Central Banking
India's fast-evolving economy tests central bank
According to this article from Reuters, published Thursday 2 November, the Reserve Bank of India needs to know how close the economy is to overheating if it wants to keep the lid on inflation.
Polls see BoE raising rates 0.25% next week
The Bank of England is set to raise rates by a quarter point next week according to two recent City polls.
IMF's Leipold says France can do better
Despite a positive assessment of France's economic performance and policies, the country "needs to do better" the IMF said.
Controlling inflation is immediate goal for India
India's finance minister said on Friday 3 November controlling inflation expectations was the government's immediate goal and it would use all fiscal and monetary measures to bring down inflation towards 4 percent.
RBA appoints head of payments policy
The Reserve Bank of Australia announced Friday 3 November the appointment of Ms Michele Bullock to the position of Head of Payments Policy Department.
Fed's Fisher says main goal is inflation control
Federal Reserve Bank of Dallas President Richard Fisher said Thursday 2 November that keeping inflation in check is the central bank's primary goal.
Iceland to strengthen foreign reserves
In recent months, the Ministry of Finance and Central Bank of Iceland have been engaged in discussions on strengthening the Central Banks foreign reserves, the central bank said Friday 3 November.
Bank of Ghana - Annual Report 2005
According to the Bank of Ghana's Annual Report 2005, from an overall growth rate of 3.7 per cent in 2000, higher growth rates of 5.2 per cent and 5.8 per cent were achieved in 2003 and 2004 respectively.
Mboweni on the South African bond market
In the speech 'Celebrating excellence in the South African bond market' given on 26 October Tito Mboweni of the South African Reserve Bank said South Africa's solid fundamentals support economic growth, but the country remains vulnerable to changes in…
IMF paper on integration of the securities market
The IMF Working Paper "Integration of the securities market infrastructure in the European Union: Policy and regulatory issues" examines the impact of ongoing cross-border integration of securities market infrastructure in the European Union.
Muto says BoJ monitoring corporate investment risk
Bank of Japan deputy governor Toshiro Muto told a parliamentary hearing on Thursday 2 November that the BoJ does not consider domestic corporate capital investment overheating now but will monitor it for upside risks to growth.
Can we bank on the Federal Reserve?
According to this article from the November 2006 edition of reason, Ben Bernanke, has big shoes to fill-and many possible hazards to sidestep. The article also contains interviews with several Fed watchers, including Milton Friedman, to assess the…
Fed's Bernanke on community development
In the speech 'Community development financial institutions: Promoting economic growth and opportunity' given on 1 November Ben Bernanke of the Federal Reserve said with the explosion of financial choices, consumers must continually sharpen their…
Norges Bank Inflation Report, November 2006
Norges Bank published its Third Inflation Report for November 2006 on Wednesday 1 November. Even after several years of robust growth in the domestic and global economy, underlying inflation remains low.
BoJ's Fukui says rate hike will be carefully timed
Bank of Japan governor Toshihiko Fukui said Thursday 2 November that the central bank will take monetary policy action "not too early or too late," for a second rate hike in the current gradual credit-tightening cycle.
Trichet maintains expectations of rate hike
Speaking at the post-meeting press conference on Thursday 2 November European Central Bank president Jean-Claude Trichet endorsed market expectations of a further ECB interest rate hike at its December meeting.
Acid blamed for crumbling German banknotes
German authorities revealed Thursday 2 November that more than 1,000 German banknotes have mysteriously disintegrated in recent months, possibly due to acid on the brittle notes.
Proposed bill gives govt powers over BOJ staff
The Democratic Party of Japan aims to revise the Bank of Japan Law so that the government can dismiss the BOJ governor and other executives if they cause distrust in central bank policy management, Jiji Press said.
Statistics bureau head joins PBOC committee
China's State Council has appointed Xie Fuzhan, the director of the National Bureau of Statistics (NBS) as a member of the central bank's monetary policy committee, the official China Securities Journal reported Thursday 2 November.
It's the imbalances, stupid
Rachel Lomax, a deputy governor of the Bank of England, dismissed suggestions that the International Monetary Fund had outlived its usefulness in a speech in London on Wednesday 1 November.
Goshev on central banking in Macedonia
In the speech 'Central banking in Macedonia - a brief review of the first 60 years' given on 20 October Petar Goshev of the National Bank of the Republic of Macedonia said today the central bank is a successful and modern institution, with a satisfactory…
National Bank of Ukraine - Annual Report 2005
According to the National Bank of Ukraine's Annual Report 2005, the reduction in the real GDP growth almost to one-fourth in 2005 was determined primarily by considerable structural transformations in the economy, as well as by dampening of the…
Chicago's Moskow on education & economic growth
In the speech 'Can higher education foster economic growth?' given on 30 October Michael Moskow of the Federal Reserve Bank of Chicago said there may be benefits to universities taking a more direct role in economic development in the United States.
Bond markets as conduits for capital flows
The IMF Working Paper "Bond markets as conduits for capital flows: How does Asia compare?" finds that Europe is more financially integrated than other regions, while Asia already seems to have made more progress on this front than Latin America and other…