Central Banking
Bahrain and Egypt sign MoU
The central banks of Bahrain and Egypt signed a Memorandum of Understanding (MoU) on Monday 14 May, according to Gulf Daily News.
NRB chief stopped from boarding plane
Nepal Rastra Bank (NRB) governor Bijaya Nath Bhattarai, who is accused of misusing funds to suppress the pro-democracy movement last year, was barred from boarding a flight to Bangladesh on Monday 14 May, DailyIndia reported.
U.S. backs Wolfowitz at World Bank
The United States supported World Bank president Paul Wolfowitz to keep his job on Tuesday 15 May, saying that although he had made mistakes he should not be fired.
Bush to nominate Fed board members - reports
US president George W Bush will nominate Larry Klane and Elizabeth Duke to serve as Federal Reserve Board governors, according to Bloomberg which quoted two people familiar with the situation.
Sri Lanka's new governor takes on inflation
Nick Carver spoke with the Ajith Nivard Cabral, governor of the Central Bank of Sri Lanka
New York Fed's Foreign Exchange Operations Report
According to the Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations quarterly report for January-March 2007, published 3 May, the U.S. monetary authorities did not intervene in the foreign exchange markets during…
HKMA Quarterly Bulletin, March 2007
The Hong Kong Monetary Authority has published the March 2007 issue of its Quarterly Bulletin. The Bulletin includes the article "Assessment of the euro payment system in Hong Kong". The article assesses Euro CHATS, one of the major clearing and…
Norway's Gjedrem on the conduct of monetary policy
In the speech 'The conduct of monetary policy' given on 10 May Svein Gjedrem of Norges Bank said the fall in prices for imported goods and services and the increase in export prices have provided the Norwegian economy with an appreciable income boost.
It's all down to Bollard to beat NZ's bubble now
According to this article published by The National Business Review on Friday 11 May, politicians have failed to do anything to rein in New Zealand's property boom, leaving it all up to Reserve Bank governor Alan Bollard.
ECB's TARGET Annual Report 2006
According to the European Central Bank's TARGET Annual Report 2006, TARGET continued to be the backbone of the euro money market in 2006.
France's Noyer on monetary union in Europe
In the speech 'From Maastricht to the present and beyond' given on 16 April Christian Noyer of the Bank of France said monetary union in Europe is well grounded, both on its technical and political pillars.
RBA appoints head of domestic markets
The Reserve Bank of Australia announced Monday 14 May that John Broadbent would be appointed as Head of Domestic Markets Department.
BI and govt working together on economy
Indonesia's finance minister Sri Mulyani says the government will work with Bank Indonesia to boost the lethargic economy amid criticism that the government is not doing enough to speed up economic growth.
Azerbaijan's inflation "likely to slow"
Elman Rustamov, the National Bank of Azerbaijan's board chair, told a press conference Friday 11 May that inflation is likely to slow from its current 16% annual rate.
BCV director says reserves will rebound
Jose Felix Rivas Alvarado, director of the Central Bank of Venezuela (BCV), told the official news agency Friday 11 May that although Venezuela's international reserves fell during the last few months, the fall is attributable to specific factors.
Malta and Cyprus looking for euro thumbs up
According to this article published by the Times of Malta on Sunday 13 May, Malta and Cyprus will this week get the go ahead to join the euro next year.
Reforms help, says Trichet on eurozone growth
European Central Bank president Jean-Claude Trichet said in an interview with Nikkei Business Magazine published Monday 14 May that the eurozone is benefiting mainly from the cyclical strength of the world economy, but structural reforms also help growth…
Fukui on the outlook for Japan's economy
In the speech 'The outlook for Japan's economy and the conduct of monetary policy' given on 10 May Toshihiko Fukui of the Bank of Japan said the Bank will continue to explain carefully to the public its assessment of economic activity and prices and its…
Fed's Kroszner on the future of payments
In the speech 'The future of payments: Challenges and opportunities' given on 10 May Randall Kroszner of the Federal Reserve said the rapid switch by consumers and businesses to electronic banking poses a new tradeoff between security and convenience.
Richmond Fed's Economic Quarterly, Winter 2007
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Winter 2007. The latest issue includes the article "Implications of some alternatives to Capital Income Taxation" which considers the long-run implications of a switch from…
Sweden's Rosenberg: Monetary policy communication
In the speech 'Changes in monetary policy communication' given on 11 May Irma Rosenberg of the Sveriges Riksbank described some changes in the communication of monetary policy, which were decided at the Executive Board meeting held on 10 May.
Canada's Dodge on a sound pension system
In the speech 'A sound pension system - Handling risk appropriately' given on 10 May David Dodge of the Bank of Canada said widespread reforms are needed to deal with Canada's private pension fund crisis, including the elimination of tax penalties and…
Code words not for King, but BoE can improve
According to this article published Thursday 10 May by Reuters, the gloss is starting to come off the Bank of England's reputation for managing interest rate expectations and keeping inflation under control.
Riksbank appoints new head of Market Operations
The Executive Board of Sweden's Riksbank decided at its meeting Thursday 10 May to appoint Sophie Degenne as the new head of the Market Operations Department.