Central Banking
PBOC official says reforms are a long process
The reform and opening up of the country's financial industry will be a long, tough process but moving too quickly will only bring risks to the economy, a senior official of the People's Bank of China said in a speech.
Trichet says IMF representation progressing
European Central Bank president Jean-Claude Trichet has said the process of giving the ECB a higher profile in the IMF is going in the right direction, although he would prefer progress to be quicker.
Bank capital, asset prices and monetary policy
In this Bank of England Working Paper the authors study a general equilibrium model in which informational frictions impede entrepreneurs' ability to borrow and banks' ability to intermediate funds.
Inflation outbreaks unlikely says Fed's Poole
Outbreaks in inflation are unlikely, especially with recent readings suggesting that price pressures have reached a plateau, St. Louis Federal Reserve President William Poole on Thursday 31 August.
Balcerowicz says NBP's independence is at risk
National Bank of Poland governor Leszek Balcerowicz said in a television interview on Friday 1 September that the government poses an ``unprecedented'' threat to central bank independence.
Sushi and doughnuts have role in BOJ's mistake
According to this recent article from Bloomberg, the latest inflation data from Japan suggests the Bank of Japan has messed up - again.
ECB keeps rates steady
The European Central Bank left its benchmark interest rate unchanged at 3% as expected.
Brazil surprises with half-point cut
Brazil's central bank slashed its interest rates by a larger-than-expected 0.5% on Wednesday.
Fed seeks to reassure over housing slowdown
Overall rises in disposable income should offset a possible increase in the saving rate due to a softening housing market, Federal Reserve chairman, Ben Bernanke, said in a letter to a congresswoman released on Wednesday 30 August.
Indian rates may not rise-former governor
India's central bank may hold back on further interest rate hikes this year, according to a former Reserve Bank of India governor, Bimal Jalan.
Riksbank conference on central bank governance
Sweden's central bank is hosting an international research conference on governance in central banks.
Duguay on Canada's response to global changes
Canada has responded well to a dramatic change in its terms of trade, according to Pierre Duguay, a deputy governor of the Bank of Canada.
Barbados central bank on Basel II progress
Banks in Barbados are moving ahead with implementing the Advanced IRB guidelines in Basel II for 2012.
New external debt statistics released
The BIS, IMF, OECD and the World Bank have released improved debt statistics.
Sweden raises rates
Sweden's central bank raised it benchmark interest rate by 0.25% in a move anticipated by the market.
Fed minutes indicate a "close call"
Minutes of the Federal Open Market Committee showed a 9-1 vote on 8 August in favour of keeping interest rates on hold.
IMF boost for developing countries
China, South Korea, Turkey and Mexico seem set to win increases in their IMF quotas at the expense of some European countries.
Nigeria plans an oil investment fund
The Central Bank of Nigeria said it is working on a national investment fund that will manage a proportion of its external reserves.
Tunisia holds rates
Tunisian interest rates were unmoved after the monthly meeting of the central bank's executive board on Tuesday.
Bernanke's opening speech at Jackson Hole
A speech by Ben Bernanke notes that, as in the past, the social and political opposition to openness can be strong.
Stanley Fischer on the new economic powers
The governor of the Bank of Israel, Stanley Fischer, discusses the political and economic implications of the rise of Asian economies.
Reserve Bank of India's annual report
The Indian central bank released its annual report for 2005-2006 on 30 August 2006.
IMF on transparency and supervision in Africa
The IMF has published a new country report that looks at monetary and financial policy transparency in central Africa.
Iran unafraid of sanctions
Iran will be prepared for the economic consequences of UN sanctions, the governor of the country's central bank, Ebrahim Sheibani, said on Friday.