Central Banks
Iran denies Swiss paper's claim of gold withdrawal
An informed source at the Central Bank of Iran was quoted by IRNA on Friday 31 March as denying a story published in a Swiss daily on the withdrawal of 250 tons of Iran's gold reserves from that country's Credit Bank.
Overhaul enhances Sri Lanka's standing in world
According to this article published on Tuesday 28 March, prominent among Sri Lanka's economic and financial reforms in the last two decades was the creation of a modern sophisticated payments infrastructure.
The battle of the central bankers
According to this article published on Wednesday 29 March, central banks around the world are now engaged in a decorous competition to demonstrate their superior communication skills.
Rivals line up for RBA succession
Australian Treasurer Peter Costello has just six months to find a replacement for Reserve Bank of Australia governor Ian Macfarlane. According to this article published on Sunday 26 March, Glenn Stevens may be favourite for the post, but there is still…
Sweden's Rosenberg on monetary policy
In the speech 'Assessment of monetary policy' given on 30 March Irma Rosenberg of the Sveriges Riksbank said safeguarding confidence in the inflation target is of central importance for monetary policy.
Meirelles to stay at Brazil's central bank
At the inauguration ceremony of Brazil's new minister of finance, Guido Mantega, the president of the central bank, Henrique Meirelles, said that he will continue in his post.
McGauchie reappointed to RBA's board
Australian Treasurer Peter Costello on Thursday 30 March reappointed Telstra Corp. chairman Don McGauchie to the Reserve Bank of Australia's board for another five-year term.
BoE's Lomax questions MPC meetings
Bank of England deputy governor Rachel Lomax said in a speech in Oslo on Thursday 30 March that expectations for inflation have fallen and appear well anchored around the official target of 2.0 percent.
Singapore MAS may tighten further
Singapore's monetary policy may turn more aggressive in April to subdue growing inflationary pressures, according to this article published Friday 24 March. Some banks are adopting a hawkish view because recent increases in the consumer price index have…
Danmarks Nationalbank, Monetary Review 1st Q 2006
The Danmarks Nationalbank's Monetary Review for the First Quarter 2006, published 29 March, reports that the economic upswing has continued at full speed in Denmark.
RBI's Reddy on financial sector reform
In the speech 'Financial sector reform and financial stability' given on 10 March YV Reddy of the Reserve Bank of India ruled out speeding up the pace of external financial sector liberalisation.
Fed raises rates again
The Federal Open Market Committee decided Tuesday 28 March to raise its target for the federal funds rate by 25 basis points to 4-3/4 percent.
New ECB premises project
As part of the preparations for the construction of the new ECB premises, the European Central Bank said on Tuesday 28 March that it has commissioned searches of the site.
Turkey's Basci keeps mouth zipped
As the uncertainty over the identity of the next central bank governor continues, Turkey's acting governor Erdem Basci declined to respond to reporters questions on the matter.
Comment: More of the same from Bernanke
The Fed completed its first monetary policy meeting under the chairmanship of Ben Bernanke on Tuesday 28 March. The 25 basis point increase - taking US rates to 4.75% - was a mere formality, but Fed watchers were preparing to pore over the accompanying…
Interview with Malaysia's Zeti
In an interview published Thursday 23 March, Bank Negara Malaysia governor Zeti Akhtar Aziz said the BNM will intervene in foreign-exchange markets to moderate any major outflows, particularly if such moves don't reflect economic fundamentals.
RBA Financial Stability Review, March 2006
The Reserve Bank of Australia published the March 2006 edition of its Financial Stability Review on Tuesday 28 March. Recent developments have been largely favourable from a financial stability perspective, according to the latest Review.
New BOK governor
Lee Seung-tae, designated by President Roh as the Bank of Korea's new governor, inherits both great authority and formidable responsibility, according to this Opinion piece published on Sunday 26 March.
IMF's Rato on Palocci's resignation
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), issued a statement on Monday 27 March on the resignation of Brazilian Finance Minister Antonio Palocci.
China currency reserves top Japan's - report
China overtook Japan to become the world's largest holder of foreign-exchange reserves, the state-owned China Business News said, citing unidentified sources.
Former Mizuho executive may join BoJ board
The Japanese government plans to appoint Tadao Noda, a former deputy president of Mizuho Financial Group Inc. (8411.TO), as a new member of the Bank of Japan's Policy Board, Kyodo News reported, citing government sources.
West Africa seeks new central bank governor
Heads of state of eight west African countries met Monday 27 March to find a new head for the Central Bank of West African States and review progress in fighting a bird flu outbreak in the region.
Schilder on banks and the compliance challenge
In the speech 'Banks and the compliance challenge' given on 16 March Professor Arnold Schilder of the BCBS Accounting Task Force said compliance risk is becoming one of the major risks banks are facing.
Sweden's Nyberg on financial reforms
In the speech 'Financial reforms and financial crises - Swedish experiences' given on 27 March Lars Nyberg of the Sveriges Riksbank said it is dangerous to use regulations to limit competition in the banking sector.