Central Banks
How should central banks communicate?
This European Central Bank Working Paper published on 25 November shows that central bank communication is a key determinant of the market's ability to anticipate monetary policy decisions and the future path of interest rates.
Russian people keep $30bn
The Central Bank of Russia has evaluated the volume of hard currency accumulated by residents at $20 billion to $30b, central bank chairman Sergei Ignatyev told a session at the State Duma.
BoE's Large on liquidity risk in a global system
In the speech 'Financial Stability: Managing liquidity risk in a global system' given on 28 November Andrew Large of the Bank of England put the case for central banks and regulators in all jurisdictions to review the appropriateness of current liquidity…
Sweden's Persson - speech on monetary policy
In the speech 'Monetary policy yesterday, today and tomorrow' given on 9 November Kristina Persson of the Sveriges Riksbank said the economic outlook in Sweden is favourable, but that she finds the international picture and its effects on Sweden worrying.
Brown's gold sale losses pile up as price surges
According to this article published on Monday 28 November, the recent increase in the price of gold should be something of an embarrassment for UK Chancellor Gordon Brown with the Bank of England offloading 300 tonnes of gold at close to a 20-year low…
Russia says gold policy will change slowly
Russian central bank chairman Sergei Ignatyev said Friday 25 November that any change in the weighting of gold in its reserves would come in years rather than months.
The Bernanke Files
Since the White House announcement on 24 October, the Financial Markets Center has published a detailed package of four pieces on Ben Bernanke's nomination as Federal Reserve Chairman.
Richmond Fed directors re-appoint FAC member
G. Kennedy Thompson - chairman, president and CEO, Wachovia Corp., Charlotte, N.C. - was re-appointed on 18 November as the Fifth Federal Reserve District's representative on the Federal Advisory Council for 2006.
Uncertainty over second term for Serdengecti
Turkish economists are asking whether the government will give central bank governor Sureyya Serdengecti a second five-year term to avoid any turmoil in financial markets.
Germany supports former Polish PM as OECD chief
Outgoing German Chancellor Gerhard Schroeder said recently that both he and designated chancellor Angelor Merkel supported former Polish Prime Minister Marek Belka as the new chief of the Organization for Economic Cooperation and Development.
Fed nominee's life rooted in numbers
The background and upbringing of Federal Reserve nominee Ben Bernanke is detailed in depth in this article published this week. From his counting ability at aged 3, to his decision to study economics rather than majoring in English at Harvard. While…
Interview with ECB's Quaden
In an interview published on Tuesday 22 November, European Central Bank Governing Council member Guy Quaden said the ECB needs to tackle the problem of negative real interest rates in Europe, but this does not mean slamming the brakes on growth.
Interview with Richmond Fed's Lacker
In an interview published this week, Federal Reserve Bank of Richmond President Jeffrey Lacker said that as far as he is concerned it is clear "we're not done removing accommodation," suggesting US interest rates have further to rise.
Interview with ECB's Trichet
In an interview published on Thursday 24 November, European Central Bank President Jean-Claude Trichet said he doesn't foresee "repeated" rises in eurozone interest rates.
Plenderleith to retire from SARB
South African Reserve Bank deputy governor Ian Plenderleith will retire at the end of his three-year contract on 31 December 2005, an SARB spokesperson was quoted as saying this week.
President 'Arrovo' blunder prompts banknote recall
The Philippines central bank suffered embarrassment this week when it was noticed that 100 peso (US$1.80) bank notes had been issued with the surname of President Gloria Macapagal Arroyo spelled "Arrovo," with a "v."
ECB's Issing on mortgage markets & monetary policy
In the speech 'Mortgage markets and monetary policy: a central banker's view' given on 23 November Otmar Issing of the ECB said the ECB will be able to avoid sharp rises in interest rates if markets have faith in its ability to keep inflation under…
Norway's Bergo on monetary policy
In the speech 'Monetary policy and the cyclical situation' given on 23 November Jarle Bergo of Norges Bank said developments ahead are uncertain and the Norwegian economy may be exposed to shocks.
Sveriges Riksbank, Financial Stability Report 2:05
Sweden's central bank, the Sveriges Riksbank, has published its second Financial Stability Report for 2005. Currently, there is nothing to indicate that the Swedish banks will have any serious problems with loan losses or profitability in the coming two…
ECB's Trichet on Eurasia: Bull meets tiger
In the speech 'Eurasia: Bull meets tiger - Panel III - Financial markets: Shared responsibility' given on 18 November Jean-Claude Trichet of the ECB said the experiences of Europe and the Asia-Pacific region with regard to regional surveillance present…
Russia's central bank should boost gold - Putin
Russian President Vladimir Putin has said that Russia's central bank should pay more attention to gold in its international reserves.
Comment: Russia's reserve management
At a time when Russia's official foreign reserves have risen sharply due largely to increased revenues from oil exports, the Central Bank of Russia (CBR) has been remarkably transparent how it manages these reserves.
BIS's Icard on risk measurement and systemic risk
In the speech 'Risk measurement and systemic risk' given on 8 November Andre Icard of the BIS said structural change, though a good thing in general, also means uncertainty.
RBNZ Financial Stability Report, November 2005
The Reserve Bank of New Zealand published its November 2005 Financial Stability Report on 18 November. Reserve Bank governor Alan Bollard commented: "The New Zealand financial system, overall, is well placed to weather a possible slowdown in the economy."