Central Banking
Bulgarian governor nominates deputy
The governor of the Bulgarian National Bank (BNB) Ivan Iskrov on Thursday 15 March nominated Rumen Simeonov, 55, to take over as deputy governor in charge of bank supervision from Emilia Milanova.
Too much of a good thing for China
According to this article published by the Asia Times on Thursday 15 March, senior Chinese officials say it will take time to reduce China's trade surplus, which has been a source of friction with its trading partners.
Kato on IMF reform and exchange rate surveillance
In the speech 'IMF reform and exchange rate surveillance' given on 7 March Takatoshi Kato of the IMF said exchange rate assessments need to disentangle factors that are relevant for the medium term from those affecting short-term dynamics.
Sweden's Nyberg on credit derivatives
In the speech 'Credit derivatives - risks and opportunities' given on 13 March Lars Nyberg of the Sveriges Riksbank said the advantages of credit derivatives exceed the risks for the economy.
Minneapolis Fed's Stern on U.S. monetary policy
In a speech given on 9 March Gary Stern of the Federal Reserve Bank of Minneapolis said it is uncertain whether the effectiveness of U.S. monetary policy is diluted by growing global financial market integration.
BoC paper on world real interest rates
Over the past 15 years, long-term interest rates have declined to levels not seen since the 1970s. The Bank of Canada Working Paper "World real interest rates: A global savings and investment perspective" explores possible shifts in global savings and…
BIS Quarterly Review, March 2007
The Bank for International Settlements published its March 2007 Quarterly Review on Wednesday 14 March. The report said prices of risky assets rallied between end-November and late February as the outlook for economic growth appeared to improve, while…
BoE's Bean reappointed to MPC
Charlie Bean, the Bank of England's chief economist, has been reappointed to the rate-setting Monetary Policy Committee for a further three year term from 1 June, the central bank confirmed Wednesday 14 March.
Taiwan's Perng: rates may be approaching peak
Taiwan's series of interest rate increases may be approaching a peak because of subdued inflation and slowing export growth, said Perng Fai-nan, governor of the Central Bank of the Republic of China (Taiwan) in an interview published Wednesday 14 March.
RBI to act on price stability says Mohan
The Reserve Bank of India will take all possible monetary measures to maintain price stability, deputy governor Rakesh Mohan said on Wednesday 14 March.
Tanaka says next BOJ policy changes to take time
Japan's economy is running smoothly but it is not yet in an inflationary environment and further Bank of Japan monetary policy changes may take some time, Japan's senior vice finance minister said on Tuesday 14 March.
Brazil plans to attract China's foreign reserves
The Brazilian government plans to tell the Chinese authorities that it is interested in attracting a share of China's foreign reserves, Brazilian financial newspaper, Valor Economico reported Wednesday 14 March.
Slovakia on track for 2009 euro says IMF
Slovakia is very likely to meet euro entry criteria in time to adopt the single currency as planned in 2009, the International Monetary Fund said Tuesday 13 March.
Every mistake imaginable
According to the article "Every mistake imaginable" published on Tuesday 13 March by Haaretz, critical mistakes at important times meant that the Bank of Israel's salary negotiations went on much longer than was necessary.
Bank of Japan, Financial System Report, March 2007
The Bank of Japan published its Financial System Report for March 2007 on 13 March. Japan's financial system as a whole has remained stable, the report said.
Narube on the newly designed Fiji banknotes
In the speech 'Unveiling the newly designed Fiji banknotes' given on 9 March Savenaca Narube of the Reserve Bank of Fiji said that the bank decided to stay with paper rather than change to polymer or plastic.
Sweden's Srejber on integrating financial services
In the speech 'Integration of financial services has come a long way in Europe' given on 12 March Eva Srejber of the Sveriges Riksbank said greater integration of the markets for financial services is important for enhancing growth in Europe.
Fed's Kroszner on changing dynamics of inflation
In the speech 'The changing dynamics of inflation' given on 12 March Randall Kroszner of the Federal Reserve said the Federal Reserve cannot be complacent about inflation and would act if currently benign inflation expectations change.
Tumpel-Gugerell on European financial markets
In the speech 'The competitiveness of European financial markets. An economic framework for effective policy-making' given on 12 March Gertrude Tumpel-Gugerell of the ECB said greater integration of mortgage markets among European economies would allow…
Don't blame China for volatility says PBOC's Zhou
People's Bank of China governor Zhou Xiaochuan dismissed on Monday 12 March the idea that the country's massive foreign currency reserves were the cause of recent market volatility.
Serbian cb chief says inflation under control
Head of the National Bank of Serbia (NBS) Radovan Jelasic said on Sunday 11 March public spending would not cause a hike in prices.
Buba's Weber not saying ECB rates are appropriate
Bundesbank president Axel Weber said Tuesday 13 March he would not describe current euro zone interest rates as "appropriate".
OECD's Cotis says US recession unlikely
OECD chief economist Jean-Philippe Cotis said Tuesday 13 March he does not expect a recession in the US.
YV Reddy appointed chairman of the BIS in Asia
The Board of Directors of the Bank for International Settlements (BIS) announced Monday 12 March Yaga V Reddy as Chairman of the BIS Asian Consultative Council (ACC).