Central Banking
ECB 'permanently alert' says Trichet
European Central Bank president Jean-Claude Trichet said in an interview published Tuesday 27 June the ECB governing council is "permanently alert" and ready to act to counter inflation risks.
King, robed in red, given Cambridge's top honour
According to this article, Bank of England governor Mervyn King was due to receive Cambridge University's highest honour on Tuesday 27 June.
Fed confronts failure to comprehend
According to this article from Bloomberg published Tuesday 27 June, five months into the term of Ben Bernanke at the Fed he and his colleagues haven't figured out how to get financial markets to understand what they are trying to do with monetary policy.
RBA paper on optimal monetary policy
The RBA Discussion Paper "Optimal monetary policy with real-time signal extraction from the bond market" sets up a model where the central bank uses real-time data from the bond market together with standard macroeconomic indicators to estimate the…
IMF paper on impacts of non-adoption of the euro
The IMF Working Paper "Price impacts of non-adoption of the euro for small European countries" uses the Sjaastad model to analyze the price-making power of major currencies with regard to the prices of traded goods in small countries that have not…
SNB's Roth on transparency and communication
In the speech 'No news, good news - transparency and communication in monetary policy' given on 16 June Jean-Pierre Roth of the Swiss National Bank said central bank transparency yields economic benefits because it enhances monetary policy effectiveness…
Comment: Bold CBT holds its breath
After another emergency meeting over the weekend the Central Bank of Turkey has raised interest rates by 225 basis points (bp). This has taken interest rates to 17.25%, following an initial hike of 175 bp earlier this month. Will this bold move make any…
Garganas says ECB may aggressively raise rates
European Central Bank council member Nicholas Garganas said in an interview the bank is ready to accelerate the pace of interest-rate increases to counter higher inflation risks in the eurozone.
Costello hopes to harness Macfarlane talents
Treasurer Peter Costello has said he hopes outgoing Reserve Bank of Australia governor Ian Macfarlane will consider working with the government after he retires.
US monetary policy
The course of U.S. monetary policy is "appropriate" and the country's rate of economic growth should slow in the second half of the year, International Monetary Fund Managing Director Rodrigo Rato said in Madrid.
Israel's Fischer on The Paris Club at Fifty
In the speech 'The Paris Club at Fifty' given on 14 June Stanley Fischer of the Bank of Israel said the Paris Club has become concerned that countries that have received debt relief are borrowing heavily from other official lenders, who are not members…
Korea's Seong-Tae Lee on monetary policy
In the speech 'Monetary policy in an environment of low inflation' given on 16 June Seong-Tae Lee of the Bank of Korea said the emergence of global low inflation is of course a welcome phenomenon for central banks, for whom price stability is the top…
Portugal's Constancio on finance and regulation
In the speech 'Finance and regulation' given on 26 May Vitor Constancio of the Bank of Portugal addressed the issue of the role that Central Banks should have in relation to financial stability, even when they don't have the responsibility for…
BIS Annual Report 2005/2006
According to the Bank for International Settlements Annual Report 2005/2006, central banks need to continue raising interest rates to deal with rising inflation pressures and threats from global current account imbalances.
Knight at the BIS Annual General Meeting
In a speech given on 26 June Malcolm Knight of the BIS said central banks may need to hike interest rates more aggressively in future if inflation picks up.
Book planned on history of the Riksbank
The Executive Board of Sweden's Riksbank has decided to produce a book on the history of the Riksbank, aimed at those interested in society and history. The book is expected to be ready at the end of 2008.
ECB keeping rate options open says Quaden
The European Central Bank is not ruling out the possibility of an interest rate hike in early August, ECB governing council member Guy Quaden was quoted as saying in an interview published Monday 26 June.
PBOC's Zhou sees 10% economic growth
China's economy will expand at least 10 pct in the second quarter and in full year 2006, despite measures designed to cool the economy, the Wall Street Journal cited People's Bank of China Governor Zhou Xiaochuan as saying.
BIS Board of Directors elects three new members
The Board of Directors of the BIS announced Monday 26 June the election of three additional central bank Governors as members of the Board of Directors of the BIS.
Donald Kohn appointed Chairman of the CGFS
At their meeting in Basel this weekend, the Governors of the central banks of the Group of Ten (G10) countries appointed Donald L Kohn as Chairman of the Committee on the Global Financial System (CGFS).
David Walton
This Obituary, published Friday 23 June, says that David Walton was a tough-minded economist who capped a brilliant City career with a seat on the Bank of England's Monetary Policy Committee.
Bernanke tops Greenspan as market mover
This article from CNN Money, published Thursday 22 June, reports that a new study reveals that new Fed chief Ben Bernanke has provoked more movement than his predecessor, accounting for 27 basis points of variation in two-year yields.
Comment: Wanted: experienced US central banker
The perception of a "Fed in flux" has been strengthened by the departure of two more senior officials. With the unprecedented rate of turnover in personnel, the Fed now appears somewhat short of experience. Chairman Ben Bernanke's job could be made…
National Bank of Georgia - Annual Report 2004
According to the National Bank of Georgia's Annual Report 2004, the high inflationary pressure in the reporting period was unprecedented both from aggregate demand and aggregate supply sides.