Central Banking
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.
Indra Nooyi elected to NY Fed Board of Directors
Indra Nooyi, president and chief financial officer of PepsiCo, Inc., was elected to the board of directors of the Federal Reserve Bank of New York on Thursday 23 March.
Mullei 'must vacate office' - attorney-general
Kenya's Attorney-General, Amos Wako, was quoted in a report by Kenyan Capital FM radio as saying that central bank governor Dr Andrew Mullei must vacate office pending the outcome of a case he is facing before the anti-corruption court for abuse of…
Estonia sees 'unlikely' January move to euro
The Bank of Estonia has concurred with economic forecasts by the Ministry of Finance that suggest higher than expected inflation will hamper Estonia's plans to join the euro zone in 2007.
Dollar risk not 'worrisome' says Bernanke
Federal Reserve chairman Ben Bernanke said in a 21 March letter that a possible decline in the dollar because of less foreign investment wouldn't have a "worrisome" effect on the U.S. economy.
Trichet praises ECB's courage on rates
European Central Bank president Jean-Claude Trichet said the ECB's "courageous" decision to maintain a low level of interest rates in recent years has meant a more marked slowdown in eurozone growth has been prevented and helped economic recovery.
Interview with Bank Indonesia's Gultom
In an interview published Friday 24 March, Bank Indonesia's senior deputy governor Miranda Gultom said the central bank plans to encourage an expansion of Islamic Shariah financing to boost the development of the country's small- and medium-sized…
Parliament to probe Poland's central bank
The Polish parliament voted on Friday 24 March to establish a panel to investigate decisions by the National Bank of Poland on foreign takeovers in the financial sector since communism fell.
Monetary Authority of Macau - Annual Report 2004
According to the Monetary Authority of Macau's Annual Report 2004, 2004 was a year of harvest in Macau, with its whole-year economic performance increased by an influx of visitors, strong gains in gaming receipts and increased private and public…
Inflation targeting and inflation expectations
The San Francisco Fed Working Paper "Does inflation targeting anchor long-run inflation expectations? Evidence from long-term bond yields in the U.S., U.K., and Sweden" published March 2006 investigates the extent to which inflation targeting helps…
Boston Fed's Minehan on the US economy
In a speech given on 20 March Cathy Minehan of the Federal Reserve Bank of Boston said the U.S. economy is likely to continue to grow solidly this year, despite risks of a slowdown in the housing sector and higher inflation.
An evaluation of World Economic Outlook forecasts
This IMF Working Paper, published March 2006, reviews the performance of its World Economic Outlook forecasts against both actual outcomes and alternative forecasts.