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Interview with World Bank's, Wolfowitz
In an interview published this week, before Paul Wolfowitz was confirmed as World Bank President, he says he believes deeply in the mission of the bank. Reducing poverty and promoting economic development are important things we need to do to leave our…
IMF names Saleh Nsouli director of Europe office
Anne Krueger, Acting Managing Director of the International Monetary Fund (IMF), named Saleh Nsouli as Director of the IMF's Offices in Europe on Monday.
Fukui sees return to growth for Japan soon
Bank of Japan governor Toshihiko Fukui told parliament that the nation's economy should return to sustained growth soon.
Gold sale plan would not hit market says IMF
Part of the International Monetary Fund's gold reserves could be sold to pay for its share of debt relief to poor countries without destabilising the market, according to Rodrigo Rato.
BOK records 150 billion won loss
The Bank of Korea revealed on Thursday 31 March that it made a loss in 2004 for the first time in 10 years due to large interest payments on bonds sold to adjust the nation's money supply.
ECB reveals gold sales; no more planned before Sep
The European Central Bank has completed a programme of gold sales amounting to 47 tons of gold, it said on Thursday 31 March.
Dodge on Canada's competitiveness
In a speech on 'Canada's competitiveness: The importance of investing in skills' given on 30 March, David Dodge of the Bank of Canada said that Canada must do a much better job of improving productivity to keep up with competition from rising economic…
BIS's Knight on an effective central bank
In a speech on 'Features of an effective central bank: some lessons of the past decade' given on 30 March, Malcolm Knight of the BIS said maintaining and furthering Brazil's achievements in the area of central bank independence and transparency would do…
Fed's Bernanke on implementing monetary policy
In a speech on 'Implementing monetary policy' given on 30 March, Ben Bernanke of the Federal Reserve said it is in the Federal Reserve's best interest to communicate effectively with financial markets.
Changes to New Zealand's 'silver' coins
The Reserve Bank of New Zealand announced on Thursday 31 March its decisions to modernise New Zealand's silver-coloured coins.
Malaysia says reserves well-diversified
Malaysia's international reserves are well-balanced and not excessive in US dollar holdings, Bernama news agency reported, quoting Bank Negara Malaysia (BNM) Deputy Governor Ooi Sang Kuang.
EU backs Wolfowitz nomination to World Bank
European leaders cautiously endorsed Paul Wolfowitz, the US nominee to head the World Bank, on Wednesday 30 March after promising to keep the institution "truly multinational."
IMF says Canada's economy strongest among G7
The International Monetary Fund praised Canada for its economic performance during the past decade on Tuesday 29 March, saying its economic outlook seems solid.
Hackers steal Russian central bank transactions
Russian hackers have stolen the database of central bank transactions from April 2003 to September 2004, the Vedomosti newspaper reported on Wednesday 30 March .
Fed's Geithner says central bank independence key
Timothy Geithner, president of the Federal Reserve Bank of New York said in a speech on Wednesday 30 March that central bank independence is a necessary condition for effective and credible monetary policy but it is not sufficient.
Transparency, disclosure and the Federal Reserve
This ECB Working Paper published on Wednesday 30 March assesses the change in Federal Reserve policy introduced in 1999, with the publication of statements about the outlook for monetary policy (and later about the balance of risks) immediately after…
Bank of England Inflation Attitudes Survey, Mar 05
The Bank of England's February/March 2005 Inflation Attitudes Survey asked about the future path of interest rates, with 56% expecting rates to rise in the next 12 months, only slightly down from the 57% recorded in November.
Before & after the Bank of England's independence
This Working Paper investigates how the increase in transparency brought about by the Bank of England's operational independence has changed the way in which markets react immediately after economic announcements.
The real effect of banking crises
This IMF Working Paper says banking crises are usually followed by a decline in credit and growth. It asks whether this is because crises tend to take place during economic downturns, or if banking sector problems have independent negative effects on the…
SARB's Quarterly Bulletin, March 2005
The South African Reserve Bank released its March 2005 Quarterly Bulletin on 30 March. In the Bulletin the SARB said higher oil prices and buoyant domestic demand are likely to put a floor under South African inflation in the near-term, but other factors…
Japan, France fin mins concerned over weak dollar
The Japanese and French finance ministers expressed concern about the weak US dollar and agreed to bring the issue before Group of Seven finance ministers meeting in April, officials said in Tokyo.
Brazil cuts inflation forecast amid slower growth
Brazil's central bank lowered its forecast for 2006 inflation, saying seven interest rate increases since September have helped reduce economic growth that was fueling a rise in consumer prices.
China plans gradual forex reform, says PBOC chief
China will reform its exchange rate regime gradually on a schedule of its choosing and does not plan simply to revalue the yuan, the governor of the People's Bank of China said in an interview.
US's Snow pleased with Brazil IMF decision
U.S. Treasury Secretary John Snow said in a statement on Monday 28 March that he was glad Brazil has decided it does not need a new International Monetary Fund loan accord.