Central Banking staff
Follow Central Banking
Articles by Central Banking staff
RBA paper on underlying inflation
The Reserve Bank of Australia Discussion Paper "Underlying inflation: Concepts, measurement and performance" published on 21 July explores the concept of underlying inflation and the properties of various measures of underlying inflation in the…
Venezuela passes foreign reserves reform bill
Venezuela's Congress on Tuesday 19 July approved a reform bill giving the government access to $6 billion of the nation's international reserves.
China's central bank sees controlled forex reform
The People's Bank of China has said in a statement that reform of the yuan exchange rate will be a controlled and gradual process to be carried out by China alone.
Zimbabwe rules out flexible exchange rate
Zimbabwe's central bank governor Gideon Gono said on Wednesday 20 July that the country will not liberalise the exchange rate soon because of widespread indiscipline in the economy.
RBI technical committee holds first meeting
The first meeting of the Technical Advisory Committee on Monetary Policy was held on Tuesday 19 July at the Reserve Bank of India, Central Office, Mumbai.
Greenspan signals more rate rises ahead
Federal Reserve Chairman Alan Greenspan said on Wednesday 20 July that the U.S. growth outlook was solid and the Fed should keep raising interest rates.
Bank of Estonia - Annual Report 2004
The Bank of Estonia has published its Annual Report for the year ended 2004. The main factors affecting the global economy over the year were highly volatile oil prices, which repeatedly reached historic highs, and continued extensive imbalance in major…
Bank of England MPC Minutes, 6 & 7 July
The minutes from the 6 & 7 July meeting of the Bank of England's Monetary Policy Committee published on Wednesday 20 July showed policy makers voted 5-4 to leave its benchmark interest rate unchanged at 4.75%.
Albania's Fullani on the fight v. money laundering
In the speech 'The fight against money laundering' given on 22 June, Ardian Fullani of the Bank of Albania said the Bank of Albania as the supervisory institution of its licensees will promote a stronger contribution by banks in Anti Money Laundering…
Liebscher on financial services in Austria
In the speech 'Overview of financial services in Austria' given on 17 June, Klaus Liebscher of the Austrian National Bank said Basel II is regarded a necessary instrument to meet the fundamental changes in the banking industry.
SARB's Mboweni on a land of hope and opportunity
In the speech 'South Africa: A land of hope and opportunity' given on 22 June, Tito Mboweni of the South African Reserve Bank said central bank governors have to demonstrate at all times their commitment to the independence of central banks from…
Greenspan says economy coping well despite oil
Federal Reserve Chairman Alan Greenspan has said that high oil prices could hamper -- but not derail -- economic growth in the United States this year.
Malaysia's Zeti sees more Islamic bank licenses
Bank Negara Malaysia may issue more Islamic bank licences to local banks and foreigners in a bid to transform the country into and Islamic banking hub, the central bank governor Zeti Akhtar Aziz said.
Luxembourg's Mersch indicates unchanged ECB rate
European Central Bank Governing Council member and Luxembourg central bank president Yves Mersch indicated in an interview the ECB will keep its key rates unchanged despite higher oil prices.
EU regulator warns bank chiefs over consolidation
One of the European Union's most senior banking supervisors has warned against interference in the consolidation of the continent's banking industry.
PBOC official suggests monetary easing idea
A senior Chinese central bank official has said that commercial lenders should ensure that funds continued to flow to healthy companies.
SARB's Guma on the outlook for monetary policy
In the speech 'The outlook for monetary policy' given on 22 June, Dr XP Guma of the South African Reserve Bank said as the formulator and transmitter of monetary policy the central bank needs to communicate its basic objectives, its strategy for…
Minneapolis Fed's Stern on payments system issues
In the speech 'Payments system issues and challenges' given on 15 June, Gary Stern of the Federal Reserve Bank of Minneapolis said there is no doubt that payments system change continues apace.
BIS's Knight on the year 2004-05 in review
In the speech 'Activities of the Bank: the year 2004-05 in review' given on 27 June, Malcolm Knight of the BIS said the legacy of 75 years of central bank cooperation is remarkably strong.
Bank of Japan Policy Board Minutes
The Bank of Japan published the minutes from its 14 and 15 June Monetary Policy Meeting on 18 July. The minutes showed the board voted down in mid-June two proposals to cut its liquidity target, including one proposal to reduce it to just 25 trln yen.
Deutsche Bundesbank Monthly Report, June 2005
The Deutsche Bundesbank published the English version of its June 2005 Monthly Report on 18 July. The report said trade restrictions imposed against China could not be the right answer, as industrial countries derive large advantages from such trade.
SARB announces successful loan syndication
Tito Mboweni, governor of the South African Reserve Bank, issued a statement on Monday 18 July following the announcement of the successful syndication of the SARB's US$1,5 billion Dual-Tranche Syndicated Term Loan Facility.
Dollar peg seen as key to Gulf 'euro'
Six leading Arab economies, including Saudi Arabia, may reconsider pegging their currencies to the dollar, under their plans for a "euro-style" Arab single currency in the region.
Fed's Yellen says higher rates make sense
It makes sense for the Federal Reserve to keep lifting U.S. interest rates as long as certain assumptions are met, San Francisco Fed President Janet Yellen said in an article in International Economy magazine.