Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Norway's Gjedrem appointed to second term
Norges Bank governor Svein Gjedrem was appointed to a second term on Friday 29 October. Press reports described the move as a vote of confidence for his management policies.
Interview with Central Bank of Nigeria's Soludo
In a recent interview Central Bank of Nigeria governor Charles Soludo talked about his plan to increase banks' minimum capital requirement. Soludo gives his opinion on some of the most talked-about points of his plan.
Mexico's interest rates set to rise further
Mexico's central bank Deputy Governor Jesus Marcos Yacaman has said the country will continue to raise interest rates following seven increases this year, in order to bring down inflation.
ECB, BOJ officials to join bilateral meeting
Officials from the European Central Bank and Bank of Japan will for the first time participate in the annual vice ministerial meeting in Tokyo on 11 Nov. to discuss foreign exchange developments and China's dollar-pegged currency system, EU sources said…
Argentina passes financial system reform package
Argentine central bank president Martin Redrado and four local banking associations, ABA, ADEBA, ABAPPRA and ABE have approved a new banking sector reform package called Compensacion Federal Uniforme, the central bank said in a statement.
PBOC deputy says China to continue yuan reform
China plans further measures to reform the exchange rate, the official Financial News reported, citing Li Ruogu, deputy governor of the People's Bank of China, the country's central bank.
ECB press conference with questions and answers
At the ECB's post-meeting press conference on Thursday 4 November, after eurozone interest rates were held unchanged, Jean-Claude Trichet gave a tougher warning about the immediate inflationary dangers ahead, calling a recent jump in consumer prices a …
ECB paper on transmission of monetary policy
This ECB Working Paper examines possible explanations for observed differences in the transmission of euro area monetary policy in central bank large-scale macroeconomic models. It finds that, against most yardsticks, the cross-country variations in the…
IMF paper: new taxonomy of monetary regimes
This IMF Working Paper proposes a new taxonomy of monetary regimes defined by the choice and clarity of the nominal anchor. The regimes are: (i) monetary nonautonomy, (ii) weak anchor, (iii) money anchor, (iv) exchange rate peg, (v) full-fledged…
Fed Reserve Bank of St Louis Review, Nov/Dec 2004
The latest edition of the St Louis Fed's Review for November-December 2004 includes the article "Monetary policy and asset prices: A look back at past U.S. stock market booms" which examines the economic environments in which past U.S. stock market booms…
The roughest terrain in China's central banking
This article makes comparisons between China's first interest-rate increase since 1995 recently and the actions of Paul Volcker at the Federal Reserve back in October 1979. PBOC governor Zhou Xiaochuan needs to bring fresh thinking and unconventional…
Norway's central bank leaves key rate unchanged
Norway's central bank announced Wednesday 3 November that its key interest rate would remain unchanged at a record low 1.75 per cent.
BOT chief says economy continues to grow
The Governor of the Bank of Thailand (BOT), M.R. Pridiyathorn Devakula, said on Tuesday 2 November that the Thai economy had continued to expand satisfactorily despite the downward revision of economic growth estimate.
IMF says Germany's budget aims 'challenging'
The International Monetary Fund (IMF) has warned in a report that Germany's budget deficit could breach EU rules in 2005 if additional economic measures are not taken by the government.
World central bank gold holdings down 3.2%
Analyst John C Tumazos of Prudential Financial said on Tuesday 2 November that world central bank gold holdings have declined by 3.2% since November 2002.
Romanian central bank lowers rates
Romania's central bank has announced that it has lowered its key interest rate by 0.5 percentage points to 18.25%.
Norges Bank Inflation Report, November 2004
Norway's central bank, Norges Bank, has published its latest Inflation Report for November 2004. The report said the effects of high oil prices on the Norwegian economy are mixed. Lower external demand will have a negative impact on some Norwegian…
Asian central banks on the horns of policy dilemma
These are tricky times for Asian central banks, this article reports. With semi-public wranglings between central banks and finance ministries, this is one of the least predictable environments for policy forecasting since the 1997-98 Asian financial…
State Bank of Pakistan - Annual Report 2003-2004
The State Bank of Pakistan has published its Annual Report for the year 2003-2004. The annual report said strong GDP growth in 2003-04 was led by the large-scale manufacturing sector, which was fuelled by higher demand stemming from a record growth in…
Riksbank's Rosenberg on monetary policy
In a speech on 'Monetary policy and the conditions for growth' given on 1 November, Irma Rosenberg of the Sveriges Riksbank said the Riksbank sees Swedish GDP growth of 2.0-2.5 pct over the longer term.
Argentina's Redrado on cb's 6-yr goals
In a speech on 'Central Bank of Argentina's key mission for the next six years' given on 5 October, Martin Redrado of the Central Bank of Argentina said our goals are to consolidate price stability and restore the peso's role and value. Create a…
Fed's Ferguson on business investment
In a speech on 'Factors influencing business investment' given on 26 October, Roger Ferguson of the Federal Reserve said US businesses are discarding their earlier caution and investing more in capital goods and structures.
Korea's central bank to restructure
The Bank of Korea (BOK) is to revamp its internal structure in an apparent bid to repair its reputation as an influential voice in the nation's economy, the Korea Times reported Tuesday.
Central bank of Oman awards RTGS project to Imtac
The Central Bank of Oman (CBO) has signed a contract for the implementation of Real Time Gross Settlement (RTGS) with Imtac LLC, a leading IT solutions vendor, the Times of Oman reported Tuesday.