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BIS Quarterly Review, December 2005
The Bank for International Settlements has published its December 2005 Quarterly Review. Foreign banks dominate the financial sectors in emerging economies to such a degree as to pose problems for regulators and potential threats to domestic financial…
Fed's end to rate increases in 2006
Federal Reserve officials will gather on 13 December and for the 13th meeting in a row will raise interest rates by a quarter-percentage point, this article published Tuesday 6 December says.
Why RBI is asking for autonomy
The Reserve Bank of India has been striving to attain a degree of autonomy for quite some time, according to this article published on 5 Monday December . And there are valid reasons for the RBI in doing so, it says.
SF Fed's Yellen on 2005 in review and prospects
In the speech 'The U.S economy: 2005 in review and prospects for 2006' given on 2 December Janet Yellen of the Federal Reserve Bank of San Francisco said the Federal Reserve is probably not yet finished raising interest rates and must monitor price gains…
ECB's Issing on fiscal and monetary policies
In the speech 'The role of fiscal and monetary policies in the stabilisation of the economic cycle' given on 14 November Otmar Issing of the ECB said the ECB always aims to take timely action to address inflation risks but it also has to avoid reacting…
Denmark's Bernstein at Danish Bankers Association
In a speech at the Annual Meeting of the Danish Bankers Association given on 30 November Nils Bernstein of the Danmarks Nationalbank said he intends to follow his predecessor's strategy, and warned that Denmark's economy may be expanding too fast.
Comment: Turkey to target
Governor Sureyya Serdengecti's announcement on Monday 5 December that the Central Bank of Turkey will adopt formal inflation targets from January 2006 marks another step along the road of monetary policy reform that has seen Turkey shrug off its volatile…
Turkey to begin inflation targeting
Turkey plans to adopt formal inflation targeting in 2006, according to central bank governor Sureyya Serdengecti.
Fukui says Japan ready for monetary policy shift
Bank of Japan Governor Toshihiko Fukui told his Group of Seven counterparts that the central bank will move away from its monetary policy stance eventually, once the condition of sustainable rising consumer prices is met, Kyodo News Agency reported.
BNB implements new treasury management system
The Bulgarian National Bank has strengthened its accession strategy through the implementation of The Trema Suite as its new treasury management system covering Front-, Middle- and Back Office for their reserve management operations.
ECB and NCBs release joint statistics
On Tuesday the European Central Bank (ECB) and the national central banks (NCBs) of the euro area for the first time released joint tables of euro area statistics and their national breakdowns on their websites.
Bank of Canada raises interest rates
The Bank of Canada announced on Tuesday 6 December that it is raising its target for the overnight rate by one-quarter of one percentage point to 3 1/4 per cent. In a press release the bank suggested rates would rise further saying, "some further…
Fed's Olson on economic growth
In the speech 'Economic growth: Lessons from the Sioux Falls experience' given on 5 December Mark Olson of the Federal Reserve said the Fed can best promote a credit climate that fosters rural progress by maintaining an environment of low inflation.
Norges Bank Financial Stability Report No.2, 2005
The central bank of Norway, Norges Bank, has published its twice yearly Financial Stability Report 2/2005. "The short-term outlook for financial stability is regarded as satisfactory and somewhat better than half a year ago," said Governor Svein Gjedrem.
Richmond Fed's Economic Quarterly, Fall 2005
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Fall 2005. The latest issue includes the article 'Monetary policy and the term structure of interest rates'.
When will Asian central banks buy into gold?
This article published on Friday 2 December asks what would happen to the gold market if central banks in Asia decided to follow the recent trend and increase their gold reserves?
IMF Paper on capital account liberalization
The IMF Working Paper "Capital account liberalization, capital flow patterns, and policy responses in the EU's new member states" discusses the experience of the EU's eight new member countries (EU8) between 1995 and 2003 when the bulk of capital account…
Score so far is ECB, 1; Unsolicited advisers, 0
This article published on Thursday 1 December looks at the ECB's decision to raise interest rates at its most recent meeting, saying Europe's finance ministers would be better served by putting their own houses in order rather than telling Monsieur…
Comment: How will Shamshad Akhtar manage Pakistan?
Labouring under the onerous task to reconstruction following the terrible October 8 earthquake, which killed more than 40,000 people, and has left 3 million homeless, at least Pakistan has recently made notable economic progress.
G7 calls for further move on yuan flexibility
The G7 nations increased pressure on China to move to a more flexible currency regime on Saturday 3 December and asked the IMF to take a bigger role in offering advice on foreign exchange.
Central bank to replace BMA in Bahrain
A central bank with a BD500 million capital will be established in Manama to replace the Bahrain Monetary Agency to meet the Kingdom's comprehensive development plan for the banking sector, the Bahrain Tribune reported on Monday 5 December.
PBOC says China to deepen yuan rate reform
China will deepen yuan exchange rate reforms and further promote the convertibility of the currency in the capital account, the People's Bank of China (PBOC) said in answer to a series of questions published in the China Securities Journal.
ECB's Weber worries over credit growth
The European Central Bank's mid- to long-term strategy is at risk from the pace of credit growth in the euro zone and this danger must be countered, ECB Governing Council member Axel Weber was quoted as saying on Sunday 4 December.
Quaden says eurozone rates now 'appropriate'
Belgian National Bank governor Guy Quaden has called the level of European Central Bank interest rates "appropriate" for the emerging recovery of the eurozone.