union on 1 May 2004.
Romania to keep 2006 inflation target
The National Bank of Romania this week published its third inflation report since adopting inflation targetting in August last year. Despite forecasts suggesting that inflation will overshoot the upper limit of this year's target, the central bank has…
Comment: Inflation targetting
A number of emerging market economies have encountered problems in the early stages of inflation targetting. The latest to hit some bumps in the road in is the National Bank of Romania.
Bank of Canada Review, Winter 05-06
The Bank of Canada published its Review for Winter 2005-2006 on 16 February. The Review includes the article "70 Years of Central Banking: The Bank of Canada in an International Context, 1935-2005".
OECD's Gurria calls for global imbalances action
Washington and Beijing need to back their words with action, after pledging to deal with global economic imbalances, the incoming chief of the Organization for Economic Cooperation and Development said on Thursday 16 February.
Fed chief rules out mandate change
Ben Bernanke said he doesn't want Congress to change the Federal Reserve's mandate that it pay attention to both price stability and maximum employment or economic growth.
BOJ in critical period says Nishimura
Bank of Japan Policy Board member Kiyohiko Nishimura said on Thursday 16 February the central bank has entered a critical period for deciding on a policy move, but said it had not set any time frame for a shift.
Bernanke: Greenspan speeches don't violate ethics
Fed chairman Ben Bernanke said his predecessor, Alan Greenspan, has not violated any central bank or federal government ethics rules as a result of his recent series of private speeches since leaving his post on 1 February
Balcerowicz concerned over NBP regulations
In an interview for the Gazeta Wyborcza daily, the president of the National Bank of Poland Leszek Balcerowicz, presented the central bank's standpoint on the Pekao-Bank BPH merger and ideas to broaden the responsibility of the NBP.
BNB's Quaden sees rates as exceptional, temporary
Belgian National Bank governor Guy Quaden told a news conference on Thursday 17 February that the Eurozone's historically low interest rates "should be exceptional and temporary".
Suppressed inflation and money demand in Zimbabwe
This International Monetary Fund Working Paper investigates the divergence between inflation and monetary expansion in Zimbabwe since late 2003.
New Fed chief meets same old Congress
In terms of the testimony itself, the transition from Greenspan to Bernanke was seamless, according to this article published on Thursday 17 February. But he did it in language that Congress and the larger audience - financial markets - could understand,…
Papademos on the euro area economy & emerging Asia
In the speech 'The euro area economy and emerging Asia - current issues and policy challenges' given on 10 February Lucas Papademos of the ECB said market expectations for an ECB rate hike next month are 'reasonable'.
Bank of Slovenia - Annual Report 2004
According to the Bank of Slovenia's Annual Report 2004, Slovenia recorded a current account deficit for the second successive year, the 2004 figure being EUR 238 million, or 0.9% of estimated GDP.
PBOC rules out 2nd revaluation - reports
The People's Bank of China has ruled out a second revaluation of its currency, but plans broader reform of its interest rates, including a simplification of deposit rates, local media said on Wednesday 15 February.