Central Banking
Issing: ECB will act if inflation 'out of control'
European Central Bank chief economist Otmar Issing said in an interview that the ECB will not hesitate to raise interest rates if medium-term inflation pressures increase.
Iwata says deflation easing but no policy move yet
Bank of Japan Deputy Governor Kazumasa Iwata said on Tuesday 18 October that although the economy is emerging from deflation, the BOJ will maintain its ultra-loose monetary policy for now.
Fed's Lacker undecided on credit product boom
An explosion in the range of credit products available to Americans creates benefits for the economy but also creates risks for financially inexperienced borrowers, Richmond Fed chief Jeffrey Lacker said on Monday 17 October.
Comment: Oil's well that ends well?
In an increasingly integrated world, the economic fortunes of other countries and the health of the global economy weigh heavily on the minds of domestic policymakers. One of the most important "external" issues for monetary policymakers to deal with is…
Deutsche Bundesbank Monthly Report, September 2005
The Deutsche Bundesbank published the English version of its September 2005 Monthly Report on 17 October. The Bundesbank said German banks look set to improve their profits further in 2005.
Monetary policy & asset prices: To respond or not?
This Working Paper investigates whether there is a case for asset prices in interest rates rules within a small econometric model of the Norwegian economy.
BOJ's Muto on the dynamism and diversity of Asia
In the speech 'Dynamism and diversity of Asia: A central banker's view' given on 17 October Toshiro Muto of the Bank of Japan said Asian economies are stronger today even with record high oil prices compared with the 1970s when they were hit by the last…
Gonzalez-Paramo on the Stability and Growth Pact
In the speech 'The reform of the Stability and Growth Pact: an assessment' given on 13 October Jose Manuel Gonzalez-Paramo of the ECB said in EMU, fiscal rules are needed to ensure stability, growth and cohesion in the euro area.
G-20 statement following meeting in China
Finance ministers and central bank governors from the G-20 industrial and emerging economies issued a statement on Sunday 16 October after their two-day meeting in the city of Xianghe, south of Beijing, China.
Bank of England deputy governor to step down
The Bank of England announced of Monday 17 October that Sir Andrew Large, Deputy Governor for Financial Stability, is to leave the Bank almost two years early in January next year.
China to introduce intl accounting standards
China will gradually introduce international accounting standard into the state-owned commercial bank sector to encourage ongoing banking reforms, the People's Bank of China said in a statement on its website.
BOJ minutes show support for liquidity cut
Two Bank of Japan Policy Board members suggested that they may support the lowering of the current account balance target in the future, according to minutes released Monday 17 October.
ECB rates still appropriate according to Trichet
ECB President Jean-Claude Trichet said on Sunday 16 October that European Central Bank interest rates were "still appropriate" and that second-round inflationary pressures from oil prices had not developed so far.
RBZ among most disorganised central banks - report
Business Monitor International (BMI) has published a report which raises concern at the high-level of political interference in the operations of the Reserve Bank of Zimbabwe.
Comment: An unexpected change at the BoE
The Bank of England (BoE) on Monday somewhat unexpectedly announced that deputy governor for financial stability, Sir Andrew Large, would be leaving the Bank at the end of the year.
BIS appoints Daniel Lefort as General Counsel
The Board of Directors of the Bank for International Settlements announced the appointment of Daniel Lefort as General Counsel on Tuesday.
Quiz on the Nobel Prize for Economics
Test your knowledge of the Nobel Prize for Economics with this five question quiz. Q1. How many women have won the Nobel Prize for Economics since 1969?
IMF chief congratulates Ingves
Rodrigo de Rato, the Managing Director of the International Monetary Fund, congratulated Stefan Ingves on Tuesday 11 October, currently Director of the IMF's Monetary and Financial Systems Department (MFD), for his appointment as Governor of Sveriges…
Riksbank's Bergstrom decides to step down
Sveriges Riksbank deputy governor Villy Bergstrom announced on Tuesday 11 October his decision to step down, saying his time at the Bank has been the best of his working life.
Riksbank Council on Bergstrom's decision
The Riksbank's General Council thanked Villy Bergstrom for his work at the Riksbank, saying he has played an important part to explain and anchor the Riksbank's role and position in society.
Greenspan's driving ambition
Alan Greenspan's wife revealed this week that the Federal Reserve chairman hasn't driven a car for 18 years.
Central banker named Cricket World Cup director
The West Indies Cricket Board has appointed four new directors to its wholly-owned subsidiary ICC Cricket World Cup West Indies 2007.
Feldstein for the Fed?
While Harvard University economist Martin Feldstein may have the best credentials to succeed Alan Greenspan as Federal Reserve chairman, this article published on Tuesday 11 October notes that he may also have the biggest liabilities.
Somalia's sacked central banker wants job back
Somalia's sacked central bank governor, Dr Mohamud Mohamed Ulusow, has called for international pressure to be put on the transitional government to give him back his job.