Central Banks
Fed says foreign central banks buying more US debt
Foreign central banks continued to be net buyers of U.S. debt in the latest week, the Federal Reserve said on Thursday 27 May, taking their total holdings to another record high.
BoC's Kennedy says oil prices lifting inflation
In a speech on Thursday 27 May, Bank of Canada Deputy Governor Sheryl Kennedy said that higher oil prices and strong global demand are pushing Canada's inflation rate higher than was forecast in the April Monetary Policy Report.
BOJ reports loss for first time in 32 years
The Bank of Japan reported a current loss of 22.2 billion yen ($200 million) for the year ended March 31, as the yen's 13-percent gain against the dollar caused losses on foreign currency-denominated assets and bond prices fell.
Copom shows rate held to stall inflation
Brazils central bank decided to freeze its Selic base rate at 16% at its last Monetary Policy Committee (Copom) meeting in order to prevent short-term volatility from affecting inflation, minutes from the meeting showed.
Fabritius on the Deutsche Bundesbank in transition
In aspeech on 'The Deutsche Bundesbank in transition' given on 4 May, Dr Hans Georg Fabritius of the Bundesbank said the Deutsche Bundesbank finds itself in the midst of a far reaching process of organisational change. In future, it will be able to…
Risk Management for Central Bank Foreign Reserves
The European Central Bank released a publication entitled "Risk Management for Central Bank Foreign Reserves" on 26 May. The publication gathers contributions by academics and practitioners on the role risk management plays in the management of central…
New joint website De Nederlandsche Bank & PVK
A new joint website of De Nederlandsche Bank (DNB) and the Pensions and Insurance Supervisory Authority for the Netherlands (PVK) has been created. Both organisations expect to be merged under the name of De Nederlandsche Bank.
ECB's Issing: Euro zone recovery set to continue
European Central Bank's chief economist Otmar Issing said on Thursday 27 May that economic recovery in the 12-country euro zone is set to continue and gather momentum this year.
No big short-term dollar shift says ECB's Wellink
The dollar is unlikely to show any big swings on the foreign exchange market soon as rapid growth allows the U.S. to finance its current account gap, European Central Bank Governing Council member Nout Wellink said in an interview on Thursday 27 May.
Bundesbank's Weber says banking mergers make sense
Bundesbank President Axel Weber said promoting mergers in the German banking industry may ``make sense'' as such combinations can be cheaper to carry out than partnerships with banks outside the country.
Renminbi float will be monitored closely, Zeti
Malaysia will closely monitor the implications of a possible float in the now-pegged renminbi in the foreign exchange market and particularly the effects on the local economy.
Russia's Ignatyev upbeat on inflation, currency
Russia has a good chance it can meet its inflation and foreign exchange targets despite rising oil prices and its budget situation, Russian Central Bank Governor Sergei Ignatyev said on Wednesday 26 May.
Brazil sticks to 5.5 % inflation target
Brazil's central bank continues to target inflation of 5.5 per cent this year despite the rising cost of oil and market expectations that consumer prices will rise, the bank's president said on Wednesday 26 May .
Trichet at the Bank of Russia Seminar
In a speech to the Joint Eurosystem - Bank of Russia Seminar, Helsinki given on 25 May Jean-Claude Trichet of the ECB said with this seminar we want to strengthen and broaden our dialogue on all central banking issues, taking account of developments not…
Greenspan, his limo rides, and interest rates
The Republican central banker's visits to the White House have nearly quadrupled since Bush replaced President Clinton, according to this article. His visits lead to two intriguing questions, the article says. How involved is the Fed chairman in setting…
Fed Reserve Bank of Boston - Annual Report 2003
The Federal Reserve Bank of Boston has published its Annual Report for the year ended 2003. In the Feature Essay "Embracing Change" president Cathy Minehan looks at the payments evolution, new approaches to education, and managing risk - changes in the…
Norway holds interest rate unchanged
Norway's central bank, Norges Bank, kept its key interest rate unchanged at their Wednesday meeting at 1.75 percent. Norges Bank maintained its outlook of easing bias suggesting they still believe that the next rate movement will more likely be a cut…
Conference on e-money to convene in Iran
The secretariat of the Supreme Council for Information Dissemination and the Export Development Bank of Iran (EDBI) will convene the first conference on e-money in Iran next month.
Bundesbank's Weber to discuss deficit with Eichel
Bundesbank President Axel Weber said he will meet with German Finance Minister Hans Eichel on Friday to discuss ways to avoid violating European Union budget rules for a fourth straight year in 2005.
Liebscher slams Stability Pact spoilers
European Central Bank governing council member Klaus Liebscher said Wednesday that euro zone states must respect the terms of the Stability and Growth Pact.
IMF opens training centre in China
On Wednesday the International Monetary Fund inaugurated a training center jointly built with China in Dalian, a port city in northeast China's Liaoning Province. Attendees included Robert Mundell, the former Nobel prize winner.
China economists call for yuan basket peg
A group of leading Chinese economists, including a member of the People's Bank of China's influential monetary policy committee, has called for China to remove its long-standing yuan peg to the U.S. dollar and fix the yuan to a basket of currencies.
When Hong Kong trounced the speculators
The HKMA beat back speculators in 1998, but did its own fuzzy rules encourage them? Charles Calomiris reviews a new book on this famous episode.