Central Banking
China short-term gold additions unlikely - GFMS
The People's Bank of China is very unlikely to increase its gold reserves in the short-term but in the medium- to long-term there is "excellent scope" for gold purchases by the central bank, metals consultancy GFMS said on Wednesday12 April.
PBOC proposes new anti-money laundering rules
The People's Bank of China has proposed new anti-money laundering regulations aimed at the banking, insurance and securities sectors.
Philippines doesn't rule out rate hikes
The Philippines central bank isn't ready to stop increasing interest rates even though inflation has started to show an encouraging moderation, a central bank official told Dow Jones Newswires in an interview published on Wednesday 12 April.
Cyprus-Armenia sign central bank MOU
The central banks of Cyprus and Armenia on Thursday 13 April signed a memorandum of understanding (MOU) to boost cooperation in the banking sector.
Bank of Japan Monthly Report, April 2006
The Bank of Japan published the English version of its April 2006 monthly report on Thursday 13 April. In the report the BOJ left its positive assessment of the nation's economy unchanged, citing rising production and exports as well as a pickup in…
Forget ECB rows and secret pacts, it's the data
According to this article published Wednesday 12 April, although conspiracy theories abound to explain why the European Central Bank has dampened expectations of a May interest rate rise, the answer is simple - hard economic data.
Comment: BCCI case 'a farce'
According to the presiding judge, the case brought against the Bank of England by Deloitte, liquidators for the Bank of Credit and Commerce International (BCCI), was "a farce" which "had the capacity to damage the reputation of [the British] legal system…
More hefty gains in gold price ahead?
This article published on Thursday 13 April looks at the possibility of a further strong increase in the gold price. Among the key factors is a belief that central banks are becoming more friendly to gold, it says.
BCCI case was built on air - not even sand
Publication of the formal judgment on Wednesday 12 April finally brought to an end the BCCI litigation case against the Bank of England described as a myriad of "hopeless inconsistencies and implausibilities".
RBI seen taking a hard line on rates
According to this article published Thursday 13 April, the Reserve Bank of India's stand in January makes analysts believe it will keep its own counsel and raise rates again at its annual monetary statement on Tuesday.
Bank of Guyana - Annual Report 2004
According to the Bank of Guyana's Annual Report 2004, Real Gross Domestic Product (GDP) rebounded in 2004 with a growth of 1.6 percent after remaining relatively flat at the end of 2003.
Nijathaworn with some thoughts on IMF reform
In the speech 'Some thoughts on IMF reform on crisis prevention and crisis resolution' given on 28 February Bandid Nijathaworn of the Bank of Thailand said the challenge to IMF reform on crisis prevention and crisis resolution has many dimensions.
Danmarks Nationalbank in international comparison
The Danmarks Nationalbank Working Paper "Danmarks Nationalbank's operating costs and number of employees in an international comparison" benchmarks Danmarks Nationalbank against a number of other central banks with respect to operating costs and the…
Fed's Olson on compliance-risk management
In the speech 'Enterprise-wide compliance-risk management' given on 10 April Mark Olson of the Federal Reserve said banks and other financial services firms need to bolster their compliance and risk management activities by turning them into…
IMF Global Financial Stability Report, April 2006
The International Monetary Fund published its Global Financial Stability Report for April 2006 on 11 April. World financial markets have strengthened but cyclical challenges are emerging from the prospect of higher interest rates and an unwinding of…
ECB Monthly Bulletin, April 2006
The European Central Bank published its April 2006 Monthly Bulletin on Wednesday 12 April. In the report the ECB said euro zone countries with excessive fiscal deficits - such as Germany, France and Italy - need to cut public spending.
Fed policy makers behind closed doors
This article published on Wednesday 12 April looks at the recently published transcripts of minutes from the FOMC meetings in 2000. Behind the scenes, our central bankers and their advisers let their hair down a bit, it says.
Central bank on the rampage
According to this article on the Bank of Israel, corruption, concealment and deception have permeated an institution that is supposed to serve as a beacon of justice and ethics.
Greenspan says global imbalances can improve
Former Federal Reserve chief Alan Greenspan told a conference on Wednesday 12 April that global economic imbalances could improve if high-growth economies allowed their currencies to strengthen.
Forecasts pivotal given lags says Fed's Stern
Minneapolis Fed President Gary Stern said on Tuesday 11 April that economic forecasts are vital to the Federal Reserve's decision making because of the delay between policy moves and their economic impact.
Russia signs agreement on reserve management
The Central Bank of Russia is implementing treasury and asset management software from London-based Trema to support its reserve management operations.
BoJ's Fukui watching long-term rates closely
Bank of Japan governor Toshihiko Fukui voiced concern over rising long-term interest rates on Wednesday 12 April as data showed further evidence of a solid economic recovery.
Comment: The IMF's Global FSR
The IMF yesterday unveiled its latest Global Financial Stability Report at the Bank of England head office in London. "The near-term outlook is as good as it gets," Gerd Hausler, director of the IMF's capital markets unit, said at the press conference.
Reserve Bank of India - Annual Report 2004 - 2005
According to the Reserve Bank of India's Annual Report 2004-2005, India's macroeconomic performance in 2004-05 was heartening in the face of threats to growth from an unsatisfactory monsoon and upside risks to stability from high and volatile…