Central Banking
No need for currency intervention - Dodge
The governor of the Bank of Canada says there is no justification for active market intervention by the central bank to sway the recent strengthening of the Canadian dollar.
IMF backs inflation targets for Armenia, Georgia
A new paper from the IMF makes a case for a gradual transition to full-fledged inflation targeting in both Armenia and Georgia in the medium term.
SNB raises rates, sells gold
The Swiss National Bank has raised interest rates by 25 basis points to 2.5% on 14 July. The central also announced that it will sell 250 tonnes of gold and increase its foreign exchange reserves by a corresponding amount.
"I'm still around," Gono warns currency dealers
The Governor of the Reserve Bank of Zimbabwe, Gideon Gono, has had to dismiss rumours that he is in bad health after illegal foreign currency dealers celebrated his alleged demise.
Stevens raises inflation spectre
Inflation is more likely to rise during 2008 than to recede, according to Glenn Stevens, the Governor of the Reserve Bank of Australia.
Fed's Beige Book
There was continuing weakness in residential real estate and construction but increasing strength in the commercial real estate sector, including both office and industrial space, reports the Fed's 4th Beige Book of the year.
Soludo on the Nigerian banking system
Following controversy over Springbank, the governor of the Central Bank of Nigeria, Charles Soludo, sought to reassure the public in this briefing that the banking system is safest and soundest it has ever been in its history.
Examining monetary policy press conferences
This ECB working paper studies how explanations of monetary policy decisions at press conferences are perceived by financial markets, and finds that ECB press conferences provide substantial additional information to financial markets beyond that…
Conservatives want one-term limit for BoE governor
Britain's opposition Conservative Party is considering a one-term limit for the governor of the Bank of England, a policy that would mark the biggest change in the framework for monetary policy since the bank was made independent in 1997.
Thailand CB hunts ex-PM's missing money
The governor of the Bank of Thailand, Tarisa Watanagase, says the central bank is currently investigating what happened to the money recently withdrawn from the accounts of disposed prime minister, Thaksin Shinawatra. The governor believes the money has…
Bond yields tighten on rate fears
The world's leading bond markets continued to tighten on 13 June, with benchmark yields reaching multi-year highs as the market responds to the threat of rising interest rates from central banks around the world.
FSA warns on private equity
The British Financial Services Authority (FSA) has voiced concerns over the "excessive level" of debt private equity firms use to buy out public companies.
IMF: Turkish CB independence essential for IT
The independence of Turkey's central bank is essential for the success of inflation targeting, the IMF said in its 2007 article 4 report.
Give Asia its due - Zeti
Malaysia's central bank governor, Zeti Akhtar Aziz, says Asia's increasing role in the global economy underlines the case for the continent being proportionately represented in the international financial community.
Constructing a sovereign balance sheet
In this article two IMF economists discuss a "new tool in surveillance, the public sector balance sheet, [which] can help diagnose vulnerabilities that are not immediately visible in the budget."
ECB's Papademos: globalisation and monetary policy
Globalisation has not made monetary policy less effective in containing inflation, Lucas Papademos, vice president of the European Central Bank argued, during a speech he made on 11 June.
Trichet says monetary policy still accommodative
Speaking to the European parliament on Monday, Jean-Claude Trichet, the president of the ECB, said monetary policy was accommodative even after the recent quarter-point rate rise.
King warns on inflationary pressures
Mervyn King served notice that rates may have to rise even though the Bank of England sees inflation as likely to drop back this year from March's breach of the 3% target.
Williams gets second term as T&T governor
The Central Bank of Trinidad & Tobago reappointed Ewart Williams for a second five-year stint as governor a month before his contract was due to run out.
Bank of Israel should oversee bank fees - Knesset
The final report of the Knesset's committee looking into banking fees recommended that control of banking fees be transferred to the central bank.
Prospects for India's economy - Reddy
The Reserve Bank of India will try contain inflation at close to 5%, said Dr Y.V. Reddy, the central bank's governor, in a speech in Chile.
Fed's Hoenig on recent economic developments
US economic conditions will improve in the coming months, said an optimistic Tom Hoenig, CEO of the Kansas City Fed.
Swiss National Bank - Annual Report 2006
With almost one-third of its assets in gold, 2006 was another strong year for the Swiss National Bank, as the 99th annual report details.
Ireland's Hurley on monetary policy
Ireland has benefited from the euro, explained John Hurley, the governor of the Central Bank of Ireland, but challenges remain in dealing with rising credit growth and housing prices.