Central Banking
Italy's Draghi: Governor Baffi's financial policy
In the speech 'Reflections on monetary and financial policy - Governor Baffi's monetary policy' given on 15 March Mario Draghi of the Bank of Italy said Paolo Baffi was governor of the Bank of Italy during five of the most difficult years Italy has known.
ECB's Constancio says rates still low
European Central Bank governing council member Vitor Constancio said Wednesday 4 April that eurozone interest rates are still at historically low levels despite seven ECB rate hikes since December 2005.
NBP to publish minutes of meetings
Poland's central bank said Tuesday 3 April it will start to publish minutes from policy meetings of its interest rate-setting panel on 24 May, in a move analysts hope will offer more clarity on future monetary policy.
BNM's Zeti says inflation downtrend to continue
Malaysia's inflation will continue on the downtrend, with an average of 2 to 2.5 percent, Bank Negara Malaysia's governor Tan Sri Zeti Akhtar Aziz said Wednesday 4 April.
BOJ's Hirano says euro strength not to be G7 topic
Finance ministers and central bankers from the world's richest countries are unlikely to focus on the euro's strength against the dollar and yen next week, former Bank of Japan executive director Eiji Hirano said Tuesday 4 April.
Garganas says ECB must be ready to act decisively
Favorable inflation trends appear to be waning in the euro one economy which is enjoying another year of strong growth, and the European Central Bank must act decisively if price risks threaten, Governing Council member Nicholas Garganas said in an…
Why Czechs must put Euro on the back-burner
In an interview with the Financial Times, published Tuesday 3 April, the Czech central bank governor warned public finances need to be brought under control if the country wants to join the euro.
SBP's Akhtar says inflation lower
The governor of the State Bank of Pakistan, Dr. Shamshad Akhtar Wednesday 4 April said the monetary tightening policy has yielded positive results, while maintaining that the core inflation has come down significantly.
IMF's Lipsky: reducing risk from global imbalances
In the speech 'Reducing the risk from global imbalances' given on 30 March John Lipsky of the IMF said consumption in China will strengthen as the financial system continues to develop and precautionary savings are reduced.
Buba's Meister on European financial supervision
In the speech 'European Financial Supervision: next steps' given on 29 March Edgar Meister of the Deutsche Bundesbank said each crisis is different and therefore calls for flexibility in action.
Bank of Canada - Annual Report 2006
According to the Bank of Canada's Annual Report 2006, over the past year, global economic forces continued to necessitate considerable adjustment across regions and sectors of the Canadian economy.
Canada's Dodge on sound economic policies
In the speech 'Promoting sound economic policies globally and locally' given on 29 March David Dodge of the Bank of Canada said the Americas need an organisation modeled after the Organization of Economic Cooperation and Development, where countries can…
St. Louis Fed's Poole on understanding inflation
In the speech 'Understanding inflation' given on 2 April William Poole of the Federal Reserve Bank of St. Louis said the reputation and credibility of policymakers on the Federal Reserve Board's interest rate setting FOMC are essential to keeping…
The secret language of central bankers
According to this article by J. Bradford DeLong, published Tuesday 3 April by the Taipei Times, there seems to be general agreement today that the argument for talking in "Greenspanese" is essential for enabling central banks to ensure price stability no…
Central Bank of Sri Lanka redesigns website
The Central Bank of Sri Lanka announced Friday 30 March the launch of its redesigned website. The primary objective of re-designing the website was to present comprehensive information relating to all key functions of the CBSL, with the re-designed site…
RBI prefers indirect policy instruments
The Reserve Bank of India's governor, Yaga Venugopal Reddy, said on Monday 2 April in a speech that the RBI has a policy preference for indirect instruments to give effect to its monetary policy.
Bangladesh DG expects inflation to stay low
Bangladesh Bank's deputy governor said Monday 2 April in an interview he expected that inflation would remain within its projection 6.95 percent despite substantial price hike of fuel oil.
Asean looking at ways to use growing FX reserves
South-East Asian nations plan to jointly set up a fund to finance infrastructure by exploiting heavy capital inflows, a senior Thai finance ministry official told reporters Monday 2 April.
SAMA chief says Gulf states to keep pegs
In the run-up to monetary union in 2010 Gulf Arab states are committed to dollar-pegged exchange rates and will need "exceptional efforts" to meet the deadline, the Saudi central bank chief told reporters on Tuesday 3 April.
Reserve Bank of New Zealand Bulletin, Mar 2007
The Reserve Bank of New Zealand published the March 2007 issue of its Bulletin on 30 March. In the Bulletin the Reserve Bank presents a framework for considering how fiscal policy affects the wider economy, an important issue for monetary policy.
Richmond's Lacker on inflation and unemployment
In the speech 'Inflation and unemployment' given on 29 March Jeffrey Lacker of the Federal Reserve Bank of Richmond focused on inflation expectations and emphasised central banks must not take anything for granted.
St Louis Fed's Regional Economist, April 2007
The St Louis Fed's Regional Economist for April 2007 includes the article 'Growth in Asia spurs oil price increases'. The rapid growth in China and India has led to an increase in demand for oil, which, in turn, has driven up prices. After adjusting for…
Understanding asset prices: an overview
This BIS paper reviews analytical work carried out by central banks that participated at the Autumn Meeting of Central Bank Economists on "Understanding asset prices: determinants and policy implications", which the BIS hosted on 30-31 October 2006.
Fed's Bernanke on the Community Reinvestment Act
In the speech 'The Community Reinvestment Act: Its evolution and new challenges' given on 30 March Ben Bernanke of the Federal Reserve said a U.S. law that requires banks to serve the less affluent has widened access to credit and helped increase home…