Central Banking
Bank of England Inflation Report, August 2006
The Bank of England published its August 2006 Inflation Report on 9 August. In the report the Bank said its expected profile for growth and inflation over the next two years was higher than in May.
IMF paper on the management of oil wealth
The IMF Working Paper "Management of oil wealth under the permanent income hypothesis: The case of Sao Tome and Principe" documents the protracted process of shaping the rules governing oil operations in Sao Tome and Principe.
Buba paper on the diversification of German banks
The Bundesbank Discussion Paper "Does diversification improve the performance of German banks? Evidence from individual bank loan portfolios" investigates the link between banks' profitability (ROA) and their portfolio diversification across different…
Richmond's Lacker first to dissent under Bernanke
This article published Tuesday 8 August by Bloomberg notes that Federal Reserve Bank of Richmond president Jeffrey Lacker disagreed with the Fed's decision to forgo an interest-rate increase.
MAS committed to anti-money laundering efforts
The Monetary Authority of Singapore (MAS) has reiterated the country's commitment to the international efforts to fight against money laundering and terrorism funding, Channel NewsAsia report said Tuesday 8 August.
China to use ex rate for economic structure
The People's Bank of China said in its monetary policy report released Wednesday 9 August that it will use the exchange rate to adjust the nation's economic structure.
T&T's Williams warns on wage rises
Central Bank of Trinidad and Tobago governor Ewart Williams warned Tuesday 8 August that further salary increases would add to inflation pressure.
BOK governor warns of need for further tightening
Bank of Korea governor Lee Seong-tae said in a luncheon speech Tuesday 8 August that Korea should not be fettered by short-term growth figures.
Thailand acting to stem baht increase
Thai central bank governor Pridiyathorn Devakula said Wednesday 9 August the central bank has been acting to halt the baht's rise to prevent excessive strength in the currency from hurting exporters.
Zeti says guidelines for takaful operators soon
The guidelines set for takaful operators in Malaysia will be issued "soon," according to Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.
Is King readying his pen reluctantly or eagerly?
The UK press has jumped on the admission by Mervyn King that he might soon have to write a letter to the chancellor if inflation climbs above the 3% limit, but such a letter would not be the admission of failure that many imply.
The banking system in emerging economies
Drawing on contributions by senior central bank officials from emerging market economies and staff of the Bank for International Settlements, the BIS Papers "The banking system in emerging economies: how much progress has been made?" published 7 August…
Central Bank of Ireland - Annual Report 2005
According to the Central Bank & Financial Services Authority of Ireland's Annual Report 2005, the Irish economy continued to perform well last year.
Fundanga on the future of the Zambian economy
In the speech 'Future of the Zambian economy - a balanced look' given on 30 June Caleb M Fundanga of the Bank of Zambia said we see the future of the Zambian economy as one which is highly diversified through resuscitating the industrial base to enable…
Pakistan's Akhtar on economic outlook and prospect
In the speech 'Pakistan - economic outlook and prospects' given on 27 June Shamshad Akhtar of the State Bank of Pakistan said growth prospects for Pakistan are fairly promising.
How Greenspan gave Stevens a master class
According to this article, published Tuesday 8 August by The Australian, the elevation of Glenn Stevens to governor of the Reserve Bank of Australia barely raised a ripple on Wall Street.
A contrasting tale of two central bankers
According to the article "From Poland to Japan: a contrasting tale of two central bankers" from The Japan Times, published Monday 7 August, Poland's new leaders look set to concentrate the entire spectrum of financial supervisory powers in the prime…
SARB's Guma reappointed deputy governor
South African President Thabo Mbeki has reappointed Xolile Guma to serve as deputy governor of the central bank for another five years, the South African Reserve Bank (SARB) said on Monday 7 August.
Thailand to keep rates steady
The Bank of Thailand will probably keep its benchmark interest rate on hold for the rest of the year after borrowing costs quadrupled since August 2004, the central bank governor told Bloomberg in an interview on Monday 7 August.
Paulson to meet with Chinese officials
US Treasury Secretary Henry Paulson expects to meet Chinese economic officials sometime this fall, a Treasury spokesman said on Monday 7 August.
Bank of Uganda to manage oil revenues
According to this article published by The East African on Monday 7 August, Uganda is finalising the setting up of a Petroleum Fund to manage revenues expected from recently-discovered oil fields in the country.
Slovakia pledges 2009 for euro adoption
In an interview with the Financial Times, Slovakia's finance minister Jan Pociatek said, "It is my personal responsibility to follow the euro commitment," allaying fears that the new leftist government might delay the adoption of the single currency.
Albania's Fullani: Prevention rather than recovery
In the speech 'Prevent rather than recover' given on 24 July Ardian Fullani of the Bank of Albania said the concept of providing financial stability does not differ a lot from the logic of maintaining macroeconomic stability.
Swiss National Bank - Annual Report 2005
According to the Swiss National Bank's Annual Report 2005, at the beginning of the year, the Swiss economy showed signs of weakness.