Central Banking
Dispute over Bundesbank board plans - report
A dispute has arisen between the German government and the governments of the individual German states over plans to reduce the management board of Deutsche Bundesbank, the German central bank, Die Welt reported.
Trichet says markets misread ECB rate stance
European Central Bank president Jean-Claude Trichet said Thursday 6 April that eurozone governments need to use the current economic upturn to cut their budget deficits faster.
Korea to get 3 new BOK board members
With new Bank of Korea Governor Lee Seong-tae showing himself to be somewhat more hawkish than his predecessor, this article published Thursday 6 April says that the focus has now shifted to three other appointments to be announced to the policy-making…
Central Bank of Iran - Annual Report 2004/05
According to the Central Bank of Iran's Annual Report 2004-2005, the Iranian economy kept its growth trend with a milder pace in the last year of the 3rd Plan.
Tetangco on transparency and communication
In the speech 'Transparency and communication in central banking' given on 17 March Amando Tetangco of the Central Bank of the Philippines said we at the BSP recognize that central banking and in particular, inflation targeting, is a public trust, much…
Devakula: Efficiency enhancements, risk management
In the speech 'Efficiency enhancements and risk management' given on 16 March M R Pridiyathorn Devakula of the Bank of Thailand said one cannot simply reduce risks by relying on risk management process alone.
Fed's Bernanke on financial education
In the speech 'Financial education and the National Jump$tart Coalition Survey' given on 5 April Ben Bernanke of the Federal Reserve said financial literacy for both the young and old is a topic of vital importance to the nation's economic future.
Richmond Fed's Lacker on the economic outlook
In the speech 'The economic outlook' given on 4 April Jeffrey Lacker of the Federal Reserve Bank of Richmond said the U.S. economy looks set for healthy gross domestic product growth of about 3.5 percent in 2006, despite some cooling in the housing…
Canada's Duguay on the conduct of monetary policy
In the speech 'The conduct of monetary policy: Dealing with changes in the terms of trade' given on 4 April Pierre Duguay of the Bank of Canada said interest rates may need to rise to control inflation.
Will India free the rupee?
According to this article published Tuesday 4 April, full convertibility of the rupee should give companies more access to foreign debt markets, cut delays in foreign exchange trades, and enhance foreign investor access to India's banks and debt market.
Should GCC states diversify reserves?
According to the article 'Should GCC states diversify reserves away from the US dollar?' published Tuesday 4 April, the discussion among GCC central banks about diversifying away from the US dollar comes at a time when the greenback has already devalued…
Central banks differ on RBI / MAS pact
The Reserve Bank of India and the Monetary Authority of Singapore have differences on many issues relating to the India-Singapore Comprehensive Economic Co-operation Agreement, the Business Standard newspaper reported Wednesday 5 April.
PBOC official says China not pursuing reserve rise
China is not deliberately pursuing expansion of its foreign exchange reserves or any particular level of reserves, a vice head of the central bank said in comments published on Wednesday 5 April.
Acting deputy governor appointed in Turkey
The Turkish government has appointed Cigdem Kose, general director of the central bank's markets department, as acting deputy governor after a vice governor retired, the bank said.
Feds Hoenig says 'close to where we need to be'
Interest rates are very close to appropriate levels after 15 straight meetings with quarter-point rate hikes, said Thomas Hoenig, the Kansas City Fed president.
Bank of Israel - Annual Report 2005
According to the Bank of Israel's Annual Report 2005, growth in GDP was 5.2 percent this year and was led by the business sector which grew by 6.6 percent.
Kenya: Inside the central bank
This article published Sunday 2 April says that the fact that central bank governors always find themselves in trouble with the establishment is not surprising, not when one considers the enormous powers bestowed on the office.
Interview with Afghanistan's Delawari
According to an interview with Central Bank of Afghanistan governor Noorullah Delawari, published Saturday 1 April, security risks in the country are a major obstacle to investment outside of aid plans.
Which model for the central bank?
According to this article published Monday 3 April, the question of which model the State Bank of Vietnam should adopt is being raised again.
Fed's Kroszner on central counterparty clearing
In the speech 'Central counterparty clearing: History, innovation, and regulation' given on 3 April Randall Kroszner of the Federal Reserve said in recent years, public policymakers have demonstrated growing interest and concern about the effectiveness…
Bank of Canada to upgrade $5 banknote
The Bank of Canada on Tuesday 4 April announced that it will issue a $5 note with upgraded security features beginning 15 November 2006 as part of its ongoing effort to improve the security of Canadian bank notes.
ECB's Trichet on central counterparty clearing
In the speech 'Issues related to central counterparty clearing' given on 4 April Jean-Claude Trichet of the ECB said market forces need a sound legal, regulatory and oversight basis to work efficiently.
Jersey co-operation with Qatar Central Bank
The Jersey Financial Services Commission and the Qatar Central Bank signed a Memorandum of Understanding on Friday 31 March.
Reserve Bank of Malawi seeks autonomy
The Reserve Bank of Malawi has proposed for the amendment of the Malawi constitution so that it can move to a semi-autonomous status.