Economics
National Reserve Bank of Tonga - Ann Rep 2004-05
According to the National Reserve Bank of Tonga's Annual Report 2004-05, economic growth is estimated to have picked up from the slowdown in 2003/04, underpinned by a broad-based recovery in most sectors.
RBNZ's Bollard on major global developments
In the speech 'Major global developments in the new millennium' given on 27 January Alan Bollard of the RBNZ said New Zealand has been growing strongly over the last decade, driven by improved efficiency, high participation and stronger terms of trade.
Comment: Greenspan's legacy
As the curtains are drawn on the Alan Greenspan era at the Federal Reserve, the debate over whether or not the Fed should have increased interest rates to curb asset bubbles rages on. This debate misses the extent to which the Fed's actions may have…
Greenspan receives Dept of Defense medal
Outgoing Federal Reserve chairman, Alan Greenspan, was presented with the Department of Defense Medal for Distinguished Public Service by US Secretary of Defense Donald Rumsfeld on Monday 23 January.
Takeuchi to join BOJ board - report
World Bank economist Sawako Takeuchi has been named as the likely replacement for Miyako Suda on the Bank of Japan's board.
Officials warn Japan's deflation not yet over
Japanese Prime Minister Junichiro Koizumi said on Friday 27 January that although the key CPI rose for the second straight month in December, the country's economy has not yet emerged from deflation.
Slovakia's Sramko named central banker of 2006
The governor of the Central Bank of Slovakia, Ivan Sramko, has been named as The Banker magazine's its Central Banker of the Year for 2006.
Gulf seminar warns of monetary policy risks
A four-day regional seminar on 'monetary operations and liquidity management' in Muscat, Oman, has cautioned Gulf central banks against risks and challenges involved in monetary operations.
Bush nominates two to Fed board
The White House announced on Friday 27 January it was nominating Randall Kroszner and Kevin Warsh to fill two vacancies on the Federal Reserve's seven-member board of governors.
Central Bank of Trinidad and Tobago - Ann Rep 2004
2003-2004 saw the Bank take further steps to improve the efficiency of monetary policy through a phased reduction in the reserve requirement, according to the Central Bank of Trinidad and Tobago's Annual Report 2004.
Third Euro-Mediterranean central bank seminar
The third Euro-Mediterranean seminar, which brings together Eurosystem and non-euro area Mediterranean central banks, was jointly organised by the Bank of Greece and the European Central Bank and held in Nafplion on 25 January.
Report says Greenspan to set up consulting firm
Federal Reserve Chairman Alan Greenspan plans to establish a consulting firm called Greenspan Associates in Washington after he leaves the central bank at the end of the month, the Wall Street Journal reported on Thursday 26 January.
CBK says it won't devalue shilling
The Central Bank of Kenya has insisted it will not intervene in the market to devalue the strengthening shilling in the face of continued pressure from agricultural exporters.
China pledges further liberalisation of rates, FX
People's Bank of China governor, Zhou Xiaochuan, pledged on Thursday 26 January to liberalise China's interest rate and foreign exchange policy further as part of wider economic reform but said the moves would be gradual.
Cheney praises Fed's 'superb' performance
US Vice President Dick Cheney said the White House has no argument with the way the Federal Reserve conducts monetary policy, but said Alan Greenspan advised him along time ago not to comment on Fed policy.
IMF's Rato names Director of External Relations
Rodrigo de Rato, Managing Director of the IMF, on Wednesday 25 January informed the 24-member Executive Board of his intention to name Mr. Masood Ahmed as Director of the IMF's External Relations Department.
Bank interest rate pass-through in the euro area
The European Central Bank Working Paper 'Bank interest rate pass-through in the euro area: a cross country comparison' investigates the pass-through between market interest rates and bank interest rates in the euro area.
Fed's Fisher on process of creative destruction
In a speech given on 19 January Richard Fisher of the Federal Reserve Bank of Dallas said there is a dynamic tension in Japan today.
Chicago Fed National Activity Index, December 05
The Chicago Fed National Activity Index for December 2005, published 25 January, was +0.08, down from +0.59 in November. Two of the four broad categories of indicators that make up the index made small positive contributions, and two made small negative…
Russia's Tulin set to leave central bank
Dmitry Tulin, a deputy chairman at the Central Bank of Russia, will leave his post on 1 February and join auditing company Deloitte and Touche.
Bini Smaghi calls for excess liquidity halt
Central banks must act in a timely way to halt excess liquidity, a senior European Central Bank official said in the advance release of a newspaper interview Wednesday 25 January.
Merrill Lynch hires former NY Fed chief
William McDonough, former president of the Federal Reserve Bank of New York, has joined Wall Street investment bank Merrill Lynch & Co. as vice chairman and special adviser to the chairman on business development, the company said Monday 23 January.
Comment: Lambert on CB communication
In a speech delivered in Mumbai earlier this week, Richard Lambert, an external member of the Bank of England's Monetary Policy Committee, argued that although a disciplined communications strategy is an absolute necessity for all modern central banks,…
Interview with CBN's Charles Soludo
Speaking on Thursday 19 January Central Bank of Nigeria governor Charles Soludo forecast 2006 inflation to fall to "single digits", probably nine percent, and said 2005 price growth had likely been 12 percent, just above the 10 percent target.