Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Markets focus too much on dollar says Weber
The financial markets are putting too much focus on the declining dollar, Bundesbank President Axel Weber said Friday 28 January.
Iran-Hong Kong cbs explore mutual ties
Officials from the Hong Kong Monetary Authority and Iran's central bank explored ways of mutual cooperation on Friday 28 January.
Greenspan to testify on economy, policy 16 Feb
Federal Reserve Chairman Alan Greenspan will testify on the U.S. central bank's semiannual report on monetary policy Feb. 16 before the Senate Banking Committee, the panel said on Friday.
Nyberg on the Swedish payment market
In a speech on 'Prices and costs in the Swedish payment market' given on 25 January, Lars Nyberg of the Sveriges Riksbank reveals the results of a study into how well the price structure for retail payments reflects the underlying production costs for…
MAS's Palmer: Innovation in retail payment systems
In the speech 'Fostering innovation and promoting consumer interests in retail payment systems' given on 11 January John Palmer of the Monetary Authority of Singapore said MAS will continue to act as a facilitator for the retail payment industry,…
Bank of Canada Monetary Policy Report Update
The Bank of Canada released its Update to the October Monetary Policy Report on 27 January. The Canadian economy is expected to operate a little further below its full production capacity in 2005, according to the update.
Banker named favourite for BSP top job
Former Far East Bank president OV Espiritu could be favourite to succeed Rafael Buenaventura at the Philippines central bank (BSP), the Philippine Daily Inquirer reported this week.
BSP wins ruling on pay increases
The Bangko Sentral ng Pilipinas has been freed by the Supreme Court to raise staff salaries to levels more aligned with the private sector.
World Bank appointment getting 'careful attention'
World Bank President James Wolfensohn told staff on Wednesday 26 January that the search for his successor was getting "careful attention" from the Bush Treasury but he was tight lipped on possible candidates.
Figures show counterfeit euro coins on the rise
Figures show that in 2004 there was a substantial rise in the number of fake euro coins removed from circulation, according to European Anti-fraud Office (OLAF).
Riksbank leaves interest rates unchanged
At its meeting on Wednesday, 27 January, the Executive Board of the Sveriges Riksbank decided to leave the repo rate unchanged at 2 per cent. Inflation, measured in terms of UND1X, is expected to be roughly in line with the Riksbank's target two years…
Does Europe need stability or flexibility?
After long fighting a weakening of the stability and growth pact, it now appears as if Brussels is willing to play along. This article looks at the expected revamp of the pact and asks whether it will hurt or help Europe's economy.
Italy nominates candidate for ECB board
Italy nominated Lorenzo Bini Smaghi, a senior finance official in Rome, as candidate for the European Central Bank's executive board this week.
Bank of Italy faces strike threat
Unions have threatened to call a series of strikes between mid February and mid March, to protest against the Bank of Italy's executives' decision to amend the agreements reached with the unions.
Greenspan and King to receive Scottish honour
The University of Edinburgh will present Alan Greenspan and Mervyn King with honorary degrees at a graduation ceremony on 7 February.
Somalia's central bank chief gets second term
Dr Mohamud Mohamed Ulusow has been re-appointed as governor of the Central Bank of Somalia for the second time.
Interview with ECB's Gonzalez-Paramo
In an interview published on Thursday 27 January, ECB Executive Board member Jose Manuel Gonzalez-Paramo describes working at the ECB as the pinnacle of a career devoted largely to central banking, after a decade spent working within the governing bodies…
Hans Genberg appointed Executive Director at HKMA
The Hong Kong Monetary Authority announced on Monday 24 January the appointment of Hans Genberg as Executive Director in charge of research with effect from 7 February.
Interview with Trinidad & Tobago's deputy governor
Amoy Chang Fong, deputy governor of the Central Bank of Trinidad and Tobago, is due to retire at the end of January after 36 years at the bank. In an interview published this week she said the position of the central bank "at the heart of the economy"…
Interview with San Francisco Fed's Janet Yellen
Federal Reserve Bank of San Francisco president Janet Yellen gave an interview this week in which she expressed optimism about the US economy. The world economy looks on track for moderate growth and China has been trying to moderate its growth with the…
The Greenspan succession
In an article published this week Paul Krugman says the Bush administration will have a hard time finding a successor to Alan Greenspan, who is expected to retire next year. Feldstein and Hubbard are mentioned, but Krugman warns that appointing a "yes…
Bulgaria's central bank sees forex reserves rise
Bulgaria's central bank (BNB) currency reserves as of last Friday increased to the equivalent of leva (BGN) 13.704 billion from BGN12. 759 a week earlier, the bank said.
ECB's Issing says recovery still on track
Economic recovery in the euro zone remains on track, with the pace of growth set to accelerate later this year, European Central Bank chief economist Otmar Issing said in a speech on Wednesday 26 January.
Brazil's COPOM ready to raise rates if necessary
Brazil's central bank is ready to raise interest rates and will accelerate increases if necessary to control inflation, according to the minutes of its COPOM meeting held last week released on Thursday 27 January.