Central Banking
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.
Brazil to keep building reserves - Meirelles
Brazil's central bank will keep buying U.S. dollars in the currency market in a bid to build up international reserves, central bank President Henrique Meirelles told reporters.
UAE, Qatar may buy euros for reserves
The United Arab Emirates and Qatar said they may buy euros with some of their combined $30 billion of foreign exchange.
Chinese official calls for cut in debt holding
China should stop buying U.S. Treasuries and take measures to reduce its holdings in those bonds, a Hong Kong newspaper on Tuesday 4 April quoted a high-ranking Chinese official as saying.
Central Bank of Jordan - Annual Report 2004
According to the Central Bank of Jordan's Annual Report 2004, the Jordanian economy achieved a remarkable performance in 2004, which has not been witnessed since 1992.
India's central bank is prudent, not miserly
According to this article published on Thursday 30 March, Reserve Bank of India governor Y.V. Reddy is perfectly capable of communicating to the market what he may or may not do, without the intervention of the finance minister.
Tumpel-Gugerell on Central Counterparty Clearing
In the speech 'Issues related to Central Counterparty Clearing' given on 3 April Gertrude Tumpel-Gugerell of the ECB said the ECB's track record of containing inflation means that it does not have to hike interest rates aggressively when new inflation…
Poole on the role of Federal Reserve Banks
In the speech 'The role of Federal Reserve Banks in the Federal Reserve System' given on 30 March William Poole of the Federal Reserve Bank of St. Louis said as for the FOMC meetings themselves, the mystique created by the media is a tad overblown.
ECB's Trichet on EMU and the euro
In the speech 'EMU and the euro: successes and challenges' given on 30 March Jean-Claude Trichet of the ECB said euro zone interest rates are expected to remain at historically low levels for a long period.
Philly Fed chief Santomero departs
According to this article published on Friday 31 March, Philadelphia Federal Reserve Bank president Anthony Santomero steps down during a phase of unusually high turnover at the U.S. central bank.
Comment: The US housing puzzle
A new NBER working paper finds that there is "little evidence" of housing bubbles in the US. The authors argue that even in the highest-price cities, housing is perhaps only slightly more expensive than average.
TrygVesta appoints Nyboe Andersen deputy chairman
TrygVesta AS has appointed former Danmarks Nationalbank governor, Bodil Nyboe Andersen, as the new deputy chairman of the insurance group.
Launch of spot USD/HKD fixing
The Treasury Markets Association (TMA) announced Monday 3 April that the Spot USD/HKD Fixing would be formally launched on 6 April 2006, the Hong Kong Monetary Authority said in a press release.
HKMA pay review 2006
The Hong Kong Monetary Authority (HKMA) announced on Friday 31 March the result of the annual pay review for staff of the HKMA in 2006.
MPC inaction undermines need for meetings
This article, published on Monday 3 April, looks at recent comments by a member of the Bank of England's MPC, for the first time, which publicly question the need for monthly meetings of the interest rate setting committee.