Monetary Policy
Bank of England - Annual Report 2003
The Bank of England has published its Annual Report for the year 2003. In his last foreword to the annual report, governor Eddie George said the Bank did not appreciate fully the extent and speed of the changes it was about to experience - changes which…
Greenspan: Economic signals still mixed
In testimony on Wednesday 21 May Alan Greenspan said the Federal Reserve is ready and able to tackle deflation if necessary in the unlikely event of falling prices, the washington Post reports. The Federal Reserve would not be "out of business" policy…
UK inflation stays at highest level in five years
The Office for National Statistics said on Wednesday 21 May the underlying annual inflation rate in the UK - the measure targeted by the Bank of England - was 3 per cent in April, unchanged from the previous month, reports the Financial Times
Peter Nicholl welcomes Presidency decision
Governor Nicholl welcomes the decision of the Presidency of BH on the new Governing Board of the CBBH, 20 May.
Brazil central bank under pressure to cut rates
Several of Brazil's top government officials have echoed the call of industry bosses for a cut in the central bank's prime interest rate from 26.5 per cent, according to a report in the Financial Times. In what was described as an unusually harsh tone,…
Russian court orders arrest of ex Turkmen c banker
The Russian courts have ordered the arrest of Hudayberdi Orazow, former chairman of the central bank of Turkmenistan who fled to Russi, according to the Turkmen Press news agency.. Orazow left Turkmenistan when wanted by the Turkmen authorities in…
Duisenberg - Financial market and monetary policy
In a speech on 'New economy, financial markets and monetary policy' Wim Duisenberg of the European Central Bank said with the benefit of hindsight, he can say that the ECB was right to have reacted relatively cautiously when the world discussed the "new…
Bundesbank's Remsperger on monetary policy
In a speech on 'Monetary Policy: How relevant are other policymakers?' Hermann Remsperger of the Bundesbank said the main conclusion for Germany is that there is virtually no scope for stimulating fiscal action. The government has envisaged a budget …
BoJ announces change in money market guidelines
The Bank of Japan on Tuesday 20 May said it will lift its target balance of current accounts held by private financial institutions at the central bank to around 27 to 30 trillion yen ($230 billion-$256 billion) from the previous target of around 22 to…
CIS Eurasian community bankers sign protocol
Central bank governors from the Eurasian Economic Community have signed a draft agreements on EAEC cooperation in currency regulation and control, as well as integration of the currency market, reports ITAR-TASS
Fukui says BOJ stance is to act preemptively
The Bank of Japan acted in what was described as a pre-emptive strike on Tuesday May 29, easing monetary policy in a bid to raise its target for banks' excess reserves to around 27-30 trillion yen according to a Reuters report.
Indonesia's parliament names new deputy governor
Hartadi Sarwono was elected as a deputy governor of Bank Indonesia on Tuesday 20 May by a parliamentary committee and Burhanuddin Abdullah was sworn in as the new governor of the central bank, according to a Dow Jones report.
EU's pact is a false promise of stability-Stiglitz
In an article in Business day (South Africa), Joseph Stiglitz says the lesson for Europe is clear: the EU should redefine its stability pact in terms of the structural or full employment deficit to what the fiscal deficit would be if the economy were…
IMF warns of high German deflation risk
The IMF has warned in a report that Germany is at high risk of deflation with Japan and other regions vulnerable to further price declines, according to Reuters. However, the report saw a low risk of deflation in the US.
Fed Chairman to emphasise financial education
Alan Greenspan will stress the benefits of economic and financial education in a public service announcement and during a visit to a Washington, D.C., school. He will also be featured in a public service announcement to be aired by major television and…
Central Bank of Armenia - Annual Report 2001
The Central Bank of Armenia has published its Annual Report for the year ended 2001.
Central Bank of Brazil - Annual Report 2001
The Central Bank of Brazil has published its Annual Report for the year ended 2001.
Solans on importance of Eurostat for ECB policy
In a speech on 'The importance of Eurostat for the monetary policy of the European Central Bank' Eugenio Domingo Solans of the ECB said he would like to thank the European Statistical System very much for its support of the ECB's monetary policy. "I wish…
Fed's Ferguson on inflation expectations
In a speech on 'Expectations' Roger Ferguson of the Federal Reserve said the most important potential contribution of monetary policymakers is to anchor inflation expectations so that private-sector decisions can be made as efficiently as possible.
Bank of Latvia - Annual Report 2002
The Bank of Latvia has published its Annual Report for the year ended 2002.
C bank chief - Mexico will meet inflation target
The governor of Mexico's central bank, Guillermo Ortiz, has said the country's 3 percent inflation target for this year is be met within a 1 percent range either side, according to Bloomberg News
Report says Serb c bank governor's days numbered
A report published by Vesti claims "the Serbian National Bank bill will be tabled in the Serbian Parliament in a few days time, and according to its decrees there isn't the remotest possibility that the current governor could retain his position".
Bank of Korea appoints new deputy governor
The Bank of Korea has promoted Assistant Governor Lee Seong-tae to deputy governor, reports the Yonhap news agency. He replaces Park Cheul who resigned voluntarily before the expiry of his tenure in July.
New York Fed may get interim president
The Federal Reserve Bank of New York may install an interim president if a permanent replacement cannot be found immediately, according to the Financial Times. Pete Peterson, chairman of the Bank said "This is an important job in the system and we're…