Central Banking
Central Bank of Trinidad and Tobago - Ann Rep 2004
2003-2004 saw the Bank take further steps to improve the efficiency of monetary policy through a phased reduction in the reserve requirement, according to the Central Bank of Trinidad and Tobago's Annual Report 2004.
Third Euro-Mediterranean central bank seminar
The third Euro-Mediterranean seminar, which brings together Eurosystem and non-euro area Mediterranean central banks, was jointly organised by the Bank of Greece and the European Central Bank and held in Nafplion on 25 January.
Report says Greenspan to set up consulting firm
Federal Reserve Chairman Alan Greenspan plans to establish a consulting firm called Greenspan Associates in Washington after he leaves the central bank at the end of the month, the Wall Street Journal reported on Thursday 26 January.
Hunt on for 'radioactive dollars' in Kazakhstan
Kazakhstan is currently hunting for dozens of "radioactive dollars" circulating in the country's financial system.
CBK says it won't devalue shilling
The Central Bank of Kenya has insisted it will not intervene in the market to devalue the strengthening shilling in the face of continued pressure from agricultural exporters.
China pledges further liberalisation of rates, FX
People's Bank of China governor, Zhou Xiaochuan, pledged on Thursday 26 January to liberalise China's interest rate and foreign exchange policy further as part of wider economic reform but said the moves would be gradual.
BoE's Gieve: Oil prices should not impact on rates
John Gieve, the new deputy governor of the Bank of England, on Thursday 26 January rejected suggestions that UK interest rates should rise simply because of very high energy costs.
Cheney praises Fed's 'superb' performance
US Vice President Dick Cheney said the White House has no argument with the way the Federal Reserve conducts monetary policy, but said Alan Greenspan advised him along time ago not to comment on Fed policy.
IMF paper: Vanishing contagion?
This IMF Paper, published January 2006, says that while a number of emerging market crises were characterized by widespread contagion during the 1990s, more recent crises have been mostly contained within national borders.
RBNZ holds OCR unchanged at 7.25 per cent
The Reserve Bank of New Zealand announced on Thursday 26 January that the Official Cash Rate (OCR) will remain unchanged at 7.25 per cent.
IMF's Rato names Director of External Relations
Rodrigo de Rato, Managing Director of the IMF, on Wednesday 25 January informed the 24-member Executive Board of his intention to name Mr. Masood Ahmed as Director of the IMF's External Relations Department.
Comment: The Old Lady's new deputy
The Bank of England's new deputy governor for financial stability, Sir John Gieve, appeared yesterday before the Treasury Committee of the House of Commons for his appointment hearing.
Bank interest rate pass-through in the euro area
The European Central Bank Working Paper 'Bank interest rate pass-through in the euro area: a cross country comparison' investigates the pass-through between market interest rates and bank interest rates in the euro area.
Fed's Fisher on process of creative destruction
In a speech given on 19 January Richard Fisher of the Federal Reserve Bank of Dallas said there is a dynamic tension in Japan today.
NY Fed's Geithner on global imbalances
In the speech 'Policy implications of global imbalances' given on 23 January Timothy Geithner of the Federal Reserve Bank of New York said the massive and growing U.S. current account deficit presents a threat to the world economy and an eventual…
Chicago Fed National Activity Index, December 05
The Chicago Fed National Activity Index for December 2005, published 25 January, was +0.08, down from +0.59 in November. Two of the four broad categories of indicators that make up the index made small positive contributions, and two made small negative…
Russia's Tulin set to leave central bank
Dmitry Tulin, a deputy chairman at the Central Bank of Russia, will leave his post on 1 February and join auditing company Deloitte and Touche.
Iran clarifies rumours on reserves shift, gold
Mohammad-Jaafar Mojarrad, Iran's central bank vice-governor, told the Financial Times on Tuesday that Tehran had withdrawn foreign reserves from Italian banks but not from other parts of Europe.
Bank of England voted 8-1 to hold rates
Minutes of the Bank of England's last Monetary Policy Committee meeting, released Wednesday 25 January, showed that only dovish Stephen Nickell wanted to lower UK interest rates a quarter-point.
BOJ minutes show reluctance for price target
According to minutes from the Bank of Japan board's December meeting released on Wednesday 25 January, some members of the BOJ's policy board felt it would be hard to set a desirable rate of inflation.
Z$50 000 bank note coming to Zimbabwe
Zimbabwe's inflation ravaged citizens will soon have a new Z$50 000 bank note to make shopping easier, central bank governor Gideon Gono announced on Tuesday 24 January.
Bini Smaghi calls for excess liquidity halt
Central banks must act in a timely way to halt excess liquidity, a senior European Central Bank official said in the advance release of a newspaper interview Wednesday 25 January.
Merrill Lynch hires former NY Fed chief
William McDonough, former president of the Federal Reserve Bank of New York, has joined Wall Street investment bank Merrill Lynch & Co. as vice chairman and special adviser to the chairman on business development, the company said Monday 23 January.
PBOC will make better use of yuan band
China intends to use of the yuan's six-month old trading band in a better way, rather than doing another one-off revaluation, a senior Chinese central banker said on Wednesday 25 Janaury.