Central Banks
Canada's Dodge on financial system efficiency
In the speech 'Improving financial system efficiency: The need for action' given on 11 December David Dodge of the Bank of Canada said Canada's macroeconomic policies are second to none in supporting financial system efficiency, but work is needed to…
Papademos on the ECB's Financial Stability Review
In opening remarks to the ECB's Financial Stability Review press conference given on 11 December Lucas Papademos of the ECB said robust growth of credit to the euro area private sector could pose an upside risk to price stability.
ECB's Financial Stability Review, December 2006
The European Central Bank published its December 2006 Financial Stability Review on 11 December. In the report the ECB said the euro area financial system has proven resilient to adverse disturbances.
Side effects for ECB transparency
This article from the Financial Times, published Monday 11 December, says that a mixture of good luck and good judgment has made this a good year for the ECB.
Poland's central bank chief named before Xmas
Polish minister Aleksander Szczyglo from the President's Office said Tuesday 12 December in a Polish radio report that the name of the new head of the central bank should be known by Christmas.
Two candidates for Slovenia's central bank chief
Two candidates have applied for the post of the governor of Banka Slovenije, Slovenia's central bank, President Janez Drnovsek's office told STA News.
Fed's FOMC likely to hold US interest rates
The US economy is in fairly good shape despite the flagging housing and auto industries, suggesting the Federal Reserve will leave US interest rates unchanged at its meeting Tuesday 12 December.
BoJ's Iwata on monetary policy in Japan
In the speech 'The role of money and monetary policy in Japan' given on 10 November Kazumasa Iwata of the Bank of Japan said the BoJ's new framework introduced two perspectives on examining economic activity and prices.
Papademos on the global importance of the euro
In the speech 'The global importance of the euro' given on 17 November Lucas Papademos of the ECB said the share of the euro in global official foreign exchange reserves increased during the first few years following its introduction, but has remained…
Optimal currency shares in international reserves
The ECB Working Paper "Optimal currency shares in international reserves: the impact of the euro and the prospects for the dollar" says that foreign exchange reserve accumulation has risen dramatically in recent years.
Brian Lang retires from RBNZ
The Reserve Bank of New Zealand announced Monday 11 December that Brian Lang will be retiring from the Bank on 15 December. Lang joined the Bank in 1962 and has filled a wide range of senior positions.
Belgium's Quaden says don't panic on rate levels
Belgian National Bank governor Guy Quaden said Monday 11 December eurozone countries have no cause for alarm over interest rates and currency levels.
Bernanke promotes Fed's profile, not his
According to this article published by Bloomberg on Monday 11 December, deflating the aura around his job may be Ben Bernanke's greatest triumph so far at the Federal Reserve.
NY Fed: Deflationary shocks & monetary rules
The New York Fed Staff Report "Deflationary shocks and monetary rules: An open-economy scenario analysis" considers the macroeconomic transmission of demand and supply shocks in an open economy.
SNB's Roth warns on appetite for risk
Swiss National Bank president Jean-Pierre Roth said Friday 8 December he does not feel comfortable with recent developments seen in global financial markets.
Brazil central bank considered rate cut
Brazil's central bank said Thursday 7 December in minutes from its last Copom meeting that it doesn't expect an eventual pick up in economic activity to stoke inflation.
Zimbabwe's Gono says he is unpaid
In reply to a question to Reserve Bank of Zimbabwe governor Gideon Gono on the New Zimbabwe.com web chat on Wednesday 6 December, Gono revealed he has not been paid since taking up the post at the central bank.
Robert Mclean joins Australia's PSB
Australia's treasurer Peter Costello has appointed academic and businessman Robert McLean as a part-time member to the central bank's Payments System Board (PSB) for a five-year term.
RBNZ Monetary Policy Statement, December 2006
The Reserve Bank of New Zealand published its December 2006 Monetary Policy Statement on 7 December. The report said medium-term inflation pressures remain persistent.
Bank of Canada Financial System Review, Dec 2006
The Bank of Canada has published its semi-annual December 2006 Financial System Review on 7 December. The global economic outlook continues to be favourable, according to the Report.
PBOC sees risks if dollar slides
The People's Bank of China said in a report published Thursday 7 December that it is concerned over a possible slide in the US dollar if there is a widespread move to sell off dollar assets.
ECB raises interest rates to 3.5%
European Central Bank president Jean-Claude Trichet said Thursday 7 December it was essential to act in a "firm and timely manner" to safeguard price stability in the eurozone,after the bank raised interest rates from 3.25pct to 3.5pct.
Polish PM dismisses Gilowska NBP link
Poland's prime minister Jaroslaw Kaczynski has dispelled rumours of deputy PM and finance minister Zyta Gilowska leaving his cabinet in order to become head of the National Bank of Poland (NBP).
Spain's Ordoez on financial integration in Europe
In the speech 'Financial integration and stability in Europe' given on 3 December Miguel Fernandez Ordoez of the Bank of Spain said supervisors face a double challenge in the face of increased EU integration.