Central Banking
BOJ chief sees risk assessed rate rises
The Bank of Japan will adjust interest rates gradually while ensuring its policy actions remain supportive of the domestic economy and that growth remains sustainable, BOJ governor Toshihiko Fukui said Sunday 19 November.
ECB wants more clarity on Sepa for cards
The European Central Bank said Monday 20 November it has laid down a new set of objectives for payment card schemes to achieve in order to become Sepa-compliant, amid concerns that current provisions would lead to higher prices and a deterioration in…
Milton Friedman, Nobel Prize winner, 1912-2006
Milton Friedman, a Nobel Prize winner, and one of the most influential economists of the 20th century, died in San Francisco on Thursday 16 November, aged 94.
Philadelphia Fed Business Outlook Survey, Nov 2006
According to the firms surveyed for the Philadelphia Fed's November 2006 Business Outlook Survey, economic conditions in the region's manufacturing sector improved slightly in November.
New York Fed's Foreign Exchange Operations Report
According to the Federal Reserve Bank of New York's Treasury and Federal Reserve Foreign Exchange Operations quarterly report for July-September 2006, published 16 November, the U.S. monetary authorities did not intervene in the foreign exchange markets…
Poole on responding to financial crises
In the speech 'Responding to financial crises: What role for the Fed?' given on 16 November William Poole of the Federal Reserve Bank of St. Louis said the Fed should play as limited a role as possible in a financial market crisis and took aim at Fannie…
Gieve: Preparing for cross-border financial crisis
In the speech 'Practical issues in preparing for cross-border financial crises' given on 13 November Sir John Gieve of the Bank of England said central banks and regulators around the world need to rehearse dealing with a financial crisis in order to…
BoE's King on inflation and the UK economy
In a speech given on 16 November Mervyn King of the Bank of England said inflation will likely rise further above its 2 percent target in the near term before falling back to meet it.
BoE's Gieve says hedge funds pose stability risks
Bank of England deputy governor John Gieve has warned that hedge fund activity does pose short term risks to financial stability.
Dallas Fed chief sees dollar staying top currency
Federal Reserve Bank of Dallas President Richard Fisher said on Friday 17 November he does not expect a global shock that would be big enough to remove the dollar's status as the world's top currency.
Iran's Sheybani hails cooperation with Europe
Iran's central bank governor Ebrahim Sheybani on Friday 17 November praised the good cooperation between Iranian and European banks.
UAE has no plans to diversify into yen reserves
The governor of the United Arab Emirates central bank said Friday 17 November the UAE does not see the Japanese yen as an attractive currency to diversify into from its existing foreign exchange reserves.
IMF's Rato says more rate rises may be needed
International Monetary Fund managing director Rodrigo de Rato said in an interview with Bloomberg on Friday 17 November that central banks may need to increase interest rates further to keep inflation under wraps, amid faster global economic growth.
US renews calls for China yuan reform
US Deputy Treasury Secretary Robert Kimmitt on Friday 17 November called on China to move more quickly to reform its currency and said he would likely discuss the issue with Chinese officials at the Group of 20 meeting in Melbourne.
How far apart are two ACUs from each other?
The Bank of Japan Working Paper "How far apart are two ACUs from each other?: Asian Currency Unit and Asian Currency Union" examines the future evolution of the Asian currency arrangements from broader perspectives, including the optimal currency area…
ECB's Bini Smaghi on ageing and pension funds
In the speech 'Ageing, pension funds and household wealth allocation in the euro area' given on 15 November of the ECB said shifts in households' financial investments and liabilities complicate the ECB's analysis of money and credit growth.
SARB's Mboweni on supporting development
In the speech 'Joining hands in support of development' given on 14 November Tito Mboweni of the South African Reserve Bank said the SARB will remain resolute to keep inflation under control, and not hesitate to change monetary policy before Christmas if…
Ingves on a modern financial sector in Sweden
In the speech 'The development of a modern financial sector in Sweden' given on 15 November Stefan Ingves of the Sveriges Riksbank said the development in Sweden from a highly restricted and limited financial system to a system which is quite open and…
Fed's Kroszner on conquest of worldwide inflation
In the speech 'The conquest of worldwide inflation: Currency competition and its implications for interest rates and the yield curve' given on 16 November Randall Kroszner of the Federal Reserve said better performance by central banks around the world…
BOT to enhance regulatory practices
Tarisa Watanagase, the new governor of the Bank of Thailand, said Wednesday 15 November that the central bank will look to enhance efficiency and apply the best international regulatory practices to the banking system.
BOJ's Fukui doesn't rule out rate rise any time
The Bank of Japan hasn't ruled out any time for raising interest rates, governor Toshihiko Fukui said Thursday 16 November.
BOT selects new MPC member
The Bank of Thailand has selected Commerce Ministry's permanent secretary, Karun Kittisataporn as a new member of its monetary policy committee, The Nation reported Thursday 16 November.
Fed minutes show concern on curbing inflation
Keeping inflation under control remains the top concern for Federal Reserve policymakers, minutes published Wednesday 15 November showed.
Rubin, Volcker see shift away from dollar
Robert E. Rubin, Treasury secretary under President Bill Clinton, and former Federal Reserve chairman Paul Volcker have questioned whether foreign investors will keep increasing dollar holdings.