Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Japan's Shirakawa sees mild recovery ahead
Masaaki Shirakawa, the governor of the Bank of Japan, was guardedly optimistic in his outlook for the economy.
Norway's Qvigstad: banks need more capital
Banks need more capital to improve access to funding and to be more robust, said Jan Qvigstad, the deputy governor at the Norges Bank.
Debt discharge no guarantee for a clean start
Debt discharges fail to generate a fresh start as intended by the law, new research from the Federal Reserve Board posits.
Ukraine's central bank faces auditors
Accusations of mismanagement and corruption at the National Bank of Ukraine are to be investigated by international auditors, according to an official at the central bank.
SARB cuts in face of recession
The South African Reserve Bank (SARB) has cut interest rates by 100 basis points to 7.5% as Africa's leading economy enters it first recession in over a decade.
Further cuts possible in Czech interest rates
Miroslav Singer, the vice-governor of the Czech National Bank, has dropped strong hints that further interest-rates cut will be on the cards if the economic situation demands it.
Philippines cuts to 17-year low
The Central Bank of the Philippines has cut its main policy rates by 25 basis points, taking the overnight borrowing rate to new lows of 4.25%.
Macedonia's Goshev: stable exchange rate key goal
The National Bank of the Republic of Macedonia will continue its policy of focusing on the stability of the denar, said Petar Goshev, the governor of the central bank.
Spillovers to emerging markets still a reality
The current global financial crisis shows that the notion of possible decoupling of financial markets in developed and emerging economies has been misplaced, a new paper from the International Monetary Fund posits.
Time-varying parameter-Var model a good fit
The time-varying parameter vector autoregressive model best describes Japanese economic data, new research from the Bank of Japan shows.
St Louis Federal Reserve - Annual Report 2008
The current financial crisis has highlighted that certain activities are best performed by the public sector, said James Bullard, the president of the St Louis Federal Reserve, in the central bank's latest Annual Report.
Policy rates should fall to -5%: SF Fed's Rudebush
The federal funds target would have to fall to -5% for the benchmark rate to be in line with the central bank's Taylor rule, a senior San Francisco Fed official has said.
Gulf economies building new arsenal: DIFC's Saidi
The economies of the Gulf have been hit hard by the global financial crisis, but Nasser Saidi, chief economist of the Dubai International Financial Centre, has seen a number of positives emerging from the ashes.
Tussle over Gono intensifies
Political wrangling over Gideon Gono's position as the head of the Reserve Bank of Zimbabwe intensified on Tuesday after Morgan Tsvangirai, the prime minister, called for the governor to be removed from office.
Policy time horizon must be extended: Shirakawa
The time horizon for rate decisions must be extended as a result of the financial crisis, Masaaki Shirakawa, the governor of the Bank of Japan, has warned.
EU to implement De Larosiere group's proposal
The European Commission has proposed a raft of ambitious reforms to the region's supervisory framework, building on guidelines set out in the recent De Larosiere report.
Hoenig moots Fed for bigger payments role
A lack of competition, concerns over integrity and the existence of externalities in the payments sector justify a greater role for the Federal Reserve in the industry, Thomas Hoenig, the president of the Kansas City Fed, has said.
Nigeria's Soludo to depart?
Charles Soludo, the governor of the Central Bank of Nigeria, is to leave after one term, reports suggest.
ECB staff set for "warning" strike
European Central Bank (ECB) staff are to take industrial action for the first time ever over pensions reform.
Kohn defends Fed lending against "fiscal" charges
The Federal Reserve's efforts to halt a financial meltdown with lending programmes targeted at specific markets should not be construed as fiscal aid, Don Kohn, the vice chairman of the central bank, has claimed.
Unified regulatory architecture needed in the US
An influential group of academics, former government officials and business leaders has called for an overhaul of the rules for supervising United States financial markets and stressed the need for a more integrated regulatory structure.
Foreclosure policy should focus on unemployed
Foreclosure-reduction policy should focus on helping people who lose their jobs, new research from the Atlanta Federal Reserve suggests.
SARB's Mboweni: flight to quality ironic
Tito Mboweni, the governor of the South African Reserve Bank, said it was ironic that capital was now flowing back to the United States, the source of the current crisis.
Iceland explains another deep cut
Members of the Central Bank of Iceland's Monetary Policy Committee decided to cut the key policy rate by 250 basis points to 13% in light of the improved stability of the krona, the minutes for the 5 and 6 May meeting reveal.