Central Banking
Comment: Busy week for policymakers
This week is a busy one for monetary policymakers, with policy meetings taking place in Japan, the United Kingdom, Canada, Australia, New Zealand and Indonesia. Here is a brief look at what's been on the mind of central bankers in these countries.
Central Bank of the Philippines - Annual Report 04
According to the Central Bank of the Philippines Annual Report 2004, the Philippines' growth story in 2004 in more ways than one was remarkable.
Evolving perceptions of the European Central Bank
The New York Fed Staff Report "Establishing credibility: evolving perceptions of the European Central Bank" says the perceptions of a central bank's inflation aversion may reflect institutional structure or, more dynamically, the history of its policy…
Fed's Ferguson on the importance of education
In the speech 'The importance of education' given on 24 February Roger Ferguson of the Federal Reserve said an educated U.S. labour force is vital for economic health and prosperity.
Dollar fall to encourage central bank cooperation
In an interview published on Friday 3 March, John Nugee of State Street Global Advisors said the world's central banks are likely to start working more closely together as they try to manage the impact of an expected long-term decline in the value of the…
Interview with Minneapolis Fed's Gary Stern
In an interview with MarketWatch conducted on Friday 3 March, Minneapolis Fed president Gary Stern said he supports a formal inflation target to "lock in" current good policy practices, but he doesn't see any urgency in making changes. Stern also gave an…
BIS Quarterly Review, March 2006
The Bank for International Settlements published its March 2006 Quarterly Review on Monday. A surge higher in the value of emerging market assets can be attributed to more than simply better economic fundamentals, the report said.
Ex-Buba Milow on govt gold grip
In Saturday's issue of Frankfurter Allgemeine Zeitung, the former Bundesbank branch office manager Christian Milow wrote at length about "The grip of the government on gold" ("Der Griff des Staates nach dem Gold").
ECB publication of an enhanced 'Blue Book'
The European Central Bank on Monday 6 March published a statistical addendum to the publication "Payment and securities settlement systems in the European Union and in the acceding countries" (known as the "Blue Book") incorporating 2004 data.
Kyrgyz Rep's Sarbanov 'temporarily discharged'
Kyrgyzstan's central bank chairman Ulan Sarbanov has been removed from office temporarily due to a legal suit filed against him.
Inflation risk explains rate hike - Trichet
Speaking to journalists on Monday 6 March, European Central Bank president Jean-Claude Trichet said the ECB raised rates last week because of an increase in inflation risks in recent months.
Comment: BoJ to end QE this week?
Friday's inflation data has added to feverish speculation that the Bank of Japan (BoJ) will end its "quantitative easing" policy later this week. However, the departure from its zero-interest rate policy is still months off and the question of the…
Fukui says BOJ at 'important phase'
The Bank of Japan is at an "important phase" in assessing whether core consumer prices are on a stable rising trend, Governor Toshihiko Fukui said Monday 6 March.
China won't cut dollar reserves - PBOC's Zhou
People's Bank of China governor Zhou Xiaochuan said in an interview that the country will not reduce its US dollar foreign exchange assets but intends to adjust the mix of its reserves.
National Bank of Poland - Annual Report 2004
According to the National Bank of Poland's Annual Report 2004, the NBP became still more open and transparent as an institution in 2004.
ECB statements and interest rate predictability
The DNB Working Paper "Is a word to the wise indeed enough? ECB statements and the predictability of interest rate decisions" shows that comments by euro area central bankers contain information on future ECB interest rate decisions, but that the…
Japan's debt straitjacket is out of style
Amid the euphoria over the end of deflation and a likely change in the Bank of Japan's policy, this recent article says it's easy to forget that Japan remains addicted to borrowed money.
Chicago Fed's Moskow on pension issues
In the speech 'The regional perspective on pension issues' given on 28 February Michael Moskow of the Federal Reserve Bank of Chicago said the restructuring of public pension plans could require painful tax hikes or cuts in government services in some…
Fed's Kohn on regulatory relief
In testimony 'Regulatory relief' given on 1 March Donald Kohn of the Federal Reserve said the Federal Reserve will continue to be "a strong and active supporter" of legislative efforts to provide regulatory relief in the banking sector.
PBOC official says 'no timetable' on controls
China has "no timetable" for further easing of its foreign exchange controls, a state news agency quoted a senior official as saying on Friday 3 March .
Greenspan: The $7 million dollar man
Top publishers are lining up to bid on the memoirs of former Federal Reserve Chairman Alan Greenspan - and the price tag could reach out-of- this-world proportions.
Sultanov elected speaker of Kyrgyz parliament
Former governor of the National Bank of the Kyrgyz Republic, Marat Sultanov, was elected Speaker of the Kyrgyz parliament on Thursday 2 March by a majority of 45 votes, Itar-Tass reported.
Fed's Olson calls for Gulf region creativity
Federal Reserve Board Governor Mark Olson said on Thursday2 March that banks in the storm-hit Gulf Coast region are going to have to come up with creative solutions in the effort to rebuild operations.
Yosano not sure to give view at BOJ meeting
Japanese economy and banking minister Kaoru Yosano said on Friday 3 March that the Bank of Japan should decide when to end its quantitative easing policy and that he wasn't sure if the government would give its view at the BOJ's upcoming meetings.