Central Banking
Central Bank of Kenya - Annual Report 2006
According to the Central Bank of Kenya's Annual Report 2006, the economy grew by 5.8 percent in 2005 compared with 4.9 percent in 2004.
RBA Statement on Monetary Policy, November 2006
The Reserve Bank of Australia published its November 2006 Statement on Monetary Policy on 13 November. In the report the RBA said it expects inflationary pressures to remain in the economy although it expects its monetary policy to counteract such…
Economic woes await next Congo president
According to this article published Thursday 9 November by AFX, whoever emerges winner of Congo's recent presidential election will have a hard time wooing back citizens who have given up on institutions in favour of a giant shadow economy.
Bernanke holds fewer political meetings
According to data gathered by an academic, Federal Reserve chairman Ben Bernanke is holding fewer political meetings than his predecessor, Alan Greenspan, did in the last five years of his term at the Fed.
First CBS governor Guy Morel dies
Guy Joseph Morel, the first governor of the Central Bank of Seychelles, passed away Thursday 9 November at the age of 73, the Seychelles Nation reported.
Pakistan soon to launch RTGS system
The president of telecoms company PTCL, Muhammad Abdullah Bamakhrama, has said it will soon provide its latest and state-of-the-art Real Time Gross Settlement (RTGS) system to the State Bank of Pakistan.
Financial integration helps avert shocks - Trichet
European Central Bank president Jean-Claude Trichet said Monday 13 November closer financial integration will raise the eurozone's resistance to external shocks and increase its growth potential.
Malaysia, Hong Kong launch payment link
Bank Negara Malaysia (BNM) and the Hong Kong Monetary Authority launched a new cross-border payment-vs-payment link between Hong Kong's US dollar real time gross settlement (RTGS) system and Malaysia's ringgit RTGS system, the BNM said Monday 13 November.
China may shift reserves to gold - Numis
China is likely to diversify its foreign exchange holdings of more than one trln usd away from US dollar denominated instruments in favour of gold, Numis Securities said Monday 13 November.
Meister on the EU Banking Stability Report
In a speech given on 7 November Edgar Meister of the Banking Supervision Committee said as analysts of banking sector stability, we have to take into account that the links between large EU banks and hedge funds are intensifying.
ECB's Papademos on the conduct of monetary policy
In the speech 'The role of money in the conduct of monetary policy' given on 9 November Lucas Papademos of the ECB said a large and influential body of academic work has disregarded or deemphasised the role of money as a determinant of inflation, even in…
Central Bank of Ireland Financial Stability Report
According to the Central Bank of Ireland's Financial Stability Report for 2006, risks in the Irish financial system, including rising debt levels, have increased since last year but the industry is robust enough to cope with shocks.
Bernanke on monetary aggregates & monetary policy
In the speech 'Monetary aggregates and monetary policy at the Federal Reserve: A historical perspective' given on 10 November Ben Bernanke of the Federal Reserve said the Fed will continue to monitor and analyse money growth even though the relationship…
Democrats may oppose Bernanke's inflation target
According to this article published Thursday 9 November by Bloomberg, it may become harder for Federal Reserve chairman Ben Bernanke to establish an inflation target now that Democrats have control of the U.S. Congress.
RBNZ's Bollard on financial stability issues
In the speech 'Kiwis like buying houses more than buying businesses' given on 9 November Alan Bollard of the RBNZ said New Zealanders' low investment in local businesses leaves the economy more vulnerable to shocks and constrains the country's growth…
'The Region' from the Minneapolis Fed, Sep 06
The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for September 2006. The latest edition carries an interview with Harvard professor Martin Feldstein in which he comments on the current course of monetary policy and…
ECB's Stark on the role of money
In the speech 'The role of money: Money and monetary policy in the twenty-first century' given on 9 November Jurgen Stark of the ECB said the weight given to money growth in ECB interest rate decisions has varied over time, depending on the signals it…
SARB Financial Stability Review, September 2006
The South African Reserve Bank published the September 2006 edition of its Financial Stability Review on 10 November. In its latest report the SARB said the volatility of South Africa's rand could be negative for long-term growth, but for now the…
Bank of Mongolia gets new head
Alag Batsukh, 44, has been appointed governor of the Bank of Mongolia, the central bank, but the decision was not unanimously approved by parliament.
Interview with National Bank of Slovakia's Sramko
In an interview with Deutsche Presse-Agentur, published Wednesday 8 November, National Bank of Slovakia governor Ivan Sramko said Slovakia needs to step up efforts if it is to meet its tight deadline for joining the euro in January 2009.
New York Fed announces Kos to leave
The Federal Reserve Bank of New York announced Wednesday 8 November that Dino Kos, the head of market operations, will resign to pursue interests outside the bank.
BOJ's Fukui watching pace of carry trades
Bank of Japan governor Toshihiko Fukui said Friday 10 November the central bank is carefully watching the market for signs that the buildup or unwinding of carry trades might cause problems for the foreign exchange markets.
China to stick to reserves policy - PBOC's Zhou
People's Bank of China governor, Zhou Xiaochuan, said Friday 10 November that the country has no plans to change its foreign reserves policy.
Fukui says Japan will adjust rates gradually
Bank of Japan governor Toshihiko Fukui said Friday 10 November Japan would raise interest rates preemptively and in small steps, and was aware of the risks of moving too late, the Yomiuri newspaper reported.