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International Journal of Central Banking
The Bank for International Settlements (BIS) on Monday 26 July announced plans to support the development of a new publication focused on central bank theory and practice and issued a call for research papers.
Should the Fed adopt IT?
Adopting IT (inflation targeting) is the key policy debate among the US Federal Reserve. The debate has been set alight by Ben Bernanke, a keen inflation targeter, joining the Board of Governors. To understand this key debate, CentralBankNet brings a…
Singapore's MAS likely to get new chief soon
Speculation is growing that the handover on 12 August of leadership in Singapore will lead to a change at the helm of the de facto central bank, the Monetary Authority of Singapore. Observers are split on two possible candidates to replace current…
Argentina raises 2004 economic growth prediction
The Argentinian central bank on Thursday 22 July revised its forecast on the country's GDP growth rate for 2004 from 6 to 8 percent. The bank also predicted that the inflation rate will stand at 6.7 percent and the unemployment rate will drop from 14.5…
Bank of England's furniture goes under the hammer
The Bank of England raised £266,605 on Wednesday 21 july by auctioning antique furniture after the 310-year-old institution adopted an open-plan layout at its London headquarters.
Slovak central bank opens tender for euro designs
The Slovak National Bank (NBS) has called for proposals for the symbols to be featured on the euro coins to be used in Slovakia once the country adopts the single European currency.
Bank of Russia to introduce new banknotes
The Russian central bank plans to introduce modified banknotes with the denominations of 10, 50, 100, 500 and 1,000 rubles from 16 August, first deputy chairman Arnold Voilukov said at a press conference.
Bank of Canada Monetary Policy Report Update
The Bank of Canada released its Update to the April Monetary Policy Report on 22 July. The Update discusses current economic and financial trends in the context of Canada's inflation-control strategy. Economic growth in Canada should average about 3.5…
Fukui on the future of Japan's economy
In a speech on 'Significance of efficient financial services for the future of Japan's economy' given on 22 July, Toshihiko Fukui of the Bank of Japan said we have promised that we maintain our current easy monetary policy until nationwide core consumer…
ECB information on the counterfeiting of the euro
In the first half of 2004, a total of 307,223 counterfeit euro banknotes were withdrawn from circulation, the European Central Bank (ECB) said on 22 July.
Summary of Bank of England's BCCI defence so far
The Bank of England started its defence in the BCCI case on Monday 19th July. After today (23 July), the Court will break until Monday 27 September. As the BCCI trial does not progress further until late September, here is a brief summary of what Nick…
Miner finds $10m diamond in Guinea Republic
A miner in Guinea struck lucky this week when his shovel unearthed a 182-carat diamond estimated to be worth $10 million. The rock is now under armed guard in Guinea's central bank.
RBA's McGauchie promoted at Telstra Corp
Donald McGauchie, an external board member of the Reserve Bank of Australia, has been promoted to chairman of Telstra Corp, Australia's largest phone company.
Bundesbank introduces new code of conduct
The Deutsche Bundesbank announced this week that it was introducing a code of conduct for members of its executive board. The new rules oblige the eight board members to hold office in a way that is "independent and avoids bias and personal gain."
Duisenberg plans visit to Kuala Lumpur
Former European Central Bank President Wim Duisenberg will visit Kuala Lumpur in September to deliver a talk on "The Euro and Asia", to be hosted by ABN AMRO Bank Bhd, the Malaysian Dutch Business Council (MDBC) and the Royal Netherlands Embassy, Bernama…
Mboweni discusses his future with Mbeki
South African Reserve Bank governor Tito Mboweni is currently in discussions regarding his future at the SARB, a government spokesman said. Mboweni's current contract is due to expire at the end of next month.
IMF chief Rato details Africa visit
International Monetary Fund managing director Rodrigo Rato will visit three African countries in August for talks on poverty reduction and other challenges on the continent.
Bosnia & Serb cbs sign memorandum of understanding
National Bank of Serbia (NBS) Governor Radovan Jelasic on Wednesday 21 July in Banja Luka signed a memorandum of understanding and cooperation in the field of regulation of banking operations with Central Bank of Bosnia and Herzegovina CBBH) Governor…
Bank of Central Africa to use CMA payment system
The Bank of Central Africa is implementing a real-time gross settlement (RTGS) platform supplied by Stockholm-based CMA Small Systems.
ECB's Issing sees stronger eurozone growth
European Central Bank chief economist Otmar Issing said he expects next year's growth in the euro area will gain further strength and the inflation rate would be below 2pc.
ECB's Weber: No inflation pressure in medium-term
The European Central Bank "does not currently see inflationary pressures in the medium term" in the 12-country eurozone, Bundesbank President Axel Weber said in a newspaper interview published on Thursday 22 July.
MAS - Annual Report 2003-2004
The Monetary Authority of Singapore has published its Annual Report for the year 2003-2004. In remarks to the Annual Report press conference on 21 July, Managing Director Koh Yong Guan said the Singapore economy experienced a difficult first half last…
Hurley on economic developments in Ireland
In a speech on 'Economic developments in Ireland and other issues' at the presentation of the Annual Report given on 12 July, John Hurley of the Central Bank and Financial Services Authority of Ireland said 2003 was a very significant year. We have been…
Le Pan on implementation of Basel II - next steps
In a speech on 'Implementation of Basel II - the next steps' given on 6 July, Nicholas Le Pan, Chairman of the Basel Accord Implementation Group, said cost effective implementation is in the interest of not only banks but of supervisors. Supervisors don…