Central Banking
SARB's Quarterly Bulletin, March 2006
The South African Reserve Bank published its March 2006 Quarterly Bulletin on 23 March. According to the latest Bulletin, a relatively benign international economic environment contributed to the improved prospects facing the South African economy in…
BoJ's Nakahara warns of deflation return
A Bank of Japan policy board member warned on Thursday 23 March that the BoJ is unlikely to need to tighten credit soon and should instead watch for renewed deflation.
Bank of England's Lambert to leave MPC
Richard Lambert is to leave the Monetary Policy Committee of the Bank of England with immediate effect following his decision to accept a position that would represent a conflict of interest, the Bank said on Thursday 23 March.
Bank of Canada announces assignment for deputy
On behalf of the Board of Directors of the Bank of Canada, Governor David Dodge announced on Wednesday 22 March that Deputy Governor Sheryl Kennedy will be undertaking a short-term assignment as Senior Adviser to The Bank of Nova Scotia.
Leading Sepa expert joins Voca from ECB
Voca, the provider of payment services to banks and corporates, announced on Wednesday 22 March that it has appointed Erik Mansson as Director of European Business Development.
New BOK governor named
President Roh Moo-hyun on Thursday 23 March appointed Lee Seong-tae, deputy governor of the Bank of Korea (BOK), as the new governor, his office Cheong Wa Dae announced.
New Fed governors sworn in
Kevin M. Warsh and Randall S. Kroszner were formally sworn in as members of the Board of Governors of the Federal Reserve System at a ceremony Thursday 23 March in the atrium of the Board's main building in Washington.
Philadelphia Fed's Stone to attend FOMC meeting
The Philadelphia Federal Reserve Bank's second in command will participate in the US central bank's policy meeting next week, stepping in for retiring President Anthony Santomero, a spokeswoman said on Wednesday 22 March.
CBK governor charged with abuse of office
Central Bank of Kenya governor Dr Andrew Mullei was charged with four counts of abuse of office on Thursday 23 March.
CBN Comment on UK Budget
Three little-noticed items from the budget delivered March 22 by UK Chancellor of the Exchequer, Gordon Brown, will be of interest to central banks and market regulators.
Bank of Mongolia - Annual Report 2004
According to the Bank of Mongolia's Annual Report 2004, preliminary estimates of real economic growth showed 10.6 percent. Thus, the basis for the further successful development of Mongolia was established.
Inflation targeting arrangements in Asia
The SCAPE Working Paper "Inflation targeting arrangements in Asia: Exploring the role of the exchange rate" presents an analysis of some of the issues relevant to Asian central banks implementing an inflation targeting arrangement with specific focus on…
Bank of England Inflation Attitudes Survey, Feb 06
The Bank of England published its February 2006 Inflation Attitudes Survey on Monday. Inflation expectations in the UK have risen to levels not seen in over two years, the Survey said.
BoJ's Fukui on the conduct of monetary policy
In the speech 'New framework for the conduct of monetary policy: Toward achieving sustainable economic growth with price stability' given on 16 March Toshihiko Fukui of the Bank of Japan said monetary policy that is too accommodative could eventually…
BoE's Barker on cost pressures and UK inflation
In a speech given on 21 March Kate Barker of the Bank of England said the central bank should refrain from paring its benchmark interest rate as inflation accelerates.
RBNZ's Orr on financial stability in New Zealand
In the speech 'Towards a framework for promoting financial stability in New Zealand' given on 22 March Adrian Orr of the RBNZ said the financial system is critical to the future growth of the New Zealand economy.
Memorandum of Understanding on financial stability
HM Treasury, the Bank of England and the Financial Services Authority on Wednesday 22 March jointly published an updated Memorandum of Understanding for Financial Stability.
Bank of England voted 8-1 to hold rates
Bank of England policymakers voted 8-1 to leave UK interest rates unchanged at their most recent meeting. Stephen Nickell remained the only member of the Monetary Policy Committee to vote for a cut in the cost of borrowing in March, the minutes released…
Fazio could face extra charges - report
According to a report by Il Sole 24 Ore, Milan prosecutors have gathered together enough evidence to charge the former governor of Banca d'Italia, Antonio Fazio, with market-rigging.
Comment: The 'yield conundrum' revisited
Fed chairman, Ben Bernanke, made it clear in a speech earlier this week that he is no closer than his predecessor, Alan Greenspan, to making sense of the 'yield conundrum'.
Park Seung says BOK needs more independence
Outgoing Bank of Korea governor Park Seung said on Tuesday 21 March the central bank has gained a greater level of independence during his reign but more still needs to be done.
Argentine central bank to increase oversight
Argentina's central bank intends to step up oversight over foreign exchange trading, according to a report.
Canada may lower inflation target
David Dodge, governor of the Bank of Canada, said Tuesday 21 March that it could be time to lower the BoC's two percent inflation target.
Bernanke qualifies message in the yield curve
According to this article published Wednesday 22 March, Fed chairman Ben Bernanke would not have been pleased with the press reports which followed his address to the Economic Club of New York on Monday night.