Monetary Policy

Yugoslav bank chief says citizens want reforms

YUGOSLAVIA - People who brought about changes in Serbia on 5 October 2000 still have a majority in Serbia; generally, this is good news for reforms, Mladjan Dinkic, governor of the National Bank of Yugoslavia (NBJ), stated Tuesday.

Malta's Monetary Policy Advisory Council set up

MALTA - Following the entry into force on 1 October 2002 of the amendments to the Central Bank of Malta Act, the Monetary Policy Advisory Council has been constituted under the provisions of the same Act. This Council is responsible to advise the…

Speech by B Gunnarsson, Bank of Iceland, 13 Sep

SPEECH - In a speech titled 'Iceland in a Global Setting' Gunnarsson said Iceland has followed the path of many countries, including the Nordic Countries, in liberalising its economy, both internally and externally. The economy has been exposed to market…

CentralBankNet Monday Special Feature

SPECIAL FEATURE - Andrew Large became the latest member of the Bank of England's Monetary Policy Committee (MPC) to be quizzed by the panel of UK politicians which make up the Treasury Committee on Monday 23 September. In today's Special Report we ask…

Speech by 2nd Minister for Finance, MAS, 23 Jul

SPEECH - In the speech the Minister for Health and Second Minister for Finance said the banking industry in Singapore has introduced new technologies to improve this cheque clearing process. He gives an example of this is the magnetic-ink character…

Reserve Bank of New Zealand Bulletin, September

REPORT - The Reserve Bank of New Zealand on Monday released the September 2002 issue of their Bulletin. This issue of the Bulletin explores aspects of the two core objectives of modern central banks - price stability and financial system stability.

Minutes of the Federal Open Market Committee

MINUTES - The Federal Reserve on 26 September released the minutes of its FOMC meeting of 13 August. All the members indicated that they could accept, and most said they preferred, a proposal to shift the Committee's assessment of the risks to the…

GCC central bank & monetary union - How realistic?

ARTICLE - The year is 2010. A young Harvard-educated Saudi, Khalid Al-Ibrahim, has just been named the first president of the new Gulf Central Bank (GCB). He is assisted by a board of directors comprising five other members, mostly former central bankers…

Monetary Hawks and Doves

ARTICLE - In an article from the Ludwig von Mises Institute Mark Thornton, a senior fellow of the Mises Institute, suggests that differences occur in the propensity for Fed governors to be given the tag of either dove or hawk on their FOMC voting habits…

Polish central bank confirms 2003 inflation target

POLAND - Criticism of the government's 2003 budget draft has begun to eat into some of its expectations. The Monetary Policy Council (RPP) and central bank are especially dubious with regard to the economic growth rate, set at 3.5 percent by Finance…

Speech by Lars Nyberg of Sveriges Riksbank, 16 Sep

SPEECH - In the speech titled 'IT in the financial sector' Nyberg said it was the case that IT, while increasing both the efficiency and security of the financial system in general and the payment system in particular, also increases operational risks.

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