Central Banking
BoE's Besley says data 'drip-feed' prompted hike
Bank of England MPC member Timothy Besley said in an interview with the Financial Times published Thursday 1 February he was concerned inflation would not fall as quickly as the bank would like.
Central bank reserve management forum
The Brunei Ministry of Finance hosted the 5th Southeast Asian Central Banks Research and Training Centre (SEACEN) Executive Committee (EXCO) meeting this week at the Rizqun International Hotel.
Lewis named as Richmond Fed deputy chair
The Federal Reserve Board of Governors on Wednesday 31 January named a new deputy chairman of the Federal Reserve Bank of Richmond.
Canada's Dodge on the financial system
In a speech given on 1 February David Dodge of the Bank of Canada called the federal government's decision to halt a significant tax loophole offered to income trusts the best way to level the corporate playing field.
NBP says Poland to join euro when best for country
President of the National Bank of Poland (NBP) Slawomir Skrzypek said on Wednesday 31 January that Poland would join the eurozone if the move proves profitable.
Remarks by the ECB on the oversight of SWIFT
The European Central Bank (ECB) said in a press release Thursday 1 January it would like to note that central banks are responsible for fostering financial stability and promoting the smooth operation of payment and settlement systems.
Report recommends limited IMF gold sales
The report by the Committee of Eminent Persons released has recommended that the Fund sell 400 tonnes of its 3,217 tonnes of gold to finance an endowment fund.
IMF paper on building supervisory structures
The IMF Working Paper "Building supervisory structures in Sub-Saharan Africa - An analytical framework" says that current trends in financial sector development in sub-Saharan Africa are prompting policymakers to focus on the design of appropriate…
Does inflation targeting matter for EMEs?
This Working Paper presents an empirical assessment of the performance of EMEs that have adopted inflation targets to conduct monetary policy.
Reforming China's exchange rate policy
This Working Paper from the University of Venice is aimed at analysing the decision of the Chinese central bank to reform the exchange rate of the national currency and to gauge the effects of this change in regime on the Chinese economy and the world…
Report says China to set up FX investment unit
The Chinese government is expected to introduce a number of foreign exchange reform measures this year including setting up a state forex investment company, the China Securities Journal reported Thursday 1 February, citing an unnamed state official.
Bank of Russia appoints new deputy chairman
The Bank of Russia said Thursday 1 February that it had appointed a new deputy chairman to replace Andrei Kozlov, who was shot dead in a crime widely linked to his work at the central bank.
Deutsche Bundesbank Monthly Report, December 2006
The Deutsche Bundesbank published the English version of its December 2006 Monthly Report on Tuesday 30 January. The report said Germany's cyclical upturn continued at a brisk pace in the third quarter.
RBI's Gopinath on overseas investments
In the speech 'Overseas investments by Indian companies - Evolution of policy and trends' given on 19 January Shyamala Gopinath of the RBI said there is great dynamism amongst Indian corporates to globalize and in the years to come we are going to have…
Davos/G20 report on monetary system
"An important transformation of the international monetary system appears to have begun in which the Group of 20, by virtue of its relatively informal and representative nature, may well prove to be the crucible in which its primary features are forged,"…
Stark says ECB policy still accommodative
European Central Bank chief economist Juergen Stark told Boersen-Zeitung in an interview to be published Thursday 1 February that eurozone monetary policy remains accommodative despite the 25 basis point December rate increase.
Malaysia confirms dollar reserves shift
Malaysia has moved some of its $82 billion of currency reserves away from the dollar, Prime Minister Abdullah Ahmad Badawi told reporters Tuesday 30 January in Davos.
Chavez set to receive decree powers Wednesday
Venezuela's Congress has delayed by a day its vote to give president Hugo Chavez decree powers enabling him to nationalise oil and utility assets and strip the central bank of its autonomy.
Slovene president defends Gaspari nomination
Slovenia's president Janez Drnovsek has defended his decision to nominate Mitja Gaspari for a second term as central bank governor. "His contribution to the development of the Slovenian financial system is great," Drnovsek told POP TV on Sunday 28…
Hungary's PM to discuss central bank nomination
Hungarian Prime Minister Ferenc Gyurcsany has invited leaders from the country's parliamentary parties for a meeting next week to discuss the nomination for central bank governor, the bbj.hu website reported Tuesday 30 January.
Canada's Dodge to talk over second term in June
Bank of Canada governor David Dodge has said governing Canada's central bank is "still fun," and that he will speak with the board in June about whether or not to seek a second term as governor.
Ex-RBA chief joins Woolworths board
Woolworths has appointed former Reserve Bank of Australia governor Ian Macfarlane to its board, the company said in a statement on Tuesday 30 January.
Interview with SWIFT's Campos
In this recent interview with The Asian Banker, Lazaro Campos, head of the banking industry division at SWIFT says that SWIFT will become part of the domestic securities world before it picks up in payments.
Fischer on challenges facing the Israeli economy
In the speech 'Overview and challenges facing the Israeli economy' given on 23 January Stanley Fischer of the Bank of Israel said looking forward, we estimate that the economy will grow this year by 4.6 percent and that inflation will reach the target…