Central Banking
Bernanke seen as unlikely to push inflation target
This article from the Finanical Times, published Wednesday 15 November, says that fallout from the Democrats recent victories could include a slow down in Ben Bernanke's drive to lead the Federal Reserve towards adopting a numerical inflation target.
St Louis Fed's Poole on U.S. labor input
In the speech 'U.S. labor input in coming years' given on 14 November William Poole of the Federal Reserve Bank of St. Louis said the aging U.S. workforce and a declining number of people who want to work may hit growth and make the central bank's job…
EC's McCreevy:Time to deliver on SEPA
In the speech 'Time to deliver on SEPA' given on 13 November Charlie McCreevy, the European Commissioner for Internal Market and Services, urged banks to speed up adoption of common standards for customers to make euro payments throughout Europe from a…
SNB's Hildebrand on money and monetary policy
In the speech 'Money and monetary policy - the ECB experience 1999-2006' given on 9 November Philipp Hildebrand of the Swiss National Bank said in practice, it is often difficult to consider money in the conduct of policy.
Bank of England Inflation Report, November 2006
The Bank of England published its November 2006 Inflation Report on 15 November. At a press conference BoE governor Mervyn King highlighted that the central bank's latest forecast of easing inflationary pressures is a 'benign' one.
RBNZ Financial Stability Report, November 2006
The Reserve Bank of New Zealand published its November 2006 Financial Stability Report on 15 November. RBNZ governor Alan Bollard said banks continue to appear well capitalised and continue to return strong profits.
Grzelonska is not a new Balcerowicz
According to this article published Monday 13 November on the FX Street website, Poland's likely next central bank governor has doubts whether the country should adopt the euro.
Riksbank unanimous on rate hike - minutes
The minutes from the Swedish Riksbank's 25 October monetary meeting published Wednesday 15 November show the board was unanimous in its decision to increase the repo rate 0.25 percentage points to 2.75 pct.
RBI's Reddy warns on asset prices
Reserve Bank of India governor Y V Reddy told the Financial Times in comments published Wednesday 15 November that Indian property prices are rising uncomfortably fast.
NY Fed to change Treasury holdings cap
The Federal Reserve Bank of New York said on Monday 13 November it was changing the limits on its holdings of U.S. Treasury securities in its portfolio.
Iran will not use dollar in trade
Iran plans to carry out transactions in currencies other than the dollar in retaliation for US anti-Iran banking policies, IRNA reported Tuesday 14 November.
ADB names Rajat Nag as MD general
The Asian Development Bank announced Tuesday 14 November it has appointed Rajat M. Nag as its new Managing Director General.
EU single payments area plan in doubt
European Union lawmakers said Wednesday 15 November that plans for a single payments area in Europe could hit the buffers unless governments reach a deal soon.
ECB's Tumpel-Gugerell on SEPA
In the speech 'SEPA - Opportunities by change' given on 13 November Gertrude Tumpel-Gugerell of the ECB said it is important to underline that payment instruments will have to adapt to the SEPA environment.
Trichet at the ECB's Central Banking Conference
In his closing speech at the Fourth ECB Central Banking Conference given on 10 November Jean-Claude Trichet of the ECB said in assessing the success of central bank policy, the historical context always needs to be taken into account.
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its Fourth Quarter 2006 Survey of Professional Forecasters on 13 November. The rate of growth in U.S. output over the next few quarters looks slower now than it did just three months ago, according to 51…
Noyer: Does money matter? A European perspective
In the speech 'Does money matter? A European perspective' given on 9 November Christian Noyer of the Bank of France said euro zone money supply growth may remain strong because of a structural increase in the demand for money.
Yen lures Swiss, Russian, NZ central banks
According to this article published Monday 13 November by Bloomberg, central banks are increasing their holdings of the yen, in anticipation of a rebound from a 20-year low.
Think-tank joins call for China FX diversification
A government think-tank said in a report published on Monday 13 November that China should diversify its US$1 trillion foreign exchange reserves by building up strategic reserves of crude oil, and precious metals.
Drug linked to disintegrating euros
A mystery substance that caused some euro banknotes in Germany to fall to pieces may be linked to the party drug crystal speed, Der Spiegel magazine reported on Saturday 11 November, quoting regional police.
Iraqi central bank officials get skills boost
A five-day workshop offering training to officials from the Central Bank of Iraq was launched Monday 13 November in Bahrain.
Russia's Melikyan vows to close banks
The Russian central bank will press on with its cleanup of the banking system despite the murder of reformist banking supervisor Andrei Kozlov, the man who took over his role said in an interview Friday 10 November.
Eurozone rates "damn low" says ECB's Wellink
European Central Bank council member Nout Wellink said in an interview published Tuesday 14 November interest rates in the eurozone are still ``damn low.''
Philadelphia Fed Business Outlook Survey, Oct 2006
According to the firms surveyed for the Philadelphia Fed's October 2006 Business Outlook Survey, the pace of activity in the region's manufacturing sector was generally steady in October.