Central Banking
Adams says Japan's deflation fight almost over
A senior U.S. Treasury official indicated on Wednesday 1 March that Japan has nearly beaten deflation, and China should allow its currency to be more flexible.
SARB's Mboweni blasts 'know-it-all' IMF
South African Reserve Bank governor, Tito Mboweni, slammed the IMF and World Bank on Tuesday 28 February for what he called their high handedness and know it all approach when dealing with developing countries.
Japan's LDP won't meddle with BOJ
One of Japan's ruling party lawmakers told Reuters on Wednesday 1 March that it is up to the Bank of Japan when it ends its ultra-easy policy so long as steps to contain bond yield spikes are in place.
Gold rally expected as central banks cut sales
Gold may rally in coming months as central banks reduce sales of bullion reserves, New York commodity researcher CPM Group said in its annual outlook report released Tuesday 28 February.
Comment: Presidential Fed nominations
When George W. Bush announces his nomination to replace departing vice chairman, Roger Ferguson, he will have chosen all seven members of the board of governors at the Fed. In doing so, he will join Ronald Reagan and Franklin Roosevelt as the only…
National Bank of Romania - Annual Report 2004
According to the National Bank of Romania's Annual Report 2004, Romania saw positive developments in key macroeconomic indicators.
Chicago Fed National Activity Index, January 06
The Chicago Fed National Activity Index for January 2005, published 23 February, was +0.27, down from +0.37 in December. Three of the four broad categories of indicators that make up the index made positive contributions, while the remaining category…
Wellink on regulators and the pension industry
In the speech 'How regulators contribute to a sustainable pension industry' given on 15 February Nout Wellink of the Netherlands Bank said the Dutch central bank has set up a working group looking at ways of making the country an attractive domicile for…
ECB's Trichet on EU and euro area enlargement
In the speech 'Looking at EU and euro area enlargement from a central banker's angle: the views of the ECB' given on 27 February Jean-Claude Trichet of the ECB said the 10 new EU member states need to show 'high vigilance' on inflation and cut their…
Bush's Board
George W. Bush is only the third president to appoint all seven members of the Board of Governors, notes this article published Monday. But how does he compare to his predecessors in terms of overall influence on the makeup of Fed leadership?
Bundesbank fights to shine in ECB's shadow
Germany's Bundesbank is battling to redefine its role in the new eurozone monetary order headed by the European Central Bank, according to this article published Friday.
PBOC official sees slow dollar reserves shift
The director of the People's Bank of China's research department said on Tuesday 28 February that although China is moving toward diversifying its reserves, anyone thinking the change would be quick was misunderstanding the process.
Japan's economy minister rejects target idea
Japan's economy minister rejected the idea of inflation targets on Tuesday 28 February , calling on the Bank of Japan to instead adopt a flexible approach.
BoEs Bean warns of energy cost risks
British businesses and consumers face the real risk of another spike up in energy costs, the Bank of England's chief economist was reported as saying.
Botswana to introduce formal inflation target
Botswana's central bank has introduced a formal inflation target of 3% - 6% for the coming three years, according to a statement released by the bank.
Comment: The ECB's 'structural flaw'
In a lecture at the London School of Economics this week, Charles Goodhart suggested that the criticism directed towards the ECB by politicians, is the result of a "structural flaw" in the way the central bank's inflation objective was defined.
IMF likely to raise Japan growth forecast
The International Monetary Fund will likely revise its forecast of 2.0 percent growth for Japan in 2006 "significantly" upwards, a senior IMF official said on Tuesday 28 February.
EurAsEC central bankers meet in Belarus
The XIVth session of EurAsEC Council of the heads of central banks was held in Minsk on Monday 27 February.
Central Bank of Russia - Annual Report 2004
According to the Central Bank of Russia's Annual Report 2004, the year 2004 was a good one for the Russian economy.
St Louis Fed's Poole on Fed communications
In the speech 'Fed communications' given on 24 February William Poole of the Federal Reserve Bank of St. Louis said FOMC statements could be made clearer by adopting more standard expressions and even by explicitly adopting the understanding that the Fed…
Fed's Bernanke on the benefits of price stability
In the speech 'The benefits of price stability' given on 24 February Ben Bernanke of the Federal Reserve said the Fed needs to keep inflation low to meet its other mandated goals of high employment and moderate long-term interest rates.
Want to save the euro? Bring back 12 currencies
According to this article published on Monday 27 February, reissuing the 12 national currencies that were replaced with the euro may be the only way to salvage something from an experiment that looks more like a failure with every month that passes.
Bank of Korea's tarnished image
According to this recent editorial, the Bank of Korea has dealt a staggering blow to its image as the issuer of legal tender by deciding to send 160,000 banknotes in its possession back to the print shop because they are suspected of printing defects.
BoE says payment covers all stolen notes
The Bank of England said on Friday 24 February that the £25 million payment made by Securitas on Wednesday covers all the stolen notes belonging to the central bank.