Monetary Policy
Rates on the rise, Canadian central banker says
Canadian monetary conditions remain stimulative enough to require future interest-rate increases, Bank of Canada deputy governor Sheryl Kennedy said Wednesday in the latest reiteration of the central bank's recent hawkish line.
Klein won't bow to PM's 'whims' confidantes say
Bank of Israel governor David Klein does not intend to step down from his post even if Prime Minister Ariel Sharon asks him to do so Ha'aratz news in Israel said. Ha'aratz reported sources close to the governor said Wednesday in the wake of a barrage of…
Yamaguchi says Bank of Japan is doing all it can
The most expectant of silences greeted Yutaka Yamaguchi, the deputy governor of the Bank of Japan. But the outlook from the bank veteran of 40 years was gloomy: the bank is doing all it can, it is time for others to pull their weight. CentralBankNet…
Brazil raises rates to fight 'virus of inflation'
Brazil's central bank on Wednesday raised interest rates for the second time in a month to curb what new President Luiz Inacio Lula da Silva described this week as the "virus of inflation".
Ferguson on Rules and Flexible Monetary Policy
SPEECH - In the speech 'Rules and Flexibility in Monetary Policy' Roger Ferguson of the Federal Reserve said over the past twenty-five years some important consensuses have been achieved on the best way to conduct monetary policy. Central banks have…
Heikensten on monetary policy and wage formation
SPEECH - In the speech 'Monetary policy and wage formation' Lars Heikensten of Sweden's central bank said looking ahead, the picture is worrying. Profits are under great pressure. It is not certain that productivity growth can remain as high as it was…
Solans on financial innovation and monetary policy
SPEECH - In the speech 'Financial innovation and monetary policy' Eugenio Domingo Solans of the European Central Bank said financial innovation can help to increase the efficiency of the financial system, facilitating the operation of monetary policy…
Can't compare today's economic problems with 1991
ARTICLE - Stephen King looks at Alan Greenspan's testimony and says comparing the current economic position with the 1990-91 experience is rather futile. Both periods involved Iraq and at least one period will have involved war. Other than that however,…
Fed Reserve Bank of St Louis Review, Jan/ Feb 2003
PUBLICATION - The latest edition of the St Louis Fed's Review for January-February 2003 includes articles titled "The Impact of Changes in FOMC Disclosure Practices on the Transparency of Monetary Policy: Are Markets and the FOMC Better "Synched"?" and …
Barker on adjusting to low inflation
SPEECH - In the speech 'Adjusting to low inflation - Issues for policy' Kate Barker of the Bank of England said that if the Bank tried to control the build-up of house-hold debt, it might restrain growth in the economy, making people worse off and…
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes of the Bank of England's Monetary Policy Committee Meeting released on 19 February for the meeting of 5 and 6 February 2003. The minutes show seven members of the Committee (the Governor, Mervyn King, Christopher Allsopp, Kate Barker,…
Minutes of Japan's Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 21 and 22 January 2003, released 19 February. One member pointed out that inflation targeting had never been adopted for the purpose of overcoming deflation by any central bank overseas,…
ECB Press Release
PRESS RELEASE - Financing and financial investment in the euro area in the third quarter of 2002, 19 February.
Bank of Finland Discussion Paper
RESEARCH - Central bank spending on the operation of inter-bank funds transfer systems may range from below one million to nearly a billion US dollars annually. The paper "Payment systems efficiency, policy approaches, and the role of the central bank"…
Ukraine: Security Service may join c bank's board
The chairman of the National Bank of Ukraine, Serhiy Tyhypko, has said he is not opposed to including members of Ukraine's uniformed ministries on the bank's board.
Special judge probes Chile central bank case
A Chilean court assigned a special judge Tuesday to probe the theft of confidential economic data from the central bank in a scandal that has shocked the financial community.
Finland opposes changes to ECB voting system
Planned changes to the voting system of the European Central Bank may be delayed due to opposition from Finland.
Brazil's Palocci nominates three c bank directors
Brazilian Finance Minister Antonio Palocci nominated three new Central Bank directors on Tuesday, including Luiz Augusto Candiota to replace Luiz Fernando Figueiredo as the director of monetary policy.
France to insist on ECB presidential role
France looks set to insist that the post of European Central Bank president goes to a French candidate despite the setback for its leading contender for the job, Bank of France governor Jean-Claude Trichet, EU sources said.
BOJ said inflation needs fiscal, FX moves- minutes
Bank of Japan Policy Board members said in their January 21-22 meeting that boosting prices in the short term would require large-scale fiscal spending or manipulation of foreign exchange rates, minutes showed on Wednesday.
Bank of England committee split 7-2 over rate cut
The Bank of England's monetary policy committee voted by 7 to 2 in favour of this month's surprise quarter-point cut in interest rates to 3.75 per cent, minutes of its meeting released on Wednesday showed.
PBOC says money supply continues fast growth
China's financial sector continued its momentum of good performance in January, with a faster growth in money supply and a stable exchange rate, according to the People's Bank of China (PBOC).
McDonough on Implementing the New Basel Accord
SPEECH - In the speech 'Implementing the New Basel Accord' William McDonough of the Federal Reserve Bank of New York said the success of the New Accord will be directly attributable to the enormous support and assistance provided by both bankers and…
Husain on State Bank Of Pakistan and Regulation
SPEECH - In the speech 'Regulatory Strategy Of The State Bank Of Pakistan' Ishrat Husain of the State Bank Of Pakistan said the two major determinants of functional efficiency of financial system are market structure and the regulatory framework and the…