Central Banking
Kate Barker reappointed to Bank of England's MPC
Kate Barker, who recently completed the Barker Review of Land Use Planning, was reappointed to the Bank of England's Monetary Policy Committee (MPC) for a further three-year term on Monday 23 April, becoming the first external member to serve a third…
Bini Smaghi pushing IMF reform
After the recent report on reforming the IMF and criticism of it from Mervyn King, among others, European Central Bank executive board member Lorenzo Bini Smaghi said in an article in the FT that emerging economies should accept that the IMF needs a…
Is Reddy ready to raise rates?
With inflation rising in India, this article from Moneycontrol asks whether the Reserve Bank of India will tighten policy when it meets on Tuesday 24 April.
Is the IADB becoming irrelevant?
Alternative lenders could make the Inter-American Development Bank increasingly obsolete if it does not find a niche for itself, this article from Latin America Press published Monday 23 April says.
Hungary's Simor wants clearer communication
The recently appointed governor of Hungary's central bank (NBH), Andras Simor, told a press conference on Monday 23 April that the NBH's Monetary Council must improve its communication.
Philadelphia Fed Business Outlook Survey, Apr 2007
According to the firms surveyed for the Philadelphia Fed's April 2007 Business Outlook Survey, activity in the region's manufacturing sector was basically unchanged again this month.
Term structure transmission of monetary policy
Under bond-rate transmission of monetary policy, the authors of this Bank of Canada Working Paper show that a generalized Taylor Principle applies, in which the average anticipated path of policy responses to inflation is subject to a lower bound of…
Communicating monetary policy to financial markets
This European Central Bank article reviews the main effects of the ECB's external communication on monetary policy, with a focus on expert audiences in financial markets and the media.
National Payment System South Africa 95 to 05
The National Payment System Department of the South African Reserve Bank published a document on Wednesday 18 April entitled The National Payment System in South Africa - 1995 to 2005.
Sweden's berg on increased financial integration
In the speech 'Increased financial integration - future challenges' given on 19 April Svante berg of the Sveriges Riksbank said financial integration is increasing rapidly in Europe, and this will lead to better conditions for economic growth, but that…
ECB's Weber says pressure on prices remains
European Central Bank governing council member Axel Weber told Handelsblatt newspaper in an interview published Friday 20 April that the ECB can't yet identify an end-point to its current cycle of interest rate increases.
Risks to inflation projections remain, says Paramo
Jose Manuel Gonzalez-Paramo, European Central Bank governing council member, said Thursday 19 April that although risks to eurozone inflation projections remain, ECB monetary policy remains accommodative.
Trichet says FX rates should reflect fundamentals
European Central Bank president Jean-Claude Trichet said Friday 20 April that too much volatility in foreign exchange rates is undesirable and exchange rates should mirror economic fundamentals.
King 'determined' to get UK prices down-report
The Yorkshire Post reported Friday 20 April that Bank of England governor Mervyn King has said the central bank is get inflation back on track to its 2 percent target.
Eurogroup's Juncker sees no panic on euro
Eurogroup President Jean-Claude Juncker said Friday 20 April there is no is no reason for over concern on the strength of the euro.
King finally writes his 'Dear Gordon' letter
Bank of England governor Mervyn King had to explain to UK chancellor Gordon Brown this week why inflation had exceeded the bank's target. This article by John Berry of Bloomberg looks at King's failure to be boring.
EU warns over ABN Amro interference
The European Commission warned the Netherlands Thursday 19 April against meddling in any takeover bid for Dutch bank ABN Amro.
Yogesh Anand leaving the RBNZ for the BIS
Reserve Bank of New Zealand Chief Information Officer Yogesh Anand is leaving the Bank to take up the role of Head of Information Technology Services for the Bank for International Settlements (BIS) in Basel, Switzerland, the RBNZ said Thursday 19 April.
ECB's Trichet on credit derivatives
In the speech 'Some reflections on the development of credit derivatives' given on 18 April Jean-Claude Trichet of the ECB said the credit derivatives industry may have become complacent over market dangers, and called for greater transparency and…
ECB Monthly Bulletin, April 2007
The European Central Bank published its April 2007 Monthly Bulletin on Thursday 19 April. In the report the ECB said monetary policy remains on the "accommodative side", with key ECB interest rates moderate and ample liquidity in the euro area.
Sweden's berg on current monetary policy
In a speech given on 18 April Svante berg of the Sveriges Riksbank said he argued for a 25 basis point rate hike at the Riksbank's last monetary policy meeting on March 29 and was against the majority decision not to change rates.
ECB's Bini Smaghi on central bank independence
In the speech 'Central bank independence: from theory to practice' given on 19 April Lorenzo Bini Smaghi of the ECB said fiscal discipline is important, and highlighted that out of control spending will undermine monetary policy.
Central Bank of Ireland, Quarterly Bulletin 2/2007
The Central Bank and Financial Services Authority of Ireland has published its Second Quarterly Bulletin for 2007. According to the Bulletin, price increases are set to continue due to the economy's dependence on imported oil and the poor performance of…
Dutch intervention is a central banking mistake
According to this article published Thursday 19 April by The Telegraph, it is rather odd for the Dutch central bank to release a statement on the ABN Amro break-up bid.