Central Banking
US monetary policy
The course of U.S. monetary policy is "appropriate" and the country's rate of economic growth should slow in the second half of the year, International Monetary Fund Managing Director Rodrigo Rato said in Madrid.
Israel's Fischer on The Paris Club at Fifty
In the speech 'The Paris Club at Fifty' given on 14 June Stanley Fischer of the Bank of Israel said the Paris Club has become concerned that countries that have received debt relief are borrowing heavily from other official lenders, who are not members…
Korea's Seong-Tae Lee on monetary policy
In the speech 'Monetary policy in an environment of low inflation' given on 16 June Seong-Tae Lee of the Bank of Korea said the emergence of global low inflation is of course a welcome phenomenon for central banks, for whom price stability is the top…
Portugal's Constancio on finance and regulation
In the speech 'Finance and regulation' given on 26 May Vitor Constancio of the Bank of Portugal addressed the issue of the role that Central Banks should have in relation to financial stability, even when they don't have the responsibility for…
BIS Annual Report 2005/2006
According to the Bank for International Settlements Annual Report 2005/2006, central banks need to continue raising interest rates to deal with rising inflation pressures and threats from global current account imbalances.
Knight at the BIS Annual General Meeting
In a speech given on 26 June Malcolm Knight of the BIS said central banks may need to hike interest rates more aggressively in future if inflation picks up.
Book planned on history of the Riksbank
The Executive Board of Sweden's Riksbank has decided to produce a book on the history of the Riksbank, aimed at those interested in society and history. The book is expected to be ready at the end of 2008.
ECB keeping rate options open says Quaden
The European Central Bank is not ruling out the possibility of an interest rate hike in early August, ECB governing council member Guy Quaden was quoted as saying in an interview published Monday 26 June.
PBOC's Zhou sees 10% economic growth
China's economy will expand at least 10 pct in the second quarter and in full year 2006, despite measures designed to cool the economy, the Wall Street Journal cited People's Bank of China Governor Zhou Xiaochuan as saying.
BIS Board of Directors elects three new members
The Board of Directors of the BIS announced Monday 26 June the election of three additional central bank Governors as members of the Board of Directors of the BIS.
Donald Kohn appointed Chairman of the CGFS
At their meeting in Basel this weekend, the Governors of the central banks of the Group of Ten (G10) countries appointed Donald L Kohn as Chairman of the Committee on the Global Financial System (CGFS).
David Walton
This Obituary, published Friday 23 June, says that David Walton was a tough-minded economist who capped a brilliant City career with a seat on the Bank of England's Monetary Policy Committee.
Bernanke tops Greenspan as market mover
This article from CNN Money, published Thursday 22 June, reports that a new study reveals that new Fed chief Ben Bernanke has provoked more movement than his predecessor, accounting for 27 basis points of variation in two-year yields.
Comment: Wanted: experienced US central banker
The perception of a "Fed in flux" has been strengthened by the departure of two more senior officials. With the unprecedented rate of turnover in personnel, the Fed now appears somewhat short of experience. Chairman Ben Bernanke's job could be made…
National Bank of Georgia - Annual Report 2004
According to the National Bank of Georgia's Annual Report 2004, the high inflationary pressure in the reporting period was unprecedented both from aggregate demand and aggregate supply sides.
HKMA's Choi on the debt market of Hong Kong
In the speech 'The debt market of Hong Kong - What can we offer to investors?' given on 13 June Y.K. Choi of the Hong Kong Monetary Authority said there are a few fundamental factors which make Hong Kong an ideal place for the bond market.
HKMA's Yam on East Asian financial markets
In the speech 'East Asian financial markets - The next frontier' given on 22 June Joseph Yam of the Hong Kong Monetary Authority said the successful experience of Asian Bond Fund has laid a strong foundation for enhanced regional cooperation by central…
Danmarks Nationalbank, Monetary Review 2nd Q 2006
The Danmarks Nationalbank's Monetary Review for the Second Quarter 2006, published 20 June, contains five articles: Recent economic and monetary trends, The sustainability of the low long-term bond yields, The Dutch economy over the last decade, Why have…
'The Region' from the Minneapolis Fed, June 2006
The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for June 2006. The latest edition includes an interview with Stanford economist, John B. Taylor, on inflation targets, exchange rates and the eponymous rule.
Comment: Vacant BoE MPC seats
Following the sad and unexpected news of the death of David Walton, a member of the Bank of England's Monetary Policy Committee, the British Treasury has yet another appointment to make.
China can convert part of FX to gold - report
Two central bank officials suggested China can convert part of its foreign exchange reserves to gold holdings to head off risks from the depreciation of the US dollar, China's state media reported.
Study says markets on Fed's wavelength
According to a recent study by the Federal Reserve Bank of Cleveland, better communication by the U.S. central bank has dramatically cut mistakes by markets betting on future interest rate moves.
Dallas Fed study says Mexico financially sound
A study by the Federal Reserve Bank of Dallas has found that Mexico is in sound financial shape and should maintain economic stability through its upcoming presidential election.
The IMF's balance-sheet and credit risk
The authors of this Bank of Canada Working Paper examine the characteristics of International Monetary Fund (IMF) lending from the 1960s to 2005. They find that there has been an increase in portfolio concentration and that lending terms have effectively…