Central Banking
NBP candidate favours privatisation
In an interview for Forbes, candidate for the presidency of the National Bank of Poland (NBP) Urszula Grzelonska discussed a number of issues crucial to the Polish economy.
Czechs drop plan to adopt euro in 2010
The Czech government has dropped plans to adopt the euro in 2010, noting an outlook for widening budget deficits and rising inflation.
Plundering China's reserves
According to this article published Friday 27 October by The Wall Street Journal, with China's foreign-exchange reserves now close to the trillion dollar mark, calls to spend the money are coming fast and furious.
ECB's Bini Smaghi on monetary tightening
In the speech 'Three questions on monetary tightening' given on 26 October Lorenzo Bini Smaghi of the ECB said central banks face a difficult task in deciding when to stop tightening monetary policy.
Trichet on the ECB's Annual Report 2005
In a presentation of the ECB's Annual Report 2005 to the European Parliament on 26 October Jean-Claude Trichet of the ECB said reiterated that further tightening of ECB monetary policy will be warranted if the eurozone recovery continues in line with its…
ECB report on EU banking structures
The European Central Bank (ECB) published its annual report on EU banking structures on Thursday 26 October. The report, which has been published each year since 2002, reviews the main structural developments in the EU banking sector in 2005 and until…
ECB report on supervisory structures
The European Central Bank's "Recent developments in supervisory structures in EU and acceding countries" report finds that at EU level, the period 2003-06 was characterised by an intensified effort to strengthen cooperation among supervisory authorities.
Canada's Dodge on the global economic landscape
In the speech 'The global economic landscape and the implications for Ontario' given on 25 October David Dodge of the Bank of Canada said global economic growth is expected to be a little higher than previously anticipated, but a weaker near-term outlook…
Afghanistan's Delawari notes success on inflation
In an interview with Afghan state-run newspaper Anis, published Thursday 26 October, the acting president of Afghanistan's central bank said the central bank has been successful in keeping the value of afghani stable against foreign currencies and in…
PBOC's Tang sees strong pressure on yuan
'In the process of foreign exchange regime reform, the local currency still faces strong appreciation pressure,' said Tang Xu, director of the research department within the People's Bank of China, in an English-language paper prepared for a conference.
Poland rejects criticism of new regulator
Criticism from the European Union that Poland's new financial regulator might fall victim to political meddling has been rejected, a Finance Ministry spokeswoman said on Wednesday 25 October.
RBNZ holds rates unchanged, Sweden hikes
The Reserve Bank of New Zealand left its official cash rate unchanged at 7.25 pct on Thursday 26 October reflecting slowing economic growth. Swedish interest rates were raised in a widely expected move.
Kenya launches automated trading systems of NSE
President Mwai Kibaki of Kenya has said the automation of the trading system will create more confidence in the country's capital markets and enable the government and the private sector to access long-term financial resources.
Fed's Lacker - rebel without a pause
This article published Wednesday 25 October notes that Richmond Fed president Jeffrey Lacker has become the first Federal Reserve policy-maker in eight years to dissent from his colleagues for three consecutive meetings.
IMF's Ahmed on modernizing the IMF for the 21st C
In the speech 'Modernizing the IMF for the 21st Century' given on 18 October Masood Ahmed of the IMF said the past decade or so has been a particularly challenging one for the Fund and for the 184 countries which are its members.
CBB brings central banking authority role to fore
According to this article from Arab News, published Sunday 22 October, the establishment of the new Central Bank of Bahrain highlights the issue of the role of a central banking authority in an economy and financial market.
HKMA's Yam on one country, two financial systems
In the speech 'One country, two financial systems' given on 20 October Joseph Yam of the HKMA said as the fundamental role of the financial system is financial intermediation the comparison should usefully be made in respect of the three channels of…
Mexico's Ortiz on emerging economies
In the speech 'The participation of international banks in emerging economies' given on 5 October Guillermo Ortiz of the Bank of Mexico said there seems to be ample agreement about the benefits of globalization as well as the challenges that this new…
Malaysia's Aziz on Islamic financial markets
In the speech 'New opportunities for growth and development in Islamic financial markets' given on 16 October Zeti Akhtar Aziz of the Central Bank of Malaysia said sound corporate governance and effective management of banking institutions are vital to…
IMF paper on a Pacific Island common currency
The IMF Working Paper "Pacific Island countries - Possible common currency arrangement" paper examines the potential advantages and disadvantages of adopting a common currency arrangement among the six IMF member Pacific island countries that have their…
BoE's Bean on globalisation and inflation
In the speech 'Globalisation and inflation' given on 24 October Charles Bean of the Bank of England said downplayed the impact on inflation from lower oil prices and warned that policy-makers have to be extra careful not to allow above-target inflation…
France's Breton hopes for ECB rate pause
French finance minister Thierry Breton said in an interview published Wednesday 25 October he hopes for a halt to interest rate hikes by the European Central Bank next year.
Ex-PBoC advisor calls for more yuan flexibility
Yu Yongding, a former People's Bank of China adviser said in a speech to investors at a Credit Suisse investment conference on Wednesday 25 October China should introduce more flexibility in the yuan exchange rate to help reduce imbalances in the economy.
Buba's Weber warns inflation fall is temporary
Bundesbank President Axel Weber said the current decline in inflation rate is temporary and does not necessarily signal a long-term easing of inflationary risks, according to an interview with Tagesspiegel newspaper published Wednesday 25 October.