Central Banking
BOJ strengthens internal regulations
The Bank of Japan's board approved internal rules on Friday 21 July that ban its leadership from engaging in most types of transaction.
ACU calls for new members
The Asian Clearing Union (ACU) concluded its two-day technical committee meeting Wednesday 19 July calling for the admission of countries beyond the ESCAP Asia/Pacific region.
ECB sets Nov 2007 date for TARGET2
The European Central Bank on Friday 21 July confirmed the starting date for its payment system TARGET2 as 19 Nov 2007.
Muto says BOJ will take its time with rate rises
Bank of Japan deputy governor Toshiro Muto said Friday 21 July the central bank will take its time with future interest rate increases, and the current accommodative conditions are likely to stay for now.
Minutes show Fed unsure on future rate path
Federal Reserve officials were uncertain about future interest rate steps at their last meeting, minutes released Thursday 20 July showed.
Some BOJ members wanted 0.5% hike - report says
Jiji Press reported on Friday 21 July that three Bank of Japan Policy Board members sought a steeper increase in the official discount rate at the central bank's meeting last week.
Comment: Scorecard for the euro
When the single European currency was launched, its expected boost to trade was one of, if not the main, benefits promised. Two recent studies question whether this promise has been met.
Tumusiime-Mutebile on central banking in E Africa
In the speech 'The way ahead for central banking in East Africa' given on 3 July Emmanuel Tumusiime-Mutebile of the Bank of Uganda said though the rationale for the central banking course is as noble today as it was at its inception, the concerns are…
Bank of Mozambique - Annual Report 2005
According to the Bank of Mozambique's Annual Report 2005, despite the shocks the Mozambican economy was exposed to in 2005, the macroeconomic performance stayed within the initial projections.
ECB's Bini Smaghi on financial globalisation
In the speech 'Financial globalisation and integration: What's next? A forward-looking perspective' given on 18 July Lorenzo Bini Smaghi of the ECB said economic and financial imbalances between the main economic regions of the world continue to widen…
ECB's Stark on financial globalisation
In the speech 'Financial globalisation: Economic policies in a new era' given on 17 July Jurgen Stark of the ECB said the risk of a disorderly unwinding of global imbalances is rather low.
Dodge on policies for today's global economy
In the speech 'The right policies for today's global economy' given on 19 July David Dodge of the Bank of Canada said the IMF must adjust its quota system with ``urgency'' to give China and other countries more say and help resolve global imbalances.
BoE's Gieve on stability and change
In the speech 'Stability and change' given on 20 July John Gieve of the Bank of England warned that policymakers "will not hesitate to change interest rates" to keep inflation on track as the deflationary benefits cheap imports show signs of retreating.
Minutes show BOJ waited to monitor markets
Minutes released on Thursday 20 July showed the Bank of Japan put off raising interest rates from zero at a board meeting in June because it wanted to monitor factors such as global markets and the U.S. economy.
Juncker says ECB not only one concerned on rates
The exchange rate policy is not the exclusive domain of the European Central Bank, the head of the Eurogroup Jean-Claude Juncker said in a newspaper interview published Thursday 20 July.
Belgian central bank chief on ship to Cyprus
National Bank of Belgium governor Guy Quaden and his family were evacuated from Lebanon by a ship bound for Cyprus, a bank spokesman was quoted as saying on Wednesday 20 July.
Mishkin approved by Senate Banking panel
The Senate Banking Committee on Wednesday 19 July approved the nomination of academic Frederic Mishkin to be a member of the Federal Reserve Board of governors.
MAS: Singapore can keep lid on inflation
Growth in the Singapore economy will continue to be supported by factors that underpinned the robust growth in 2005, the managing director of the Monetary Authority of Singapore told a press briefing on Thursday 20 July.
OECD urges caution on BOJ rate moves
The Organisation of Economic Cooperation and Development warned on Thursday 20 July that the Bank of Japan should not rush further interest rate increases while there is a risk of slipping back into deflation.
Comment: Noyer takes Kroes to task
The Bank of France governor, Christian Noyer, said on 18 July that the European Commission is "playing a very dangerous game" in attempting to break open the European credit card market. How legitimate are his concerns?
Bank Al-Maghrib - Annual Report 2004
According to Bank Al-Maghrib's (the central bank of Morocco) Annual Report 2004, growth continued at a sustained rate and was stimulated, as in 2003, by domestic demand both for consumption and investment.
Federal Reserve bank pay & staffing trends
A new report from the Financial Markets Center, published Tuesday 18 July, says that the last decade has seen the Fed lose almost 20% of the jobs at its regional Reserve Banks. At the same time, it says, average pay levels have risen for the remaining…
Bank of Japan Monthly Report, July 2006
The Bank of Japan published the English version of its July 2006 monthly report on Wednesday 19 July. In the report the BOJ upgraded its wording on the assessment of the nation's economy describing it as "expanding moderately."
Fed's Warsh on corporate cash balances
In the speech 'Corporate cash balances and economic activity' given on 18 July Kevin Warsh of the Federal Reserve said US companies are at last starting to borrow more and cut the cash hoards they maintained during the economic recovery, a trend that is…