Central Banks
Comment: Bold CBT holds its breath
After another emergency meeting over the weekend the Central Bank of Turkey has raised interest rates by 225 basis points (bp). This has taken interest rates to 17.25%, following an initial hike of 175 bp earlier this month. Will this bold move make any…
Garganas says ECB may aggressively raise rates
European Central Bank council member Nicholas Garganas said in an interview the bank is ready to accelerate the pace of interest-rate increases to counter higher inflation risks in the eurozone.
Costello hopes to harness Macfarlane talents
Treasurer Peter Costello has said he hopes outgoing Reserve Bank of Australia governor Ian Macfarlane will consider working with the government after he retires.
US monetary policy
The course of U.S. monetary policy is "appropriate" and the country's rate of economic growth should slow in the second half of the year, International Monetary Fund Managing Director Rodrigo Rato said in Madrid.
Israel's Fischer on The Paris Club at Fifty
In the speech 'The Paris Club at Fifty' given on 14 June Stanley Fischer of the Bank of Israel said the Paris Club has become concerned that countries that have received debt relief are borrowing heavily from other official lenders, who are not members…
Korea's Seong-Tae Lee on monetary policy
In the speech 'Monetary policy in an environment of low inflation' given on 16 June Seong-Tae Lee of the Bank of Korea said the emergence of global low inflation is of course a welcome phenomenon for central banks, for whom price stability is the top…
ECB keeping rate options open says Quaden
The European Central Bank is not ruling out the possibility of an interest rate hike in early August, ECB governing council member Guy Quaden was quoted as saying in an interview published Monday 26 June.
BIS Board of Directors elects three new members
The Board of Directors of the BIS announced Monday 26 June the election of three additional central bank Governors as members of the Board of Directors of the BIS.
Donald Kohn appointed Chairman of the CGFS
At their meeting in Basel this weekend, the Governors of the central banks of the Group of Ten (G10) countries appointed Donald L Kohn as Chairman of the Committee on the Global Financial System (CGFS).
David Walton
This Obituary, published Friday 23 June, says that David Walton was a tough-minded economist who capped a brilliant City career with a seat on the Bank of England's Monetary Policy Committee.
HKMA's Choi on the debt market of Hong Kong
In the speech 'The debt market of Hong Kong - What can we offer to investors?' given on 13 June Y.K. Choi of the Hong Kong Monetary Authority said there are a few fundamental factors which make Hong Kong an ideal place for the bond market.
Comment: Vacant BoE MPC seats
Following the sad and unexpected news of the death of David Walton, a member of the Bank of England's Monetary Policy Committee, the British Treasury has yet another appointment to make.
China can convert part of FX to gold - report
Two central bank officials suggested China can convert part of its foreign exchange reserves to gold holdings to head off risks from the depreciation of the US dollar, China's state media reported.
The IMF's balance-sheet and credit risk
The authors of this Bank of Canada Working Paper examine the characteristics of International Monetary Fund (IMF) lending from the 1960s to 2005. They find that there has been an increase in portfolio concentration and that lending terms have effectively…
Buba's Weber says ECB 'very accommodative'
Bundesbank president Axel Weber said on Friday 23 June that the European Central Bank's monetary policy remains very accommodative despite the June 8 interest rate increase.
Comment: Uganda eyes inflation target
The Bank of Uganda will implement an inflation-targetting framework in the near future, the governor of the central bank, Emmanuel Tumusiime-Mutebile, told CentralBankNews.com. Only a lack of adequate and timely data is holding it back.
Atlanta Fed's Guynn set to retire
Jack Guynn, president of the Federal Reserve Bank of Atlanta, announced Thursday 22 June that he plans to retire effective from 1 Oct 2006.
Mark Olson resigns from Fed
Mark W. Olson submitted his resignation Wednesday 21 June as a member of the Board of Governors of the Federal Reserve System, effective June 30, 2006.
BOJ members closely watching stock prices
Minutes of the Bank of Japan's recent policy board meeting released Tuesday 20 June said members need to closely watch the impact of a global decline in stock prices on the world's second-largest economy.
Bank of England voted 7-1 to hold rates
Bank of England policymakers voted 7-1 to leave UK interest rates unchanged at their 7-8 June meeting, minutes released Wednesday 21 June showed.
Former Fed vice chairman joining Swiss Re
Former Federal Reserve vice chairman Roger Ferguson is joining global reinsurance company Swiss Re in a senior executive position, the company announced on Monday 19 June.
Fed's Kohn on the effects of globalization
In the speech 'The effects of globalization on inflation and their implications for monetary policy' given on 16 June Donald Kohn of the Federal Reserve said cutting U.S. inflation "could be difficult and costly" once it rose.
Fed's Olson named chairman of PCAOB
Federal Reserve governor Mark Olson was named on Monday 19 June as head of the Public Company Accounting Oversight Board, a U.S. watchdog that polices corporate auditors.
Senate approves Kohn as Fed vice chairman
The U.S. Senate approved the nomination of Federal Reserve governor Donald Kohn on Monday 19 June, to be vice chairman at the US central bank.