Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Slovakia joins ERM-II
Slovakia has joined the Exchange Rate Mechanism 2 (ERM-II), the Hospodarske noviny daily wrote.
Inflation warning from Bank of France
The Bank of France said on Monday 28 November inflation risks in developed countries have increased because of high oil and commodity prices and could rise further.
Eurogroup head criticises ECB rate rise plan
An interest rate increase by the European Central Bank is unnecessary, Jean-Claude Juncker, prime minister of Luxembourg said on Monday 28 November.
Brown's gold sale losses pile up as price surges
According to this article published on Monday 28 November, the recent increase in the price of gold should be something of an embarrassment for UK Chancellor Gordon Brown with the Bank of England offloading 300 tonnes of gold at close to a 20-year low…
New York Fed to host regulation Seminar
The Federal Reserve Bank of New York will host a seminar to review Regulatory Reporting Best Practices as observed by Statistics Function staff on 12 January 2006.
Sweden's Persson - speech on monetary policy
In the speech 'Monetary policy yesterday, today and tomorrow' given on 9 November Kristina Persson of the Sveriges Riksbank said the economic outlook in Sweden is favourable, but that she finds the international picture and its effects on Sweden worrying.
Dodge on inflation targeting in Canada
In the speech 'Inflation targeting in Canada: Design, lessons, and challenges' given on 14 November David Dodge of the Bank of Canada said the bank is unlikely to change its practice of using the consumer price index as its target for monetary policy.
Rato on problems and issues in the global economy
In the speech 'Problems and issues in the global economy: A call for action' given on 22 November Rodrigo de Rato of the IMF said we need action on IMF governance.
Mboweni's financial & economic review of the year
In the speech 'A financial and economic review of the year' given on 24 November Tito Mboweni of the South African Reserve Bank said global oil prices and domestic demand still posed "significant risks" to South Africa's inflation outlook, but so far…
BoE's Large on liquidity risk in a global system
In the speech 'Financial Stability: Managing liquidity risk in a global system' given on 28 November Andrew Large of the Bank of England put the case for central banks and regulators in all jurisdictions to review the appropriateness of current liquidity…
Comment: Central banks "shouldn't supervise"
In a speech on Thursday, Howard Davies, who served for two years as deputy governor of the Bank of England and as special adviser to the chancellor of the exchequer, and who is currently director of the London School of Economics, argued that a…
Germany facing confidence crisis says Buba's Stark
Germany faces a crisis of confidence and its public finances are out of control, leading German central banker Juergen Stark said on Thursday 24 November.
EU Competition Commissioner backs Italy action
The EU competition commissioner said Friday 25 November that she would support plans to take legal action against the Bank of Italy.
BoJ should not decide policy shift alone- Takenaka
The Bank of Japan alone should not decide on the timing of an end to its super-loose monetary policy, Kyodo News quoted Heizo Takenaka, Minister for Internal Affairs and Communications as saying.
EU's Almunia sees gradual rise in euro area demand
European Monetary Affairs Commissioner Joaquin Almunia said on Thursday 24 November he expects a gradual rise in domestic demand to boost recovery in the European Union economy next year.
Bank of England's Lomax: 'dollar looks a good buy'
Bank of England deputy governor Rachel Lomax said on Thursday 24 November that the "dollar looks a good buy" because of interest rate differentials and other factors.
President 'Arrovo' blunder prompts banknote recall
The Philippines central bank suffered embarrassment this week when it was noticed that 100 peso (US$1.80) bank notes had been issued with the surname of President Gloria Macapagal Arroyo spelled "Arrovo," with a "v."
The Bank of Canada: An Illustrated History
The Bank of Canada published a book commemorating its 70th anniversary on Wednesday. The Bank of Canada: An Illustrated History is filled with interesting images and anecdotes about the Bank and its place in Canadian society from 1935 until now.
Plenderleith to retire from SARB
South African Reserve Bank deputy governor Ian Plenderleith will retire at the end of his three-year contract on 31 December 2005, an SARB spokesperson was quoted as saying this week.
Interview with ECB's Trichet
In an interview published on Thursday 24 November, European Central Bank President Jean-Claude Trichet said he doesn't foresee "repeated" rises in eurozone interest rates.
Interview with Richmond Fed's Lacker
In an interview published this week, Federal Reserve Bank of Richmond President Jeffrey Lacker said that as far as he is concerned it is clear "we're not done removing accommodation," suggesting US interest rates have further to rise.
Interview with ECB's Quaden
In an interview published on Tuesday 22 November, European Central Bank Governing Council member Guy Quaden said the ECB needs to tackle the problem of negative real interest rates in Europe, but this does not mean slamming the brakes on growth.
Fed nominee's life rooted in numbers
The background and upbringing of Federal Reserve nominee Ben Bernanke is detailed in depth in this article published this week. From his counting ability at aged 3, to his decision to study economics rather than majoring in English at Harvard. While…
Lessons from Italian monetary unification
This Working Paper, published November 2005, examines whether the states brought together in the Italian monetary union of the nineteenth century constituted an optimum monetary area, either before or after unification.