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BIS Annual Report 2004/ 2005
The Bank for International Settlements published its 75th Annual Report for 2004/ 2005 on Monday. Recent economic and financial developments have been broadly consistent with a number of trends in the global economy over the last two decades or so, the…
BIS amends Statutes to streamline governance
An Extraordinary General Meeting of the Bank for International Settlements (BIS) on Monday 27 June decided to revise the BIS Statutes.
BoE's Tucker: Where are the risks?
In a speech given on 23 June Paul Tucker of the Bank of England noted that in one form or another risks crystallise every day. He asks whether today's capital markets are well placed to absorb any nasty shocks.
Bank of England Financial Stability Review, Jun 05
The Bank of England published its latest Financial Stability Review for June 2005 on Monday 27 June. Near-term risks to the UK financial sector from default by households, firms and overseas borrowers have remained low since the December Review, the…
Muto says BOJ will maintain target range
Bank of Japan deputy governor Toshiro Muto said Thursday 23 June the central bank will maintain the current account balance target in a range of 30 trillion to 35 trillion yen.
ECB policy not enough to spur growth says Garganas
Bank of Greece governor Nicholas Garganas said on Friday 24 June that European Central Bank monetary policy has performed well but is not enough to spark growth.
ECB member says central banks won't sway ECB
ECB Executive Board member Jose Manuel Gonzalez-Paramo said late on Thursday 23 June that although rate cuts are back on the agenda at major central banks, it would not influence the European Central Bank's monetary policy.
Import prices no longer falling says BoE's Lambert
Bank of England MPC member Richard Lambert said on Thursday 23 June that there are signs that import prices, which have helped to keep inflation down, are falling.
RBI's Reddy says trade gap manageable
Reserve Bank of India governor YV Reddy said on Thursday 23 June that the widening trade deficit is sustainable because it is underpinned by buoyant export of services and remittances from overseas migrant workers.
IMF's Dawson announces plans to leave Fund
Thomas Dawson, the director of the International Monetary Fund's External Relations Department, told a press briefing on Thursday 23 June that he intends to leave the Fund in the next six or eight months.
Danmarks Nationalbank appoints new governor
Nils Bernstein, a senior government official, was named the new governor of Denmark's central bank on Wednesday 22 June.
Chicago Fed National Activity Index, May 2005
The Chicago Fed National Activity Index for May 2005 was +0.10, up from +0.05 in April. Two of the four broad categories of indicators that make up the index - production and income and consumption and housing - made positive contributions.
Key steps to African economic union
In this article South African Reserve Bank governor Tito Mboweni says the challenge is to ensure that SADC countries are ready and committed to implement the macroeconomic convergence programme while they develop the specialised skills and capacity to…
Bernanke sworn in as White House adviser
Ben Bernanke was sworn in as chairman of President George W. Bush's Council of Economic Advisers on Tuesday 21 June, leaving his post as a Federal Reserve member.
Interview with Bank of France's Noyer
In an interview published this week Bank of France governor and European Central Bank council member Christian Noyer said it was "crazy" to think that an interest rate cut in isolation can boost euro zone growth.
Magistrate says T&T central bank filing 'archaic'
Chief Magistrate Sherman McNicolls said this week he was "really alarmed" by the record filing system at the Central Bank of Trinidad and Tobago, the Trinidad and Tobago Express reported.
Peru's economy minister is IADB candidate
Peru has nominated Economy Minister Pedro Pablo Kuczynski as its candidate to head the Inter-American Development Bank once current head Enrique Iglesias leaves the post in September.
Philadelphia Fed head receives Italian civic honor
The Consul General of Italy recently presented the prestigious Italian recognition of "Cavaliere," an honorary knighthood, to Anthony Santomero, president of the Federal Reserve Bank of Philadelphia.
Iraq's central bank builds credibility
The strength of their currency is one solid economic achievement the Iraqis have to hold on to, according to this article. It attributes this remarkable level of stability to sound government policies - specifically the transformation of the Central Bank…
Trichet on the ECB - five ideas
In an article published last week European Central Bank president Jean-Claude Trichet said that he is not preparing markets for either a cut or an increase in interest rates.
Canada paper on central bank credibility
The Bank of Canada Working Paper "Endogenous central bank credibility in a small forward-looking model of the U.S. economy" considers linkages between inflation and the economy's cyclical position, which are thought to be strongly affected by the…
HKMA Quarterly Bulletin, June 2005
The Hong Kong Monetary Authority has published the June 2005 issue of its Quarterly Bulletin. This issue contains the regular Half-Yearly Monetary and Financial Stability Report, which analyses recent external and domestic influences on Hong Kong's…
Discussion topics from Central Banking conference
Central Banking Publications hosted the first conference on Sovereign Asset and Debt Management on June 20-21, where over 20 speakers and 100 participants discussed trends and challenges in how countries manage their national balance sheet.
BOT denies spending $3-4bn on intervention
Bank of Thailand governor M.R. Pridiyathorn Devakula has conceded the central bank had intervened in the market to support the baht, but denied it had spent up to US$3-4 billion on intervention.