Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Tajik central bank chief's home robbed
The home of the governor of the central bank of Tajikistan was broken into late on Thursday 30 June by unknown assailants who killed one guard and stole cash and jewellery, Reuters reported.
Interview with BSP's Tetangco
In an interview published on Friday July 1, Amando Tetangco, who takes over formally as governor of the Philippines central bank on Monday, said his move into the governor's seat won't result in major policy changes "because it's basically a continuation…
ECB's Gonzalez-Paramo on monetary policy
In the speech 'The European Central Bank's monetary policy in an international context: principles and challenges' given on 23 June, Jose Manuel Gonzalez-Paramo of the ECB said there is no doubt in his mind that a monetary policy strategy based on a…
BOJ's Muto on the outlook for Japan's economy
In the speech 'The outlook for Japan's economy' given on 23 June, Toshiro Muto of the Bank of Japan said the central bank may see the possibility of ending a quantitative monetary policy easing in the year to March 2007, if things go smoothly.
Reserve Bank of New Zealand Bulletin, Jun 2005
The Reserve Bank of New Zealand has published the June 2005 issue of its Bulletin. The first article of the Bulletin discusses the outcome of the recent review of New Zealand's 'silver' coinage, which will see the move to smaller and lighter 10, 20 and…
Sveriges Riksbank Economic Review 2nd Quarter 2005
The Sveriges Riksbank has published its Economic Review for the 2nd Quarter 2005. This year's second issue contains four articles: Thoughts on how to develop the Riksbank's monetary policy work; Basel II - the new framework for bank capital; Monetary…
Federal Reserve raises interest rates to 3.25%
The Federal Open Market Committee decided to raise its target for the federal funds rate by 25 basis points to 3-1/4 percent on Thursday 30 June. In its statement the FOMC maintained its "measured" stance and said that although energy prices have risen…
Interview with RBI's Reddy
In an interview published this week Reserve Bank of India governor Yaga Venugopal Reddy said there are continued uncertainties and fuel prices would be one of the topics for discussion at the RBI's next policy meeting in late July.
RBI names Rakesh Mohan as deputy governor
The Economic Affairs Secretary, Rakesh Mohan, has been appointed as a Deputy Governor of the Reserve Bank of India and is likely to be in charge of the monetary policy department, an official was quoted as saying on Wednesday 29 June.
Interview with ECB's Gonzalez-Paramo
In an interview published this week European Central Bank Executive Board member Jose Manuel Gonzalez-Paramo said the price of oil is the main risk weighing on the recovery. But the persistence of global imbalances is also a threat.
Interview with ECB's Bini Smaghi
In an interview published this week European Central Bank Executive Board member Lorenzo Bini Smaghi said blaming the euro is like blaming the thermometer when you are ill. Proof that the euro is not the cause of the crisis is provided by the fact that…
ECB reorganises human resources
The European Central Bank announced on Tuesday 28 June that it would merge the Directorate Human Resources and the Directorate Planning and Controlling into a new Directorate.
The future of the International Monetary System
Is the international financial architecture debate over? Not according to leading experts gathered together in a new book which tries to identify the key trends that will fashion the international financial system in the years ahead.
Federal Reserve expected to raise rates again
The Federal Reserve was widely expected to increase US interest rates by a quarter point to 3.25 per cent at the conclusion of its FOMC meeting on Thursday 30 June.
Reserve Bank of Australia calls for China float
Reserve Bank of Australia governor Ian Macfarlane has added his voice to international pressure on China to float the yuan, arguing in a speech that it is in China's interest for the currency to rise.
Armenian central bank law to strengthen dram
A central bank of Armenia law enacted on 28 June on hard currency regulation and hard currency supervision, seeks to strengthen the position and significance of Armenia's national currency, the dram.
Greenspan, Snow meet lawmakers on China trade
Federal Reserve Chairman Alan Greenspan and US Treasury Secretary John Snow were due to travel to Capitol Hill on Thursday 30 June to discuss the issue of China trade policy with lawmakers.
Fischer says modern Bank of Israel law needed
Governor of the Bank of Israel Prof. Stanley Fischer said in a speech that the new law will establish a monetary committee and an administrative council to work together.
Norges Bank Inflation Report, June 2005
Norway's central bank, Norges Bank, published its latest Inflation Report for June 2005 on Thursday 30 June. The Bank raised the sight deposit rate to 2% from 1.75% but conceded that recent developments such as weaker economic growth prospects for Europe…
The politics of central bank independence
This New York Fed Staff Report proposes a theory to explain why, and under what circumstances, a politician endogenously gives up rent and delegates policy tasks to an independent agency.
Statement by IMF MD Rodrigo de Rato on Argentina
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), issued a statement on Wednesday regarding a new economic program with Argentina.
Sweden to discontinue old notes and coins
The Sveriges Riksbank said on Wednesday 29 June that a number of old banknotes and coins to the value of almost SEK 5 billion will cease to be legal tender from 1 January 2006.
Careful consideration needed before yuan move
China should take a gradual approach to currency reforms and consider the economic consequences of a rise in the yuan if it is allowed to move more freely, a state newspaper said on Wednesday 29 June.
Villepin urges ECB dialogue with euro-zone states
French Prime Minister Dominique de Villepin has called for a dialogue between the European Central Bank and the 12 euro zone countries to coordinate economic policies in the region.