Central Banking
King sees no bloc vote on MPC
The Bank of England's Monetary Policy Committee members do not vote as a bloc on interest rates, Bank of England Governor Mervyn King said on Thursday 17 November.
Russian central bank plans large job cuts
The Bank of Russia, the biggest employer among the world's central banks, will cut thousands of jobs in the coming year, a deputy chairman said on Friday 18 November.
Bernanke gives Fed an explicit inflation target
According to this article published Thursday 17 November, the Federal Reserve now has an explicit inflation target because incoming chairman Ben Bernanke has suggested a preference for a 1 to 2 percent rate.
Herve Hannoun appointed BIS Deputy General Manager
The Board of Directors of the Bank for International Settlements (BIS) have announced the appointment of Herve Hannoun as Deputy General Manager for a five-year term.
Zimbabwe's Gono probed over forex scam
Reserve Bank of Zimbabwe chief Gideon Gono has been pulled into a scandal in which Finance Minister Herbert Murerwa and chief government revenue collector, Gershem Pasi, are alleged to have swindled the state of millions of dollars in foreign currency.
Putin nominates Russia's Ignatyev for new term
Russian President Vladimir Putin has nominated Sergei Ignatyev for a second four-year term as Central Bank chairman, the presidential press service has said.
Trichet gives strong hint on ECB rate rise
Speaking at the Frankfurt European Banking Congress on Friday 18 November the president of the ECB provided a much more explicit hint than he has on the need for an imminent rise in eurozone interest rates.
Comment: Banking in the Caspian and Central Asia
The former USSR countries in the Caspian and Central Asia have been independent for nearly 15 years, but economic setbacks in the 1990s have meant that significant growth and development are fairly recent phenomena. We take a look at central banking and…
Canada's Dodge on economic & financial efficiency
In the speech 'Economic and financial efficiency: The importance of pension plans' given on 9 November David Dodge of the Bank of Canada said Canada must correct flaws in its pension system to encourage more risk-taking and boost the economy's potential…
Trichet on developing the work and tools of CEIOPS
In the speech 'Developing the work and tools of CEIOPS: the views of the ECB' given on 16 November Jean-Claude Trichet of the ECB warned that pension funds and insurers could be sources of vulnerabilities that could spread "contagion" in the wider…
BIS's Knight on central bank independence
In the speech 'Central bank independence - what role does it play in shaping Mexico's economy?' given on 15 November Malcolm Knight of the BIS said discusses the role of the Banco de Mexico's legal and governance arrangements in Mexico's post-crisis…
Comment: Monetary system 'fundamentally stable'
A clear division of opinion and sentiment about the prospects for the world economy came to the surface at a conference on Global Government Bonds that took place this week in Hong Kong.
UAE central bank to host financial conference
The UAE Central Bank will organise a regional conference between November 19 and 21 on "investigating and prosecuting advanced financial crimes", in collaboration with the US Department of Justice and Middle East North Africa Financial Action Task Force.
Tripartite protocol on banking supervision signed
Jean-Claude Trichet and Dr. Farouk El Okdah, governor of the Central Bank of Egypt, on 13 November signed a Tripartite Protocol to mark the start of a Eurosystem Technical Assistance Programme on Banking Supervision.
India's PM calls for Asia growth push
India's Prime Minister Manmohan Singh has asked South Asian nations to show the resolve and maturity to grasp opportunities to become a major engine of growth for the global economy.
Record central bank gold sales forecast
London-based GFMS is forecasting record net gold sales by central banks in 2005 of about 700 tons, up from over 500 tons in 2004, GFMS Executive Chairperson Philip Klapwijk said on Tuesday 15 November.
EU's Almunia calls for respect of ECB independence
EU economic and monetary affairs commissioner Joaquin Almunia on Thursday 17 November called on the European Commission and member states to respect the independence of the European Central Bank.
China to push currency reform
China will continue with market-orientated currency reforms while keeping the exchange rate of the yuan basically stable, said Su Ning, a vice-governor of the People's Bank of China on Thursday 17 November.
ECB's Issing on addressing global imbalances
In the speech 'Addressing global imbalances: the role of macroeconomic policy' given on 4 November Otmar Issing of the ECB said structural reforms in Europe and Japan may help to promote growth and resilience and are in the countries' own best domestic…
Norway's Gjedrem on petroleum wealth
In the speech 'The management of petroleum wealth' given on 8 November Svein Gjedrem of Norges Bank said the Petroleum Fund is a very long-term savings plan.
Koizumi vs Fukui trumps Bush vs Greenspan
This article published on Wednesday 16 November says that with each passing day, disagreements with the government over when the Bank of Japan should stop flooding the economy with cash seem to intensify.
Sri Lanka's economy overcomes tsunami setback
The Central Bank of Sri Lanka has released its report on Recent Economic Developments - Highlights of 2005 and Prospects for 2006. The Report highlights the performance of the economy in 2005 and prospects for 2006.
Kansas Fed paper on the FOMC & the great inflation
The Federal Reserve Bank of Kansas City has published a Working Paper by Sharon Kozicki and P.A. Tinsely titled "Perhaps the FOMC did what it said it did: An alternative interpretation of the great inflation".
Bank of England Inflation Report, November 2005
The Bank of England published its November 2005 Inflation Report on 16 November. In the report the Bank said inflation is set to meet the 2.0 percent target in two years.