Central Banking
Riksbank's Persson not available for reappointment
Sveriges Riksbank deputy governor Kristina Persson, whose appointment to the Executive Board expires on 1 May 2007, has informed the General Council that she is not available for reappointment.
Report says Bernanke wants more democratic Fed
Federal Reserve chairman Ben Bernanke is trying to depersonalise the Fed by making its decision-making more democratic and easier to understand, The Wall Street Journal reported late on Friday 8 September.
Reserve Bank of New Zealand Bulletin, Sep 2006
The Reserve Bank of New Zealand published the September 2006 issue of its Bulletin on 8 September. To mark the opening of the Reserve Bank museum, the first article in the Bulletin looks at the events leading to the establishment of the Reserve Bank in…
ECB's Tumpel-Gugerell on SEPA
In the speech 'From theory to practice: let's roll out the cables' given on 7 September Gertrude Tumpel-Gugerell of the ECB said that in spite of good progress in the design phase, some issues of concern remain, in particular in the SEPA for cards.
SF Fed's Yellen on prospects for the U.S. economy
In the speech 'Prospects for the U.S. economy' given on 7 September Janet Yellen of the Federal Reserve Bank of San Francisco said the Fed's benchmark rate is at an appropriate level, although risks remain that rates may have to rise to combat inflation.
U.S., China must back IMF, end currency impasse
According to this article by Bloomberg, published Thursday 7 September, the International Monetary Fund which set up the system of flexible exchange rates needs to infuse it with a dose of vigour.
Julio Velarde named head of Peru's central bank
Peru's president Alan Garcia has named Julio Velarde, president of the Latin American Reserve Fund, to head the Central Bank of Peru for the next five years.
China can bear 3-5 pct rise in yuan's value - SAFE
Chinese companies can bear a three to five pct rise in the yuan's value, a foreign exchange regulatory official told the China Economic Times.
Fukui says no need to change BOJ view on prices
Bank of Japan Governor Toshihiko Fukui said on Friday 8 September he saw no need to change the central bank's view on price trends in the wake of downward revisions to consumer price data.
China must address excess liquidity - Qiu
China must address the issue of excess liquidity that is driving strong credit and fixed asset investment growth in the country, Xinhua News Agency reported, citing Qiu Xiaohua, the head of the National Bureau of Statistics (NBS).
Trichet, Juncker warn on disorderly rate moves
European Central Bank president Jean-Claude Trichet has told a news conference that disorderly moves in exchange rates are negative for economic growth.
State Bank of Pakistan divided into four depts
In a bid to bring about improved performance in various departments, State Bank of Pakistan governor Dr. Shamshad Akhtar has divided the central bank into four departments.
Cleveland's Pianalto on inflation and expectations
In the speech 'Inflation, Inflation Expectations, and Monetary Policy' given on 8 September Sandra Pianalto of the Federal Reserve Bank of Cleveland said low and stable inflation expectations provided some comfort that a pause in August was not too risky…
Krueger's farewell remarks to IMF Executive Board
In a speech given on 31 August Anne Krueger of the IMF said if we believe that the Fund is integral to the functioning of the global economy and of the international financial system, then it is our duty to do all we can to preserve it.
Federal Reserve Board - Beige Book, September 2006
The Federal Reserve published its September 2006 Beige Book survey on 6 September. The U.S. economy grew overall from mid-July to late August, according to the report.
ECB Monthly Bulletin, September 2006
The European Central Bank published its September 2006 Monthly Bulletin on Thursday 7 September. In the report the ECB said it expects to make further increases in interest rates if the euro zone economic recovery continues.
Chicago's Moskow on the U.S. economic outlook
In the speech 'U.S. economic outlook' given on 22 August Michael Moskow of the Federal Reserve Bank of Chicago said the FOMC's resolve to achieve price stability and sustainable growth remains certain.
SARB's Mboweni on monetary policy and the markets
In the speech 'Monetary policy and the markets: A two-way street' given on 7 September Tito Mboweni of the South African Reserve Bank said central banking has come a long way since the days, not too many years ago, when monetary policy was shrouded in…
Dallas Fed's Fisher on the status of the economy
In the speech 'An update on the status of the economy and its implications for monetary policy' given on 16 August Richard Fisher of the Federal Reserve Bank of Dallas said inflation continues to trend upwards and the Federal Reserve will not hesitate to…
Rato on key steps in IMF reform
In the speech 'Key steps in IMF reform: Taking stock on the eve of the annual meetings in Singapore' given on 5 September Rodrigo de Rato of the IMF said the global economy has been resilient in the past year, and growth prospects are still very good.
Can the IMF avert a global meltdown?
According to this article by Kenneth Rogoff, published on Thursday 7 September by The Japan Times, it is time for international institutions to step in to avert a global financial crisis.
St Louis Fed's Poole to cast Atlanta vote
Federal Reserve Bank of St Louis president William Poole will cast the Atlanta Fed's vote at the FOMC until a replacement has been found for its president, Jack Guynn, who retires on Oct. 1, the Fed said on Thursday 7 September.
Israel's Fischer backs 2007 budget plan
Bank of Israel governor Stanley Fischer expressed support Thursday 7 September of the budget framework presented by Finance Minister Avraham Hirchson the day before.
Belarussian central bank increases gold sales
The National Bank of Belarus increased sales of gold bars by 360% year-on-year to 802.9 kg in the first eight months of 2006, a source in the NBB's precious metals and stones department told Interfax.