Central Banks
The Gambia's central bank creates new deputy posts
The Point newspaper has quoted an unnamed reliable source as saying that Bamba Saho, general manager of the Central Bank of The Gambia, has been appointed first deputy governor of the central bank.
EU parliament backs Stark for ECB
MEPs approved the appointment of Jurgen Stark to the Executive Board of the European Central Bank in a vote on Wednesday 17 May.
Ex-SBV chief nominated as prime minister
Former governor of the State Bank of Vietnam (SBV), Nguyen Tan Dung, has been nominated as the next prime minister of Vietnam.
NY Fed's Kos on the foreign exchange market
In the speech 'Recent volatility trends in the foreign exchange market' given on 11 May Dino Kos of the Federal Reserve Bank of New York said there is a risk that the current period of low volatility in the foreign exchange market will not last, and…
NY Fed's Geithner on financial stability
In the speech 'Implications of growth in credit derivatives for financial stability' given on 16 May Timothy Geithner of the Federal Reserve Bank of New York said banks and other financial players must be cautious in their use of credit derivatives.
Norges Bank names new communications director
Siv Meisingseth, Chief Information Officer, SAS Braathens Airline, has accepted the position of communications director at Norges Bank, commencing on 1 September.
Minutes show BoE split 3 ways on rates
The Bank of England's Monetary Policy Committee was split three ways on this month's decision to keep interest rates at 4.5 percent, minutes released on Wednesday 17 May showed.
Shrinking central bank asset buys worry for dollar
Foreign central banks' net purchases of U.S. assets have slumped to a mere $1.6 billion, the lowest in a year, according to this article published Monday 15 May.
Interview with RBNZ's Alan Bollard
In comments published on Tuesday 16 May, Reserve Bank of New Zealand governor Alan Bollard said he aims to ensure a soft landing for the economy while keeping inflation in check.
Padoa-Schioppa named as Italian econ min
Romano Prodi, Italy's incoming centre-left prime minister, on Wednesday 17 May named "a team and not a collection of prima donnas" which included former European Central Bank board member Tommaso Padoa-Schioppa as economy minister.
Suranyi mentioned as next NBH governor
According to Hungarian broadsheet Nepszabadsag, as well as Reuters, which cited a source in the ruling Socialist Party, the most likely next Governor of Hungary's central bank (NBH) is Gyorgy Suranyi.
Comment: Bank of Japan update
The Bank of Japan's monetary policy committee meets this week with an interest rate decision expected on Friday. With any ideas of an imminent rate hike all but ruled out, the emerging consensus is that the shift could come in July.
Sweden's Persson on monetary policy
In the speech 'Monetary policy and the labour market' given on 12 May Kristina Persson of the Sveriges Riksbank said the importance of monetary policy lies not merely in the possibility to influence through temporary changes in the repo rate.
Framework for independent monetary policy in China
According to this IMF Working Paper, published 15 May, as China's economy becomes more market based and continues its rapid integration into the global economy, having an independent and effective monetary policy regime oriented to domestic objectives…
Banks shift reserves, pressuring the dollar
Central bankers from Stockholm to Dubai, seeking shelter from the falling dollar, may help weaken it further, according to this article published Monday 15 May.
Macroeconomic policy challenges conference, Oct 06
The South African Reserve Bank invites you to attend its conference on Macroeconomic Policy Challenges for South Africa to be held from 22 - 24 October 2006.
BoJ's Fukui on the outlook for Japan's economy
In the speech 'The outlook for Japan's economy and the conduct of monetary policy' given on 15 May Toshihiko Fukui of the Bank of Japan said completing the process of reducing excess funds in the banking system and raising short-term interest rates are…
ECB not worried by dollar weakness says Liebscher
The European Central Bank is unperturbed by the dollar's current weakness and may still proceed with an interest rate increase next month, Austrian central bank chief Klaus Liebscher said in a newspaper interview published Tuesday 16 May.
Weber on oil price shocks and monetary policy
In the speech 'Oil price shocks and monetary policy in the euro area' given on 11 May Axel Weber of the Deutsche Bundesbank said the inflationary risks connected with runaway record oil prices are likely to increase as the economic recovery in the…
ECB's Trichet on two successes of the euro
In the speech 'Two successes of the euro: the single monetary policy and European financial integration' given on 11 May Jean-Claude Trichet of the ECB said that the central bank is on high alert over inflationary dangers, is exercising "strong vigilance…
How bold a move from the ECB?
According to this article published Friday 12 May, a rate increase at the European Central Bank's upcoming meeting is almost certain, with estimates ranging between 25 and 50 basis points.
FX reserves, US deficits and global imbalances
This article published Thursday 11 May provides detailed information on foreign reserve holdings. Global reserves continue to mount this year, it says, amid renewed downward pressure on the U.S. dollar and a fresh rise in oil prices.
Euro critical when Issing goes missing?
Sunday 14 May's Frankfurter Allgemeine Sonntagszeitung contained a portrait of ECB chief economist Otmar Issing under the headline "The preacher". Without Issing the euro could weaken considerably, it said.
How Bernanke's rate hikes could slam China
According to this article published Monday 15 May, China is realising the power of Federal Reserve chairman Ben Bernanke on its way to ruling the global economy.