Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Russia's c bank allegedly a corruption hotbed
RUSSIA - An independent study released Tuesday warns of alleged deep-reaching roots feeding corruption at the Central Bank.
Finnish minister objects to one central bank pick
FINLAND - A senior Finnish minister on Wednesday proposed an alternative candidate to fill one of the vacant board positions at the Bank of Finland, setting up a possible showdown with the central bank's supervisors.
Polish c bank mulls making its debt tradable
POLAND - Poland's central bank may switch its untradable debt into tradable paper, Monetary Policy Council (MPC) member Wieslawa Ziolkowska said on Wednesday.
FOMC officials say they're armed and ready
US - Federal Reserve officials are seeking to quell suspicions they're running out of manoeuvring room.
New audit won't affect criminal process, Indonesia
INDONESIA - Finance Minister Boediono guaranteed on Tuesday that a new audit on the abuse of US$13 billion of Bank Indonesia emergency loans would not put an end to criminal investigations.
Russia's c bank assets reach 1.68 trillion rubles
RUSSIA - The Central Bank of Russia had assets of 1.688 trillion rubles as of 1 October, compared with 1.682 trillion rubles a month earlier.
C bank halves reserves required in the Philippines
PHILIPPINES - In a move that could free up funds for lending and ease pressure on banks' earnings, the Philippine Central Bank decided to halve the general reserves it requires banks to set aside to cover possible loan losses.
Verdict is delayed in Indonesian bank scandal
INDONESIA - An Indonesian court Wednesday postponed announcing its verdict on a multimillion-dollar corruption scandal allegedly involving the head of Indonesia's central bank.
Delay in naming new c bank dep gov in Indonesia
INDONESIA - The House of Representatives is expected to delay the appointment of three new Bank Indonesia deputy governors because of a month-long recess starting Wednesday, the Jakarta Post reports.
Fed survey finds further slowing of the economy
USA - Contradicting growing confidence elsewhere that the recession is bottoming out, a Federal Reserve survey found more signs of further slowing than of recovery.
Risk-averse BoJ shuns unorthodox economic measures
ARTICLE - Bank's board meeting today is not expected to yield significant action, reports the London FT 29 November.
Federal Reserve Board - Beige Book
REPORT - Prepared at the Federal Reserve Bank of Richmond and based on information collected before November 19, 2001. This document summarizes comments received from business and other contacts outside the Federal Reserve and is not a commentary on the…
Speech by Joseph Yam of the HKMA
SPEECH - Opening remarks by Joseph Yam, JP, Chief Executive, Hong Kong Monetary Authority to the Hong Kong Foreign Exchange and Money Market Practices Committee Conference on Challenges and Opportunities in the New Century, 22 November.
Speech by Eugenio Domingo Solans of the ECB
SPEECH - Speech delivered by Prof. Eugenio Domingo Solans, member of the Governing Council and of the Executive Board of the European Central Bank (ECB) at the CEPR/ECB Workshop on Issues in the Measurement of Price Indices,Frankfurt, 16 November.
Speech by Ernst Welteke, Bundesbank President
SPEECH - Speech by Ernst Welteke, President of the Bundesbank. In the speech titled 'Germany as a Financial Centre - European Perspectives for Japanese Markets' Welteke said that the introduction of the euro will not change the overall economic situation…
Speech by Ernst Welteke, Bundesbank President
SPEECH - Speech by Ernst Welteke, Prasident der Deutschen Bundesbank delivered to the Japanese Bankers' Association in Tokyo, 28 November.
Argentine central bank moves to cap interest rates
ARGENTINA - Argentina's Central Bank has entered potentially dangerous new territory this week, trying to impose ceilings on the interest rates banks pay depositors.
Buba Welteke: Euro undervalued, dollar overvalued
JAPAN- Deutsche Bundesbank President Ernst Welteke said Wednesday that while foreign exchange rates are decided by the market, the euro is undervalued against the dollar.
Japan's bond market gets the jitters over debt
JAPAN - The Japanese government bond market was hit by a new bout of jitters on Monday as concern rose that the country's debt could soon be downgraded again - and signs emerged that Japanese banks were selling more JGBs.
Shanghai opens gold exchange
CHINA - China's gold markets will reach a milestone today with the low-key opening of a new exchange in Shanghai to trade the precious metal, which has been controlled by a rigid state monopoly for more than five decades.
Thailand may sue ex-central bank chief
THAILAND - Thailand's public prosecutor has recommended suing Rerngchai Marakanond, former central bank governor, for $1.6m ( £1.1m) for exhausting the country's foreign currency reserves in a failed defence of the baht, the trigger for the 1997 Asian…
German regulator may follow US
GERMANY - The integration of European capital markets means Germany's securities regulator will need to model itself increasingly on the US Securities and Exchange Commission, according to Georg Wittich, the German authority's chairman.
IMF in support of bankruptcy plan
UK - The International Monetary Fund's management has thrown its weight behind a radical plan for an international bankruptcy procedure, allowing indebted governments to seek legal protection from their private sector creditors.
Economics guru warns on UK recession
UK - The threat of inflation in the UK is greater than the Bank of England's Monetary Policy Committee thinks, according to one of its nine influential members.