Central Banking staff
Follow Central Banking
Articles by Central Banking staff
BoE's Lomax on UK monetary policy
In the speech 'UK monetary policy: The international context' given on 17 October Rachel Lomax of the Bank of England said the central bank has to be careful not to dislodge inflation expectations at a time when the outlook for world oil prices remains…
Fed's Santomero on the evolving role of the FOMC
In the speech 'The evolving role of the FOMC: An insider's perspective on monetary policy' given on 17 October Anthony Santomero of the Federal Reserve Bank of Philadelphia said the transition to a new Federal Reserve chairman will be a smooth one.
Fiji's Narube on the economy
In the speech 'Fiji's economy: Performances and prospects' given on 17 October Savenaca Narube of the Reserve Bank of Fiji said the economy is enjoying a long period of consistent growth and this will continue into the next three years.
Poole on the Fed's monetary policy rule
In the speech 'The Fed's monetary policy rule' given on 14 October William Poole of the Federal Reserve Bank of St. Louis said Federal Reserve policymakers cannot be locked into long-term policy decisions but must instead remain ready to react to…
Comment: An unexpected change at the BoE
The Bank of England (BoE) on Monday somewhat unexpectedly announced that deputy governor for financial stability, Sir Andrew Large, would be leaving the Bank at the end of the year.
RBZ among most disorganised central banks - report
Business Monitor International (BMI) has published a report which raises concern at the high-level of political interference in the operations of the Reserve Bank of Zimbabwe.
ECB rates still appropriate according to Trichet
ECB President Jean-Claude Trichet said on Sunday 16 October that European Central Bank interest rates were "still appropriate" and that second-round inflationary pressures from oil prices had not developed so far.
BOJ minutes show support for liquidity cut
Two Bank of Japan Policy Board members suggested that they may support the lowering of the current account balance target in the future, according to minutes released Monday 17 October.
China to introduce intl accounting standards
China will gradually introduce international accounting standard into the state-owned commercial bank sector to encourage ongoing banking reforms, the People's Bank of China said in a statement on its website.
Bank of England deputy governor to step down
The Bank of England announced of Monday 17 October that Sir Andrew Large, Deputy Governor for Financial Stability, is to leave the Bank almost two years early in January next year.
G-20 statement following meeting in China
Finance ministers and central bank governors from the G-20 industrial and emerging economies issued a statement on Sunday 16 October after their two-day meeting in the city of Xianghe, south of Beijing, China.
Gonzalez-Paramo on the Stability and Growth Pact
In the speech 'The reform of the Stability and Growth Pact: an assessment' given on 13 October Jose Manuel Gonzalez-Paramo of the ECB said in EMU, fiscal rules are needed to ensure stability, growth and cohesion in the euro area.
BOJ's Muto on the dynamism and diversity of Asia
In the speech 'Dynamism and diversity of Asia: A central banker's view' given on 17 October Toshiro Muto of the Bank of Japan said Asian economies are stronger today even with record high oil prices compared with the 1970s when they were hit by the last…
Monetary policy & asset prices: To respond or not?
This Working Paper investigates whether there is a case for asset prices in interest rates rules within a small econometric model of the Norwegian economy.
Deutsche Bundesbank Monthly Report, September 2005
The Deutsche Bundesbank published the English version of its September 2005 Monthly Report on 17 October. The Bundesbank said German banks look set to improve their profits further in 2005.
BOJ's Fukui: Important to strengthen economic base
Bank of Japan Governor Toshihiko Fukui said on Friday 14 October that it is important to boost Japan's economic strength further to beat deflation and achieve sustained economic growth.
Tanigaki sees oil 'biggest' worry for world econ
Surging oil prices are the biggest worry for the world economy and the Group of 20 rich and developing countries is set to discuss the issue, Japanese Finance Minister Sadakazu Tanigaki said on Friday 14 October.
Rato to attend GCC meeting in Jeddah
International Monetary Fund Managing Director Rodrigo de Rato will attend a meeting of the finance ministers and central bank governors from the six-nation Gulf Cooperation Council in Jeddah on 18 October.
Hoenig says Fed will do what it takes on inflation
Federal Reserve Bank of Kansas City President Thomas Hoenig said on Thursday 13 October that rising prices had placed the U.S. central bank on alert but it would take the necessary steps to keep inflation at bay.
Comment: Dealing with financial risks
Financial systems around the world have changed dramatically in the last 30 years. Borrowing and lending volumes have increased to levels unimaginable three decades ago, lending rates recently reached historically low levels, and instruments catering to…
Bank of Israel's Stanley Fischer visits Riksbank
On Monday 17 October, the governor of the Bank of Israel, Stanley Fischer, will visit the Riksbank. Mr Fischer has previously held the position of First Deputy Managing Director of the International Monetary Fund, IMF.
Interview with Nobel Prize winner Thomas Schelling
Prof. Thomas Schelling of the University of Maryland was recently awarded the 2005 Nobel Prize in Economics, along with Robert J. Aumann. Schelling was interviewed in the Spring 2005 issue of the Richmond Fed's Region Focus magazine. In the interview, he…
BOJ must tread carefully in the days ahead
According to this Editorial published on Friday 14 October, the Bank of Japan must take great care when scrapping its easy-money policy. And the central bank's monetary policy should be consistent with the government's efforts to regain fiscal health, it…
RBA's Stevens on Asian financial co-operation
In the speech 'Asian financial co-operation' given on 14 October Glenn Stevens of the RBA said it is unlikely that an Asia-wide exchange rate policy will be adopted anytime soon and consequently the prospect for monetary union in the region was quite…