Central Banks
IADB elects new President
Colombian diplomat and former minister of economic development Luis Alberto Moreno was elected president of the Inter-American Development Bank on Wednesday 27 July during a special meeting of the Bank's Board of Governors at IDB headquarters in…
Bank of Canada appoints Special Adviser
The Bank of Canada announced the appointment of Bruce Little on Thursday to the position of Special Adviser for the year 2005-06.
IMF's Rato offers congratulations to Moreno
IMF Managing Director Rodrigo de Rato congratulated Luis Alberto Moreno on Wednesday 27 July following his election as President of the Inter-American Development Bank. Rato said his diplomatic experience and leadership will benefit Latin America's…
IMF chief draws fire over style as leader
This article published on Wednesday 27 July suggests a whispering campaign has begun in Washington against IMF chief Rodrigo de Rato. They accuse Rato of being a hands-off manager who spends too much time abroad and eyes Spain's highest elected office,…
Spain suggests supervisory appointment changes
Julio Segura, director of the Bank of Spain, has recommended a few changes to the way that appointments are made for executives of regulatory and supervisory boards.
Greenspan may get five more years
A California congressman has said he wants to introduce legislation to give Federal Reserve chairman Alan Greenspan five more years in the job.
Buchholz named as a candidate for Fed seat
Todd Buchholz, an adviser to President Bush during the 2004 presidential campaign, is being considered by the White House for a seat on the Federal Reserve Board, reports said this week quoting sources close to the administration.
MAS's Keat on managing risks, fostering innovation
In the speech 'Managing risks, fostering innovation' given on 14 July Heng Swee Keat of the Monetary Authority of Singapore said our aim is to maintain a supervisory framework that is robust and responsive.
RBNZ leaves OCR unchanged at 6.75 per cent
The Reserve Bank of New Zealand left the Official Cash Rate unchanged at 6.75 per cent on Thursday 28 July. Governor Alan Bollard said short-term inflation pressures have recently emerged as a result of surging oil prices.
Systemic risk in alternative payment system design
This European Central Bank Working Paper analyses the consequences of an isolated, sudden and unexpected failure of a bank in alternative interbank payment system designs.
Germany's Clement says ECB rate cut overdue
German Economy Minister Wolfgang Clement has criticised the European Central Bank for failing to give the region's economy a boost by cutting rates at a time when conditions would have been more easily able to cope with relaxation of monetary policy.
Atlanta Fed's Barron on U.S. and global payments
In the speech 'Responding to change in U.S. and global payments' given on 19 July Patrick Barron of the Federal Reserve Bank of Atlanta said a large segment of the U.S. population loves to use checks and they will no doubt remain an important element in…
Bernanke won't advise on Fed chairman choice
Ben Bernanke said on Monday he will not be involved in advising President George W. Bush on whom he should pick to succeed Alan Greenspan as chairman of the Federal Reserve.
Monetary policy predictability in the euro area
The ECB Working Paper "Monetary policy predictability in the euro area: an international comparison" published Thursday evaluates the ability of market participants to anticipate monetary policy decisions in the euro area and in 13 other countries.
Fed's Kohn on monetary policy perspectives
In the speech 'Monetary policy perspectives on risk premiums in financial markets' given on 21 July Donald Kohn of the Federal Reserve said that greater transparency at the U.S. central bank may have led to less uncertainty in financial markets and…
Venezuela's president signs central bank reforms
Venezuelan President Hugo Chavez has signed a partial reform to the Central Bank Law to authorise investing six billion US dollars of hard currency reserves in social programs.
Federal Reserve's Monetary Policy Report, Jul 2005
The Federal Reserve published its July 2005 Monetary Policy Report to the Congress on Wednesday 20 July. The U.S. economy continued to expand at a solid pace over the first half of 2005 despite the restraint imposed on aggregate demand by a further rise…
Bank of England MPC Minutes, 6 & 7 July
The minutes from the 6 & 7 July meeting of the Bank of England's Monetary Policy Committee published on Wednesday 20 July showed policy makers voted 5-4 to leave its benchmark interest rate unchanged at 4.75%.
Greenspan signals more rate rises ahead
Federal Reserve Chairman Alan Greenspan said on Wednesday 20 July that the U.S. growth outlook was solid and the Fed should keep raising interest rates.
RBI technical committee holds first meeting
The first meeting of the Technical Advisory Committee on Monetary Policy was held on Tuesday 19 July at the Reserve Bank of India, Central Office, Mumbai.
Venezuela passes foreign reserves reform bill
Venezuela's Congress on Tuesday 19 July approved a reform bill giving the government access to $6 billion of the nation's international reserves.
Bank of Japan Policy Board Minutes
The Bank of Japan published the minutes from its 14 and 15 June Monetary Policy Meeting on 18 July. The minutes showed the board voted down in mid-June two proposals to cut its liquidity target, including one proposal to reduce it to just 25 trln yen.
Minneapolis Fed's Stern on payments system issues
In the speech 'Payments system issues and challenges' given on 15 June, Gary Stern of the Federal Reserve Bank of Minneapolis said there is no doubt that payments system change continues apace.
SARB's Guma on the outlook for monetary policy
In the speech 'The outlook for monetary policy' given on 22 June, Dr XP Guma of the South African Reserve Bank said as the formulator and transmitter of monetary policy the central bank needs to communicate its basic objectives, its strategy for…