Central Banks
Bush sees no credibility problem for Bernanke
US President George Bush said in an interview on Friday 5 May that new Federal Reserve chairman Ben Bernanke did not have a credibility problem.
Bangladesh Bank can do more on financial stability
The Bangladesh Bank should play its role as a facilitator to all the scheduled banks to overcome any sort of problem they are facing, this opinion piece published Tuesday 9 May says.
Richmond Fed names new first vice president
Sally Green was named first vice president and chief operating officer of the Federal Reserve Bank of Richmond on Tuesday 9 May, and will oversee the financial services and support areas of the Fifth District operations as of 1 August.
Japan discovers misprints in yen notes
Japan's high-tech money-printing bureau was embarrassed on Tuesday 9 May when 39,500 bills were found to be misprinted.
Comment: Weber reveals his monetary policy stance
Axel Weber set out his thinking on the role of monetary policy and interest rates in three recent speeches. This article explores his views.
El-Erian on global imbalances
Mohamed El-Erian discusses how a re-focused Fund can now tackle the big issues facing the global economy
Central banks should close the governance gap
Central banks seem reluctant to adopt private-sector “best practice” in governance, but there are benefits in doing so says Jeremy Foster
Kansas Fed's Payments system research briefing
The Kansas City Fed's Payments system research briefing for May 2006, examines the potential for fraud associated with various "traditional" payment methods and the protective measures that consumers should take when using them.
PBOC trying to cool overheating sectors
The People's Bank of China is seeking to cool overheating economic sectors such as real estate as well as cut its huge foreign exchange reserves, a senior Chinese government official said.
Comment:Government debt offices gear up for change
Government debt offices play a vital role in managing the cost and risk of government borrowing and in the development of the domestic financial system, but they are frequently overlooked. A recent survey looks at the trends towards concentrated…
Philippines, Japan sign currency swap
The Philippine central bank and the Bank of Japan have signed a currency swap arrangement letting both countries draw from each other's foreign reserves for any "immediate need".
Qatar appoints central bank chief
Qatar appointed a member of its ruling family to the position of head of the central bank on Sunday 7 May, according to the AME Info website.
Angola swears in deputy governors
The Angolan Head of State, Jose Eduardo dos Santos swore in last Wednesday 3 May in Luanda two deputy governors of the National Bank of Angola (BNA).
Bank of Israel names new deputy governor
Bank of Israel governor Stanley Fischer has named Tel Aviv University economics professor Zvi Eckstein for the position of deputy governor, Haaretz reported.
New York Fed's Foreign Exchange Operations Report
According to the Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations quarterly report for January-March 2006, published 4 May, the U.S. monetary authorities did not intervene in the foreign exchange markets during…
Chairman Bernanke's clarity issue
According to this article published Thursday 4 May, while Ben Bernanke is unlikely to make radical changes in the statement issued after the next FOMC meeting, Fed watchers say he could aid his cause by eventually disclosing the central bank's forecasts…
Comment: Unravelling the RBA hike
The Reserve Bank of Australia has joined the world's leading central banks in tightening mode. Last week's rate rise was largely unexpected and opinion is split over how far the central bank will go in hiking rates this year.
Issing to leave ECB but monetarism lives on
Otmar Issing's legacy is set to continue, despite his retirement from the European Central Bank at the end of the month, according to this article published Friday 5 May.
Stratthaus rejects Buba board membership
Gerhard Stratthaus, finance minister of the state of Baden-Wurttemberg, has declined to join the Bundesbank's board, according to the Financial Times Deutschland.
China needs more Volcker and less Greenspan
According to this article published Monday 1 May, China's recent increase in interest rates may have the opposite effect to what was intended. The move may boost the economy, instead of slowing it, it says.
Comment: Trichet sounds his warning
After having made it clear that an interest rate increase was highly unlikely, the ECB's monetary policy meeting this week was all about how to signal future rate hikes pencilled in for later this year. Jean-Claude Trichet's message yesterday, 3 May, was…
ECB signals June rate rise
At the ECB's post-meeting press conference, after holding eurozone interest rates unchanged, on Thursday 4 May Jean-Claude Trichet said the Governing Council will exercise strong vigilance in order to ensure that risks to price stability over the medium…