Monetary Policy
Santomero says Fed's regional diversity important
Federal Reserve Bank of Philadelphia President Anthony Santomero made no comment on the economy or the outlook for interest rates at an event at the Philadelphia Stock Exchange on Monday 1 November but said the Fed's regional diversity helped ensure…
BoJ to take time on ending ultra-loose policy
Bank of Japan Governor Toshihiko Fukui said on Tuesday 2 November that the central bank will take its time in determining the time to abandon the current ultra-loose monetary policy.
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.
Trends in money market operations
How will the Bank of England’s new system compare with the frameworks used by the ECB and other leading central banks? Central Banking looks at recent changes.
London’s new model money markets
Bill Allen, who retired last year as director for Europe at the Bank of England, discusses the Bank’s recent plans to change how it sets interest rates.
Mexico on an upswing
Mexico’s inflation has come down and the economy has recovered sharply, but can the central bank keep up the good work? Benedict Mander reports.
Turkey gains monetary credibility
Nick Carver reports on Turkey’s struggle for monetary credibility and its plan to celebrate with a new lira: is it too good to be true?
News Analysis: Chinese central banker calls on the Fund to adjust
More countries should have a meaningful say at the IMF, according to Li Ruogu.
News Analysis: Key insight embodied in new technology
Following the news that this year’s winners of the Nobel prize for economics are Finn Kydland and Edward Prescott, Paul Brione spoke with Edward Prescott, who currently works at the Federal Reserve Bank of Minneapolis. Here is his report on their…
How Nobel prize winner changed central banking
Edward Prescott, recent recipient of the Nobel prize for economics, spoke to Central Banking's Paul Brione about the monetary policy research which won him the prize. CentralBankNet brings you an exclusive extract.
Fed's Ferguson on equilibrium real interest rate
In a speech on 'Equilibrium real interest rate: Theory and application' given on 29 October, Roger Ferguson of the Federal Reserve said that policymakers cannot rely on a formula to decide the proper level for U.S. interest rates, but must always judge…
Buba's Weber on the state of European integration
In the speech 'State and challenges of the European integration' given on 25 October Axel Weber of the Deutsche Bundesbank said we have a good prospect of dealing successfully with the growing diversity of the EU economy after enlargement if monetary,…
Sweden's Heikensten at the Riksdag Committee
In a speech on monetary policy given to the Riksdag Committee on Finance on 14 October, Lars Heikensten of the Sveriges Riksbank said as the economic upturn progresses and resource utilisation increases further, it is reasonable to assume that monetary…
Fukuma on recent economic developments in Japan
In a speech on 'Recent economic and financial developments in Japan' given on 30 September Toshikatsu Fukuma of the Bank of Japan said growth in Japan this fiscal year will exceed the central bank's 3.1 percent forecast as the Japanese economy heads…
IMF paper on the art of central banking
The IMF working paper 'Deconstructing the art of central banking' proposes a significantly different transmission mechanism from monetary policy to the macroeconomy, focusing on how policy changes nominal inertia in the Phillips curve. The authors find…
BoE's CCBS organising seminar in Bahrain
The Bank of England's Centre for Central Banking Studies (CCBS) is organising the first Monetary Policy and Operations seminar in Bahrain this month.
Moskow stresses importance of local economies
Chicago Federal Reserve President Michael Moskow spoke at a conference on Friday 29 October, but made no comments on the economic outlook or monetary policy.
Sveriges Riksbank alters management forms
At its meeting on 13 October, the Executive Board of the Sveriges Riksbank decided to make certain changes in the way the bank is managed. Responsibility of members of the Executive Board for preparing matters from the departments will be replaced by a…
Danmarks Nationalbank appoints head of Secretariat
As of 1 November, Karsten Biltoft, Head of Division, is appointed Head of Danmarks Nationalbank's Secretariat which, among other things, is responsible for external and internal communication.
Interview with Dr YV Reddy, Governor of the RBI
This interview was given to Emerging Markets on the occasion of the magazine presenting Dr YV Reddy of the Reserve Bank of India the Best Central Bank Governor of the year award. Issues considered for such nominations include "strong track record,…
Interview with Philadelphia Fed's Santomero
In an interview published last Friday, 22 October, Philadelphia Fed President Anthony Santomero said that the Federal Reserve will be able to slow down the pace of interest rate rises if the economy grows less rapidly than it expects.
Federal Reserve appoints regional Fed chairmen
The Federal Reserve Board on Wednesday 27 October announced the appointment of the chairmen and deputy chairmen of the twelve Federal Reserve Banks for 2005. Each Reserve Bank has a nine-member board of directors. The Board of Governors in Washington…
Former Bank of Italy governor gets pacemaker
Italian President Carlo Azeglio Ciampi, who was governor of the Bank of Italy between 1979 and 1993, underwent surgery to install a pacemaker last week, his office said.
Yushchenko went from central bank to politics
Viktor Yushchenko, who was governor of the National Bank of Ukraine through most of the 1990s, goes into Sunday's presidential election in the Ukraine as the main opposition candidate. This article assesses his chances, and also takes a look at his…