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Interview with Mervyn King
In an interview with Scotland's The Herald newspaper published 15 June, Mervyn King said that the Monetary Policy Committee was not in the business of trying to shock consumers or the market and would only do so when the situation had materially changed…
King on house price inflation in UK
In a speech given on 14 June Mervyn King of the Bank of England said the risk of a decline in UK house prices is increasing, despite the central bank's latest attempt to cool the housing market after raising interest rates four times since November. He…
PBOC official says no rate increase planned
People's Bank of China spokesman Bai Li said thsat he was unaware of any submission of detailed plans to raise interest rates to the State Council, according to a report published on Monday 14 June .
Japan economy on recovery road, says Takenaka
Japan's Economic and Financial Services Minister Heizo Takenaka said on Sunday 13 June that the rise in JGB yields reflected an expectation of further economic recovery. Separately Masakazu Hayashi told a news conference the government wanted the Bank of…
Minn.Fed's Stern oil hikes may not bring inflation
Gary Stern, the president of the Federal Reserve Bank of Minneapolis, said on Sunday that rising energy prices do not necessarily signal inflation, which he called "a monetary phenomenon."
IMF's Rato calls for structural reforms
The IMF is calling on Europe and Japan to promote sustainable economic growth through structural reforms, said the fund's managing director Rodrigo Rato.
Norges Bank - Annual Report 2003
The central bank of Norway, Norges Bank, has published its Annual Report for the year ended 2003. The international growth outlook deteriorated through the first half of 2003. Developments in the Norwegian economy were also weaker than projected earlier,…
IMF's Carstens on anti-money laundering
In a speech on 'Anti-Money Laundering and Combating the Financing of Terrorism: The Challenges Ahead' given on 4 June, Agustin Carstens of the IMF said since global efforts to combat AML/CFT began in the early 1990's, there have been many successful…
Minutes from the Sveriges Riksbank Meeting, 27 May
Minutes of the Sveriges Riksbank Executive Board meeting on 27 May were published 11 June. All the members expressed greater certainty over the recovery both in Sweden and abroad and said that there were factors, such as the rise in long-term interest…
Bank of Canada Financial System Review, June 2004
The Bank of Canada published its semi-annual Financial System Review on 10 June. Economic forecasts of global growth in 2004 have been revised upwards significantly. In addition, favourable financing conditions and the efforts of firms to restructure…
Norway's Gjedrem on monetary policy and the krone
In a speech 'On monetary policy and the krone' given on 7 June, Svein Gjedrem of Norges Bank said that with the current low level of inflation, it is appropriate to be particularly vigilant with regard to developments in consumer prices. However,…
Cleveland Fed's Pianalto on monetary policy II
In a speech on 'A perspective on monetary policy II' given on 11 June, Sandra Pianalto of the Federal Reserve Bank of Cleveland said the central bank's target rate of 1 percent "is too low to be sustainable."
IMPLEMENTING BASEL II
The Basel Committee's new capital accord will be signed at the end of June, and implemented from the end of 2006 onwards. Nick Le Pan, Canada's leading supervisor is vice chairman of the committee and gave an exclusive interview to The Financial…
T&T central bank marks 40th anniversary
Trinidad and Tobago's central bank marked its 40th anniversary on Friday 11 June by reflecting on a problem that could lay low prospects for Caribbean development.
Fed must protect inflation credentials-Guynn
The Federal Reserve must heed signs of brewing inflation to protect its key weapon against price pressures - its credibility, a top Fed official said on Friday.
Putin asks CBR to restore banking order
Russian President Vladimir Putin called on the Central Bank of Russia (CBR) on Friday "to restore order" in Russia's banking sector.
Korea cuts coin issue
The amount of coins issued by the Bank of Korea was cut sharply last year because of declining demand, the central bank said this week.
Bulgaria stretches path to euro
Bulgaria will join the single European currency no earlier than July 1, 2009 according to a source quoted by Novinite.
Reform of card payment systems in Australia
The Reserve Bank of Australia is considering whether it would be in the public interest for it to designate the EFTPOS payment system and the ATM payment system in Australia. Doing so would be a precursor to the bank deciding whether to determine…