Central Banks
Sveriges Riksbank Economic Review 2nd Quarter 2004
The Sveriges Riksbank published its Economic Review for the 2nd Quarter 2004 on 12 July. The Review contains articles on subjects related to central banking. The English version of the second issue contains three articles: Can we be best again?, How does…
Hoenig sees US inflation staying below 2%
Kansas City Federal Reserve Bank President Thomas Hoenig said in a speech to a business group that he doesn't think inflation will exceed a 2.0 percent rate in the US.
No need for ECB to hike rates: Buba's Weber
Bundesbank president and European Central Bank governing council member Axel Weber said in an interview published at the weekend that available information indicates the ECB will not need to change its interest rates in the foreseeable future.
UK's Brown urges gold revaluation for debt relief
Gordon Brown, the UK Chancellor of the Exchequer, on Friday 9 July called on the International Monetary Fund to revalue its gold reserves as a method of releasing more money for debt relief for the world's poorest countries.
WHY AM I HERE?
This week's CentralBankNet Special looks at the differing ways in which central banks define their purposes. One doesn't think of central bankers as being preoccupied with existential questions. But some are. Under Mervyn King's stewardship, for instance…
India introduces mobile ATM
The State Bank of India on Saturday 11 July rolled out its first mobile ATM to improve accessibility to customers in remote areas and tourist locations in the country.
SARB's Marcus makes abrupt departure
Gill Marcus, deputy governor of the South African Reserve Bank, left her post on 30 June at the end of her five year contract, in a move local press reports described as unexpected.
Staff audit begins at Central Bank of Nigeria
The central bank of Nigeria (CBN) is embarking on a staff audit exercise aimed at fishing out ghost workers on its payroll, Vanguard reported this week. The exercise will cover serving members of staff and pensioners.
After Greenspan, Who?
Alan Greenspan has just begun another term as chairman of the Federal Reserve, but a number of new hirings suggests a deep pool of potential heirs is being assembled, this article says.
Interview with St Louis Fed's William Poole
In the interview "My goal for inflation is zero" published this week, St Louis Fed President William Poole talks about the central bank's need to stay ahead of the curve when it comes to rising prices. He also said he believes that Fannie Mae and Freddie…
Alan Greenspan is the man!
It's no surprise that President George W. Bush has asked Alan Greenspan to re-enlist for a fifth four-year term as chairman of the Federal Reserve, this article says, especially since Bush pledged to do so one year ago. Comparing Greenspan to four other…
Decision on 'Mr Euro' delayed to September
Finance ministers from the 12-country eurozone have deferred until September a decision on creating a "Mr Euro" as the political face of the single currency.
Leeladhar, Gopinath tipped as RBI dep governors
Union Bank of India chairman V Leeladhar and Reserve Bank of India (RBI) executive director Shyamala Gopinath are set to take charge as future deputy governors of the RBI, The Economic Times reported this week.
National Bank of Slovakia - Annual Report 2003
The National Bank of Slovakia has published its Annual Report for the year ended 2003. A factor stabilising the Slovak economy in 2003 was the launch of the process of consolidation in public finances, causing the ratio of the public sector deficit to…
Trichet: The current state of the European economy
In a speech on 'The current state of the European economy and the ECB's monetary policy concept' given on 9 July, Jean-Claude Trichet of the ECB said it has only been possible to achieve low levels of market interest rates in the eurozone because of the…
Minutes from the Sveriges Riksbank Meeting, 23 Jun
Minutes of the Sveriges Riksbank Executive Board meeting on 23 June were published 8 July. One member summed up the discussion of the international economic situation, saying developments had largely confirmed the assessment in the previous Inflation…
Fukui on the Bank of Japan's Semiannual Report
In a speech concerning the Bank's Semiannual Report on Currency and Monetary Control given on 9 June (published 8 July), Toshihiko Fukui of the Bank of Japan said Japan's economy is expected to continue recovering as it gains further momentum gradually…