Central Banking
Mizuno wanted 25 bp hike
The minutes from the Bank of Japan's monetary policy board July meeting confirm that Atsushi Mizuno wanted to raise the overnight rate from 0.5% to 0.75%.
Problems with monetary policy transmission lags
A paper published by the Bank of Finland investigates how lags in monetary policy transmission can damage the credibility of inflation-targeting central bankers.
Bank of Mongolia - Annual Report 2006
Mongolia's economy grew by 8.4% in 2006. Inflation stood at 6%, 1 percentage point lower than the 7% limit set by the State Monetary Policy Guideline.
Borrowing from Fed at highest level since 9/11
Banks have borrowed an average of $1.2 billion a day from the Federal Reserve's discount window for the week ending 22 August. This is the third highest weekly amount of borrowing ever.
Malaysia holds rates at 3.5%
Bank Negara Malaysia decided to keep its overnight call rate at 3.5% on Friday.
Canada appoints special adviser
Paul Masson will join the Bank of Canada as a special adviser for the year 2007-08 in September, the central bank announced on Wednesday 22 August.
RBNZ appoints new department head
Lindsay Jenkin will join the Reserve Bank of New Zealand as head of human resources.
Zimbabwe's Gono banned from United Kingdom
A leading Zimbabwean newspaper has reported that the United Kingdom has barred Gideon Gono, the governor of the Reserve Bank of Zimbabwe, from entering the country because of his role as president Robert Mugabe's "private banker".
Ford chief joins Wall Street's calls for Fed cut
Alan Mulally, the chief executive of motor company Ford, voiced his support for a cut to the federal funds rate on Friday.
Papua New Guinea's Kamit reviews progress
Wilson Kamit, the governor and chairman of the Bank of Papua New Guinea, discussed developments that the country's economy has made since 1999.
Bank of Slovenia - Annual Report 2006
Strong exports and domestic consumption helped Slovenia's economy grow by 5.2% in 2006. The construction sector had an impressive year, expanding by more than 20% in the final quarter.
Securitisation led to subprime growth
The introduction of automated underwriting and securitisation caused the US subprime loans market to expand, according to two International Monetary Fund (IMF) researchers.
The emergence of principles-based policy
The Swiss National Bank has published a paper reviewing what it describes as the success of its principles-based approach to monetary policy.
IMF head plays down market volatility
Rodrigo de Rato, the managing director of the International Monetary Fund (IMF), expects both US and global economic growth to continue in spite of financial turmoil.
Japan holds rates for now
The Bank of Japan's monetary policy board voted 8-1 in favour of keeping the overnight call rate at about 0.5%.
RBNZ boosts liquidity with bill buyback
The Reserve Bank of New Zealand said that it will accept New Zealand bank bills in its overnight reverse repurchase facility from 24 August.
Pressure moves to money market funds
In a classic example of how financial strains can have repercussions in areas of finance far away from the original epicentre of the crisis, asset management companies such as Vanguard Group and Fidelity Investments have been flooded with calls from…
We can overcome international snub - Iran deputy
Mohammad-Jaafar Mojarrad, the deputy governor of the Central Bank of the Islamic Republic of Iran, said it is handling the impact of the US's plea to Europe's banks to stop trading dollars with the country.
Svensson defends publication of rate path
Lars Svensson, the deputy governor of Sweden's Riksbank, said the central bank had decided to publish an interest rate path because it was impossible to forecast inflation and resource allocation without having an assumption for the interest rate path.
Sri Lankan deputy on John Exter's legacy
W. A. Wijewardena, the deputy governor of the central bank of Sri Lanka, spoke on Monday about the how the ideas of the central bank's founder, John Exter, remained relevant today.
The impact of contagion on interbank markets
The Bank for International Settlements has published a paper on using counterfactual simulations to assess the danger of contagion in interbank markets.
Bank of Zambia - Annual Report 2005
The Zambian economy recorded 5% growth in 2005, with manufacturing and tourism making the most appreciable contributions, in-spite of adverse developments in the oil industry that threatened economic activity.
US Senator hints at cut after high level meeting
Christopher Dodd, a US senator, said Ben Bernanke, the chairman of the Federal Reserve, would use "all the available tools" to ensure markets remained liquid.
Russia wants Czech governor Tosovsky to head IMF
Russia has nominated Josef Tosovsky, the former head of the Czech National Bank and the current chair of the Bank for International Settlements' Financial Stability Institute, to take over from Rodrigo Rato at the International Monetary Fund (IMF).