Central Banking
China advisor sees second yuan revaluation in 2006
Zhang Shuguang, a former senior fellow at China's Academy of Social Sciences, the government's leading research body, said he expects a second revaluation of the yuan of between 2-3% in 2006 as hot money pressures are likely to force further adjustment.
US Fed meets with Taiwan officials
Officials from the Federal Reserve are in Taiwan to visit the Ministry of Finance, the central bank and the Financial Supervisory Commission to exchange opinions about the government's financial reform and exchange rates, government officials said…
Israel's Fischer on capital market reforms
In the speech 'Capital market reforms in Israel' given on 5 July, Stanley Fischer of the Bank of Israel said the stability of the banking system will not be affected by the separation of the provident funds and mutual funds from the banks.
Albania's Fullani on banking supervision
In the speech 'Cooperation in the field of banking supervision in Albania' given on 11 July, Ardian Fullani of the Bank of Albania said we have established contacts with all the central banks of the region, up to the high levels of representation and I…
Bank of Israel - Annual Report 2004
The Bank of Israel has published its Annual Report for the year ended 2004. In 2004 the long-term strategy of Israel's macroeconomic policy - intended to place the economy firmly on the path towards the realization of its growth potential - moved forward…
RBNZ leaves OCR unchanged at 6.75 per cent
The Reserve Bank of New Zealand left the Official Cash Rate unchanged at 6.75 per cent on Thursday 28 July. Governor Alan Bollard said short-term inflation pressures have recently emerged as a result of surging oil prices.
Systemic risk in alternative payment system design
This European Central Bank Working Paper analyses the consequences of an isolated, sudden and unexpected failure of a bank in alternative interbank payment system designs.
Federal Reserve Board - Beige Book, July 2005
The Federal Reserve published its July 2005 Beige Book survey on 27 July. According to the report the economy continues to expand in almost every area of the country with little or no additional price pressure.
Germany's Clement says ECB rate cut overdue
German Economy Minister Wolfgang Clement has criticised the European Central Bank for failing to give the region's economy a boost by cutting rates at a time when conditions would have been more easily able to cope with relaxation of monetary policy.
BoE's Large fuels rate cut talk
Bank of England policy maker Andrew Large gave an interview on Wednesday 27 July which is likely to fuel expectations that UK interest rates would fall next week for the first time in two years.
Brazil cb and Congress to improve bank controls
Brazil's central bank and lawmakers will seek ways to improve control over the financial system, the bank said in a statement sent by e-mail.
Market to decide yuan's value according to PBOC
The People's Bank of China has insisted that it would allow markets to set the value of the yuan following last week's 2.1 percent adjustment, state media reported Thursday.
Philadelphia Fed Business Outlook Survey, Jul 2005
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, July 2005, activity in the region's manufacturing sector increased modestly.
Cleveland's Pianalto on importance of innovation
In a speech on 'The importance of innovation to our regional economy' given on 13 July, Sandra Pianalto, President of the Federal Reserve Bank of Cleveland said America must learn to innovate better if it wants to secure its place in the global economy.
Central Bank of Iceland - Annual Report 2004
The Central Bank of Iceland has published its Annual Report for the year ended 2004. The economic recovery that began in 2003 gained momentum in 2004, according to the report.
Singapore's Tee on integrated ASEAN capital market
In the speech 'Towards an integrated ASEAN capital market' given on 14 July Ong Chong Tee of the Monetary Authority of Singapore said ASEAN is building itself into an attractive investment and financing destination.
BNM's Kuang on expanding ASEAN-EU economic links
In a speech on 'Expanding ASEAN-EU economic links - the role of the euro' given on 15 July, Ooi Sang Kuang of the Central Bank of Malaysia (BNM) said the future direction of ASEAN-EU relations will be dependent on several multidimensional facets.
Fed launches online financial education project
The Federal Reserve Board on Tuesday 26 July launched a new online project with USA Today that teaches middle school and high school students about economics and personal finances by challenging them to construct a newspaper front page.
China yuan move helpful says Fed's Gramlich
US Federal Reserve governor Edward Gramlich has said China's decision to revalue its yuan currency was a positive step that should help reduce global economic imbalances.
BOJ's Fukui says prices may rise from late 2005
Bank of Japan governor Toshihiko Fukui told a news conference on Wednesday 27 July that the consumer price index may rise from late this year or early 2006 as the BOJ kept monetary policy unchanged.
China should be allowed to join says OECD chief
Donald Johnston, secretary general of the Organization for Economic Cooperation and Development ( OECD), said in an interview on Tuesday 26 July that China should be admitted as a member of the organisation.
Malaysia will rely on central bank over ringgit
Malaysia has revealed that it will rely on central bank intervention rather than a currency trading band to maintain the stability of its managed float of the ringgit.
National Bank of Hungary - Annual Report 2004
The National Bank of Hungary has published its Annual Report for the year ended 2004. Hungary's accession to the European Union opened up new possibilities which can benefit the country in its efforts to catch up with the more developed European…
Singapore's Mun on building human capital
In the speech 'Building human capital for the new world and beyond' given on 13 July, Low Kwok Mun of the Monetary Authority of Singapore said the relatively good overall performance of the insurance industry in 2004 could be partly attributed to the…