Central Banks
SF Fed's Yellen on prospects for the U.S. economy
In the speech 'Prospects for the U.S. economy' given on 16 October Janet Yellen of the Federal Reserve Bank of San Francisco said it makes sense for the Federal Reserve to hold monetary policy stable "for a time" because the full effect of 17 rate…
Sweden's Srejber on the modern payment system
In the speech 'Vulnerabilities in the modern payment system' given on 18 October Eva Srejber of the Sveriges Riksbank said a payment system with effective resilience to shocks is of critical importance to the economy and to society.
ECB 'attentive' to inflation risk- Gonzalez-Paramo
ECB board member Jose Manuel Gonzalez-Paramo refused to contradict market expectations of another eurozone rate hike in December, Expansion reported on Thursday 19 October.
Kazakhstan gets 'bank' note spelling wrong
The Central Bank of Kazakhstan has misspelled the word "bank" on its new notes, officials said on Wednesday 18 October.
BOJ's Muto on recent conduct of monetary policy
In the speech 'Recent conduct of monetary policy' given on 21 July (published 16 Oct) Toshiro Muto of the Bank of Japan said for the effects of monetary policy to filter through into the economy both financial markets and financial institutions have an…
ECB's Liebscher sees December rate hike
European Central Bank governing council member Klaus Liebscher told the FAZ newspaper on Wednesday 18 October that market expectations of a December interest rate increase are accurate, but said the ECB has no pre-determined view on rates for 2007.
Interview with Central Bank of Ireland's Hurley
Irish central bank governor John Hurley told the Financial Times in an interview published Wednesday 18 October that rising eurozone interest rates are starting to cool the booming Irish housing market, but economic growth in the country will remain…
BOJ share view on modest expansion - minutes
According to minutes released Wednesday 18 October, all members of the Bank of Japan's policy board agreed that the domestic economy would continue to expand moderately.
Bank of England voted 7-2 to hold rates
The Bank of England's two newest Monetary Policy Committee members, Andrew Sentance and Timothy Besley, both voted for higher interest rates at this month's meeting, minutes released Wednesday 18 October showed.
Bank of Russia's Paramonova not reappointed
Bank of Russia chairman Sergei Ignatyev said Wednesday 18 October that Tatyana Paramonova would not be considered for reappointment as a managing board member.
Norway's Bergo on monetary policy
In the speech 'Cyclical developments, monetary policy and the krone exchange rate' given on 28 September Jarle Bergo of Norges Bank said the cyclical upturn in the Norwegian economy continues, with strong growth since mid-2003.
BoE's Gieve on hedge funds and financial stability
In the speech 'Hedge funds and financial stability' given on 17 October John Gieve of the Bank of England warned that short term risks to financial stability from hedge fund activity do exist.
IMF seminar on monetary and financial law
The IMF will hold its 2006 Seminar on Current Developments in Monetary and Financial Law at the IMF headquarters on 23-27 October. The theme of the seminar will be Law and Financial Stability. Federal Reserve governor Randall Kroszner will deliver the…
Russia investing some reserves in Japan's yen
The Central Bank of Russia (CBR) has begun investing gold and foreign currency reserves in Japanese yen, CBR first deputy director Aleksei Ulyukayev told a conference on Monday 16 October.
IMF's Carstens steps down for Mexican post
Agustin Carstens, deputy managing director of the International Monetary Fund announced Monday 16 October his intention to leave the Fund with immediate effect to accept an appointment in Mexico President-elect Felipe Calderon's transition team.
Treasury Committee to look into MPC process
The Treasury Select Committee has said it expects to look into the appointment process to the Bank of England's interest rate-setting Monetary Policy Committee some time next year.
Kuwait mulls stricter anti-money laundering laws
The Central Bank of Kuwait (CBK) will impose stricter anti-money laundering regulations to protect investments in this Islamic Gulf state, Kuwait-based newspaper Arab Times reported on Sunday 15 October.
Bank of Thailand appoints Tarisa as governor
Thailand's Cabinet approved on Tuesday 17 October the appointment of Tarisa Watanagase, Bank of Thailand deputy governor, to take over as governor, the first female governor in the bank's 64-year history.
Bank of England governor may be outvoted on rates
This article from Reuters, published Thursday 12 October, asks whether Mervyn King could be outvoted for the second time at the Bank of England's next rate-setting meeting.
Bank of Finland, Financial Stability, 2005
According to the Bank of Finland's Financial Stability report 2005, the year was a sound and reliable one for the financial system in Finland, as much as for financial systems internationally.
Sri Lanka's central bank appoints more assistants
The Central Bank of Sri Lanka has promoted four senior staff officers to the post of Assistant Governor from 11 Oct, the bank said Monday 16 October.
Issing joins Goldman Sachs in adviser role
Otmar Issing, former chief economist of the European Central Bank, has confirmed that he had accepted an offer from Goldman Sachs to act as an international advisor to the investment bank.
PBOC's Wu comments on rates, use of reserves
The People's Bank of China needs to further monitor the economy to assess whether or not it needs to hike interest rates again or not, State-owned China Central Television (CCTV) cited Wu Xiaoling, vice governor of the People's Bank of China as saying.
BIS paper on the euro as a reserve currency
The BIS Working Paper "The euro as a reserve currency: a challenge to the pre-eminence of the US dollar?" investigates whether euro financial markets have developed sufficiently to facilitate the emergence of the euro as a reserve currency on par with…