Central Banks
Comment: Uganda eyes inflation target
The Bank of Uganda will implement an inflation-targetting framework in the near future, the governor of the central bank, Emmanuel Tumusiime-Mutebile, told CentralBankNews.com. Only a lack of adequate and timely data is holding it back.
Atlanta Fed's Guynn set to retire
Jack Guynn, president of the Federal Reserve Bank of Atlanta, announced Thursday 22 June that he plans to retire effective from 1 Oct 2006.
Mark Olson resigns from Fed
Mark W. Olson submitted his resignation Wednesday 21 June as a member of the Board of Governors of the Federal Reserve System, effective June 30, 2006.
BOJ members closely watching stock prices
Minutes of the Bank of Japan's recent policy board meeting released Tuesday 20 June said members need to closely watch the impact of a global decline in stock prices on the world's second-largest economy.
Bank of England voted 7-1 to hold rates
Bank of England policymakers voted 7-1 to leave UK interest rates unchanged at their 7-8 June meeting, minutes released Wednesday 21 June showed.
Former Fed vice chairman joining Swiss Re
Former Federal Reserve vice chairman Roger Ferguson is joining global reinsurance company Swiss Re in a senior executive position, the company announced on Monday 19 June.
Fed's Kohn on the effects of globalization
In the speech 'The effects of globalization on inflation and their implications for monetary policy' given on 16 June Donald Kohn of the Federal Reserve said cutting U.S. inflation "could be difficult and costly" once it rose.
Fed's Olson named chairman of PCAOB
Federal Reserve governor Mark Olson was named on Monday 19 June as head of the Public Company Accounting Oversight Board, a U.S. watchdog that polices corporate auditors.
Senate approves Kohn as Fed vice chairman
The U.S. Senate approved the nomination of Federal Reserve governor Donald Kohn on Monday 19 June, to be vice chairman at the US central bank.
Paper on European monetary policy
The paper "Is European monetary policy appropriate for the EMU member countries? A counterfactual analysis" analyses whether interest rate paths in the EMU member countries would have been different if the previous national central banks had not handed…
Poll result says Fukui should quit
Nearly half of the respondents to a poll by Kyodo News Service said Bank of Japan governor Toshihiko Fukui should step down from his position, the news agency reported.
Interview with SNB's Hildebrand
In an interview with Swissinfo, published on Thursday 15 June, Swiss National Bank governing board member Philipp Hildebrand said the recent interest rate increase is unlikely to be the last.
Poole on the role of anecdotal information
In the speech 'The role of anecdotal information in monetary policy' given on 16 June William Poole of the Federal Reserve Bank of St. Louis said US policy makers should use anecdotal information to help assess whether higher energy prices are driving…
Bank of Japan scandal last thing Japan needs
According to this article by Bloomberg, published Friday 16 June, the Bank of Japan risks getting in the way of an economic recovery again, with a political scandal.
Reserve Bank of Fiji chooses LogicaCMG system
The Reserve Bank of Fiji (RBF) has contracted with LogicaCMG for the supply and implementation of an interbank real time gross settlement (RTGS) platform.
Bank of Canada Financial System Review, June 2006
The Bank of Canada has published its semi-annual June 2006 Financial System Review on 15 June. The likelihood that a shock would have a significant adverse impact on the Canadian financial system remains small, according to the Report.
Letter to the FT from Irma Rosenberg
In a letter published by the Financial Times on Thursday 15 June, Irma Rosenberg of the Swedish Riksbank says inflation targeting as practised by many central banks has undoubtedly been very successful.
Central banks to add MBS, agencies, gold
According to this article by Reuters, published Wednesday 14 June, central banks are planning to diversify foreign reserves away from US government debt into higher-yielding assets, including mortgage bonds.
BOI tops public servant 'fat cat' list
This article from The Jerusalem Post, published Tuesday 13 June, quotes a report from the Wage Supervisor's Office 2004 annual report as saying that senior Bank of Israel staff accounted for the top 14 most highly paid public servants.
Ingves on regional financial sector assessments
In the speech 'Can regional financial sector assessments provide additional values to the EU countries?' given on 13 June Stefan Ingves of the Sveriges Riksbank said the whole FSAP process was created to meet a specific purpose: to reduce the incidence…
New global note arrangement for debt securities
The ECB confirmed Monday 12 June that the so-called New Global Note (NGN) arrangement for international debt securities is in compliance with the Eurosystem's Standards for the use of EU securities settlement systems in ESCB credit operations.
Mersch says ECB ready to raise rates again
With inflationary pressures evident in the eurozone, the European Central Bank stands ready to raise interest rates again whenever necessary, Governing Council member Yves Mersch said at the presentation of the Luxembourg central bank's annual report.