Monetary Policy
Israel's PM summons bank governor over gaffe
Prime Minister Ariel Sharon summoned Governor of the Bank of Israel David Klein for an urgent meeting, following Klein's comments in the media in recent days, it was reported.
Taya on recent economic developments in Japan
SPEECH - In the speech 'Recent Economic and Financial Developments and Monetary Policy in Japan' Teizo Taya of the Bank of Japan said that in his opinion the Bank of Japan should not introduce an inflation target. Although efforts to increase the money…
Economic Review from the Atlanta Fed Bank
PUBLICATION - The Federal Reserve Bank of Atlanta has published its Economic Review for the fourth quarter 2002. The latest edition includes an article titled 'Reserve Requirements: A Modern Perspective'. The Fed often uses reserve requirement changes,…
Bank of England Press Release
PRESS RELEASE - Bank of England Maintains Interest Rates at 4.0%, 9 January.
New England Economic Review, Third Quarter 2002
PUBLICATION - Published quarterly by the Federal Reserve Bank of Boston, the journal examines economic and public policy issues, as researched by the Bank's economists and others. The most recent edition of the New England Economic Review contains an…
European Central Bank Press Release
PRESS RELEASE - Monetary policy decisions, 9 January.
Making too much of the 'right' time
LETTER - A reply to the article 'Sweden can thrive without the euro' asks the question, How can countries such as Sweden, Denmark and the UK have a constructive role in Europe unless they fully participate in a Europe-wide economic system.
ECB Press Conference
PRESS CONFERENCE - Duisenberg confirmed that the recent appreciation of the euro constituted a monetary tightening which went someway to offsetting the half point interest rate cut late last year. He said the EC was right to start the excessive deficit…
Trial of French bank chief suspended
The trial of French central bank governor Jean-Claude Trichet and eight others over alleged false accounting took a four-day break late Wednesday owing to problems caused by a parallel probe into the matter. The case is now expected to resume on Monday.
Eurozone interest rates held steady at 2.75%
The European Central Bank on Thursday left interest rates in the eurozone unchanged following a half-point cut in December, despite a series of data which have suggested stuttering growth in the 12-nation bloc.
BOJ's Hayami to attend BIS meeting in Basel
Bank of Japan Governor Masaru Hayami is due to visit Basel, Switzerland, from Friday to attend a meeting of the Bank for International Settlements (BIS), the central bank said.
Transfer of Afghan money to Pakistan not illegal
The governor of the Afghan Central Bank, Anwar Ahadi, has said that the transfer of Afghan money to Pakistan or other countries is not illegal.
Japan cleanup push may not spur policy offensive
Sources familiar with central bank thinking say the BOJ views the disposal of bad loans as Japan's most significant domestic economic issue but doesn't expect the impact of the disposal process will be severe.
Russian central bank to withdraw foreign capital
This year the Russian central bank plans to significantly reduce its share in Russian foreign banks and will withdraw from their capital fully at the beginning of 2004.
Euro coins spend their first year at home
The euro has made life easier for travellers between the 12 countries that adopted the single currency a year ago. But euros appear to be more of a stay-at-home coinage than expected.
ECB chief welcomes strengthening euro
European Central Bank (ECB) president Wim Duisenberg on Thursday welcomed the recent rise in the value of the euro, and said he did not see it endangering the eurozone's competitiveness.
Greenspan on issues for monetary policy
SPEECH - In the speech 'Issues for Monetary Policy' Alan Greenspan of the Federal Reserve said as we focus on the dangers of bubbles, deflation, and excess capacity, the marked improvement in the degree of flexibility and resilience exhibited by our…
Nakahara on the challenges facing Japan's economy
SPEECH - In the speech 'The Challenges Facing Japan's Economy and the Monetary Policy Response' Shin Nakahara of the Bank of Japan said Japan must rebuild itself, taking full advantage of its accumulated stock. He describes Japan's current problem saying…
Inauguration speech by Brazil's central bank head
SPEECH - In the inauguration speech Henrique Meirelles of the Brazilian Central Bank pledged strict inflation control but said it may take longer than expected to meet current targets. He cautioned that there was no room for an imminent reduction of…
ECB must act now
ARTICLE - The article says the ECB must continue to ease interest rates soon to further boost the flagging eurozone economy as the possibility of deflation in Germany is a greater danger than inflation.
Central Bank of Ireland Press Release
PRESS RELEASE - Central Bank to exchange Irish notes and coins indefinitely, 30 December.
Central bank to exchange Irish money indefinitely
The central bank of Ireland has said that it will continue to exchange Irish banknotes and coins into euros over the coming years.
Germany to face warning on deficit rules breach
Gerhard Schroder will today, Wednesday, be told by Brussels officials to increase efforts to tackle Germany's economic problems as speculation increases that the country will break the euro's budget deficit rules, the stability and growth pact, for a…
ECB's Duisenberg defends his wife in passport row
The long running saga of Gretta Duisenberg's Palestinian flag flying continues with her visit to the Israeli-occupied West Bank. She has been told she can't use her diplomatic passport for private travel but claims not to have another passport.