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SARB appoints new deputy governor
The President of South Africa, Thabo Mbeki, has appointed Dr Renosi Mokate as deputy governor of the South African Reserve Bank for a period of five years, effective from 1 August 2005.
New York Fed's Economic Policy Review, Aug 2005
The Federal Reserve Bank of New York published the August 2005 edition of its Economic Policy Review on 25 July. The latest Review includes proceedings of the conference "Labor market developments in the United States and Canada since 2000" cosponsored…
China's yuan decision may not change things much
This article published on on Thursday 28 July suggests the enthusiasm which greeted China's recent currency revaluation was sorely misguided. Taken together, the details outlined in the announcement left the future of China's currency as murky as if the…
The decline of Japan's saving rate
The Bank of Japan Working Paper "The decline of Japan's saving rate and demographic effects" investigates the phenomenon in which Japan's household saving rate showed a sharp decline even during the long stagnation period called "the lost decade."
Spain suggests supervisory appointment changes
Julio Segura, director of the Bank of Spain, has recommended a few changes to the way that appointments are made for executives of regulatory and supervisory boards.
IMF chief draws fire over style as leader
This article published on Wednesday 27 July suggests a whispering campaign has begun in Washington against IMF chief Rodrigo de Rato. They accuse Rato of being a hands-off manager who spends too much time abroad and eyes Spain's highest elected office,…
IMF's Rato offers congratulations to Moreno
IMF Managing Director Rodrigo de Rato congratulated Luis Alberto Moreno on Wednesday 27 July following his election as President of the Inter-American Development Bank. Rato said his diplomatic experience and leadership will benefit Latin America's…
Bank of Canada appoints Special Adviser
The Bank of Canada announced the appointment of Bruce Little on Thursday to the position of Special Adviser for the year 2005-06.
IADB elects new President
Colombian diplomat and former minister of economic development Luis Alberto Moreno was elected president of the Inter-American Development Bank on Wednesday 27 July during a special meeting of the Bank's Board of Governors at IDB headquarters in…
Market to decide yuan's value according to PBOC
The People's Bank of China has insisted that it would allow markets to set the value of the yuan following last week's 2.1 percent adjustment, state media reported Thursday.
Brazil cb and Congress to improve bank controls
Brazil's central bank and lawmakers will seek ways to improve control over the financial system, the bank said in a statement sent by e-mail.
BoE's Large fuels rate cut talk
Bank of England policy maker Andrew Large gave an interview on Wednesday 27 July which is likely to fuel expectations that UK interest rates would fall next week for the first time in two years.
Germany's Clement says ECB rate cut overdue
German Economy Minister Wolfgang Clement has criticised the European Central Bank for failing to give the region's economy a boost by cutting rates at a time when conditions would have been more easily able to cope with relaxation of monetary policy.
Federal Reserve Board - Beige Book, July 2005
The Federal Reserve published its July 2005 Beige Book survey on 27 July. According to the report the economy continues to expand in almost every area of the country with little or no additional price pressure.
Systemic risk in alternative payment system design
This European Central Bank Working Paper analyses the consequences of an isolated, sudden and unexpected failure of a bank in alternative interbank payment system designs.
RBNZ leaves OCR unchanged at 6.75 per cent
The Reserve Bank of New Zealand left the Official Cash Rate unchanged at 6.75 per cent on Thursday 28 July. Governor Alan Bollard said short-term inflation pressures have recently emerged as a result of surging oil prices.
Bank of Israel - Annual Report 2004
The Bank of Israel has published its Annual Report for the year ended 2004. In 2004 the long-term strategy of Israel's macroeconomic policy - intended to place the economy firmly on the path towards the realization of its growth potential - moved forward…
Albania's Fullani on banking supervision
In the speech 'Cooperation in the field of banking supervision in Albania' given on 11 July, Ardian Fullani of the Bank of Albania said we have established contacts with all the central banks of the region, up to the high levels of representation and I…
Israel's Fischer on capital market reforms
In the speech 'Capital market reforms in Israel' given on 5 July, Stanley Fischer of the Bank of Israel said the stability of the banking system will not be affected by the separation of the provident funds and mutual funds from the banks.
Malaysia will rely on central bank over ringgit
Malaysia has revealed that it will rely on central bank intervention rather than a currency trading band to maintain the stability of its managed float of the ringgit.
China should be allowed to join says OECD chief
Donald Johnston, secretary general of the Organization for Economic Cooperation and Development ( OECD), said in an interview on Tuesday 26 July that China should be admitted as a member of the organisation.
BOJ's Fukui says prices may rise from late 2005
Bank of Japan governor Toshihiko Fukui told a news conference on Wednesday 27 July that the consumer price index may rise from late this year or early 2006 as the BOJ kept monetary policy unchanged.
China yuan move helpful says Fed's Gramlich
US Federal Reserve governor Edward Gramlich has said China's decision to revalue its yuan currency was a positive step that should help reduce global economic imbalances.
Fed launches online financial education project
The Federal Reserve Board on Tuesday 26 July launched a new online project with USA Today that teaches middle school and high school students about economics and personal finances by challenging them to construct a newspaper front page.