Central Banks
Riksbank board divided on rate hold decision
The Swedish Riksbank's monetary policy meeting was divided in its recent decision to leave the rate unchanged, according to reports.
SARB Monetary Policy Review, May 2007
The South African Reserve Bank published its Monetary Policy Review for May 2007 on Tuesday 15 May. South Africa's targeted inflation should remain within its range, but the target could be threatened by adverse developments and a poor response to past…
Fed's Kohn on financial stability & policy issues
In the speech 'Financial stability and policy issues' given on 16 May Donald Kohn of the Federal Reserve said the explosive growth of the credit derivatives market has helped spread risks, but also created new channels to transmit shocks to the economy.
Greenspan joins Pimco in first post-Fed role
Former Federal Reserve chairman Alan Greenspan has signed on as a consultant to Newport Beach-based bond investment giant Pacific Investment Management, known as Pimco, the Wall Street Journal reported Wednesday 16 May.
Swaziland to introduce RTGS system
The Central Bank of Swaziland announced Wednesday 16 May that it will soon be introducing a Real Time Gross Settlement (RTGS) system at the beginning of June 2007.
Zhou says room to raise reserve requirement
China still has room to raise the commercial banks' reserve requirement ratio, the Shanghai-based Oriental Morning Post reported Thursday 17 May, citing People's Bank of China governor Zhou Xiaochuan.
Why all the fuss about reserve management?
This article published Tuesday 15 May by Business Day asks why the Central Bank of Nigeria is so concerned about local banks shoring up on reserve management skills.
Danmarks Nationalbank, Monetary Review 1st Q 2007
The Danmarks Nationalbank's Monetary Review for the First Quarter 2007 says the strong upswing in the Danish economy has continued unabated.
ECB's Tumpel-Gugerell on the new SEPA landscape
In the speech 'The new SEPA landscape from vision to reality (and back)' given on 15 May Gertrude Tumpel-Gugerell of the ECB said the future looks bright - and the SEPA landscape has all the potential to become a good place to be.
IMF's Lipsky on debt defaults
In the speech 'Learning from experience: Debt defaults and lessons from a decade of crises' given on 10 May John Lipsky of the IMF said in the current relatively benign global environment, not many emerging market countries have needed to borrow from the…
Kansas Fed papers: Nonbanks in payments system
The Federal Reserve Bank of Kansas City has published preliminary papers from the "Nonbanks in the Payments System: Innovation, Competition, and Risk," conference held May 2-4 in Santa Fe, N.M.
Sri Lanka's new governor takes on inflation
Nick Carver spoke with the Ajith Nivard Cabral, governor of the Central Bank of Sri Lanka
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 2007, published 3 May, the U.S. monetary authorities did not intervene in the foreign exchange markets during…
Norway's Gjedrem on the conduct of monetary policy
In the speech 'The conduct of monetary policy' given on 10 May Svein Gjedrem of Norges Bank said the fall in prices for imported goods and services and the increase in export prices have provided the Norwegian economy with an appreciable income boost.
It's all down to Bollard to beat NZ's bubble now
According to this article published by The National Business Review on Friday 11 May, politicians have failed to do anything to rein in New Zealand's property boom, leaving it all up to Reserve Bank governor Alan Bollard.
ECB's TARGET Annual Report 2006
According to the European Central Bank's TARGET Annual Report 2006, TARGET continued to be the backbone of the euro money market in 2006.
RBA appoints head of domestic markets
The Reserve Bank of Australia announced Monday 14 May that John Broadbent would be appointed as Head of Domestic Markets Department.
BCV director says reserves will rebound
Jose Felix Rivas Alvarado, director of the Central Bank of Venezuela (BCV), told the official news agency Friday 11 May that although Venezuela's international reserves fell during the last few months, the fall is attributable to specific factors.
Fukui on the outlook for Japan's economy
In the speech 'The outlook for Japan's economy and the conduct of monetary policy' given on 10 May Toshihiko Fukui of the Bank of Japan said the Bank will continue to explain carefully to the public its assessment of economic activity and prices and its…
Fed's Kroszner on the future of payments
In the speech 'The future of payments: Challenges and opportunities' given on 10 May Randall Kroszner of the Federal Reserve said the rapid switch by consumers and businesses to electronic banking poses a new tradeoff between security and convenience.
Sweden's Rosenberg: Monetary policy communication
In the speech 'Changes in monetary policy communication' given on 11 May Irma Rosenberg of the Sveriges Riksbank described some changes in the communication of monetary policy, which were decided at the Executive Board meeting held on 10 May.
Code words not for King, but BoE can improve
According to this article published Thursday 10 May by Reuters, the gloss is starting to come off the Bank of England's reputation for managing interest rate expectations and keeping inflation under control.
Riksbank appoints new head of Market Operations
The Executive Board of Sweden's Riksbank decided at its meeting Thursday 10 May to appoint Sophie Degenne as the new head of the Market Operations Department.
Riksbank names new Chief Press Officer
Britta von Schoultz has been appointed the new Chief Press Officer at the Sveriges Riksbank. She will take up her appointment on 4 June 2007.