Central Banking
RBA's Edey on the Australian economy in 2007
In the speech 'The Australian economy in 2007' given on 7 March Malcolm Edey of the RBA said Australia's economy is expected to be underpinned in the short-term by still solid world economic growth, especially resource exports to China and India.
Japan's Iwata on unwinding yen carry trades
Bank of Japan deputy governor Kazumasa Iwata said Wednesday 7 March recent financial market developments, including the unwinding of yen carry trades, were "technical position adjustments" by investors who have been "complacent" about asset price…
Japan to tap business chiefs for BOJ board- report
Japan's government will appoint a vice president of the country's largest trading company and a shipping company executive to the Bank of Japan's monetary policy board, the Nikkei business daily said Wednesday 7 March.
Netherlands' Wellink defends position on ABN
Dutch central bank chief Nout Wellink, who expressed concerns about hedge fund TCI's push for a break-up of ABN AMRO, said in a letter published by the Wall Street Journal Europe Wednesday 7 March that his scrutiny was justified in order to ensure a…
Venezuela speeding reserve diversification
Venezuela will speed up plans to pare holdings of dollars in its international reserves to reduce the nation's dependence on the world's most widely held currency, central bank president Gaston Parra said on TV Wednesday 7 March.
Challenges new CBK governor must tackle
According to this editorial published Friday 2 March by The Nation, as he takes office the new governor of the Central Bank of Kenya will be well aware of the circumstances that led to the exit of his predecessor.
Tetangco on supervision in the Philippines
In the speech 'Meeting the challenges of a rapidly changing supervisory and regulatory landscape' given on 21 February Amando M Tetangco of the Central Bank of the Philippines said the regulatory reforms in central banking are inevitable across all…
Reddy on what the RBI means to the common person
In the speech 'What the Reserve Bank of India means to the common person' given on 18 February Y V Reddy of the Reserve Bank of India said to ensure that people get good quality banking services at a reasonable cost, the RBI has taken several measures.
Kozari on the Eurosystem Needs Assessment Program
In the speech 'Launch of the Eurosystem Needs Assessment Program' given on 16 February Kemal Kozari of the Central Bank of Bosnia and Herzegovina said this Program identifies the areas in which the Central Bank of Bosnia and Herzegovina should achieve…
Greenspan vs. Bernanke: Hold your bets
According to this article, published by BusinessWeek on Thursday 1 March, Alan Greenspan's recent outspokenness is unusual for a former head of the Federal Reserve.
Fed's Warsh on market liquidity
In the speech 'Market liquidity: Definitions and implications' given on 5 March Kevin Warsh of the Federal Reserve said despite last week's sharp drop on Wall Street, the US financial system is healthy and working the way it is designed to work.
Fed's Kroszner on community banks
In the speech 'Community banks: The continuing importance of relationship finance' given on 5 March Randall Kroszner of the Federal Reserve said U.S. community banks are generally healthy and profitable despite tougher competition from larger banks and…
BOJ deputy Muto seen as favourite for governor
Many economists think that deputy Bank of Japan governor Toshiro Muto is the leading candidate to be the next Japanese central bank governor, a Jiji Press survey showed Friday 2 March.
Japan MoF's Watanabe is watching FX markets
Japan's finance ministry is observing developments in foreign exchange markets very closely, but this is business as usual, Hiroshi Watanabe, vice minister of finance for international affairs, told MNI.
Goldman Sachs role for ex-RBA chief
Global investment bank Goldman Sachs said on Monday 5 March that former Reserve Bank of Australia governor Ian Macfarlane, will join its ranks as an international adviser.
Greenspan sees one-third chance of 07 recession
Former Federal Reserve chairman Alan Greenspan said in an interview with Bloomberg published on Tuesday 6 March that there's a "one-third probability" of a U.S. recession this year and that he is careful not to make life difficult for Ben Bernanke.
China reforms would cut volatility says Paulson
US treasury secretary Henry Paulson said Tuesday 6 March that the global economy is as strong as he's ever seen and that reforms in China would help reduce market volatility.
Bank of Canada holds interest rates steady
The Bank of Canada held its benchmark overnight lending rate steady at 4.25 per cent Tuesday 6 March saying the risks to its forecast remain balanced, despite the wild swings in global financial markets recently.
Wellink on risk management & financial stability
In the speech 'Risk management & financial stability - Basel II & beyond' given on 27 February Nout Wellink of the Netherlands Bank said there is a great deal of uncertainty around the nature of risks in the markets, the adequacy of risk premia and what…
Jelasi on creating a stable economic environment
In the speech 'The National Bank of Serbia - creating a stable economic environment' given on 16 February Radovan Jelasi of the National Bank of Serbia said last year was a key year for Serbia, as it was finally recognized that monetary policy represents…
National Bank of Cambodia - Annual Report 2005
According to the National Bank of Cambodia's Annual Report 2005, despite the remaining obstacles and difficulties both at home and abroad, Cambodia enjoyed remarkable social and economic achievements and experienced a relatively high economic growth rate.
Why Germany's economy will outshine Japan
According to this article by Stephen Roach, published on Wednesday 28 February by MoneyWeek, the German economy is very much on the mend after failing to fall into a Japanese-like quagmire.
Brazil's fin min says Bevilaqua's exit was routine
The resignation of Brazilian central bank economic policy director Afonso Bevilaqua represented a routine change that won't alter the direction of policy at the institution, Finance Minister Guido Mantega said on Friday 2 March.
RBNZ re-appoints Arthur Grimes to Board
Arthur Grimes has been re-appointed as a non-executive director on the Reserve Bank of New Zealand's Board for a second five-year term, finance minister Michael Cullen announced Monday 5 March.