Central Banking
BoE's inflation-targeting under scrutiny
According to this article from Bloomberg, published Monday 30 April, surging UK property prices are throwing into question the inflation-targeting approach of the Bank of England.
IMF says Bank of Mexico acted too fast
Mexico's Finance Minister Agustin Carstens said Monday 30 April that the central bank may have moved too fast in raising interest rates last week amid slowing economic growth.
Eurozone April inflation down to 1.8%
Inflation in the eurozone fell to 1.8 percent in April, down from 1.9 percent in March, the European Union's statistics bureau Eurostat said Monday 30 April.
SBP governor says IMF unhappy over decisions
State Bank of Pakistan (SBP) Governor Dr Shamshad Akhtar said in Karachi Monday 30 April that the IMF was unhappy over some of her policy decisions.
Japan's FSA to monitor hedge funds
Japan's Financial Services Agency (FSA) said on Tuesday 1 May it will start to monitor hedge funds which operate in Japan.
Bheenick on launch of Mauritius's MPC
In the speech 'Launch of the Monetary Policy Committee at the Bank of Mauritius' given on 23 April Rundheersing Bheenick of the Bank of Mauritius said today is the start of a new era in monetary policymaking in Mauritius.
SNB's Roth with a review of the Swiss economy
In the speech 'Review of the Swiss economy in 2006 and the outlook for 2007' given on 27 April Jean-Pierre Roth of the Swiss National Bank said with the Swiss economy close to full employment, the Swiss National Bank currently operates in a comfortable…
RBA paper on forecasting with factors
The Reserve Bank of Australia Research Discussion Paper "Forecasting with factors: The accuracy of timeliness" demonstrates that factor-based forecasts for key Australian macroeconomic series can outperform standard time-series benchmarks.
Central Bank of Malta - Annual Report 2006
According to the Central Bank of Malta's Annual Report 2006, the past year was marked by decisive progress towards the satisfaction of the Maastricht convergence criteria and the objective of an early adoption of the euro.
SARB Financial Stability Review, March 2007
The South African Reserve Bank published the March 2007 edition of its Financial Stability Review on 25 April. In its latest report the SARB said the South African financial system was assessed as sound, with overall confidence in the financial services…
IMF paper on Reserve Bank of Zimbabwe's losses
The IMF Working Paper 'Central bank quasi-fiscal losses and high inflation in Zimbabwe: A note' says Zimbabwe's failure to address continuing central bank quasi-fiscal losses has interfered with both monetary management and the independence and…
Race to succeed Canada's Dodge underway
According to this article from Bloomberg, published Thursday 26 April, potential successors to David Dodge at the Bank of Canada will include Paul Jenkins and Tiff Macklem as well as some external candidates named in the press.
France's Sarkozy redesigns BoE decision making
French presidential candidate Nicolas Sarkozy seemed to be a little out of date when discussing the Bank of England's monetary policy decision making last week on French television.
Trichet backing ECB against meddling
Jean-Claude Trichet of the European Central Bank rejected French presidential candidates' criticism of the eurozone central bank, insisting in an article published Sunday 29 April that the majority of French citizens support the bank's actions.
SF Fed's Yellen sees risks to global growth
Federal Reserve Bank of San Francisco president Janet Yellen said on Saturday 28 April risks to the global economy maintaining "exceptionally strong" growth include a slowing US economy and unbalanced trade flows.
UAE's Al Suwaidi says GCC on target
UAE Central Bank Governor, Sultan bin Nasser Al Suwaidi, said Thursday 26 April the Gulf Cooperation Council (GCC) should meet its 2010 deadline for monetary union.
PBOC raises reserve ratio
The People's Bank of China has ordered major commercial banks to set aside more money in reserves in a move to slow its economy.
Fed's Mishkin: Globalization & fin. development
In the speech 'Globalization and financial development' given on 26 April Frederic Mishkin of the Federal Reserve said developing countries need to develop their financial infrastructure to get wealthier and the answer is globalisation.
SF Fed's Yellen on the US economy
In the speech 'The U.S. economy: Prospects and a puzzle revisited' given on 26 April Janet Yellen of the Federal Reserve Bank of San Francisco said the Fed should neither hit the brakes nor the accelerator because the road ahead is uncertain.
Central Bank of Iceland, Financial Stability 07
The Central Bank of Iceland published its Financial Stability Report for 2007 on 25 April saying the crucial factor behind the Central Bank's assessment that the financial system is now more resilient to shocks is the banks' stronger liquidity and equity…
Bank of Canada Monetary Policy Report, Apr 2007
The Bank of Canada released its April 2007 Monetary Policy Report on 26 April. The latest report says growth of the Canadian economy has been essentially in line with the Bank's expectations.
Hong Kong Monetary Authority - Annual Report 2006
According to the Hong Kong Monetary Authority's Annual Report 2006, the exchange and money markets continued to be stable throughout the year despite record fund flows related to initial public offerings and speculation about the effect on the Hong Kong…
Regulators must be watched on bank bids
According to this article published by the Financial Times on Friday 27 April, the powers of financial supervisors should be checked on bank bids or they are likely to impose obstacles to such deals.
Mauritius moves monetary policy into modern era
According to this article from the Mauritius Times, published Friday 27 April, the decision by the Bank of Mauritius to set up a Monetary Policy Committee should be welcomed as a move away from the Middle Ages of central banking.