Central Banking
China considering economic super agency
China's state media reported Tuesday 9 January the country will mull a new financial super inter-agency to manage its five trillion dollars held in the nation's various state-run financial institutions.
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.
BOK targeting 2.5-3.5 percent inflation
The Bank of Korea aims to keep annual inflation between 2.5 percent and 3.5 percent for three years beginning this year, it said Monday 8 January.
Polish committee recommends Skrzypek to NBP
The Public Finances Committee of the Polish Parliament recommended Monday 8 January Slawomir Skrzypek to become the new head of the country's central bank.
Wall Street Systems announce new derivatives deal
Wall Street Systems, a provider of global treasury, trading and settlement services, has announced a new partnership with NumeriX, provider of cross-asset derivatives pricing and valuation software.
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.
Bank of Sudan - Annual Report 2005
According to the Bank of Sudan's Annual Report 2005, in the Sudan, the economy recorded a decline in the growth rate.
Central Bank of Russia - Annual Report 2005
According to the Central Bank of Russia's Annual Report 2005, the macroeconomic situation in 2005 was characterised by rapid economic growth, which exceeded the official forecast for the year.
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…
PBOC raises bank reserve requirement
The People's Bank of China said Friday 5 January it had raised the reserve requirement for commercial banks in a bid to stem a rising tide of liquidity in the banking system.
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.
Trichet expects similar global growth this year
Global economic growth this year may well be close to that of 2006, European Central Bank President Jean-Claude Trichet said Monday 8 January in Switzerland.
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.
Inflation targeting fails in first yr in Turkey
According to this article published by the Turkish Daily News on Saturday 6 January, Turkey's long-awaited "inflation targeting" has failed in its first year, and there is a big chance it will be unsuccessful in 2007.
State Bank of Pakistan - Annual Report 2005-2006
According to the State Bank of Pakistan's Annual Report 2005-2006, Pakistan's economy turned in a strong performance in FY06 with real GDP growth of 6.6 percent.
Sustaining Kazakhstan's macroeconomic success
According to this op-ed piece by Aasim Husain of the IMF, Kazakhstan's macroeconomic achievements are widely recognized and for good reason.
IMF paper on central bank board membership size
The International Monetary Fund Working Paper "Central bank boards around the world: Why does membership size differ?" analyzes empirically differences in the size of central bank boards across countries.
Danmarks Nationalbank, Monetary Review 4th Q 2006
The Danmarks Nationalbank's Monetary Review for the Fourth Quarter 2006, published 20 December, said the Danish economy continues to boom, with strong growth in both domestic and external demand.
Surprise choice for Polish central bank
According to this article from the Financial Times, published Thursday 4 January, Slawomir Skrzypek's nomination as the next head of the National Bank of Poland was received with surprise due to his lack of economic credentials and his close links to the…
Outgoing fin min Merentes may join BCV board
Venezuela's outgoing Finance Minister Nelson Merentes said Thursday 4 January that he will join the board of the Venezuelan Central Bank (BCV), Reuters reported. However, no appointment has been made official yet.