Central Banks
BoJ names new executive director for operations
The Bank of Japan said Tuesday 9 May that it has promoted Hajime Mizuno, director-general of the BoJ's operations department, to the post of executive director in charge of operations and payment and settlement systems.
Afghan bank keeps currency strong with dollars
Afghanistan's central bank, Da Afghanistan Bank, supplies 10 million U.S. dollars each week to bazaar in order to keep the value of the Afghani currency strong, the president of the bank said Sunday 7 May.
A hands-off central banker?
According to the Working Paper "A hands-off central banker? Marriner S. Eccles and the Federal Reserve Policy, 1934-1951" published April 2006, the Federal Reserve after 1935 acquired new instruments to command monetary policy, but it did not change its…
Wages no bar to Fed pause after move tomorrow
There's no reason for Federal Reserve officials to stop thinking about a pause in raising interest rates after going to 5 percent when they meet tomorrow (Wednesday), according to this article published Tuesday 9 May.
Former Fed economist urges more transparency
There is cautious optimism that Federal Reserve chairman Ben Bernanke will bring real transparency to the US central bank, this article published Monday 8 May says.
Bank of Israel publishes minutes
The Bank of Israel said on Monday 8 May it will publish the minutes of meetings in which interest rates are fixed each month from now on.
Bush sees no credibility problem for Bernanke
US President George Bush said in an interview on Friday 5 May that new Federal Reserve chairman Ben Bernanke did not have a credibility problem.
Bangladesh Bank can do more on financial stability
The Bangladesh Bank should play its role as a facilitator to all the scheduled banks to overcome any sort of problem they are facing, this opinion piece published Tuesday 9 May says.
Richmond Fed names new first vice president
Sally Green was named first vice president and chief operating officer of the Federal Reserve Bank of Richmond on Tuesday 9 May, and will oversee the financial services and support areas of the Fifth District operations as of 1 August.
Japan discovers misprints in yen notes
Japan's high-tech money-printing bureau was embarrassed on Tuesday 9 May when 39,500 bills were found to be misprinted.
Comment: Weber reveals his monetary policy stance
Axel Weber set out his thinking on the role of monetary policy and interest rates in three recent speeches. This article explores his views.
El-Erian on global imbalances
Mohamed El-Erian discusses how a re-focused Fund can now tackle the big issues facing the global economy
Central banks should close the governance gap
Central banks seem reluctant to adopt private-sector “best practice” in governance, but there are benefits in doing so says Jeremy Foster
Kansas Fed's Payments system research briefing
The Kansas City Fed's Payments system research briefing for May 2006, examines the potential for fraud associated with various "traditional" payment methods and the protective measures that consumers should take when using them.
PBOC trying to cool overheating sectors
The People's Bank of China is seeking to cool overheating economic sectors such as real estate as well as cut its huge foreign exchange reserves, a senior Chinese government official said.
Comment:Government debt offices gear up for change
Government debt offices play a vital role in managing the cost and risk of government borrowing and in the development of the domestic financial system, but they are frequently overlooked. A recent survey looks at the trends towards concentrated…
Philippines, Japan sign currency swap
The Philippine central bank and the Bank of Japan have signed a currency swap arrangement letting both countries draw from each other's foreign reserves for any "immediate need".
Qatar appoints central bank chief
Qatar appointed a member of its ruling family to the position of head of the central bank on Sunday 7 May, according to the AME Info website.
Angola swears in deputy governors
The Angolan Head of State, Jose Eduardo dos Santos swore in last Wednesday 3 May in Luanda two deputy governors of the National Bank of Angola (BNA).
Bank of Israel names new deputy governor
Bank of Israel governor Stanley Fischer has named Tel Aviv University economics professor Zvi Eckstein for the position of deputy governor, Haaretz reported.
New York Fed's Foreign Exchange Operations Report
According to the Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations quarterly report for January-March 2006, published 4 May, the U.S. monetary authorities did not intervene in the foreign exchange markets during…
Chairman Bernanke's clarity issue
According to this article published Thursday 4 May, while Ben Bernanke is unlikely to make radical changes in the statement issued after the next FOMC meeting, Fed watchers say he could aid his cause by eventually disclosing the central bank's forecasts…
Comment: Unravelling the RBA hike
The Reserve Bank of Australia has joined the world's leading central banks in tightening mode. Last week's rate rise was largely unexpected and opinion is split over how far the central bank will go in hiking rates this year.
Issing to leave ECB but monetarism lives on
Otmar Issing's legacy is set to continue, despite his retirement from the European Central Bank at the end of the month, according to this article published Friday 5 May.