Central Banking
Central bank independence discussed in Iran
A senior banking expert said on Sunday that the independence of Central Bank of Iran (CBI) could help bring about economic stability and preserve the value of the national currency.
African central banks introduce supervision system
Central banks in East, Central and Southern Africa have moved closer to future monetary union, with the introduction of a new Bank Supervision Application (BSA) system.
Venner on issues of concern to the ECCB
In a speech on 'Issues of concern to the ECCB and the Caribbean region as a whole' given on 5 March, K Dwight Venner of the ECCB said in assessing the situation both domestically and internationally the ECCB has identified two major objectives which are…
Israel's Sokoler on a new central bank law
In the speech 'The time has come for a new Bank of Israel law' given on 17 March, Meir Sokoler of the Bank of Israel said with regard to a monetary council, the Bank of Israel is in favour of the establishment of such a body that would make decisions on…
Norges Bank's conference on monetary policy 2005
On Thursday 7 April Norges Bank held a conference on economic models at central banks. Approximately 70 individuals participated in the conference.
Trichet on integration in the enlarged Europe
In a speech on 'The challenges of economic and financial integration in the enlarged Europe' given on 9 April, Jean-Claude Trichet of the ECB said new European Union members should curb budget deficits not only to fulfil criteria needed to join the euro…
Bank of Canada keeps interest rates unchanged
The Bank of Canada announced on Tuesday 12 April that it was holding interest rates unchanged. The bank said data received since the last interest rate announcement indicate that the Canadian and global economies have been evolving largely as expected.
Juncker says EU to press China on peg
European finance ministers are set to appeal to China at this week's Group of Seven meeting to allow its currency to appreciate, according to Luxembourg Prime and Finance Minister Jean-Claude Juncker.
Irish bank chief highlights eurozone uncertainties
Ireland's central bank governor John Hurley told a meeting on Monday 11 April that stronger growth in the euro area still remains an emerging prospect rather than a current reality.
Zhou: anti-money laundering mechanism essential
China's central bank governor Zhou Xiaochuan said on Tuesday 12 April that it is of "significant importance" for European and Asian countries to establish an efficient anti-money laundering mechanism, People's Bank of China sources were quoted as saying.
Fed's Santomero stresses inflation vigilance
In an interview with USA Today, Philadelphia Fed President Anthony Santomero said the US economy was "in good shape and growing at a good pace, not too fast so as to create all these imbalances and pressure on prices, but clearly moving slightly above…
Tanigaki: G7 likely to keep same forex message
Japanese Finance Minister Sadakazu Tanigaki said high oil prices are expected to top the agenda when G7 finance chiefs meet in Washington later this week.
Liebscher: Austria after 10 years of EU membership
In a speech on 'Austria after 10 years of EU membership - a review from a central banking perspective' given on 1 April, Klaus Liebscher of the Austrian National Bank said the country's EU entry and its participation in the currency union have "shaped"…
Bank of Japan Monthly Report, April 2005
The Bank of Japan published the English version of its April 2005 monthly report on 8 April. In the report the BOJ left its monthly assessment of the nation's economy unchanged from the previous month but said exports are starting to pick up, and…
Bollard on bank regulation and supervision in NZ
In a speech on 'Bank regulation and supervision in New Zealand: recent and ongoing developments' given on 23 March, Alan Bollard of the Reserve Bank of New Zealand said a major shock to the Australian economy or the mismanagement of a major Australian…
France's Noyer on the euro, a stabilizing factor
In a speech on 'The euro, a stabilizing factor at home and abroad' given on 21 March Christian Noyer of the Bank of France said that in contrast to the domestic role of a currency, which is strongly determined by institutions, the international role of a…
Fed's Greenspan on consumer finance
In a speech on 'Consumer finance' given on 8 April, Alan Greenspan of the Federal Reserve said the success of financial services industries in expanding credit availability has significantly helped the U.S. economy.
Luxembourg sees limited manoeuvre on ECB rate
The central bank of Luxembourg said in its latest financial stability report that it sees a "limited margin of manoeuvre" on European Central Bank interest rates.
Bank of France reduces gold holding
Bank of France Governor Christian Noyer said in an interview that he has "no special plan to modify the composition" of the central bank's foreign-exchange reserves this year as the bank offloads gold to buy currencies.
China to move on yuan rate at 'appropriate' time
Senior Chinese economists believe China's current exchange rate needs to be adjusted "at an appropriate time and in an appropriate way," the Shanghai Securities News has reported, according to State news agency Xinhua.
No plan to diversify Korea reserves 'for now'
South Korea has no intention of diversifying its rising foreign reserves, as such a move could further strengthen the Korean currency against the US dollar, the Bank of Korea's chief was quoted as saying on Sunday.
Asian central bankers to meet in May
Central bank governors of South Korea, Japan and China plan to discuss their currencies and foreign exchange reserves next month in Seoul, Park Seung said Sunday.
Ex-Fed chairman Volcker to get honorary degree
Paul Volcker, who headed the Federal Reserve from 1979 to 1987, will receive an honorary degree at Rensselaer Polytechnic Institute's commencement on Saturday 21 May.
China SAFE's Ma Delun appointed to PBOC
China's State Administration of Foreign Exchange (SAFE) deputy director Ma Delun has been appointed as an Assistant Governor at the People's Bank of China.