Central Banks
South Africa details forecasting model
The Reserve Bank of South Africa has published a paper describing the key stochastic equations in its core model, which is used for forecasting purposes at Monetary Policy Committee (MPC) meetings.
Central Bank of Iran - Annual Report 2005/06
The Central Bank of Iran has published its annual report.
Slovenia's Kranjec: subprime may hurt EU
Marko Kranjec, the governor of the Bank of Slovenia, has said the US subprime mortgage crisis could affect eurozone consumer demand. His comments appear to contradict those of other members of the European Central Bank's (ECB) governing board.
China set to inject $60 billion in state banks
The People's Bank of China will inject $60 billion of its vast foreign exchange reserves into two state banks through its Central Huijin Investment arm.
Indonesia holds rates
After two 25 basis point cuts in as many months, Bank Indonesia decided today to hold its benchmark interest rates at 8.25%
Mboweni predicts interest rate increase
Tito Mboweni, the governor of the Reserve Bank of South Africa, says the central bank is more likely to raise interest rates than reduce them at its policy meeting next week.
Bank of Greece - Annual Report 2006
The Bank of Greece has published a 100-page summary of its 2006 annual report.
Bank of Israel - Annual Report 2006
The Bank of Israel has published its 2006 annual report, reflecting on a strong year for the Israeli economy.
IMF board backs global imbalances plan
The board of the International Monetary Fund (IMF) has backed a plan for conducting multilateral surveillance aimed at reducing global imbalances.
Burundian central bank chief arrested
Isaac Bizimana, the governor of the Bank of Burundi, was arrested Saturday 4 August on suspicion of embezzlement. The alleged embezzlement involves payments made to Interpetrol, an oil company, between 1996 and 2002.
South Africa's Mboweni on monetary policy risks
In this speech Tito Mboweni, the governor of the South African Reserve Bank, outlines some of the major concerns currently facing the central bank.
South African inflation target band remains
The South African Reserve Bank's current inflation target band of 3% to 6% will be maintained despite criticism from the International Monetary Fund (IMF), finance minister Trevor Manuel announced on Monday 6 August.
Czech central bank predicts further rate hikes
The Czech National Bank will increase interest rates if its macroeconomic forecast is correct, minutes of latest policy meeting, released on Friday 3 August, revealed.
Philippines to hold rates
Amando Tetangco, governor of the Central Bank of the Philippines, hinted that interest rates would remain unchanged for the foreseeable future.
Polish inflation to stay below 3.5% until 2009
Slawomir Skrzypek, the governor of the National Bank of Poland, says inflation will not top 3.5% in the next two years. Interest rates, he added, should remain unchanged as a result.
New Zealand breaks with the Brash era
Going for growth will come back to haunt the Reserve Bank and its governor, writes Rodney Dickens
A crisis of identity
The loss of its managing director could not have come at a worse time for an IMF looking to remodel itself. Klaus Engelen reports
How to manage system risks
Many central banks can forget best-of-breed solutions for IT systems. Terry Beadle offers some realistic proposals
The pretend market for money
The current approach to monetary operations is complex, unnecessary and expensive, argues Julian Wiseman
Does the global output gap matter?
Recent studies point to the increasing importance of global economic forces for domestic inflation. But policymakers are far from convinced, writes Assistant Editor Malan Rietveld
Reform in the midst of crisis
George Abed tells the story of the development of Palestine’s central bank
News analysis: Gulf economies: divided we stand
Kuwait’s decision to loosen its dollar peg may herald an era of greater national economic independence in the Gulf, writes Narayan Lakshman.
News analysis: India’s foreign exchange debate
A proposal for the Reserve Bank to part with some of its reserves risks setting a dangerous precedent, writes Narayan Lakshman