Central Banking
National Reserve Bank of Tonga - Ann Rep 05-06
According to the National Reserve Bank of Tonga's Annual Report 2005-2006, economic growth is estimated by the Ministry of Finance to have eased from 2.3 per cent in 2004/05 to 1.9 per cent in 2005/06, which is slightly below the average pace of the past…
Fed's Kohn on the evolving inflation process
In the speech 'Understanding the evolving inflation process' given on 9 March Donald Kohn of the Federal Reserve said the Fed must keep a close watch on inflation expectations, which are "critical" to the conduct of monetary policy.
Fed's Kroszner on liquidity and monetary policy
In the speech 'Liquidity and monetary policy' given on 9 March Randall Kroszner of the Federal Reserve said deregulation and financial globalization have led to competition among currencies and kept long-term interest rates down.
Lacker on the evolving inflation process
In the speech 'Understanding the evolving inflation process' given on 9 March Jeffrey Lacker of the Federal Reserve Bank of Richmond said that U.S. inflation expectations may not be anchored enough to promote price stability.
The economic impact of central bank transparency
The Working Paper "The economic impact of central bank transparency: a survey" from De Nederlandsche Bank provides an up-to-date overview of the literature on the desirability of central bank transparency from an economic viewpoint.
ECB's Bini Smaghi says rates depend on growth data
Interest rates "must adjust" to combat inflation if economic growth continues, European Central Bank executive board member Lorenzo Bini Smaghi told Italian daily La Stampa in an interview published Sunday 11 March.
G10 bankers: Stock correction reminds of risk
G10 central bankers said Monday 12 March that the recent correction in stock markets was a useful reminder of the risks faced by investors, but it has not altered fundamental growth prospects.
Report says China to continue buying US Treasuries
China will continue to purchase US Treasuries after the new foreign exchange investment agency begins operations, The Standard reported Monday 12 March, citing central bank vice governor Wu Xiaoling.
Liebscher says ECB job not finished yet
European Central Bank council member Klaus Liebscher said in an interview published Monday 12 March the bank can't consider its job done after seven interest-rate increases because inflation remains a threat.
China vows more flexible yuan with trade surplus
In a possible attempt to address overseas pleas to address China's record trade surplus, central bank governor Zhou Xiaochuan said Monday 12 March that exchange rate policies could go some way toward tackling the problem.
Qatar considers single financial regulator
According to a recent article published by the Gulf Times, 'Doha mulls UK-style single regulator', Qatar is considering a single financial regulator along the lines of the UK as part of its efforts to form an umbrella organisation.
Canada's Dodge on global economic challenges
In the speech 'Meeting global economic challenges: The need for flexibility' given on 8 March David Dodge of the Bank of Canada said last week's stock market volatility was a reassessment of risks and he urged markets to price those risks appropriately…
Fullani on a vision of the Albanian economy
In the speech 'A vision for the future of the Albanian economy and financial system' given on 6 March Ardian Fullani of the Bank of Albania said the Bank of Albania aims to formulate and later on, implement a medium-term strategy for the development,…
Akhtar: Pakistan - investment friendly destination
In the speech 'Pakistan - an investment friendly destination' given on 22 February Shamshad Akhtar of the State Bank of Pakistan said Pakistan offers endless possibilities with its vast untapped resources.
Trends in financial market concentration
A study forthcoming in the Federal Reserve Bank of New York's Economic Policy Review concludes that there is no pervasive pattern in the past decade of high or increasing concentration in financial markets.
Bank of Spain - Annual Report 2005
According to the Bank of Spain's Annual Report 2005, the Spanish economy grew by 3.4%, 0.3% more than in the previous year.
Takenaka says BOJ rate hike came too early
Japan's former economic and fiscal policy minister Heizo Takenaka has criticised the Bank of Japan in an interview published Friday 9 March for increasing interest rates in February despite continued deflation.
Simor nominates deputy governor in Hungary
Newly installed National Bank of Hungary (MNB) governor, Andras Simor, proposed Ferenc Karvalits as the MNB's deputy governor and member of the Monetary Council on Thursday 8 March.
China announces reserve fund plan
China's finance minister announced Friday 9 March the country is creating an investment company to make more profitable use of its $1 trillion in foreign currency reserves.
ECB policy on 'accommodative side' says Weber
Bundesbank president Axel Weber said Friday 9 March the European Central Bank's monetary policy remains "on the accommodative side" even after Thursday's rate hike.
Mexico's Senate rejects central bank nominee
The Mexican Senate rejected President Felipe Calderon's nominee for deputy governor of the Bank of Mexico on Thursday 8 March.
Bank of France attacks ECB strategy
According to this article from The Daily Telegraph, published Friday 9 March, the ECB has received an unprecedented attack on the "reliability" of its strategy by the Bank of France and a barrage of attacks by French leaders.
New governor says CBK not to follow IMF blindly
Kenya's newly appointed central bank governor said Wednesday 7 March that the institution should develop partnerships rather than blindly follow the IMF and World Bank.
Bank of Mexico nominee may lose vote
Mexican president Felipe Calderon's nominee to fill a vacant seat on the central bank board will be rejected by the Senate on Friday 9 March, according to a senator quoted by Bloomberg.