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GCC common monetary council expected
The GCC has said it is likely to set up a common monetary council in the Gulf by the end of this year.
Snow says G8 shares responsibility for imbalances
Group of Eight finance ministers believed global growth prospects remained strong but they shared a responsibility to reduce imbalances which threaten the outlook, U.S. Treasury Secretary John Snow said Saturday.
BOJ's Mizuno cautions on asset bubble risk
Bank of Japan policy board member Atsushi Mizuno has said that the BOJ's super-easy monetary policy may help produce an asset bubble in Japan, the Jiji Press news agency reported.
Riksbank reshuffles division of work
The Executive Board of Sweden's Riksbank made a decision on 2 February on the division of work between the members of the Board.
Former Polish minister against super regulator
In an interview for the Parkiet daily, the former head of the Polish Securities and Exchange Commission (KPWiG) and treasury minister in Marek Belka's government, Jacek Socha, assessed the Polish financial market as not mature enough to introduce…
Central banks invest in riskier assets
Just under half of the central banks responding to a recent survey have increased their investments in "new" asset classes in the past year.
Fed announces Michelle Smith to stay on
The Federal Reserve Board on Friday announced that Michelle A. Smith will continue in her position as Assistant to the Board and Director of the Office of Board Members. The Board had previously announced that she would be leaving to work for former…
BIS plans to deepen its involvement in Asia
The Bank for International Settlements on Monday announced initiatives to deepen its relationship with its Asian shareholders.
Bank of Japan Monthly Report, February 2006
The Bank of Japan published the English version of its February 2006 monthly report on 13 February. In the report the BOJ said Japan's economy is expected to continue to recover steadily.
RBA Statement on Monetary Policy, February 2006
The Reserve Bank of Australia published its February 2006 Statement on Monetary Policy on 13 February. Global economic conditions are continuing to provide a favourable environment for the Australian economy, according to the report.
Why the Bank of Japan should just shut up
According to this article published on Monday 13 February, until the consumer price index and other inflation measures turn positive and stay there for six months or even longer, Bank of Japan officials should keep their heads down and their mouths…
The role of central banks in banking crises
According to this article published on 2 February, central banks should not supervise the banking system. When asked to do so, central banks are really asked to draw criticism on their past performance, their policies and their vigilance in the past, it…
Bank of Spain - Annual Report 2004
According to the Bank of Spain's Annual Report 2004, the Spanish economy departed, for another year, from the pattern of behaviour of the euro area, with its activity running at a brisker pace and firmer continuity in its growth pattern.
Japan's Diet approves Suda's reappointment at BOJ
The Diet gave approval on Friday 10 February to a government plan to retain Miyako Suda as a member of the Bank of Japan's policy panel for a second five-year term.
Gerd Hausler notifies IMF of intention to leave
Gerd Hausler, Counsellor and Director of the International Monetary Fund's International Capital Markets Department (ICM), has notified IMF Managing Director Rodrigo de Rato of his intention to return to Europe and has asked to be released from his…
RBNZ to raise Settlement Cash Level to $2,000m
The Reserve Bank of New Zealand will raise the Settlement Cash Level (SCL) from its current level of $500 million to $2,000 million, for value date 13 February 2006.
Fiji announces new banknote designs
The Reserve Bank of Fiji on Friday 10 February signed an agreement for the printing of a series of new design Fiji banknotes with De La Rue International Limited of United Kingdom.
Issing says ECB ready to act on inflation risks
European Central Bank Chief Economist Otmar Issing said the bank is not necessarily embarking on a predetermined course of raising interest rates successively but that it is ready to act to contain higher inflationary risks.
Comment: The IMF and exchange rate surveillance
The IMF's managing director, Rodrigo de Rato, on Thursday 9 February shed some light on the Fund's thinking over its medium-term strategy in a speech in Rome.
Euro group set to nominate Buba's Stark to ECB
Eurozone finance ministers are set to nominate Bundesbank vice-president Juergen Stark next week for the European Central Bank executive board post, an EU official told reporters Thursday 9 February.
Warsh's Fed nomination draws criticism, confusion
President Bush's nomination of the 35-year-old White House aide Kevin Warsh for a seat on the Federal Reserve's board has been greeted with criticism and bewilderment by some former Fed officials and economists, according to this article published on…
Chicago Fed's Moskow on the US economic outlook
In the speech 'US economic outlook' given on 9 February Michael Moskow of the Federal Reserve Bank of Chicago said U.S. interest rates are at a neutral level, but further increases - even preemptive ones - may be needed depending on how inflation…
ECB Monthly Bulletin, February 2006
The European Central Bank published its February 2006 Monthly Bulletin on Thursday. In the report the ECB said it sees tentative signs that the euro zone housing market is becoming overvalued following recent sharp price rises in some countries.
Developing corporate bond markets in Asia
Thirty participants including high-level officials from central banks in Asia and the Pacific, the European Central Bank and the BIS took part in the BIS/PBC seminar held in Kunming, China on 17-18 November 2005.