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Central Banking

Fundanga on Bank of Zambia retirees

In the speech 'Bank of Zambia retirees' given on 12 December Caleb M Fundanga of the Bank of Zambia said retirement should not be viewed as an end but rather as a beginning of a new life.

Fed's Kohn on the economic outlook

In the speech 'The economic outlook' given on 8 January Donald Kohn of the Federal Reserve said the US economy is expected to continue to grow at a moderate pace and prices should rise at a slower rate in the coming year.

Oman to keep 80% dollar reserves

Oman favours keeping most of its $5 billion of central bank reserves in dollars rather than euros because the US currency pays higher interest, the central bank governor was quoted by Reuters as saying.

Zavala says BCV autonomy vital

Central Bank of Venezuela (BCV) director Domingo Maza Zavala said in an interview he is certain that the institution needs to be autonomous in order to operate properly.

China can do better than swap dollars for oil

This article published by Bloomberg on Tuesday 9 January asks why China couldn't earn more by shifting some of its reserves to high-yield investments instead of keeping all its money invested in hard- currency debt issued by foreign governments.

Bernanke on central banking & bank supervision

In the speech 'Central banking and bank supervision in the United States' given on 5 January Ben Bernanke of the Federal Reserve said that the Fed's job of regulating the nation's banks gives the central bank more expertise in dealing with financial…

Boston Fed's Minehan on the economic outlook

In a speech given on 5 January Cathy Minehan of the Federal Reserve Bank of Boston said the U.S. economy will likely pick up again this year while price pressures ebb, but inflation remains a challenge for policymakers.

BNM's Zeti at the INCEIF Strategic Partnership

In welcoming remarks at the INCEIF Strategic Partnership 2006 given on 14 December Dr. Zeti Akhtar Aziz of the Bank Negara Malaysia said one of the strategic steps that INCEIF has initiated is the forging into strategic alliances with the five takaful…

Adrian Orr to leave RBNZ

Reserve Bank of New Zealand deputy governor and head of financial stability Adrian Orr is leaving the Bank to take up the role of Chief Executive of the Guardians of the New Zealand Superannuation Fund, the RBNZ said Monday 8 January.

Canadian dollar fall 'unsurprising': Dodge

Bank of Canada governor David Dodge said the decline in the Canadian dollar reflects ``fundamentals,'' and isn't ``surprising'' in light of slowing economic growth and a decline in crude oil prices.

Argentina's Redrado says reserve building vital

Argentine central bank president Martin Redrado said Monday 8 January Latin American countries should take advantage of the current moment of good economic growth to build up foreign reserves to prepare for unforeseen problems.

IMF's Rato says euro, Fed rates may have to rise

The European Central Bank and the U.S. Federal Reserve may have to raise interest rates once more to keep inflation in check, International Monetary Fund Managing Director Rodrigo Rato was quoted on Monday 8 January as saying.

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