Central Banks
New BOK governor named
President Roh Moo-hyun on Thursday 23 March appointed Lee Seong-tae, deputy governor of the Bank of Korea (BOK), as the new governor, his office Cheong Wa Dae announced.
New Fed governors sworn in
Kevin M. Warsh and Randall S. Kroszner were formally sworn in as members of the Board of Governors of the Federal Reserve System at a ceremony Thursday 23 March in the atrium of the Board's main building in Washington.
CBN Comment on UK Budget
Three little-noticed items from the budget delivered March 22 by UK Chancellor of the Exchequer, Gordon Brown, will be of interest to central banks and market regulators.
BoJ's Fukui on the conduct of monetary policy
In the speech 'New framework for the conduct of monetary policy: Toward achieving sustainable economic growth with price stability' given on 16 March Toshihiko Fukui of the Bank of Japan said monetary policy that is too accommodative could eventually…
RBNZ's Orr on financial stability in New Zealand
In the speech 'Towards a framework for promoting financial stability in New Zealand' given on 22 March Adrian Orr of the RBNZ said the financial system is critical to the future growth of the New Zealand economy.
Memorandum of Understanding on financial stability
HM Treasury, the Bank of England and the Financial Services Authority on Wednesday 22 March jointly published an updated Memorandum of Understanding for Financial Stability.
Bank of England voted 8-1 to hold rates
Bank of England policymakers voted 8-1 to leave UK interest rates unchanged at their most recent meeting. Stephen Nickell remained the only member of the Monetary Policy Committee to vote for a cut in the cost of borrowing in March, the minutes released…
Comment: The 'yield conundrum' revisited
Fed chairman, Ben Bernanke, made it clear in a speech earlier this week that he is no closer than his predecessor, Alan Greenspan, to making sense of the 'yield conundrum'.
Canada may lower inflation target
David Dodge, governor of the Bank of Canada, said Tuesday 21 March that it could be time to lower the BoC's two percent inflation target.
Fed's Spillenkothen to retire
Rich Spillenkothen, the director of the Division of Banking Supervision and Regulation, will retire on June 30 after thirty years of service with the Federal Reserve Board, including nearly fifteen years as the director of the division.
Bernanke on the yield curve and monetary policy
In the speech 'Reflections on the yield curve and monetary policy' given on 20 March Ben Bernanke of the Federal Reserve said the recent inversion of the yield curve is not a signal of a coming period of economic weakness.
G. William Miller led Fed in Carter years
According to this obituary published on Monday 20 March, former Federal Reserve chairman G. William Miller helped transform textiles company Textron Inc. into a global force, and was also active in civic life and political organisations.
BoJ's Mizuno sees rate rise 'any time'
Bank of Japan policy board member Atsushi Mizuno said in a speech on Monday 20 March that he expects an increase in interest rates from around zero pct at "any time."
Bundesbank reports increased profits
The Bundesbank reported a net profit of 2.86 bln eur in 2005 on Tuesday 21 March, up from 676 mln a year earlier.
New BOK chief to be named this week
This article published on Tuesday 21 March looks at the changes that will be seen in the Bank of Korea's ranks soon. As well as a new governor, there will also be a significant change in the line-up of the bank's seven-member monetary policy committee,…
IMF paper on central banks and seigniorage
The IMF Working Paper "Spending seigniorage: Do central banks have a governance problem?" published March 2006 reviews how central banks allocate seigniorage, based on systematic crosscountry comparisons of their financial accounts.
Ireland's Hurley on monetary policy
In the speech 'Monetary policy and prospects for the European economy' given on 9 March (published 16 March) John Hurley of the Central Bank & Financial Services Authority of Ireland said the European Central Bank is ready to act as needed to keep down…
ECB's Gonzalez-Paramo on monetary policy
In the speech 'Uncertainty and gradualism in monetary policy' given on 17 March Jose Manuel Gonzalez-Paramo of the ECB said hard data currently available indicates that the euro zone is growing at a rate higher to that forecast by the Bank in December.
Approval of policy changes to Fed cash services
The Federal Reserve Board on Friday 17 March announced the approval of policy changes that seek to reduce the overuse of Federal Reserve Bank cash-processing services by providing incentives for depository institutions to recirculate currency among their…
Riksbank to form cash management advisory board
The Executive Board of Sweden's Riksbank decided at its most recent meeting to establish a cash management advisory board consisting of representatives from the cash management field.
Former Fed chairman G. William Miller dies
G. William Miller, a former Federal Reserve chairman, has died aged 81.
Former CBK officials charged with fraud
A Kenyan court on Monday 20 March charged five former senior officials, including former Central Bank of Kenya (CBK) governor Eric Kotut, with fraud and theft in the east African country's biggest corruption scandal.
Atlanta Fed's Guynn on sustainable growth
In the speech 'Nurturing sustainable growth in a global context' given on 15 March Jack Guynn of the Federal Reserve Bank of Atlanta said the way forward for monetary policy is becoming harder to predict.
Bet on the Fed pausing at 5 percent
Federal Reserve officials seem more likely to pause in raising their target for the overnight lending rate when it reaches 5 percent than to push it up to 5.5 percent, according to this article published Wednesday 15 March.