Central Banking
Interview with PBOC's Xiang Junbo
In a recent interview People's Bank of China deputy governor, Xiang Junbo, said the central bank has been undergoing institutional changes. The establishment of the PBOC Shanghai Head Office is an important step to improve the central bank system and to…
Bernanke steps into Greenspan's shoes
Although Ben Bernanke was nominated as Fed chairman this week, he has shown in the past that he isn't a fan of the conservative dress code favoured by central bankers. Bernanke surprised George W Bush by wearing a pair of tan socks with a dark suit to a…
Central bankers welcome Fed nominee
Following Ben Bernanke's nomination to succeed Alan Greenspan as chairman of the Federal Reserve, central bankers were out in force this week to welcome the move.
Interview with RBI governor YV Reddy
In an interview published on Wednesday 26 October, Reserve Bank of India governor Yaga Venugopal Reddy said baby steps are the fashion of the day. Nowadays, in monetary policy, no one takes big steps.
Interview with Ben Bernanke
In an interview published on Tuesday 25 October, but conducted before his nomination to the Fed, Ben Bernanke said that there was so far little reason to fear that the sharp rise in energy prices would feed through into wider inflation.
Gjedrem on risk & growth in the financial industry
In the speech 'Risk and growth in the financial industry' given on 27 October Svein Gjedrem of Norges Bank said given the current picture, a sharp increase in bank losses is not likely in the near future.
IMF Paper on international reserves
The IMF Working Paper "International reserves: Precautionary vs. mercantilist views, theory, and evidence" compares the importance of precautionary and mercantilist motives in the hoarding of international reserves by developing countries.
Reserve Bank of New Zealand Annual Report 04-05
The Reserve Bank of New Zealand released its 2004-2005 Annual Report on Friday. RBNZ governor Alan Bollard said many of the achievements in the Annual Report in 2004-2005 were firsts for the Bank.
Bernanke needs tips from Ian Macfarlane
According to this article published on Wednesday 26 October, President George W. Bush has passed up the chance to put a decent central banker in charge of the Federal Reserve Board. Big Mac is well known in Washington - a central banker's central banker,…
Greenspan at the Dallas Fed Branch dedication
In a speech given on 27 October Alan Greenspan of the Federal Reserve said while Mike Kelley served on the Board, he was keenly interested in a wide range of issues that spanned the gamut of what the Federal Reserve does.
Serdengecti: Hot money flows no threat to Turkey
Turkey's central bank governor is "not scared" of hot money flows to the country, the governor of the central bank, Sureyya Serdengecti said in London on Thursday 27 October.
Uzbekistan freezes currency convertibility- report
The Uzbek authorities have suspended the convertibility of the national currency for current-account transactions in order to curb rising inflation, the Kazakh newspaper Delovaya Nedelya reported on 28 October.
Berlusconi suggests new mandate for ECB
Italian Prime Minister Silvio Berlusconi said on Thursday 27 October that he had suggested to fellow European Union leaders the idea of changing the European Central Bank's mandate because inflation no longer represented a problem for the eurozone.
Wellink sees increased inflation concern for ECB
European Central Bank council member Nout Wellink said in an interview that the bank is ``increasingly concerned about inflation,'' echoing comments by other ECB officials.
Fed pick Bernanke meets with Senators
Federal Reserve nominee Ben Bernanke began making courtesy calls on Thursday 27 October with senators who will determine his nomination's fate.
Comment: Turkey treads path towards EU
The decision by the European Union to open membership talks with Turkey earlier this month is "the end of a long beginning", according to the central bank governor, Sureyya Serdengecti. Nonetheless membership is hardly around the corner.
Legal aspects of European System of Central Banks
The European Central Bank published a book on Wednesday 26 October . The book contains a collection of articles on the European Union and the ESCB, the Eurosystem, monetary law, central bank independence and central bank statutes as well as on financial…
Greenspan on the Council of Economic Advisers
In a speech given on 26 October Alan Greenspan of the Federal Reserve praised the advice provided to presidents by the Council of Economic Advisers.
Chicago Fed National Activity Index, September 05
The Chicago Fed National Activity Index for September 2005 was -0.71 down from -0.09 in August. Two of the four broad categories of indicators that make up the index - production and employment - made negative contributions.
Federal Reserve Bulletin, Summer 2005
According to the Federal Reserve's Bulletin for Summer 2005, the U.S. economy continued to expand at a solid pace over the first half of 2005 despite the restraint imposed on aggregate demand by a further rise in crude oil prices.
Gjedrem on Norway and the UK
In the speech 'Norway and the UK' given on 26 October Svein Gjedrem of Norges Bank said that inspired by the Bank of England, Norges Bank last year finalised a large project on historical monetary statistics for Norway, spanning 500 years of price…
RBNZ increases OCR to 7 per cent
The Reserve Bank of New Zealand increased the Official Cash Rate (OCR) by 25 basis points to 7.00 per cent on Thursday. RBNZ governor Alan Bollard said medium term inflation risks remain strong.
Rato: Economic impact of oil may not remain benign
IMF managing director Rodrigo Rato said in an article that there is a risk that the economic impact of high oil prices may not continue to be as benign as it has been up to now.
RBI's Reddy sees demand pressure build up
Reserve Bank of India governor Yaga Venugopal Reddy said on Wednesday 26 October that price pressures were building up in the country which is expected to grow 7.0-7.5 percent by March 2006.