News
Iran's central bank and BIS to boost cooperation
According to IRNA news agency, Iran's central bank governor Ebrahim Sheibani held talks with the general Manager of the BIS, Malcolm Knight, in Basel aimed at stepping up banking cooperation.
Bank of Canada appoints Special Adviser
The Bank of Canada announced Wednesday 28 June the appointment of Professor Steve Ambler to the position of Special Adviser for the year 2006-07. The Special Adviser position was created to bring additional perspectives to monetary policy discussions.
BoF's Noyer warns on imprudent mortgage lending
Bank of France governor Christian Noyer told the French banking commission Wednesday 28 June that imprudent mortgage lending by French banks could lead to problems if interest rates rise or property prices fall.
BOJ scandal heats up
Calls for the resignation of Bank of Japan governor Toshihiko Fukui are intensifying amid worries about interest-rate hikes and falling stock prices, according to this article from BusinessWeek, published Tuesday 27 June.
Paulson has strong confidence in Bernanke
Henry Paulson, President Bush's nominee as the next US Treasury Secretary, has thrown his weight behind Ben Bernanke, the new chairman of the Federal Reserve.
Philippines central bank to reduce policy meetings
The central bank of the Philippines has decided to hold its monetary policy-setting meetings every six weeks starting July, instead of every four weeks.
Sri Lanka appoints new central bank governor
Effective from Thursday 22 June Presidential Advisor on Economic Affairs and Secretary to the Ministry of Plan Implementation Ajith Nivard Cabraal became the new governor of the Central Bank of Sri Lanka.
ECB 'permanently alert' says Trichet
European Central Bank president Jean-Claude Trichet said in an interview published Tuesday 27 June the ECB governing council is "permanently alert" and ready to act to counter inflation risks.
King, robed in red, given Cambridge's top honour
According to this article, Bank of England governor Mervyn King was due to receive Cambridge University's highest honour on Tuesday 27 June.
Fed confronts failure to comprehend
According to this article from Bloomberg published Tuesday 27 June, five months into the term of Ben Bernanke at the Fed he and his colleagues haven't figured out how to get financial markets to understand what they are trying to do with monetary policy.
Garganas says ECB may aggressively raise rates
European Central Bank council member Nicholas Garganas said in an interview the bank is ready to accelerate the pace of interest-rate increases to counter higher inflation risks in the eurozone.
Costello hopes to harness Macfarlane talents
Treasurer Peter Costello has said he hopes outgoing Reserve Bank of Australia governor Ian Macfarlane will consider working with the government after he retires.
US monetary policy
The course of U.S. monetary policy is "appropriate" and the country's rate of economic growth should slow in the second half of the year, International Monetary Fund Managing Director Rodrigo Rato said in Madrid.
Book planned on history of the Riksbank
The Executive Board of Sweden's Riksbank has decided to produce a book on the history of the Riksbank, aimed at those interested in society and history. The book is expected to be ready at the end of 2008.
ECB keeping rate options open says Quaden
The European Central Bank is not ruling out the possibility of an interest rate hike in early August, ECB governing council member Guy Quaden was quoted as saying in an interview published Monday 26 June.
PBOC's Zhou sees 10% economic growth
China's economy will expand at least 10 pct in the second quarter and in full year 2006, despite measures designed to cool the economy, the Wall Street Journal cited People's Bank of China Governor Zhou Xiaochuan as saying.
BIS Board of Directors elects three new members
The Board of Directors of the BIS announced Monday 26 June the election of three additional central bank Governors as members of the Board of Directors of the BIS.
Donald Kohn appointed Chairman of the CGFS
At their meeting in Basel this weekend, the Governors of the central banks of the Group of Ten (G10) countries appointed Donald L Kohn as Chairman of the Committee on the Global Financial System (CGFS).
David Walton
This Obituary, published Friday 23 June, says that David Walton was a tough-minded economist who capped a brilliant City career with a seat on the Bank of England's Monetary Policy Committee.
Bernanke tops Greenspan as market mover
This article from CNN Money, published Thursday 22 June, reports that a new study reveals that new Fed chief Ben Bernanke has provoked more movement than his predecessor, accounting for 27 basis points of variation in two-year yields.
China can convert part of FX to gold - report
Two central bank officials suggested China can convert part of its foreign exchange reserves to gold holdings to head off risks from the depreciation of the US dollar, China's state media reported.
Study says markets on Fed's wavelength
According to a recent study by the Federal Reserve Bank of Cleveland, better communication by the U.S. central bank has dramatically cut mistakes by markets betting on future interest rate moves.
Dallas Fed study says Mexico financially sound
A study by the Federal Reserve Bank of Dallas has found that Mexico is in sound financial shape and should maintain economic stability through its upcoming presidential election.
Buba's Weber says ECB 'very accommodative'
Bundesbank president Axel Weber said on Friday 23 June that the European Central Bank's monetary policy remains very accommodative despite the June 8 interest rate increase.