Central Banking
Turkish PM says central bank fulfilling duties
Turkish Prime Minister Recep Tayyip Erdogan indicated in a speech that Turkey's central bank was fulfilling its tasks.
Comment: All eyes on Trichet
All but two of the 43 economists polled by Bloomberg recently expect the European Central Bank (ECB) to keep interest rates at 2.75% this week. All eyes will, however, be on the central bank's president, Jean-Claude Trichet, to see if he alludes to the…
Richmond Fed's Economic Quarterly, Spring 2006
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Spring 2006. The latest issue includes the article 'Implementation of optimal monetary policy'.
St Louis Fed's Regional Economist, July 2006
The Regional Economist, July 2006 edition, from the St Louis Fed includes the article "Inflation's economic cost: How large? How certain?" Central bankers believe that low inflation and long-term economic growth go hand in hand. The evidence about the…
Mboweni on the outlook for South Africa's economy
In the speech 'The outlook for the South African Economy in a period of uncertainty' given on 27 June Tito Mboweni of the South Africa Reserve Bank said that despite the recent turbulence in international markets, the SARB is of the view that growth…
SNB's Jordan on communication in monetary policy
In the speech 'Communication in monetary policy: Experiences of the Swiss National Bank' given on 24 June Thomas Jordan of the Swiss National Bank said central banks have become significantly more transparent about their goals and procedures over the…
Bank of Portugal sold 15 tonnes of gold recently
The Bank of Portugal said on Tuesday 4 July that it has sold 15 tonnes of gold from its reserves in the last few months.
Decoding Fed's statements requires experts
According to this article published Sunday 2 July, trying to decipher the Federal Reserve's policy statements can be like trying to understand hieroglyphics.
ANALYSIS: The irresistible rise of e-trading
Technological innovations are making electronic trading the method of choice - even in assets where floor-based trading looked set to dominate. Resisting technology can prove costly for the world's more established exchanges.
Former SARB deputy governor to advise Mboweni
The Reserve Bank of South Africa said Monday 3 July that governor Tito Mboweni has appointed former deputy governor Xolile Guma as his special adviser.
Sri Lanka's new governor to protect independence
Sri Lanka's newly appointed central bank governor said on Monday 3 July that he will promote the independence of the institution, which has come under fire in recent years.
China announces new appointment to PBOC
The BBC Monitoring Service on Tuesday 4 July reported the text of a report by official Chinese news agency Xinhua saying that China's State Council recently appointed Liu Shiyu as vice governor of the People's Bank of China.
Japanese cabinet minister backs BOJ rate hike
Japan's Economic and Fiscal Policy minister Kaoru Yosano told public broadcaster NHK conditions are being met for an imminent rate hike by the Bank of Japan.
UAE central bank set to enter the gold market
According to this article published Monday 3 July, the United Arab Emirates central bank will soon enter the gold market and also purchase euros as a diversification of the national currency reserves presently held in US dollars.
Central Bank of Jamaica - Annual Report 2005
According to the Central Bank of Jamaica's Annual Report 2005, the generally stable conditions that prevailed in 2004 were mirrored in the first half of 2005.
Riksbank united on rate increase, minutes show
The board of the Swedish Riksbank was unanimous in its 19 June decision to hike the repo rate by 25 basis points to 2.25 pct, according to the minutes of the monetary policy meeting published Monday 3 July.
Fed's 17th increase leaves India with no choice
According to this article published Monday 3 July by Bloomberg, the Reserve Bank of India cannot afford to skip another quarter-point increase in July, with the Federal Reserve boosting rates last week.
ECB paper on Japanese forex intervention
Based on a GARCH framework and change point detection, the ECB Working Paper "A structural break in the effects of Japanese foreign exchange intervention on yen/dollar exchange rate volatility" tests for a structural break in the effectiveness of…
International Journal of Central Banking, Jun 06
The June 2006 issue of the International Journal of Central Banking was published on Friday 30 June. The latest edition contains six articles including "Global bond portfolios and EMU".
Reserve Bank of New Zealand increase cash reserves
The Reserve Bank of New Zealand said on Friday 30 June it would increase the level of liquidity in the money market, but added that did not signal a change in monetary policy.
BIS' White on financial globalisation
In the speech 'Financial globalisation' given on 19 June William R White of the BIS said the globalisation of financial markets provides both enormous opportunities and enormous challenges.
Comment: Bernanke's ally
The nomination of Frederic Mishkin to fill one of the two vacant seats on the Fed's board of governors will bolster the chairman, Ben Bernanke, in his attempts to quantify the central bank's inflation objective and move towards a more rule-based monetary…
Have central banks sown the seeds of the next bust
In an article published Monday 3 July, Stephen Roach of Morgan Stanley says he is increasingly worried that history will not treat the recent record of central banking kindly.
Report says BOJ likely to start raising rates
The Bank of Japan is expected to start raising interest rates this month or next, a news report said Monday 3 June.