Monetary Policy
Koizumi puts off BOJ chief choice
The government has postponed the selection of the next Bank of Japan governor, fuelling speculation the prime minister has not found a ``deflation fighter'' who can rescue the economy.
Ex-central bank official sees Gulf conflict profit
A former vice-governor of the Central Bank of Lebanon says that the imminent US-led war against Iraq might hold more than a negative impact on this country.
Venezuela cen bank cuts discount rate to 39 pct
Venezuela's Central Bank on Tuesday lowered its discount rate for local banks seeking to borrow money to meet reserve requirements from 42 percent to 39 percent.
BofE cuts growth forecast amid 'heavy' uncertainty
The Bank of England's Inflation Report is ten years old, Mervyn King told a well attended press conference on Wednesday. He announced a cut in the Bank's growth forecast for the UK economy, suggested he didn't know what the stability and growth pact was…
European Parliament Press Release
PRESS RELEASE - Duisenberg to appear before Economic and Monetary Affairs Committee, 11 February.
IMF Working Paper Series
RESEARCH - The Working Paper 'Inflation Targeting Regimes' classifies countries that define their monetary policy framework by an inflation target into full-fledged inflation targeters, eclectic inflation targeters and inflation targeting lite regimes…
Interview with RBNZ governor Alan Bollard
INTERVIEW - In the interview Reserve Bank of New Zealand Governor Alan Bollard revealed that the central bank is looking closely at the model it uses for forecasting the economy. "Definitely part of what I need to do is get some confidence about what the…
U.S. economy facing more than war - Guynn
The U.S. economy is being restrained by more than just the prospect of war, but an expected pickup in business spending should help it strengthen as the year unfolds, Atlanta Federal Reserve Bank President Jack Guynn has said.
Unions call for action at the Bank of France
Following the French central bank's announcement of plans for a radical reduction in the number of its branches, unions representing staff at the Bank of France have called for strike action from Monday.
Central bank aims to halt slide of Jamaican dollar
The Bank of Jamaica (BOJ) has taken additional steps aimed at halting the slide in the value of the Jamaican dollar against its United States counterpart.
Ukrainian central bank to fight money laundering
The National Bank of Ukraine expects to make another decision to fight money laundering schemes and stop unlawful money transfers abroad by the end of this week, the head of the National Bank of Ukraine, Serhiy Tyhypko, said Monday.
Monetary Policy Committee or Puzzle Committee?
ARTICLE - Perhaps the Bank of England's Monetary Policy Committee should be re-named the Monetary Puzzle Committee suggests Stephen King in an article. For him the B of E's decision to reduce interest rates last week after Sir Edward George criticised…
Single currency for West Africa "well on course"
The West African Monetary Institute (WAMI) says the planned convergence of a single currency by member countries of the West African Monetary Zone (WAMZ) is well on course. "Following the landmark decisions in Bamako, Mali, in December 2000, establishing…
Roth: SNB will intervene to control franc level
Jean-Pierre Roth, the chairman of the governing board of the Swiss National Bank, said in a speech Tuesday that the central bank would intervene if necessary to prevent the appreciation of the Swiss franc.
Greenspan testimony questions stimulus for economy
Federal Reserve Chairman Alan Greenspan said on Tuesday that uncertainties over a possible war with Iraq posed "formidable barriers" to business spending and made it tough to gauge the U.S. economy's health.
Further problems of inflation targets
For inflation targets to work the public must have faith in official statistics. The trouble is they often don’t.
St Helena’s forgotten currency board
St Helena’s small but perfectly formed currency board provides an example to the rest of the world, argue Steve Hanke and Matt Sekerke.
The politics of the Eurosystem
Constitutional discussions in Europe have steered clear of the ECB, but may yet impact on Europe’s only federal institution, argues Graham Bishop.
New directions for the ECB
Enlargement, a new president and a review of policy have far-reaching implications for Europe’s central bank, says Philip Lane.
CentralBankNet Monday Special Feature
SPECIAL FEATURE - Interest rate setting is abit like gambling with players weighing up the odds and placing their bets. The ECB's announcement last week that it intends to formally recommend a new voting system for its Governing Council will change the…
Lars Heikensten on Sweden's road to EMU
SPEECH - Riksbank governor Lars Heikensten says that direct changeover to the euro from 2006 is good news for the financial sector and will lessen the risk of payment system disturbances. He also emphasised the importance of creating a transparent, clear…
Jarle Bergo on monetary policy in Norway
SPEECH - Jarle Bergo, Deputy Governor of Norges Bank, speaks about the role of monetary policy within Norway's economic policy. The speech was given at the Confederation of Vocational Unions on 7 February 2003.
What role for inflation targeting?
ARTICLE - Former executive director of the Reserve Bank of India, A. Vasudevan, asks whether inflation targeting or multiple objective targeting should be of concern only to central banks. He argues that, generally speaking, monetary policy needs to be…
Australian interest rates to remain stable
The Reserve Bank of Australia's quarterly statement on monetary policy said the global economy had lost momentum in late 2002 and that had weakened the case for rate rises this year.