Central Banking
BoE's King sees near-term rise in inflation
Speaking before the Treasury Select Committee on Tuesday 28 March, Bank of England governor Mervyn King said that CPI inflation will likely rise above the 2 pct target over the short term.
China currency reserves top Japan's - report
China overtook Japan to become the world's largest holder of foreign-exchange reserves, the state-owned China Business News said, citing unidentified sources.
Comment: 'Impasse' over CBK governor's position
A spokesperson for the Central Bank of Kenya has told CentralBankNews that the current wrangling between the central bank and the government has reached "an impasse". The governor of the central bank, Andrew Mullei, has been charged with four counts of…
Former Mizuho executive may join BoJ board
The Japanese government plans to appoint Tadao Noda, a former deputy president of Mizuho Financial Group Inc. (8411.TO), as a new member of the Bank of Japan's Policy Board, Kyodo News reported, citing government sources.
West Africa seeks new central bank governor
Heads of state of eight west African countries met Monday 27 March to find a new head for the Central Bank of West African States and review progress in fighting a bird flu outbreak in the region.
Schilder on banks and the compliance challenge
In the speech 'Banks and the compliance challenge' given on 16 March Professor Arnold Schilder of the BCBS Accounting Task Force said compliance risk is becoming one of the major risks banks are facing.
Bank of Lithuania - Annual Report 2004
According to the Bank of Lithuania's Annual Report 2004, the year 2004 was marked by two important events: Lithuania became a member of NATO and the European Union.
Bernanke ponders his course
According to this article published on Thursday 23 March, the way ahead for the Fed's policy committee is less obvious now. The US central bank has a new captain, Ben Bernanke, several new crew members and an increasingly uncertain course to steer, it…
ECB paper on the effects of EMU
The ECB Working Paper "What effects is EMU having on the euro area and its member countries? An overview" published March 2006, addresses the effects of the European Economic and Monetary Union (EMU) since the introduction of the euro -- on economic and…
Philadelphia Fed Business Review, 1st Quarter 2006
The Federal Reserve Bank of Philadelphia has published its regular Business Review for the First Quarter 2006. The latest edition includes "A farewell from President Santomero" in which Anthony Santomero, who will step down on 31 March 2006, reflects on…
Sweden's Nyberg on financial reforms
In the speech 'Financial reforms and financial crises - Swedish experiences' given on 27 March Lars Nyberg of the Sveriges Riksbank said it is dangerous to use regulations to limit competition in the banking sector.
BoJ to stick to best policy timing - Fukui
Bank of Japan Governor Toshihiko Fukui said on Monday 27 March that the central bank will conduct monetary policy with the most appropriate timing and a delicate touch.
State Bank of Vietnam urged to modernise
The State Bank of Vietnam has not reached the levels of transparency and accountability required of a successful central bank, a State Bank official was quoted as saying by Vietnam News.
Comment: Trouble brews in Turkey
The political row over the appointment of a new governor for the Central Bank of Turkey threatens to disrupt to the country's financial markets. More fundamentally, the mere suggestion that whoever emerges from the episode as the next governor is a…
China should tap reserves to buy gold
A Bank of China official was quoted on Monday 27 March as saying that China should use part of its foreign exchange reserves to buy gold.
Turkey: Sezer rejects central bank candidate
Turkish Prime Minister Recep Tayyip Erdogan has said that President Ahmet Necdet Sezer did not ratify the government's candidate for the governorship of the Central Bank of Turkey.
CBK's Mullei 'replaced' as governor
Central Bank of Kenya governor Dr Andrew Mullei is to be replaced temporarily at the CBK by deputy governor Mrs Jecinter Mwatela who has been appointed acting governor.
Norges Bank's Conference on Monetary Policy 2006
The Norges Bank's conference on monetary policy 2006, which is held in connection with the publication of Norges Banks's Annual Report for 2005, will be held on 30 March.
Central Bank of Kuwait - Annual Report 04/05
According to the Central Bank of Kuwait's Annual Report 2004-2005, the fiscal year 2004/05 was fraught with domestic, regional and international developments and events.
ECB's Issing on the euro
In the speech 'The euro - a currency without a state' given on 24 March Otmar Issing of the ECB said the application of the revised EU stability pact rules to Germany will be the key test of whether the new pact is being applied rigorously.
Riksbank's Oberg on Sweden - low inflation economy
In the speech 'Sweden - a low inflation economy' given on 21 March Svante berg of the Sveriges Riksbank said the latest economic data doesn't significantly change the economic picture outlined by the Riksbank in its February inflation report.
Gold and foreign exchange reserves
According to the article "What percentage should gold in foreign exchange reserves be?" published Monday 20 March, currencies have a poor history and it is infinitely wise to protect against the worst possible eventuality.
Comment: Park Seung's term expires
Lee Seong-tae is likely to be confirmed as the new governor of the Bank of Korea next week. The incumbent governor, Park Seung, leaves the central bank calling for more independence from the government for his successor.
Money, sex, happiness come to the Bank of England
It was announced this week that David Blanchflower will replace Stephen Nickell on the Bank of England's Monetary Policy Committee from 1 June. This article published on Friday 24 March looks at a research paper Blanchflower co-authored.