Central Banks

Solans on importance of Eurostat for ECB policy

In a speech on 'The importance of Eurostat for the monetary policy of the European Central Bank' Eugenio Domingo Solans of the ECB said he would like to thank the European Statistical System very much for its support of the ECB's monetary policy. "I wish…

Fed's Ferguson on inflation expectations

In a speech on 'Expectations' Roger Ferguson of the Federal Reserve said the most important potential contribution of monetary policymakers is to anchor inflation expectations so that private-sector decisions can be made as efficiently as possible.

Report says Serb c bank governor's days numbered

A report published by Vesti claims "the Serbian National Bank bill will be tabled in the Serbian Parliament in a few days time, and according to its decrees there isn't the remotest possibility that the current governor could retain his position".

New York Fed may get interim president

The Federal Reserve Bank of New York may install an interim president if a permanent replacement cannot be found immediately, according to the Financial Times. Pete Peterson, chairman of the Bank said "This is an important job in the system and we're…

Lebanon c bank to launch electronic bank service

The central bank of Lebanon announced the launch of secure electronic banking and information for Lebanon (SEBIL) on Friday 16 May, reports the Middle East Financial Network. The new system provides identification authorization, cryptographic services,…

Visa starts court case against RBA over reforms

On Monday 19 May Visa International began legal action in court against the Reserve Bank of Australia, claiming that the RBA did not have the power to undertake sweeping reforms of Australia's credit card industry, according to Associated Press.

Advisor to UK chancellor says scrap Stability Pact

In a paper published on Monday 19 May in the Oxford Review of Economic Policy abd reported in The Times, Michael Artis, an economics professor who provided technical input for some of the 18 euro studies sent to the UK Cabinet this weekend, and…

How Independent are Arab Central Banks?

An article in the Middle east Financial Network says that one way to measure the independence of a central bank is to consider the period of the governor's term and how often it is renewed. A number of Arab central bank governors and their deputies, it…

Exit economists from NY Fed contest

An article in the Financial Times calls it troubling that the two front runners have pulled out of contention for the job of New York Fed president. This reluctance fits something of a disturbing trend, the article asserts, with all the members of George…

BOK Governor suggests NE Asian economic bloc

The governor of the Bank of Korea Park Seung has said that the Northeast Asian nations should beef up economic cooperation in the region in keeping with the global trend toward regional economic blocs, according to the Korea Times

Banking returns to normal in the Solomon Islands

Trading has resumed at major banks in the Solomon Islands, reports Radio Australia. The central bank has reopened and reports say that long queues have formed at some banks. The moves came after organisers of the collapsed pyramid scheme run by the…

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