Central Banks
Hoenig on monetary policy, economic outlook
In the speech 'Monetary policy and the economic outlook' given on 3 October Thomas Hoenig of the Federal Reserve Bank of Kansas City said U.S. economic growth looks set to soften as 2006 nears an end, but strong business investment should prevent any…
Trichet on bank transfer data from SWIFT
In a speech on the interception of bank transfer data from the SWIFT system by the US secret services given on 4 October Jean-Claude Trichet of the ECB said warned the European Parliament that any disruption to the SWIFT bank data sharing system could…
Swiss Re appoints Ferguson financial services head
Swiss Re announced Wednesday 4 October the appointment of Roger W. Ferguson, Jr., as Head of Financial Services and a Member of Swiss Re's Executive Committee, effective immediately.
Interview with NBP's Leszek Balcerowicz
In an interview with AP, published on Tuesday 3 October, the head of Poland's central bank said the bank is suffering the "most extreme" attacks on its independence since communism fell in 1989.
Where did market volatility go?
In this editorial, published Thursday 5 October by The Korea Herald, former IMF chief economist Kenneth Rogoff says an uneerie calm has engulfed virtually every major asset class, from stocks to bonds.
ECB raises rates, signals more to come
European Central Bank President Jean-Claude Trichet signalled the bank plans to raise its key interest rate again in December after raising eurozone rates on Thursday 5 October.
ECB not hamstrung by consensus decisions
According to this article published on Tuesday 3 October by Reuters, new information that the European Central Bank's Governing Council holds informal votes suggests it is not as clumsy and slow as some believed.
Dallas Fed says monetary policy is losing effect
According to a new paper in the Federal Reserve Bank of Dallas' Economic Letter series, monetary policy is losing its bite.
Post-coup Thai cabinet announcement expected
Thailand's interim, post-coup cabinet is likely to be announced tomorrow or Friday, Bank of Thailand chief Pridiyathorn Devakula said on Wednesday 4 October.
ECB says final decision on T2S in 2007
The European Central Bank will make a final decision on whether to proceed with its proposed Target 2 Securities settlement system in the first half of 2007, executive board member Gertrude Tumpell-Gugerell said Wednesday 4 October.
Swift defends role in data exchange
Swift, the Belgian company accused of transferring data on financial transactions to the US authorities, has refuted claims that it acted illegally.
Change at top likely at Bank of Thailand
This article from the Bangkok Post, published Tuesday 3 October, focuses on potential replacements for Bank of Thailand as M.R. Pridiyathorn Devakula after he confirmed he had been approached to join the interim cabinet.
Bahrain to revamp payment system
The Central Bank of Bahrain (CBB), formerly the Bahrain Monetary Agency (BMA), is in the process of revamping the national payment system, Trade Arabia reported.
Study shows rising trend in Venezuela's reserves
The Venezuelan financial system has seen an important growth in its international foreign currency reserves, reaching more than 35 billion dollars at the end of September, according to a new study.
Saccomani takes up Bank of Italy role
Fabrizio Saccomani took up his new role as director general of Italian central bank Banca d'Italia, La Stampa said Monday 2 October.
Rick Hou on Solomon Islands bank notes
In the speech 'Launching of Solomon Islands' new and revised bank notes' given on 2 September Rick Houenipwela of the Central Bank of Solomon Islands said in the Solomon Islands currency development is influenced by various socio-economic factors.
Monetary policy in the media
This European Central Bank Working Paper, published 29 September, analyses the coverage which ECB monetary policy decisions receive in the print media, and the determinants of its extent and of its favourableness.
St. Louis Fed's Poole on data dependence
In the speech 'Data dependence' given on 29 September William Poole of the Federal Reserve Bank of St. Louis said inflation must be kept under wraps, but if both growth and price pressures were sufficiently weak, he would back a reduction in U.S…
BOK apologises over driver, guards salaries
The Bank of Korea has apologized for giving high salaries to drivers and guards stationed at its headquarters and promised to streamline its organization, The Korea Herald reported Monday 2 October.
RBA's Lowe on payment systems evolution
In a speech given on 27 September Philip Lowe of the RBA said over the past year or so, the Reserve Bank has been examining the architecture and governance of Australia's payment systems and the range of payment products offered in Australia.
Gonzalez-Paramo on the design of monetary policy
In the speech 'Expectations, uncertainty and the design of monetary policy' given on 28 September Jose Manuel Gonzalez-Paramo of the ECB said as regards the predictability of monetary policy, policy moves have been well anticipated by money markets.
Interview with Central Bank of Yemen's Al-Maswari
In an interview published by the Yemen Times on Friday 29 September, the chairman of the Central Bank of Yemen, Hussian Al-Maswari, said the government of Yemen represented by the Central Bank should give more attention to developing the banking industry.
Riksbank to sell 10 tonnes from gold reserves
Sweden's Riksbank said on Friday 29 September it intends to sell up to 10 tonnes of its gold reserves between Sept 2006 and Sept 2007, in order to obtain a better risk-adjusted return on the its assets.
ECB will move forward with financial integration
A European Central Bank executive board member signalled in comments to the Financial Times, published Friday 29 September, that the ECB will push ahead with plans to increase eurozone financial integration by providing securities settlement services,…