Central Banking
ECB paper on interest rates and exchange rates
The ECB Working Paper "How does information affect the comovement between interest rates and exchange rates?" compares the link between exchange rates and interest rates under full information and two alternative asymmetric information approaches.
Another year awash in liquidity
As liquidity continues to mount amid deepening global imbalances, some members of the central bank community are calling for significant changes in the framework of monetary and regulatory policy. This article examines the proposals and the market…
SNB's Roth at the AGM
In a speech given on 28 April Jean-Pierre Roth of the Swiss National Bank said the economic recovery currently seen in Switzerland does not represent a threat to price stability.
Federal Reserve Bank of Chicago - Annual Report 05
Federal Reserve policy has attained one of the benefits often attributed to formal inflation guidelines: well-anchored inflationary expectations, Chicago Fed President Michael Moskow said in an essay in the bank's 2005 annual report.
Atlanta's Guynn says Fed journey ending
The Federal Reserve's journey to bring interest rates back to a more normal setting is almost complete, if the economy performs as expected in coming weeks and months, said Jack Guynn, the president of the Atlanta Federal Reserve on Monday 1 May.
Markets misunderstand testimony says Bernanke
Federal Reserve chairman Ben Bernanke believes that the media and the markets have misinterpreted his words last week as a signal that the Fed would stop after one more rate hike, according to CNBC anchor Maria Bartiromo on Monday 1 May.
Fed's Moskow says inflation contained
Chicago Federal Reserve President Michael Moskow on Monday 1 May said in an interview that core inflation is currently contained, but is at the high end of his "comfort zone," and at the top of his list of worries about the economy.
Interview with IMF's Wanda Tseng
Wanda Tseng, deputy director at the IMF's Asia and Pacific department, said on Tuesday 2 May that China's decision to raise interest rates for the first time in 18 months is welcome but the country needs to let its currency move more freely.
Comment: April in review
April was a particularly eventful month for the International Monetary Fund. The Fund concluded it "spring meeting" in Washington and published new editions of the Global Financial Stability Report and the World Economic Outlook.
Central Bank of Brazil - Annual Report 2004
According to the Central Bank of Brazil's Annual Report 2004, the Brazilian economy turned in excellent results in 2004.
Bernanke delivers 'There may come a time' speech
According to this article published on Friday 28 April , Fed chairman Ben Bernanke has given his version of Greenspan's "there may come a time" speech, suggesting the Fed could pause in its campaign to raise rates.
Norway contributes to UN principles on investments
Norges Bank published the document "Principles for Responsible Investment" on Thursday 27 April. The principles were developed by an international group of major institutional investors, on the basis of an initiative by the UN.
IMF's Krueger announces intention to leave
Anne Krueger, First Deputy Managing Director of the International Monetary Fund, has informed Managing Director Rodrigo de Rato of her intention to leave the Fund at end of her term, which expires on 31 August.
Fed's Bies on enterprise risk management
In the speech 'A bank supervisor's perspective on enterprise risk management' given on 28 April Susan Schmidt Bies of the Federal Reserve said the fast growth in commercial real estate lending by U.S. banks could lead to problems somewhere down the road.
Fed's Kohn on business capital spending
In the speech 'Business capital spending' given on 27 April Donald Kohn of the Federal Reserve said solid business investment should prevent U.S. economic growth from easing too abruptly as the housing sector slows.
Bank of Canada Monetary Policy Report, Apr 2006
The Bank of Canada released its April 2006 Monetary Policy Report on 27 April. The latest report says the Canadian economy continues to grow at a solid pace, supported by robust global growth, firm commodity prices, and strong domestic demand.
RBA's Macfarlane on monetary policy & the media
In a transcript from a radio report on Friday 28 April, Reserve Bank of Australia governor Ian Macfarlane pondered why the Australian media covered interest rate moves much more than either the US or UK media. He also recounted a 'near-death' experience…
Kyrgyz's Sarbanov acted in 'interests of state'
Ulan Sarbanov, the former governor of the National Bank of the Kyrgyz Republic, was acquitted in court on Wednesday 26 April, along with four other ex-finance officials.
Sao Tome's central bank governor to return
Officials have been quoted as saying that the former prime minister of Sao Tome and Principe, Maria do Carmo Silveira, is to return to her role as governor of the country's central bank, once the new government has taken office.
China's economy 'overheating a little bit'
People's Bank of China governor Zhou Xiaochuan said on Friday 28 April that the increase in the official Chinese benchmark lending rate is intended to rein in growth as the economy is "overheating a little bit".
ECB's Garganas says more rate hikes possible
European Central Bank Governing Council member Nicholas Garganas said on Thursday 27 April that more interest rate rises are probably on the way, with the timing dependant on economic growth and inflation developments.
Economic vs. Monetary Union
At a meeting at the London School of Economics Friday 28 April on the Legal Foundations on International Monetary Stability discussions focussed on the divergence between Europe's successful monetary union, and its stalled economic union.
Croatian National Bank - Annual Report 2004
According to the Croatian National Bank's Annual Report 2004, in 2004 Croatia experienced somewhat slower economic growth than in the preceding two years. At the same time, the country made progress in reducing external imbalances, and inflation remained…
Hamas appeals to banks to help end funding crisis
According to this article published on Wednesday 26 April, officials say the Palestinian economy could quickly collapse. The independent Palestine Monetary Authority is holding talks with the central banks of Egypt and Jordan to find a way out, it says.