Monetary Policy
National Bank of Slovakia - Annual Report 2002
ANNUAL REPORT - The National Bank of Slovakia has published its Annual Report for the year ended 2002.
Bank of England meets with King and Lomax in place
The Bank of England's interest rate setting MPC began their two day meeting Wednesday. It will be the first time Mervyn King sits on the Committee as governor and the first MPC meeting for Rachel Lomax who takes over from King as the new deputy governor…
Guts needed to take top job at the IMF
An ill timed joke apparently prevented war-time president of the BIS, JW Beyen, from becoming managing director of the IMF, the Financial Times reports.
Central Bank of Burundi hit by rebels gun fire
Burundian rebels fighting in the capital Bujumbura have hit the central bank with shells, Radio Burundi reported.
Italy won't try to change euro pact rules - Solbes
EU economics commissioner Pedro Solbes said in an interview that Italy will not attempt to change the strict rules underpinning the stability and growth pact during its six-month presidency of the European Union, Associated Press said.
Shiokawa says he, Fukui aren't worried about bonds
Speaking in Tokyo Wednesday after a meeting with Bank of Japan Governor Toshihiko Fukui, Finance Minister Masajuro Shiokawa said he agreed with Fukui that there is not much concern that long-term rates have risen a little bit, Bloomberg reported.
Reserve Bank of India boss may leave for politics
Reserve Bank of India governor Bimal Jalan is likely to leave his post in the next few weeks for a seat in parliament, Reuters reported a banking source as saying.
Gunmen attack Iraq central bank governor
The acting governor of the central bank of Iraq Faleh Daud Salman escaped unhurt on Monday after the car he was travelling in was fired on, The Australian reports. Two passengers in the car were wounded however, the report added. But a separate report…
A twenty-first century BIS
73 years on and the world's oldest international financial organisationwith it, the BIS is alive and well. As usual, a swarm of central bankgovernors great and small descended on Basel last weekend to participate inthe BIS annual meetings.
King assumes his throne
The long-awaited moment has arrived: Mervyn King has moved into EddieGeorge's offices on Threadneedle Street, now that he has been baptised asgovernor of the Bank of England.
Dogfighting over the ECB
The European League for Economic Cooperation (ELEC) has issued aresolution betraying unease that appointments to the ECBexecutive board could degenerate into a more or less continuous politicaldogfight.
Reserve Bank of New Zealand Bulletin, June 2003
The Reserve Bank of New Zealand published its quarterly Bulletin for June 2003 on 8 July. The first article is the Reserve Bank's annual review of the banking system. It looks at the financial condition and performance of registered banks and…
Stand-off in Bulgaria
The mess in the ECB appointment process also needs to be cleared up to set anexample to other countries as to how these things should be done. Bulgaria might have benefited from this.
A lean machine
The central bank in Ghana is cutting back its staff drastically. Some central banks in the Eurosystem will be jealous.
Padoa-Schioppa-Central banks & financial stability
In the speech 'Central banks and financial stability' given on 7 July Tommaso Padoa-Schioppa of the ECB said the conceptual framework for financial stability analysis, unlike that of monetary stability, is still being developed. Further work in this area…
A double bubble of the Fed's own making
This article suggests that the Fed's decision to reduce interest rates by only a quarter point misled markets and casts doubt on the Federal Reserve's reputation as a "paragon of virtue" and undermined the popular myth that it is Mr Duisenberg and the…
Crockett honoured
Andrew Crockett always did have one of those names that look as if it is just waiting to have a "sir" in front of it. Now the space has been duly filled as the former central banker and general manager of the BIS received a knighthood from the Queen of…
Iraq to get central bank - free from interference
Iraq will soon have an independent central bank for the first time, free from political interference the New York Times reports.
Central banker and football fan
Mervyn King, the new governor of the Bank of England is a well-known supporter of Aston Villa, the English football club. In fact, until recently King was senior vice-president of the club.
Bundesbank- German deficit may make ECB job harder
Bundesbank Chief Economist Hermann Remsperger said in an interview a third breach in as many years by Germany "would further damage the credibility of Europe's stability and growth pact, which would ultimately make a stability-oriented monetary policy…
Greenspan to deliver monetary testimony 15 July
The US House Financial Services Committee has announced Federal Reserve Chairman Alan Greenspan will testify before the committee on 15 July.
Bank of Estonia's Ross to take up IMF role
The head of the Bank of Estonia's division for international and public relations Tanel Ross is to become adviser to the director of the Nordic-Baltic Constituency of the International Monetary Fund (IMF) in August.
Union: Trichet to take over ECB presidency, 1 Nov
Bank of France Governor Jean-Claude Trichet will replace Wim Duisenberg at the head of European Central Bank on Nov. 1, Agence France-Presse reported, citing Jean-Marie Roux, a union member at the French central bank.
Monday Special - Basel's Banking Behemoth
The BIS is most commonly understood to serve as a forum for central bankers and financial regulators to meet and discuss how to keep the world's financial system on the rails. Its role as a bank is often overlooked. The BIS's balance sheet is large…