Opinion/Central Banks
BoE's inflation-targeting under scrutiny
According to this article from Bloomberg, published Monday 30 April, surging UK property prices are throwing into question the inflation-targeting approach of the Bank of England.
Race to succeed Canada's Dodge underway
According to this article from Bloomberg, published Thursday 26 April, potential successors to David Dodge at the Bank of Canada will include Paul Jenkins and Tiff Macklem as well as some external candidates named in the press.
Mauritius moves monetary policy into modern era
According to this article from the Mauritius Times, published Friday 27 April, the decision by the Bank of Mauritius to set up a Monetary Policy Committee should be welcomed as a move away from the Middle Ages of central banking.
Zhou Xiaochuan, the one million dollar man
What can you do in one minute? Add $1 million to China's currency reserves, according to this recent article from Bloomberg. 'Simply stunning,' according to one economist who predicts big problems if things don't change.
Is Reddy ready to raise rates?
With inflation rising in India, this article from Moneycontrol asks whether the Reserve Bank of India will tighten policy when it meets on Tuesday 24 April.
King finally writes his 'Dear Gordon' letter
Bank of England governor Mervyn King had to explain to UK chancellor Gordon Brown this week why inflation had exceeded the bank's target. This article by John Berry of Bloomberg looks at King's failure to be boring.
India's infrastructure could benefit from reserves
According to this article from Rediff News, published Monday 16 April, India is looking at the idea of using foreign exchange reserves for infrastructure investment.
Fed says what it means -- No interest rate cut
According to this article published Friday 13 April by John Berry of Bloomberg, the Federal Reserve has shown over the last three weeks that communicating the finer points of monetary policy decisions isn't easy.
The secret language of central bankers
According to this article by J. Bradford DeLong, published Tuesday 3 April by the Taipei Times, there seems to be general agreement today that the argument for talking in "Greenspanese" is essential for enabling central banks to ensure price stability no…
Central banks can't break gold link
According to this article published by Miningmx this week, gold holdings by central banks have declined to their lowest level in 60 years.
Fed steps back from a tilt toward higher rates
According to this article from John Berry at Bloomberg, published Thursday 22 March, Federal Reserve officials have taken a small step toward a more balanced view of whether their next interest rate move would be up or down.
A fresh mandate for RBI
India needs to debate the conduct of its monetary policy, according to this article published Tuesday 20 March by The Indian Express.
FOMC to throw markets a life preserver?
According to this article published by MarketWatch on Monday 19 March, financial markets could be given a boost this week when the Federal Open Market Committee meets.
Why is market volatility so low?
According to this article from MoneyWeek, published Wednesday 14 March, the recent so-called drama around the world is more likely a long overdue reaction to months of relentless appreciation in global stock markets.
Every mistake imaginable
According to the article "Every mistake imaginable" published on Tuesday 13 March by Haaretz, critical mistakes at important times meant that the Bank of Israel's salary negotiations went on much longer than was necessary.
China's giant new investment agency
According to this article from BusinessWeek Online, published Tuesday 13 March, China's soon-to-be state investment arm will be a major asset-management entity globally.
Bank of France attacks ECB strategy
According to this article from The Daily Telegraph, published Friday 9 March, the ECB has received an unprecedented attack on the "reliability" of its strategy by the Bank of France and a barrage of attacks by French leaders.
How a free debt manager will free Indian cb
According to an article from The Economic Times, published Wednesday 7 March, once an independent DMO comes into existence in India, management of both internal and external debt is expected to move away from the central bank.
BOK running out of reserves
According to this article published by The Korea Times on Monday 26 February, the Bank of Korea is finding it increasingly difficult to boost its reserves as its losses grow.
BoC sees room to improve central bank committees
This article from Reuters, published Monday 12 February, looks at the recent paper "Monetary Policy Committees in Action: Is There Room for Improvement?" noting that central banks have shifted away from the "dictatorial" governor as decision maker, in…
Gono hits bull's eye
This article from the Financial Gazette, published Thursday 8 February, says the heated debate rages on after Reserve Bank of Zimbabwe governor Gideon Gono refused to budge an inch on devaluation.
When larger reserves may not really be good
According to this article from the New Straits Times, published Friday 9 February, questions the idea that foreign exchange reserves are a key indicator of macroeconomic strength.
Nightmares of a central banker
According to this article published by the Ludwig von Mises Institute on Tuesday 6 February, the record of modern central banking is bleak, with monetary policy failing again and again.