Central Banks
Audit committees in central banks
This IMF Working Paper reviews the tasks and design of audit committees, increasingly recommended as a way to strengthen financial accountability and good central bank governance.
Italy's Draghi: Governor Baffi's financial policy
In the speech 'Reflections on monetary and financial policy - Governor Baffi's monetary policy' given on 15 March Mario Draghi of the Bank of Italy said Paolo Baffi was governor of the Bank of Italy during five of the most difficult years Italy has known.
NBP to publish minutes of meetings
Poland's central bank said Tuesday 3 April it will start to publish minutes from policy meetings of its interest rate-setting panel on 24 May, in a move analysts hope will offer more clarity on future monetary policy.
Garganas says ECB must be ready to act decisively
Favorable inflation trends appear to be waning in the euro one economy which is enjoying another year of strong growth, and the European Central Bank must act decisively if price risks threaten, Governing Council member Nicholas Garganas said in an…
The secret language of central bankers
According to this article by J. Bradford DeLong, published Tuesday 3 April by the Taipei Times, there seems to be general agreement today that the argument for talking in "Greenspanese" is essential for enabling central banks to ensure price stability no…
Central Bank of Sri Lanka redesigns website
The Central Bank of Sri Lanka announced Friday 30 March the launch of its redesigned website. The primary objective of re-designing the website was to present comprehensive information relating to all key functions of the CBSL, with the re-designed site…
RBI prefers indirect policy instruments
The Reserve Bank of India's governor, Yaga Venugopal Reddy, said on Monday 2 April in a speech that the RBI has a policy preference for indirect instruments to give effect to its monetary policy.
Asean looking at ways to use growing FX reserves
South-East Asian nations plan to jointly set up a fund to finance infrastructure by exploiting heavy capital inflows, a senior Thai finance ministry official told reporters Monday 2 April.
SNB's Hildebrand on monetary policy
The Swiss National Bank's interest rate policy is still having an expansionary effect in the current economic climate, SNB board member Philipp Hildebrand told Swiss daily Finanz und Wirtschaft on Monday 2 April.
Trichet says inflation outlook faces upside risks
European Central Bank president Jean-Claude Trichet said in an interview published Monday 2 April the eurozone inflation outlook is still subject to upside risks.
Economist calls for more speed on China FX
China should step up efforts to establish its promised foreign exchange investment agency in order to strengthen macroeconomic controls, a prominent government economist said on Sunday 1 April.
Uganda's Opiokello on risk management
In the speech 'Business continuity and risk management regional workshop in Uganda' given on 5 February David Opiokello of the Bank of Uganda said regional efforts towards a common monetary and political union of the countries in the region continue.
RBA's Ryan on the kangaroo bond market
In the speech 'Some general observations on the kangaroo bond market' given on 29 March Chris Ryan of the Reserve Bank of Australia said there are some clearly identifiable factors behind the particular strength in the Kangaroo bond market in recent…
Chicago Fed's Moskow on monetary policy in the US
In the speech 'The making of monetary policy in the US and the US economic outlook' given on 28 March Michael Moskow of the Federal Reserve Bank of Chicago said the US economy is likely to expand at a rate modestly below its long-run potential for the…
FSF: Stormy markets require new risk thinking
The Financial Stability Forum said Thursday 29 March the recent turbulence in financial markets shows that market participants need to be prepared for the possibility of a major shift in investors' appetite for risk.
Two new members join PBOC committee
A senior official from the State Council and the chairman of the Bank of Communications have been appointed new members to the central bank's 13-member monetary policy committee, Shanghai Securities News reported Friday 30 March.
Gaspari doubts ECB rates will hit 4.25%
European Central Bank governing council member Mitja Gaspari told a news agency in an interview he had doubts about ECB interest rates reaching 4.25 percent by year-end, based on current information.
BoE's Clark on models of financial stability
In the speech 'Analytical models of financial stability' given on 28 March Alastair Clark of the Bank of England said further ahead, a framework does now seem to be emerging within which a more systematic discussion of financial risks can take place.
Central Bank of Iceland, Monetary Bulletin 1/2007
According to the Central Bank of Iceland's Monetary Bulletin for March 2007, published Thursday 29 March, the inflation lower than forecast, but substantial imbalances cloud the long-term outlook.
Sovereign wealth funds 'set to grow rapidly'
The first in-depth investigation into Sovereign Wealth Management, published Thursday 29 March, estimates excess reserves currently held by central banks in emerging market economies at between $1.5 trillion and $2 trillion, and suggests that this number…
Sweden's Srejber to step down
Eva Srejber, first deputy governor of the Swedish central bank, announced Thursday 29 March she was stepping down to join the EIB.
Central banks can't break gold link
According to this article published by Miningmx this week, gold holdings by central banks have declined to their lowest level in 60 years.
RBA appoints new deputy governor
The Reserve Bank of Australia announced Wednesday 28 March the appointment of Dr Guy Debelle as assistant governor for financial markets.
NBP's Rybinski on the payment system in Poland
In the speech 'SEPA and the payment system in Poland' given on 14 March Krzysztof Rybinski of the National Bank of Poland said an aspect which deserves particular attention in the discussion on SEPA is the harmonisation of the law within the payment area.