Central Banking
Canada's Jenkins on weathering economic shocks
In the speech 'Weathering economic shocks: The importance of flexibility' given on 13 September Paul Jenkins of the Bank of Canada issued a warning to federal and provincial governments that they should not use their windfalls to take actions that would…
Jelasic on the goals of National Bank of Serbia
In the speech 'Overall goals of the National Bank of Serbia' given on 10 July Radovan Jelasic of the National Bank of Serbia said more float and less management" has been emphasized and carried out by the National Bank since September last year.
Fisher on the Federal Reserve and Texas
In the speech 'The Federal Reserve and Texas' given on 29 August Richard Fisher of the Federal Reserve Bank of Dallas said a global boom has been under way for four years now, ignited in no small degree by the easy monetary policy that began in 2001.
Sweden's Persson on the current economic situation
In the speech 'The current economic situation' given on 13 September Kristina Persson of the Sveriges Riksbank said the world economy has developed very strongly in recent years with an average annual growth rate of 5 per cent.
IMF World Economic Outlook, September 2006
The International Monetary Fund published its World Economic Outlook September 2006 on 14 September. In the report the IMF raised its forecast for global economic growth while warning that inflation, oil prices and the U.S. housing slowdown threaten the…
Russian central banker died with job unfinished
According to this article from Reuters published Thursday 14 September, Russia has lost a crusading reformer with the death of Andrei Kozlov, who made a promising start to cleaning up Russia's banking system.
Russia's central bank deputy shot dead
Andrei Kozlov, the central bank of Russia's first deputy chairman, died in hospital hours after he was shot on Wednesday 13 September.
China plans national financial regulator
China plans to set up an agency to link regulatory efforts by the central bank, market watchdogs and other monitors, a deputy finance minister said Wednesday 13 September.
PBOC's Su says yuan flexibility to increase
China will continue to increase the flexibility of the yuan exchange rate and provide more derivative products to allow companies to hedge their currency risk, a vice-governor of the People's Bank of China said.
ECB alert to inflation danger - Trichet
European Central Bank president Jean-Claude Trichet said in an interview due for release on Friday 15 September that the ECB bank remains on the alert about euro zone inflation dangers.
Prime Tass to publish Russian central bank data
The Prime Tass economic news agency has won the right to publish and distribute the Central Bank of Russia's periodicals, the Bank's Public Relations Department reported on Tuesday 12 September, quoting a decision of the contest commission.
Reserve Bank of India - Annual Report 2005-2006
According to the Reserve Bank of India's Annual Report 2005-2006, inflation pressures remain as state-controlled local fuel prices have not kept pace with global crude prices.
Dallas' Rosenblum on inflation rate measure
In the speech 'The trimmed mean PCE inflation rate: A fitter, trimmer core measure' given on 10 September Harvey Rosenblum of the Federal Reserve Bank of Dallas said the Federal Reserve should move away from using inflation measures that exclude food and…
Sweden's Ingves on financial crises
In the speech 'Financial crises in an international perspective' given on 12 September Stefan Ingves of the Sveriges Riksbank said we do not need more regulation and supervision.
IMF's Rato on prospects for the world economy
In the speech 'Prospects for the world economy' given on 12 September Rodrigo de Rato of the IMF said large global current account imbalances continue to be a major concern for the outlook.
Paper on governance and the IMF
The Bank of Canada Working Paper "Governance and the IMF: Does the Fund Follow Corporate Best Practice?" identifies governance issues facing the International Monetary Fund that have remained largely ignored by the literature and policy-makers alike.
IMF Global Financial Stability Report, Sep 2006
The International Monetary Fund published its Global Financial Stability Report for September 2006 on 12 September. In the report the IMF warned that the risks of a global slowdown had increased due to higher interest rates, surging oil prices and an…
Afghan bank takes a gamble on success
According to this article published Wednesday 13 September on The Age's website, banking in Afghanistan is in a colourful class of its own, where entering the central bank on the wrong day can mean risking your life.
Tietmeyer may become 'God's banker'
According to the Catholic News website, Pope Benedict has sounded out former Bundesbank president Hans Tietmeyer for the key post as head of the Institute for Religious Works, better known as the Vatican Bank.
Market stable after rate hike, BOJ minutes show
Bank of Japan board members agreed in minutes released Wednesday 13 September that the money market had been stable after it raised interest rates in July for the first time in six years.
Minutes: Riksbank unanimous on Aug 29 rate hike
The minutes from the Riksbank's 29 Aug monetary meeting released Tuesday 12 September showed the board was unanimous in its decision to hike the repo rate 0.25 percentage points to 2.50 pct.
SF Fed's Yellen says rates may have to go up
Federal Reserve Bank of San Francisco President Janet Yellen reiterated Tuesday 12 September her concerns about inflation, and again said now is a time for policy makers to gauge how past interest-rate hikes are affecting the economy.
Mizuno says BOJ to gradually lift rates
Bank of Japan board member Atsushi Mizuno said in an interview published Wednesday 13 September policy makers remain committed to gradually raising interest rates even after recent signs of slower economic growth.
Comment on central banking
The Financial Times published three interesting articles on Tuesday and Wednesday 13 September, including a piece on the IMF by Rachel Lomax and Tiff Macklem.