Central Banks
RBZ chief out of presidential race
Zimbabwe's central bank governor has ruled himself out of the race to succeed President Robert Mugabe in a web chat with New Zimbabwe.com.
Tumpel-Gugerell on financial integration
In the speech 'Financial integration and stability in Europe' given on 1 December Gertrude Tumpel-Gugerell of the ECB said effective and efficient banking supervision is essential, both to promote financial integration and to safeguard financial…
Norges Bank Financial Stability Report No.2, 2006
The central bank of Norway, Norges Bank, published its twice yearly Financial Stability Report for 2/2006 on 5 December. Overall, the outlook for financial stability is considered to be satisfactory, according to the report.
Sveriges Riksbank, Financial Stability Report 2:06
Sweden's central bank, the Sveriges Riksbank, published its second Financial Stability Report for 2006 on 5 December. At present the Riksbank sees no serious threats to financial stability, according to the report.
Nigeria to get more efficient payment system
The Central Bank of Nigeria (CBN) is to implement a robust and more efficient payment system in the country, the official News Agency of Nigeria reported on Monday 4 December.
Turkey's Yilmaz: Economic crisis out of question
"The current account deficit which has been rising due to high economic growth should be monitored closely," Turkish central bank Governor Durmus Yilmaz has indicated at a news conference Monday 4 December.
Al-Suwaidi on the extended importance of the euro
In the speech 'The extended importance of the euro' given on 17 November Sultan Bin Nasser Al-Suwaidi of the Central Bank of the United Arab Emirates said the Euro will definitely grow to dominate trade outside the Euro Area.
Fed's Kohn on monetary policy and uncertainty
In the speech 'Monetary policy and uncertainty' given on 1 December Donald Kohn of the Federal Reserve said policy makers should avoid relying on any single indicator because of uncertainties surrounding the accuracy of economic data and public behaviour.
ECB's Papademos on monetary policy
In the speech 'Monetary policy in a changing world: Commitment, strategy and credibility' given on 1 December Lucas Papademos of the ECB said that the ECB's policy for fighting inflation had been proven successful in the period since Europe adopted a…
ECB's Tumpel-Gugerell on TARGET2-Securities
In the speech 'TARGET2-Securities: from vision to reality. The Eurosystem's contribution to an integrated securities market' given on 30 November Gertrude Tumpel-Gugerell of the ECB invited national central securities depositaries (CSDs) to discuss the…
Poland's fin min tipped as central bank governor
Poland's finance minister Zyta Gilowska is a near-certainty for the National Bank of Poland (NBP) governorship, daily Parkiet wrote Monday 4 December, citing unspecified sources.
RBNZ runs out of coins in Xmas lead up
Just five weeks after phasing out the old coins, the Reserve Bank of New Zealand has now written to the country's retail banks warning them there will be a shortage of the new 20 cent pieces in the lead up to the busy Christmas period.
China needs to manage FX reserves - economist
China needs to set up a new institution to manage part of its huge foreign exchange reserves now estimated to be over 1 trln usd, the official Shanghai Securities News reported Monday 4 December, citing a state economist.
Riksbank's Nyberg on hedge fund regulation
From a welfare perspective, the advantages of hedge funds' operations exceed the risks, said Lars Nyberg, a deputy governor of Sweden's central bank, in a recent speech.
Central bankers in Islamic FSB
The governor of the State Bank of Pakistan, Shamshad Akhtar, has been appointed deputy chairperson of the Islamic Financial Services Board (IFSB) for 2007.
ECB sells more gold
The ECB sold 23 tons of gold on 30 November, the central bank said.
Brazil cuts rates by half a point
The Central Bank of Brazil lowered its benchmark lending rate by 50 basis points to 13.25 on Wednesday in the face of falling growth.
Goldmans' Dudley is Fed's new markets man
The New York Federal Reserve named William Dudley, an advisory director at Goldman Sachs, as an executive vice-president and the new head of its markets group.
Russia and Belarus governors to meet
Petr Prokopovich and Sergei Ignatyev, governors of the central banks of Belarus and Russia, respectively, will attend the 25th meeting of the Interbank Currency Council on Friday.
Poland leaves interest rates unchanged
Poland's central bank held interest rates steady after a 29 November meeting, a decision that was in line with economists' expectations.
Bundesbank FSR sees growth at 2.5%
The Bundesbank's latest Financial Stability Review notes that a 2.5% increase in the country's GDP growth this year is "a realistic prospect."
Core CPI still "uncomfortably high" - Bernanke
Fed chairman, Ben Bernanke, appeared to pour cold water on suggestions of an imminent cut in US interest rates in a speech in New York on 28 November.
China raises renminbi value
China has raised the value of the renminbi even as its central bankers rule out major reductions in the dollar share of the country's foreign exchange reserves.