Central Banks
Polish committee recommends Skrzypek to NBP
The Public Finances Committee of the Polish Parliament recommended Monday 8 January Slawomir Skrzypek to become the new head of the country's central bank.
Wall Street Systems announce new derivatives deal
Wall Street Systems, a provider of global treasury, trading and settlement services, has announced a new partnership with NumeriX, provider of cross-asset derivatives pricing and valuation software.
China can do better than swap dollars for oil
This article published by Bloomberg on Tuesday 9 January asks why China couldn't earn more by shifting some of its reserves to high-yield investments instead of keeping all its money invested in hard- currency debt issued by foreign governments.
PBOC raises bank reserve requirement
The People's Bank of China said Friday 5 January it had raised the reserve requirement for commercial banks in a bid to stem a rising tide of liquidity in the banking system.
Adrian Orr to leave RBNZ
Reserve Bank of New Zealand deputy governor and head of financial stability Adrian Orr is leaving the Bank to take up the role of Chief Executive of the Guardians of the New Zealand Superannuation Fund, the RBNZ said Monday 8 January.
Argentina's Redrado says reserve building vital
Argentine central bank president Martin Redrado said Monday 8 January Latin American countries should take advantage of the current moment of good economic growth to build up foreign reserves to prepare for unforeseen problems.
Danmarks Nationalbank, Monetary Review 4th Q 2006
The Danmarks Nationalbank's Monetary Review for the Fourth Quarter 2006, published 20 December, said the Danish economy continues to boom, with strong growth in both domestic and external demand.
Outgoing fin min Merentes may join BCV board
Venezuela's outgoing Finance Minister Nelson Merentes said Thursday 4 January that he will join the board of the Venezuelan Central Bank (BCV), Reuters reported. However, no appointment has been made official yet.
BoT rejects request on custody services
The Bank of Thailand said Thursday 4 January that it had rejected a request by the Custodian Club to delay implementation of a new securities investment account for foreigners by one month.
Deloitte chief linked to Hungarian cb job
The chief of the Hungarian arm of auditing and consulting group Deloitte, Andras Simor, was tipped on Friday 5 January by daily Nepszabadsag to become the new governor of Hungary's central bank.
Barney Frank says no to narrowing Fed's mandate
According to this article from John Berry at Bloomberg, published Friday 5 January, the Federal Reserve received a reminder this week about how politically sensitive it would be to adopt an inflation target.
Fed minutes show inflation concern
Federal Reserve officials continued to view the current rates of core inflation as "uncomfortably high" at their meeting last month, minutes released Wednesday 3 January showed.
New NBP chief nominated
Poland's president on Wednesday 3 January nominated Slawomir Skrzypek, acting president of a major Polish bank, as the next head of the National Bank of Poland.
Central banks tiptoeing away from the dollar
According to this article from The New York Times published Tuesday 2 January, nations with large holdings of dollars are becoming increasingly willing to dump them in favour of the euro.
BoJ's Muto says rate hikes support growth
A hawkish monetary policy by the Bank of Japan would be consistent with Prime Minister Shinzo Abe's emphasis on pro-growth policies, central bank deputy governor Toshiro Muto told the Nikkei daily on Wednesday 3 January.
PBOC's Wu expects Fed rate cuts in 2007
The US Federal Reserve is expected to cut rates in 2007 and that will reinforce the dollar's downwards bias and the yuan's tendency to rise, a senior Chinese central banker was reported by the Financial News as saying.
Indonesia appoints two new BI deputies
President Susilo Bambang Yudhoyono has signed a decree, appointing Budi Rochadi and Muliaman D Hadad as deputy governors of Bank Indonesia, Asia Pulse reported.
China to launch SHIBOR to develop benchmark rate
China will launch the Shanghai Interbank Offer Rate (SHIBOR) from Thursday 4 January, in a move to develop a benchmark rate for the interbank market, the People's Bank of China said.
Central banks will give less of the same in 2007
According to this article published by Bloomberg on Tuesday 26 December, current forecasts suggest there might be fewer changes in key central bank interest rates in 2007.
IMF paper on large international reserves hoarding
The IMF Working Paper 'Financial versus monetary mercantilism: Long-run view of the large international reserves hoarding' says that the sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern…
New name mentioned for NBP president
Polish daily Gazeta Wyborcza reported Monday 1 January that President Lech Kaczynski is considering appointing Prof. Jerzy Zyzynski, head of the Department of Public Economy of Warsaw University, as the next president of the National Bank of Poland.
China may use Singapore in managing reserves
China could manage its massive foreign exchange reserves according to the "Temasek Model" of Singapore, according to Wu Xiaoling, vice-president of the People's Bank of China.
Sweden's Riksbank unanimous on recent rate rise
Minutes released Tuesday 2 January showed Swedish central bank policymakers were unanimous in raising the repo interest rate by 25 basis points to 3.00 percent on 14 December.