Monetary Policy
Brazil may raise inflation target
Economists have said that Brazil is likely to raise its inflation target to a more realistic level which could allow the central bank more room to reduce interest rates, according to a report by Bloomberg.
Fed's Bernanke on soft hearts, hard data
In a speech entitled 'Soft Hearts, Hard Data: The Use of Quantitative Analysis in Community Development' Ben Bernanke of the Federal Reserve said the collection and especially the analysis of data present difficult challenges to community organizations…
Bundesbank report reassures over deflation fears
In its June monthly report the Bundesbank acknowledged deflationary risk does exist, Reuters reports, but said that there was no sign it would turn into a damaging reality.
Central Bank Talk: Does it Matter and Why?
Paper 'Central Bank Talk: Does it Matter and Why?' presented by Donald Kohn and a senior Federal Reserve economist. Statements released by the Federal Open Market Committee (FOMC) and congressional testimony by Chairman Greenspan are found to…
Bank of Canada appoint sSpecial Adviser
The Bank of Canada on Friday 20 June announced the appointment of Professor John Helliwell to the visiting-economist position of Special Adviser during 2003 and 2004.
Bank of England Quarterly Bulletin, Summer 2003
The Bank of England released its Quarterly Bulletin, Summer 2003, on 20 June. The Bulletin includes articles entitled 'What caused the rise in the UK terms of trade?' and 'An analysis of the UK gold auctions 1999-2002'.
Bank of England Inflation Attitudes Survey, May 03
The Bank of England's May 2003 quarterly Inflation Attitudes Survey was published on 20 June. Asked for their expectations of inflation over the coming year, respondents gave the same median answer as for perceptions of current inflation: 2.0%. This is…
Libya unifies dinar exchange rate
The deputy governor of the central bank of Libya, Farhat Qidra, said on Friday 20 June " The official foreign exchange rate has become unified now", according to the Arabic News. Previously different exchange rates applied for private companies and…
ECBs Solans says uncertainties cloud rates outlook
In an interview with the Financial Times, Eugenio Domingo Solans of the ECB said the current level of interest rates in the eurozone was favourable for a recovery. But the situation would be reassessed at the next meeting as the outlook was still clouded…
Serb central bank rejects claims of bankruptcy
The governor of the National Bank of Serbia (NBS) has rebuffed claims that the central bank is in financial difficulty, according to the Tanjug news agency. Mladjan Dinkic was responding to claims by Serbian Justice Minister Vladan Batic that the Finance…
Mozambique c bank governor denies economic crisis
The governor of the Mozambique central bank Adriano Maleiane has tried to calm matters in the African nation, according to All Africa News, by denying any crisis in the economy and blaming increased prices on the rise in the value of the South African…
Ireland's central bank profit hits E828.6m in 2002
The central bank of Ireland published its annual report on Monday 23 June, showing it made a profit of E828.6m in the year to end-December 200, according to BizWorld.
Germany faces small deflation risk Bundesbank says
The Bundesbank said in its June monthly report published on Monday 23 June that there was only a "small" risk of deflation in Germany and no "acute" signs of deflation exist at present, according to a report by Bloomberg.
Bank Of Ghana to sack 1000 workers
A redundancy programme at the Bank of Ghana will affect 1000 of the central bank's 2600 staff. The Governor of the Bank summoned the workers to a meeting at the Bank's auditorium last Wednesday to inform them about the development, Ghana Web reported.
BOE George, Mortgage change to help UK adopt euro
Speaking on Monday in an interview with BBC radio, the outgoing Bank of England governor Sir Edward George said he was optimistic the UK economy was entering a period of more balanced growth, and that the government should not raise taxes in the near…
EU endorses Trichet as next ECB president
EU leaders have unanimously backed the appointment process of Bank of France Governor Jean-Claude Trichet as the next president of the ECB, according to EurActiv. Luxembourg Prime Minister Jean-Claude Juncker told reporters. "Jean-Claude Trichet will be…
Hooray for Trichet!
So the Paris courts have once and for all cleared Banque de France governor Jean-Claude Trichet and his predecessor Jacques de Larosiere from the unfounded allegations that had been made about their role in the Credit Lyonnais affair more than 10 years…
The Eddie and Gordon show
Praise was liberally showered on Sir Edward George at his City swansong, the annual Lord Mayor's banquet for the square mile's great and good - Eddie's 27th in a row. Gordon Brown, Chancellor of the Exchequer, praised his integrity, steadfastness and…
Iraqi governor faces the mob
A central banker's lot doesn't really get much less appealing than that of Faleh Salman, the man now shouldered with the responsibility of running Iraq's sickly central bank. To avert total meltdown of what little remains of the Iraqi financial system,…
Balcerowicz survives
Embattled central bankers in Poland triumphed after a skirmish with finance minister Kolodko, who has now resigned after failing to sandbag the central bank into shelling out a further 5bn zlotys (having already parted with 9bn zlotys) from its…
Female deputy for the RBI
In a peculiar case of slighted honour, an executive director at the Reserve Bank of India resigned when the central bank followed in the Bank of England's footsteps by appointing its first female deputy governor last week.
Reddy for the top?
Incidentally, there is a rumour going around that the RBI governor himself, Bimal Jalan, is considering quitting in order to become a member of India's parliament (he first became governor in 1997 after a career largely in the finance ministry and was re…
Phantom resignation in Nigeria
Nigeria's central bank became the object of a bit of jiggery pokery recently when local media wrongly reported that the governor, Joseph Sanusi, had resigned. Newsmakers went to investigate, but could not locate the sources that had originated these …
Phantom resignation in Nigeria
Nigeria's central bank became the object of a bit of jiggery pokery recently when local media wrongly reported that the governor, Joseph Sanusi, had resigned. Newsmakers went to investigate, but could not locate the sources that had originated these …