Central Banks
Trichet says ECB may not be done yet on rates
European Central Bank president Jean-Claude Trichet said Thursday 8 March he is not saying that ECB interest rates are necessarily at a peak after increasing interest rates.
St Louis' Poole on inflation & financial stability
In the speech 'Inflation, financial stability and economic growth' given on 5 March William Poole of the Federal Reserve Bank of St. Louis said low inflation must be a central bank's prime goal, adding this had helped cushion the U.S. economy from its…
Japan to tap business chiefs for BOJ board- report
Japan's government will appoint a vice president of the country's largest trading company and a shipping company executive to the Bank of Japan's monetary policy board, the Nikkei business daily said Wednesday 7 March.
Venezuela speeding reserve diversification
Venezuela will speed up plans to pare holdings of dollars in its international reserves to reduce the nation's dependence on the world's most widely held currency, central bank president Gaston Parra said on TV Wednesday 7 March.
BOJ deputy Muto seen as favourite for governor
Many economists think that deputy Bank of Japan governor Toshiro Muto is the leading candidate to be the next Japanese central bank governor, a Jiji Press survey showed Friday 2 March.
Goldman Sachs role for ex-RBA chief
Global investment bank Goldman Sachs said on Monday 5 March that former Reserve Bank of Australia governor Ian Macfarlane, will join its ranks as an international adviser.
Bank of Canada holds interest rates steady
The Bank of Canada held its benchmark overnight lending rate steady at 4.25 per cent Tuesday 6 March saying the risks to its forecast remain balanced, despite the wild swings in global financial markets recently.
Brazil's fin min says Bevilaqua's exit was routine
The resignation of Brazilian central bank economic policy director Afonso Bevilaqua represented a routine change that won't alter the direction of policy at the institution, Finance Minister Guido Mantega said on Friday 2 March.
RBNZ re-appoints Arthur Grimes to Board
Arthur Grimes has been re-appointed as a non-executive director on the Reserve Bank of New Zealand's Board for a second five-year term, finance minister Michael Cullen announced Monday 5 March.
BIS's Knight on risk in the small and in the large
In the speech 'Now you see it, now you don't: risk in the small and in the large' given on 28 February Malcolm Knight of the BIS said there is no doubt that the financial system is now more resilient than it was in the past.
Fed's Bernanke on globalization & monetary policy
In the speech 'Globalization and monetary policy' given on 2 March Ben Bernanke of the Federal Reserve said global factors may on balance have boosted U.S. inflation, but globalization has not affected the ability of the Federal Reserve to influence U.S…
Iran plans banknote with atomic symbol - reports
Iran, which is currently embroiled in a row with the West over its nuclear ambitions, will issue a new banknote this month carrying an atomic symbol, newspapers reported on Sunday 4 March.
Brazil's central bank econ director resigns
Brazilian central bank economic policy director Afonso Bevilaqua resigned Thursday 1 March citing "personal reasons" and an interest in "pursuing new projects," the central bank said in a statement.
New IMF chief economist nominated
International Monetary Fund chief Rodrigo de Rato said Wednesday 28 February he would recommend Simon Johnson, a professor at the Massachusetts Institute of Technology, as the IMF's new chief economist.
BIS Papers on evolving banking systems
BIS Papers from the 'Evolving banking systems in Latin America and the Caribbean: challenges and implications for monetary policy and financial stability', meeting of central banks of open economies in Latin America and the Caribbean, Jamaica, 26-27…
BoE's Lomax on the MPC coming of age
In the speech 'The MPC comes of age' given on 28 February Rachel Lomax of the Bank of England highlighted that the central bank will fulfil its duty of meeting the inflation target rate over the medium term.
Report says watchdog to probe ECB settlement plan
The European Central Bank's plans to establish an integrated securities settlement system in the euro zone will be examined by the region's competition watchdog, according to a report by the FT Thursday 1 February.
Kenya names new head of central bank
Economics professor and think-tank director Njuguna Ndung'u was named as the new head of the Central Bank of Kenya on Thursday 1 March to replace the former governor who was suspended.
SNB's Jordan hints at further rate hikes ahead
Thomas S Jordan, alternate member of the Swiss National Bank's governing board, suggested Tuesday 27 February in a speech that the SNB will again raise interest rates at its meeting this spring.
Do we need the IMF to resolve a crisis?
The Bank of Canada Working Paper "Do we need the IMF to resolve a crisis? Lessons from past episodes of debt restructuring" investigates how debt restructurings have evolved over the decades.
BoE Payment Systems Oversight Report
The Bank of England published its third Payment Systems Oversight Report on Tuesday 27 February. The report says its overall message is encouraging, summarising the developments in the key UK payment systems over the past year and explaining the focus of…
BoE announces retirement of Alastair Clark
Alastair Clark, adviser to the governor of the Bank of England on financial sector issues, is to retire from the Bank of England at Easter after nearly 36 years' service, the bank said Monday 26 February.
BOK running out of reserves
According to this article published by The Korea Times on Monday 26 February, the Bank of Korea is finding it increasingly difficult to boost its reserves as its losses grow.
Argentina's Redrado on financial stability
In the speech 'Financial stability and the importance of AML/CFT supervision and regulation' given on 13 February Martin Redrado of the Central Bank of Argentina said there is no unique solution or pre-established methodology for governments or…