Central Banking
US should start a SWF: ex-Wyoming treasurer
The US should use its revenue from mineral reserves to start a sovereign wealth fund, said Cynthia Lummis, a former state treasurer for Wyoming, at Central Banking Publications' Sovereign Wealth Management conference.
UK inflation expectations surge to record high
The British public expects prices to rise by 3.3% over the next 12 months, their highest-ever estimate.
Chile keeps rates at six-year high
The Central Bank of Chile held rates at 6.25% for the second month in a row.
The EU's approach to SWFs is commendable
The EU Commission's proposal for sovereign wealth fund policies are to be welcomed, says Norbert Walter, the chief economist of Deutsche Bank Group. And it is in the interests of the funds themselves to support this course.
China's peg harms economy
China's exchange-rate regime, which pegs the renminbi to the dollar, exacts high welfare costs from different sectors of the economy and poses long-term risks to financial stability, claims a new paper published by the European Central Bank.
IMF's Lipsky backs countercyclical fiscal policy
Countercyclical fiscal policies may have to be used alongside monetary policy in order to combat the impact of the expected global slowdown, John Lipsky, the first deputy managing director of the International Monetary Fund, said.
Policy's role grows amid tensions: Canada's Carney
At a time of great uncertainty, it is more important than ever that monetary policy acts as stabilising force, said Mark Carney, the governor of the Bank of Canada.
SWF transparency fosters talent: Norway's Kjaer
Sovereign wealth funds should be more open in order to attract the best staff, not to appease regulators, the former head of Norway's Government Pension Fund - the most transparent of the public-sector investors - has said.
Norway leaves rates unchanged
The Bank of Norway's Executive Board opted on Thursday 13 March to keep rates at 5.25% for the second consecutive vote.
SWFs present systemic risk, require rules
A code of conduct for sovereign wealth funds is essential given their systemic importance, senior officials from the US Treasury and the International Monetary Fund said on Thursday 13 March at Central Banking Publications' Sovereign Wealth Management…
Fed issues new $5 bill
The first of the Federal Reserve's redesigned $5 bills was used to buy a collection of former President Abraham Lincoln's speeches.
Swiss rate band remains fixed around 2.75%
The Swiss National Bank (SNB) will keep its target range for three-month interbank borrowing costs between 2.25% and 3.25% for the coming quarter.
Sex and education affect inflation perceptions
Inflation perceptions are significantly related to consumers' socio-demographic characteristics, research published by the Bank of Italy finds.
Central bankers responsible for lower inflation
Monetary policy credibility accounts for why inflation appears generally to have become less persistent, said Janet Yellen, the president of the San Francisco Federal Reserve.
Argentina's Redrado on lessons from hyperinflation
Lower inflation is the consequence of more responsible fiscal, monetary and wage policies, which might be a result of more awareness of the costs of rampant price growth, stated Martin Redrado, the governor of the Central Bank of Argentina.
Thailand's Nijathaworn on the current turmoil
The unwinding of global imbalances, triggered by corrections in the US housing market that began in 2006, has caused the current global financial turbulence, said Bandid Nijathaworn, a deputy governor of the Bank of Thailand.
Markets rise on back of joint action
Global equity markets have surged following five of the world's most powerful central banks' announcement of their latest coordinated initiative on Tuesday.
Japan should maintain policy stance, says Noda
The Bank of Japan should continue to gradually raise rates in line with improvements to economic growth, a member of the central bank's rate-setting board has said.
BoE's Tucker gets second term on MPC
Paul Tucker, the executive director for markets at the Bank of England, is to serve a further three-year term on the Monetary Policy Committee.
Inflation on course to hit target: NBP's Skrzypek
Polish inflation is still expected to return to target in the medium term, Slawomir Skrzypek, the governor of National Bank of Poland, said.
Friedman and Taylor held similar views
The differences between the way in which Milton Friedman and John Taylor view the way the economy works are small are small, research published by the St Louis Federal Reserve notes.
Real economic impact of housing market explored
The Bank of Italy has published research looking at the US housing sector's impact on the real economy.
Japan stays firm on policy
The Bank of Japan's monetary policy stance remained unchanged in spite of an increase in the downside risks to growth, minutes of the February rate-setting meeting show.
Good times are over, says France's Noyer
Christian Noyer, the governor of the Bank of France, has warned that globalisation's impact on inflation will no longer be a positive one.