Central Banks
BoE's Bean: Monetary policy in an uncertain world
In a speech on 'Monetary policy in an uncertain world' given on 22 February, Charles Bean of the Bank of England said that uncertainty is an ever-present feature of the economic landscape that monetary policy makers cannot escape.
Bank of England MPC Minutes, 9 &10 February
The minutes from the 9 &10 February meeting of the Bank of England's Monetary Policy Committee published on Wednesday 23 February showed eight members voted to hold interest rates unchanged, with Paul Tucker voting against, preferring a rise in the repo…
Fukui says reserve target assessment in April
Bank of Japan Governor Toshihiko Fukui said Wednesday 23 February the central bank will decide after April if its target for reserves available to lenders is appropriate, adding that the policy of pumping funds into the economy will be maintained.
ECB's Caruana says inflation outlook favourable
European Central Bank governing council member Jaime Caruana said in a speech the eurozone's inflation outlook is relatively favourable and inflation should fall below 2 per cent in the coming months.
ECB policy 'appropriate' according to Tietmeyer
Former Bundesbank President Hans Tietmeyer said in an interview with Bloomberg television the European Central Bank's interest rates were at the right level and called on countries to respect for the European Union's rules on budget deficits.
IMF's Rajan says Europe needs 'balanced' Pact
Europe needs balanced budget rules to boost economic growth, the IMF's Chief Economist Raghuram Rajan said in an interview published on Wednesday 23 February, referring to recent plans to revamp the European Union's Stability and Growth Pact.
South Korea's central bank denies dollar sale plan
The Bank of Korea denied on Wednesday 23 February that it planned to offload its US dollar assets after media speculation it was about to do so sent the US currency falling.
SNB's Hildebrand on the hedge fund industry
In a speech on 'Developments in the Hedge Fund industry' given on 4 February, Philipp Hildebrand of the Swiss National Bank said hedge funds have been an important source of innovation in the asset management industry. They have rendered financial…
Hurley: Ireland's & Europe's economic performance
In the speech 'Some perspectives on Ireland's and Europe's economic performance' given on 28 January, John Hurley of the Central Bank and Financial Services Authority of Ireland warned about competitiveness threats to both the Irish and European…
Bank of Japan Minutes, 18 and 19 January
The Bank of Japan's minutes from its 18 and 19 January monetary policy meeting published on Tuesday 22 February revealed that board members discussed lowering the central bank's liquidity target as a response to improved financial stability.
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia has published its First Quarter 2005 Survey of Professional Forecasters. Economic growth in the first half of 2005 looks stronger now than it did three months ago, according to 36 forecasters surveyed.
BIS's Sleeper: How cbs manage their finances
In a speech 'How central banks manage their finances' given on 18 February, Robert Sleeper of the BIS said the fact that central banks are increasingly taking risks in an attempt to improve the return on their reserves raises the question of whether or…
Bundesbank's Weber visits Riksbank
The President of the Deutsche Bundesbank, Professor Axel A Weber, was due to visit the Sveriges Riksbank on Tuesday 22 February.
Colombia to sell $1 billion in foreign reserves
Colombia's central bank will sell the government at least $1 billion in foreign reserves to help prepay debt, according to the Finance Minister, Bloomberg reported.
Rating agency positive on Lebanon reserves
Leading international rating agency Standard & Poor's said on Monday 21 February that Lebanon's central bank foreign currency reserves will not be affected in the short term by the murder of former Premier Rafik Hariri.
BoE's Barker says uncertainty prevented rate rise
Bank of England Monetary Policy Committee member Kate Barker was reported as saying in an interview that the uncertain short-term outlook for the UK economy prevented the nine-member MPC from raising interest rates in February.
Bank of Korea plans to diversify reserves
South Korea's central bank has said it plans to diversify its reserves, which are the world's fourth largest, into a greater variety of currencies. It's reserves have traditionally been held in U.S. Treasuries and agency debt.
Interview: Seung Park
The governor of the Bank of Korea discusses reserve management, central bank independence and closer cooperation in East Asia in conversation with Robert Pringle.
Politicians’ itch to interfere
Central Banking takes a look at some recent skirmishes between central bankers and politicians. A report by economics correspondent Paul Brione.
A framework for financial stability
Five questions must be answered by those looking for a way to formulate policy in financial stability, says Andrew Haldane.
News Analysis : The rise of reserve management
Nick Carver looks back on two surveys1 of central bank reserve managers.
Lessons learned from outsourcing at Norges Bank
Can a central bank outsource IT services that are systemically important? Semming Austin recounts the approach taken by Norges Bank.
IT systems in smaller central banks
Central bank IT cannot stand still, but limited resources mean smaller institutions must plan carefully, says Terry Beadle.