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OMFIF announces a new shareholder structure and changes to the Board of Directors and Senior Management, strengthening financial resources.
Low interest rates have emerged as a twin source of pressure on central banks, reducing their profits while increasing their propensity to make mistakes.
Banque de France Governor Christian Noyer says euro area is heading in the right direction but discusses potential low inflation risks.
OMFIF announces a new shareholder structure and changes to the Board of Directors and Senior Management, strengthening the company`s financial resources and reinforcing its independence for the future.
The April Bulletin surveys the pressures on central banks to weaken their much-cherished independence, an inevitable reaction to their additional powers after the financial crisis. A reason for greater political interference is that central banks' budgets are strained due to lower interest rates they have themselves engineered.
Christian Noyer, Governor of the Banque de France, said in an OMFIF Golden Series lecture in London on 27 March that the euro area will continue its recovery but commented extensively on risks from within and outside the single currency bloc.
Wed 30 Apr 2014
Has austerity worked in the UK?
Fri 11 Apr 2014
Gold and central banks reception
Thu 10 Apr 2014
Fiscal sustainability in the UK
US intransigence in Washington over IMF reforms reflects tug-of-war between American policy-makers and emerging market leaders over the direction of the 70-year-old institution at the centre of world finance.
The dovish Charles Evans, president of the Federal Reserve Bank in Chicago, argues wage hikes and small dose of inflation are needed to help the US economy improve at the annual Minsky Conference in Washington.
President François Hollande has appointed Michel Sapin as finance minister, a proponent of fiscal orthodoxy but also a politician – like Laurent Fabius, foreign minister – with powerful memories of bitter Franco-German monetary skirmishes in the 1980s and 1990s.
Central banks may be losing their independence as more public scrutiny is placed on their activities in the wake of the 2007-08 financial crisis that left them wielding greater powers and facing more restraints.
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by Gabriel Stein
14 Apr 2014: ‘Neutral’ rates must be defined in real terms.
by Gabriel Stein
7 Apr 2014: March numbers show US strength – and meaninglessness of data.
by Gabriel Stein
31 Mar 2014: 12 month inflation still rising, but monthly numbers are bad.
by Gabriel Stein
24 Mar 2014: Single family home-lag US housing recovery.
2 Apr 2014: Members of the Advisory Board was asked whether in 12 months the renminbi will strengthen, weaken or remain the same against the dollar, after the People's Bank of China deliberately pushed the renminbi lower.
