Central Banking
Bank of England Quarterly Bulletin, Winter 2006
The Bank of England published its Quarterly Bulletin for Winter 2006 on Monday 11 December. The latest issue includes the article an article which examines the available data on immigration to the United Kingdom.
BoJ's Iwata on monetary policy in Japan
In the speech 'The role of money and monetary policy in Japan' given on 10 November Kazumasa Iwata of the Bank of Japan said the BoJ's new framework introduced two perspectives on examining economic activity and prices.
Papademos on the global importance of the euro
In the speech 'The global importance of the euro' given on 17 November Lucas Papademos of the ECB said the share of the euro in global official foreign exchange reserves increased during the first few years following its introduction, but has remained…
Optimal currency shares in international reserves
The ECB Working Paper "Optimal currency shares in international reserves: the impact of the euro and the prospects for the dollar" says that foreign exchange reserve accumulation has risen dramatically in recent years.
SBP's Akhtar warns speculators of punitive steps
The governor of the State Bank of Pakistan, Dr Shamshad Akhtar, announced on Sunday 10 December that while the SBP would not intervene to stabilise the rupee exchange rate, it would take punitive action against market speculators.
BoE to launch credit conditions survey
The Bank of England announced Monday 11 December it will launch a quarterly survey of credit conditions in the UK covering mortgage lending, unsecured lending to households and corporate lending.
Brian Lang retires from RBNZ
The Reserve Bank of New Zealand announced Monday 11 December that Brian Lang will be retiring from the Bank on 15 December. Lang joined the Bank in 1962 and has filled a wide range of senior positions.
Belgium's Quaden says don't panic on rate levels
Belgian National Bank governor Guy Quaden said Monday 11 December eurozone countries have no cause for alarm over interest rates and currency levels.
Oman not ready for single currency
Oman has confirmed it will not be joining the GCC currency union by 2010. The move presents a big setback for the proposed Gulf single currency.
China to look positively on Paulson talks
China promised on Monday 11 December to respond positively to the US in talks this week but said its exchange rate is a matter of national sovereignty.
Bernanke promotes Fed's profile, not his
According to this article published by Bloomberg on Monday 11 December, deflating the aura around his job may be Ben Bernanke's greatest triumph so far at the Federal Reserve.
Bernanke may clash with democratic Congress
According to the article 'Bernanke may clash with democratic Congress on wages, inflation' from Bloomberg, published Thursday 7 December, Federal Reserve chairman Ben Bernanke may be heading for a showdown with congressional Democrats over warnings from…
NY Fed: Deflationary shocks & monetary rules
The New York Fed Staff Report "Deflationary shocks and monetary rules: An open-economy scenario analysis" considers the macroeconomic transmission of demand and supply shocks in an open economy.
SARB's Quarterly Bulletin, December 2006
The South African Reserve Bank published its December 2006 Quarterly Bulletin on 8 December. According to the latest Bulletin, higher South African exports and a fall in oil imports helped narrow the current account deficit in the third quarter.
SNB's Roth warns on appetite for risk
Swiss National Bank president Jean-Pierre Roth said Friday 8 December he does not feel comfortable with recent developments seen in global financial markets.
PBOC not considering wider yuan/dollar band
The People's Bank of China is not currently considering a widening of the trading band for the yuan against the dollar, the head of the bank's research department said Friday 8 December.
Brazil central bank considered rate cut
Brazil's central bank said Thursday 7 December in minutes from its last Copom meeting that it doesn't expect an eventual pick up in economic activity to stoke inflation.
Zimbabwe's Gono says he is unpaid
In reply to a question to Reserve Bank of Zimbabwe governor Gideon Gono on the New Zimbabwe.com web chat on Wednesday 6 December, Gono revealed he has not been paid since taking up the post at the central bank.
NBP's Balcerowicz against euro referendum
The head of Poland's central bank Leszek Balcerowicz told a seminar on Thursday 7 December that a referendum on Poland joining the eurozone is unnecessary.
Robert Mclean joins Australia's PSB
Australia's treasurer Peter Costello has appointed academic and businessman Robert McLean as a part-time member to the central bank's Payments System Board (PSB) for a five-year term.
Fischer on Israel's economy and its banking system
In the speech 'Israel's economy and the challenges facing its banking system' given on 23 November Stanley Fischer of the Bank of Israel said within the Bank of Israel the Supervisor faces the vital and difficult task of managing a large, complex…
Greece's Garganas on macroeconomic management
In the speech 'Macroeconomic management in an environment of aggregate supply shocks - lessons from recent experience' given on 25 November Nicholas Garganas of the Bank of Greece said central banks should not respond to negative supply shocks by…
T&T's Williams on investment strategies
In the speech 'Investment strategies in an uncertain world' given on 1 December Ewart Williams of the Central Bank of Trinidad and Tobago said since its inception in 1981 there has been little growth in the number of companies listed on the Trinidad and…
RBNZ Monetary Policy Statement, December 2006
The Reserve Bank of New Zealand published its December 2006 Monetary Policy Statement on 7 December. The report said medium-term inflation pressures remain persistent.