Central Banking
Wolfowitz still flying high, but now out of fuel
According to this article published Tuesday 8 May by the LA Times, the latest goings on at the World Bank are all designed with one thing in mind, as Paul Wolfowitz stays put as president.
BoC paper on new accounting standards
The Bank of Canada Discussion Paper "Implications of new accounting standards for the Bank of Canada's balance sheet" looks at the new accounting standards implemented by the CICA for the valuation and reporting of financial instruments.
Central Bank of the Philippines - Annual Report 06
According to the Central Bank of the Philippines Annual Report 2006, the year 2006 saw a vibrant Philippine economy.
RBA Statement on Monetary Policy, May 2007
The Reserve Bank of Australia published its May 2007 Statement on Monetary Policy on 4 May. In the report the RBA said risks to inflation are broadly balanced with underlying inflation expected to fall back to around 2.5% in the next few quarters.
ECB's Tumpel-Gugerell on modernising payments
In the speech 'Modernising payments: 'no pain - no gain'' given on 4 May Gertrude Tumpel-Gugerell of the ECB said Europe has already made significant progress on modernising the payment industry, with the SEPA project constituting a key driver for change.
National Bank of Rwanda - Annual Report 2005
The National Bank of Rwanda's Annual Report 2005 has been published.
ECB's Quaden: all info needed on inflation risk
European Central Bank board member, and governor of the Belgian National Bank, Guy Quaden told reporters Thursday 3 May that the ECB would consider all available data that could affect inflation risk when the central bank meets in Dublin next week.
Riksbank leaves rates unchanged at 3.25%
Sweden's Riksbank said Friday 4 May it would leave its key interest rate unchanged at 3.25% but said the rate should be raised gradually in the future and by more than the 0.25% it forecast in February.
China, Japan, Korea to pool some reserves - report
Bloomberg reported on Friday 4 May that China, Japan and South Korea have agreed to combine some of their foreign-exchange reserves in order to prevent any repeat of the crisis that hit Asia a decade ago.
Europe's central banks offloading gold
According to this article published Thursday 3 May by FMarena, with European central banks selling gold heavily recently, they might actually sell up to their quota.
Bank of England has much to discuss next week
With the Bank of England looking certain to raise UK interest rates next week, this article from Reuters, published Friday 4 May, looks at the main factors the MPC will be discussing.
NY Fed's Geithner says flexible rates better
Federal Reserve Bank of New York president Timothy Geithner said on Friday 4 May in a speech that flexible exchange rates allow emerging countries to handle global economic swings better.
Oman to introduce risk-based supervision
The Central Bank of Oman will introduce risk-based supervision by the end of the year, Hamood Sangour Al Zadjali, executive president, CBO, said in Muscat in an address to bankers.
Stock exchange chief urges BoT to cut rates
According to the head of Thailand's stock exchange, the central bank should cut interest rates faster to spur sluggish domestic spending and the flagging economy.
Could Japan see a return to deflation?
After Japan's battle to emerge from deflation, this article from Bloomberg, published Monday 30 April, wonders if the country may be about to return to it.
Uganda's central bank redesigns website
The central bank of Uganda has launched a redesigned user-friendly website with updated information on key financial indicators at a cost of $49,000.
Christodoulou leaves Cyprus in better shape
According to this article from the Financial Mirror, published Wednesday 2 May, Christodoulos Christodoulou, the outgoing governor of the Central Bank of Cyprus, will be remembered for more than getting banks into shape, he also shored up confidence in…
IMF's Rato on Latin American economies
In a speech given on 2 May Rodrigo de Rato of the IMF said the economies of the Americas are increasingly linked, by financial flows, by trade, and by common interests.
BoE's King on the MPC ten years on
In the speech 'The MPC ten years on' given on 2 May Mervyn King of the Bank of England said since its inception the MPC has kept inflation expectations well anchored and is determined to keep doing so.
ECB's Papademos on economic performance
In the speech 'Economic performance, institutions, and human values' given on 2 May Lucas Papademos of the ECB said the European economy is currently experiencing robust economic growth which is expected to continue, benefiting from the ongoing strength…
Dodge on the Canadian economy
In a speech given on 2 May David Dodge of the Bank of Canada said domestic demand is likely to continue to be the main driver of growth in Canada.
Philadelphia Fed Annual Report 2006
The Federal Reserve Bank of Philadelphia's Annual Report 2006 tells the story behind the Bank's role in the largest consolidation of the Federal Reserve's check processing operations to date.
NY Fed issues hedge fund warning
In what Reuters describes as its "sternest warning to date" on the state of the hedge-fund business, the Federal Reserve Bank of New York said Wednesday 2 May that the funds could represent the biggest risk for a financial crisis since 1998.
ECB says planning new card payment oversight
The European Central Bank said on Thursday 3 May it is proposing a new cross-border framework to oversee all payment card systems using the euro.