Central Banking
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…
Fundanga on developments in the Zambian economy
In the speech 'Recent significant developments in the Zambian economy' given on 24 January Caleb Fundanga of the Bank of Zambia said the economy has seen positive and significant real GDP growth rates over the last 7 years.
Central Bank of Ireland, Quarterly Bulletin 1/2007
The Central Bank and Financial Services Authority of Ireland has published its First Quarterly Bulletin for 2007. According to the Bulletin, against a broadly favourable international background, the outlook for the Irish economy remains generally good.
What explains the US net income balance?
According to this BIS Working Paper, despite a significant deterioration in the US net foreign asset position, there has not been a corresponding deterioration in the net income balance.
Chou promoted at Taiwan central bank
According to the Taipei Times, the central bank of China in Taiwan announced Monday 29 January that George Chou, who serves as director-general of the foreign exchange department, will be promoted to the position of deputy governor.
Germany's Steinbrueck defends 'sacrosanct' ECB
German Finance Minister Peer Steinbrueck insisted Tuesday 30 January that European Central Bank independence was "sacrosanct" amid calls from some politicians for a more accountable ECB.
PBOC 'closely monitoring' property prices - report
China's central bank is "closely monitoring" domestic property prices, state media quoted the People's Bank of China governor as saying Tuesday 30 January.
Ex-Fed's Rivlin says Bernanke gets an 'A'
"In general, I think he's doing a very good job...I think he gets an A on several different grounds," former Federal Reserve vice chairwoman Alice Rivlin told Kyodo News in an interview published Monday 29 January, ahead of the anniversary of Bernanke's…
Greenspan promotes stronger Chinese yuan
China may improve the stability of its economy by allowing the yuan to rise faster, Alan Greenspan, former chairman of the U.S. Federal Reserve, said Monday 29 January via video link at a conference in Shanghai organized by UBS AG.
HKMA says close monitoring needed on hedge funds
Hedge funds' activity needs to be monitored closely because their 'risk-taking . . . is often excessive,' the Hong Kong Monetary Authority (HKMA) said in a paper.
Fed has yet to set target on inflation
According to this article from The New York Times, published Tuesday 30 January, as Ben Bernanke celebrates his first anniversary as Fed chairman, the US central bank is still far away from acting on his major proposal.
ECB's Gonzalez-Paramo on liquidity management
In the speech 'The challenges to liquidity management in the euro area: the perspective of the ECB' given on 25 January Jose Manuel Gonzalez-Paramo of the ECB said we are still investigating the underlying causes for the upward pressure on short-term…
Norway's Bergo on interest rate projections
In the speech 'Interest rate projections in theory and practice' given on 26 January Jarle Bergo of the Norges Bank said the benefit of commitment hinges on the credibility of the central bank's actions and communication.
Tetangco on the BSP and the banking community
In the speech 'The BSP and the banking community - a partnership for a better year in 2007' given on 16 January Amando Tetangco of the Central Bank of the Philippines said inflation is seen to continue to slow down in 2007, with the government target of…