Central Banks
Central bank transparency under model uncertainty
This Federal Reserve Bank of New York Staff Report explores the effects of central bank transparency on the performance of optimal inflation targeting rules.
BIS conference on cb cooperation
The BIS is holding a conference: "Past and future of central bank cooperation", celebrating 75 years of the Bank for International Settlements, 1930 - 2005 in Basel 27-29 June.
Redrado says Argentina needs to reach IMF deal
Argentina's central bank governor Martin Redrado said on Sunday 26 June that it is important for the country to reach a loan accord with the International Monetary Fund to repay debt.
Interest rates to stay 'relatively low' says Zhou
People's Bank of China Governor Zhou Xiaochuan said in an interview the country will keep interest rates "relatively low" to help boost consumer spending and eliminate a trade surplus that has led to tensions with Europe and the US.
Snow says energy prices hurting US economy
Record high oil prices are beginning to take their toll on the U.S. economy, but not enough to halt or reverse the recovery, U.S. Treasury Secretary John Snow said on Tuesday 28 June.
Papademos says rate correct despite oil price high
European Central Bank Vice President Lucas Papademos said eurozone interest rates are "appropriate," even as the price of oil reaches record levels.
Southern Africa could have common central bank
The Common Monetary Area, Southern Africa's 30-year-old monetary union, could have its own central bank within five years, the governor of the Central Bank of Swaziland, Martin Dlamini, told CentralBankNet.
Bank of England Financial Stability Review, Jun 05
The Bank of England published its latest Financial Stability Review for June 2005 on Monday 27 June. Near-term risks to the UK financial sector from default by households, firms and overseas borrowers have remained low since the December Review, the…
BIS Annual Report 2004/ 2005
The Bank for International Settlements published its 75th Annual Report for 2004/ 2005 on Monday. Recent economic and financial developments have been broadly consistent with a number of trends in the global economy over the last two decades or so, the…
BIS's Wellink at the 75th Annual General Meeting
In a speech at the 75th Annual General Meeting of the BIS on Monday 27 June, Chairman of the Board of Directors and BIS President Nout Wellink said with world growth at almost 5%, 2004 was the best year in nearly three decades, with emerging market…
Malaysia to maintain low rates despite oil price
Bank Negara Malaysia may keep interest rates low, even though global oil prices continue to remain high, national news agency Bernama reported, quoting the central bank's governor Zeti Akhtar Aziz.
BOJ's Haru says monetary policy may change
Bank of Japan policy board member Hidehiko Haru said in a speech the central bank may see the possibility of ending its quantitative monetary policy easing in the year to March 2007.
Gonzalez Paramo says ECB rates right for now
Current eurozone interest rates are 'adequate' and 'appropriate,' European Central Bank board member Jose Manuel Gonzalez Paramo told La Gaceta de los Negocios in an interview.
ECB's Mersch sees no reason to alter rates
Current European Central Bank interest rates are appropriate, ECB Governing Council member Yves Mersch said in an interview published on Monday 27 June.
Nobel winner says China growth may be understated
Nobel Prize laureate Robert Fogel said he is optimistic about China's sustained economic growth, predicting at least 8% growth for the next 35 years.
Trichet on the ECB - five ideas
In an article published last week European Central Bank president Jean-Claude Trichet said that he is not preparing markets for either a cut or an increase in interest rates.
Iraq's central bank builds credibility
The strength of their currency is one solid economic achievement the Iraqis have to hold on to, according to this article. It attributes this remarkable level of stability to sound government policies - specifically the transformation of the Central Bank…
Philadelphia Fed head receives Italian civic honor
The Consul General of Italy recently presented the prestigious Italian recognition of "Cavaliere," an honorary knighthood, to Anthony Santomero, president of the Federal Reserve Bank of Philadelphia.
Peru's economy minister is IADB candidate
Peru has nominated Economy Minister Pedro Pablo Kuczynski as its candidate to head the Inter-American Development Bank once current head Enrique Iglesias leaves the post in September.
Magistrate says T&T central bank filing 'archaic'
Chief Magistrate Sherman McNicolls said this week he was "really alarmed" by the record filing system at the Central Bank of Trinidad and Tobago, the Trinidad and Tobago Express reported.
Interview with Bank of France's Noyer
In an interview published this week Bank of France governor and European Central Bank council member Christian Noyer said it was "crazy" to think that an interest rate cut in isolation can boost euro zone growth.