Central Banks
SA's Mboweni on monetary policy and bond markets
In the speech 'Monetary policy and South African bond market developments' given on 5 October Tito Mboweni of the South African Reserve Bank said South Africa's rand is adjusting to the current account deficit but has fallen to levels that may add to…
Fed's Plosser: economy, inflation, monetary policy
In the speech 'The economy, inflation, and monetary policy' given on 5 October Charles Plosser of the Federal Reserve Bank of Philadelphia said the newly installed president warned that the Fed may have to raise rates again.
Fed's Geithner on emerging market economies
In the speech 'Progress toward financial stability in emerging market economies' given on 4 October Timothy Geithner of the Federal Reserve Bank of New York said over a decade of reforms in developing countries have made them much less vulnerable to the…
Payment systems, monetary policy in Europe
The first of two articles published by the Financial Times on Friday 6 October looks at the issue of central bank "plumbing" which, it says, is creating a stink for the ECB. The second article concerns a letter sent by a group of monetarist economists to…
T2S is 'only solution': ECB's Tumpel-Gugerell
The European Central Bank sees its proposal on securities settlement, called TARGET2 Securities, as offering an "efficient organisation of central bank money", says Gertrude Tumpel-Gugerell, a member of the executive board, in an interview in the autumn…
ECB's Wellink says growth 'back on track'
European Central Bank governing council member Nout Wellink said on Thursday 5 October in Mexico that economic growth in the eurozone is "really coming back on track," but inflation risks remain on the upside.
BOJ's Muto says policy shift will be slow
Bank of Japan deputy governor Toshiro Muto said Thursday 5 October that the BoJ will conduct monetary policy changes "slowly" by closely monitoring the economic and financial climate.
Trichet says eurozone rates appropriate - for now
Speaking on French radio on Friday 6 October, European Central Bank president Jean-Claude Trichet said the ECB's decision to raise interest rates to 3.25 percent left them at an appropriate level and that the latest increase was aimed to head off…
Buba says no gold sales until Sep 07
Germany's central bank said Thursday 5 October it doesn't intend to sell gold reserves during the next 12 months except some sales for coinage.
Hoenig on monetary policy, economic outlook
In the speech 'Monetary policy and the economic outlook' given on 3 October Thomas Hoenig of the Federal Reserve Bank of Kansas City said U.S. economic growth looks set to soften as 2006 nears an end, but strong business investment should prevent any…
Trichet on bank transfer data from SWIFT
In a speech on the interception of bank transfer data from the SWIFT system by the US secret services given on 4 October Jean-Claude Trichet of the ECB said warned the European Parliament that any disruption to the SWIFT bank data sharing system could…
Swiss Re appoints Ferguson financial services head
Swiss Re announced Wednesday 4 October the appointment of Roger W. Ferguson, Jr., as Head of Financial Services and a Member of Swiss Re's Executive Committee, effective immediately.
Interview with NBP's Leszek Balcerowicz
In an interview with AP, published on Tuesday 3 October, the head of Poland's central bank said the bank is suffering the "most extreme" attacks on its independence since communism fell in 1989.
Where did market volatility go?
In this editorial, published Thursday 5 October by The Korea Herald, former IMF chief economist Kenneth Rogoff says an uneerie calm has engulfed virtually every major asset class, from stocks to bonds.
ECB raises rates, signals more to come
European Central Bank President Jean-Claude Trichet signalled the bank plans to raise its key interest rate again in December after raising eurozone rates on Thursday 5 October.
ECB not hamstrung by consensus decisions
According to this article published on Tuesday 3 October by Reuters, new information that the European Central Bank's Governing Council holds informal votes suggests it is not as clumsy and slow as some believed.
Dallas Fed says monetary policy is losing effect
According to a new paper in the Federal Reserve Bank of Dallas' Economic Letter series, monetary policy is losing its bite.
Post-coup Thai cabinet announcement expected
Thailand's interim, post-coup cabinet is likely to be announced tomorrow or Friday, Bank of Thailand chief Pridiyathorn Devakula said on Wednesday 4 October.
ECB says final decision on T2S in 2007
The European Central Bank will make a final decision on whether to proceed with its proposed Target 2 Securities settlement system in the first half of 2007, executive board member Gertrude Tumpell-Gugerell said Wednesday 4 October.
Swift defends role in data exchange
Swift, the Belgian company accused of transferring data on financial transactions to the US authorities, has refuted claims that it acted illegally.
Change at top likely at Bank of Thailand
This article from the Bangkok Post, published Tuesday 3 October, focuses on potential replacements for Bank of Thailand as M.R. Pridiyathorn Devakula after he confirmed he had been approached to join the interim cabinet.
Bahrain to revamp payment system
The Central Bank of Bahrain (CBB), formerly the Bahrain Monetary Agency (BMA), is in the process of revamping the national payment system, Trade Arabia reported.
Study shows rising trend in Venezuela's reserves
The Venezuelan financial system has seen an important growth in its international foreign currency reserves, reaching more than 35 billion dollars at the end of September, according to a new study.
Saccomani takes up Bank of Italy role
Fabrizio Saccomani took up his new role as director general of Italian central bank Banca d'Italia, La Stampa said Monday 2 October.