Central Banking
BOK running out of reserves
According to this article published by The Korea Times on Monday 26 February, the Bank of Korea is finding it increasingly difficult to boost its reserves as its losses grow.
SF Fed's Yellen on the US economy in 2007
In the speech 'The US economy in 2007' given on 23 February Janet Yellen of the Federal Reserve Bank of San Francisco said she still sees upside risks to inflation but that U.S. interest rates were now "well positioned" to bring inflation down.
Bangladesh Bank - Annual Report 2005-2006
According to the Bangladesh Bank's Annual Report 2005-2006, the Bangladesh economy achieved a higher growth rate in FY06 underpinned mainly by a strong post-flood recovery in agriculture and notable expansion in manufacturing activities.
Argentina's Redrado on financial stability
In the speech 'Financial stability and the importance of AML/CFT supervision and regulation' given on 13 February Martin Redrado of the Central Bank of Argentina said there is no unique solution or pre-established methodology for governments or…
ECB chief says wage restraint remains 'important'
European Central Bank president Jean-Claude Trichet said in an interview published Monday 26 February wage restraint in Europe remains important.
Trichet calls for yuan, Asian FX rate appreciation
ECB president Jean-Claude Trichet said Friday 23 February that there should be an appreciation in China's yuan exchange rate and other Asian currencies that aren't free-floating.
Fed's Bies on Basel II implementation in the US
In the speech 'An update on Basel II implementation in the United States' given on 26 February Susan Schmidt Bies of the Federal Reserve said that some parts of the proposed overhaul of U.S. banking rules known as Basel II could be delayed by a year.
BoJ says forward-looking policy, data can coexist
Minutes from the Bank of Japan's policy board meeting of Jan 17-18 released Monday 26 February showed members agreed that the central bank does not change interest rates based on a schedule set in advance and that it can maintain its forward-looking…
Riksbank's views on evaluation of monetary policy
Both the Executive Board and the General Council are presenting their views on the report "An Evaluation of Swedish Monetary Policy between 1995 and 2005". In a press release on Monday 26 February the Riksbank said the Executive Board agrees with several…
Dallas Fed's Fisher 'hopes' inflation may slow
Federal Reserve Bank of Dallas president Richard Fisher said Friday 23 February he remains vigilant on inflation and ``there is hope'' that price indexes may be heading lower.
An end of King's Bank reign may open way for Lomax
According to this article published Monday 26 February by Reuters, Rachel Lomax could succeed Mervyn King as the first woman to head the Bank of England, if King looks to move to the IMF next year.
New China investment chief to be named
China is set to name a new head of the investment arm of the central bank, as it prepares to open a new agency to help manage the country's foreign currency reserves of more than $1 trillion, Reuters reported from Shanghai on Monday 26 February.
Rising risks spur reserve diversification
Central banks are engaging in more active diversification strategies in response to rising risks, a survey of reserve managers published Monday 26 February showed.
Central Bank of Bahrain - Annual Report 2005
According to the Central Bank of Bahrain's Annual Report 2005, the performance of the Bahrain economy has been exceptionally strong throughout 2005.
Bank of Japan Monthly Report, February 2007
The Bank of Japan published the English version of its February 2007 monthly report on Friday 23 February. In the report the BOJ left its assessment of the economy unchanged.
Sources of inflation in Sub-Saharan Africa
This IMF Working Paper explores the sources of inflation in Sub-Saharan Africa by examining the relationship between inflation, the output gap, and the real money gap.
Riksbank's Ingves on monetary policy
In the speech 'Introduction on monetary policy' given on 22 February Stefan Ingves of the Sveriges Riksbank said emphasised that the Riksbank's decision to publish our own forecast for the interest rate should be regarded as a further step towards…
Canada's Kennedy on adjusting to economic change
In the speech 'Adjusting to economic change' given on 22 February Sheryl Kennedy of the Bank of Canada said the central bank's 4.25 percent overnight interest rate is consistent with achieving its 2 percent inflation target.
Japan's Ota warns BoJ about tightening
Japanese economic and fiscal policy minister Hiroko Ota on Friday 23 February warned the Bank of Japan against further credit tightening.
BoE's Sentance concerned about inflation
Bank of England Monetary Policy Committee Andrew Sentance said Friday 23 February in an interview with The Times he was concerned that a pick-up in demand could boost inflation.
IMF's Lipsky upbeat on eurozone outlook
In an interview with Reuters published Thursday 22 February, IMF first deputy managing director, John Lipsky, said the world economy will slow slightly this year from 2006.
BoJ's Fukui expects gradual rate hikes
Bank of Japan governor Toshihiko Fukui told lawmakers Friday 23 February that he is "open" to options of further rate hikes.
Iceland's Fridriksson on monetary policy
In the speech 'Monetary policy and its implementation' given on 20 February Ingimundur Fridriksson of the Central Bank of Iceland said the central bank has already stated its view that adopting the euro would be imprudent except by joining the EU.
Zeti says Islamic institutions must reach out
Bank Negara Malaysia chief Tan Sri Dr Zeti Akhtar Aziz said in a speech Friday 23 February that Islamic financial institutions must attempt to reach all levels of community to broaden its horizon.