Central Banking
Central Bank of Peru - Annual Report 2005
According to the Central Bank of Peru's Annual Report 2005, a positive macroeconomic performance characterized the Peruvian economy in 2005.
RBA's Lowe on payment systems evolution
In a speech given on 27 September Philip Lowe of the RBA said over the past year or so, the Reserve Bank has been examining the architecture and governance of Australia's payment systems and the range of payment products offered in Australia.
Gonzalez-Paramo on the design of monetary policy
In the speech 'Expectations, uncertainty and the design of monetary policy' given on 28 September Jose Manuel Gonzalez-Paramo of the ECB said as regards the predictability of monetary policy, policy moves have been well anticipated by money markets.
ECB's Bini Smaghi on an ageing society
In the speech 'Democratic representation and economic policy rules in an ageing society' given on 28 September Lorenzo Bini Smaghi of the ECB said ageing population and negative demographics may jeopardize the financial and political sustainability of…
ECB's Stark on central bank independence
In the speech 'The role of central banks in economic and personal finance education' given on 29 September Jurgen Stark of the ECB made some pointed remarks indirectly warning Poland's government against interfering with the country's central bank.
Interview with Central Bank of Yemen's Al-Maswari
In an interview published by the Yemen Times on Friday 29 September, the chairman of the Central Bank of Yemen, Hussian Al-Maswari, said the government of Yemen represented by the Central Bank should give more attention to developing the banking industry.
Riksbank to sell 10 tonnes from gold reserves
Sweden's Riksbank said on Friday 29 September it intends to sell up to 10 tonnes of its gold reserves between Sept 2006 and Sept 2007, in order to obtain a better risk-adjusted return on the its assets.
ECB will move forward with financial integration
A European Central Bank executive board member signalled in comments to the Financial Times, published Friday 29 September, that the ECB will push ahead with plans to increase eurozone financial integration by providing securities settlement services,…
China FX regulator denies new forex rules reports
China's State Administration of Foreign Exchange (SAFE) denied media reports on Friday 29 September that it intends to issue a new regulation governing foreign exchange today.
Kluza named chief of Poland's new regulator
Former minister of finance Stanislaw Kluza was on Friday 29 September named as the head of Poland's new commission designed to supervise the rapidly growing financial sector, Deutsche Presse-Agentur dpa reported.
RBI governor sees long term real rate challenge
Reserve Bank of India governor, YV Reddy said Thursday 28 September that long term interest rates pose a challenge to the "effectiveness of the economy."
New Japan MOF chief to be soft on BOJ
According to this article from Reuters, published Wednesday 27 September, newly appointed Japanese finance minister Koji Omi is unlikely to adopt his predecessor's stance on intervention in the Bank of Japan's monetary policy.
Weber sees inflation risks despite oil price fall
Germany's Bundesbank president Axel Weber said Thursday 28 September the eurozone still faces inflation risks despite the recent dip in oil prices.
BIS's Knight on global banking: paradigm shift
In the speech 'Global Banking: paradigm shift - towards meeting the emerging challenges' given on Tuesday 26 September Malcolm Knight of the BIS said global banking will flourish in a strong and stable financial environment.
RBNZ paper on open economy inflation targeters
The Reserve Bank of New Zealand Discussion Paper "What do robust policies look like for open economy inflation targeters?" examines the role of the open economy in determining robust rules when the central bank fears various model misspecification errors.
Bank of the Netherlands Antilles- Annual Report 05
According to the Bank of the Netherlands Antilles' Annual Report 2005, the pace of growth of the Netherlands Antillean economy accelerated to 1.5% in 2005, following a rise of 1.1% in 2004.
Fed's Kroszner on productivity growth
In the speech 'What drives productivity growth? Implications for the economy and prospects for the future' given on 27 September Randall Kroszner of the Federal Reserve said that strong U.S. productivity growth since the mid-1990s seemed set to persist…
Tumpel-Gugerell on financial system modernisation
In the speech 'Opening remarks at the conference on Financial System Modernisation and Economic Growth in Europe' given on 28 September Gertrude Tumpel-Gugerell of the ECB said EU economic growth has been disappointing in the period since the launch of…
RBA Financial Stability Review, September 2006
The Reserve Bank of Australia published the September 2006 edition of its Financial Stability Review on Thursday 28 September. Household balance sheets are in reasonable shape despite recent interest rate hikes, according to the latest Review.
Jarai says Hungarian forint vulnerable
"The forint is one of the most vulnerable currencies in the world," Hungary's central bank governor, Zsigmond Jarai said Wednesday 27 September at a conference hosted by the German-Hungarian chamber of commerce.
Fed's Hoenig says lags slowing rate impact
Kansas City Federal Reserve Bank President Thomas Hoenig said on Wednesday 27 September that the impact of previous interest rate increases has not been fully felt yet and must be considered by the FOMC at future meetings.
Interview with Richmond Fed's Lacker
Federal Reserve Bank of Richmond President Jeffrey Lacker told Reuters in an interview on Wednesday 27 September the U.S. economy was on solid ground, but that inflation was still a worry.
China calls for hedge fund cooperation
Financial regulators across the world must work together to keep tabs on the increasingly powerful hedge fund industry, China's banking regulatory head said in remarks published on Thursday 28 September.
A case for inflation targets in the US and Japan
This article published by the American Enterprise Institute on Wednesday 27 September says that the world's leading central banks are struggling with what is happening to prices in their respective countries, and what they should do and say about it.