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Forrest Capie to write next volume of BoE history
Forrest Capie, Professor of Economic History at the Cass Business School, has accepted an appointment to write the next volume of the Bank of England's official history.
SARB Financial Stability Review, March 2004
The South African Reserve Bank has published the first edition of its Financial Stability Review for March 2004. This explains some of the approaches used in both a quantitative analysis of the various financial-stability indicators and a qualitative…
Fed's Bies: Financial innovation & risk management
In a speech on 'Financial Innovation and Effective Risk Management' given on 6 May, Susan Bies of the Federal Reserve said banks should take care to safeguard their reputations when considering whether to be involved in complex deals aimed at helping…
Fed minutes show concern at ultra-low rates
Some FOMC members expressed concern at their March meeting that a long period of ultra-low short-term interest rates might lead to increased speculation in financial markets, according to Federal Reserve minutes released ON Thursday 6 May.
Redesign of the Bundesbank's website
The Deutsche Bundesbank has launched its redesigned website. Two key objectives have been achieved, the bank said. Completely barrier-free access to the website and consistent, uniform structuring of complex material in an attractive design, retaining…
Japan's Fukuma on economic & financial trends
In a speech on 'Recent Economic and Financial Developments' given on 25 March, Toshikatsu Fukuma of the Bank of Japan said in order for Japan to steadily regain the national wealth lost in the collapse of the bubble and to lay the foundations for future…
BOJ outlook on Economic Activity & Prices, April
The Bank of Japan has published its April 2004 report "Outlook for Economic Activity and Prices". Japan's economy has continued to recover at a moderate pace since the second half of 2003. In 2004, the economy is expected to continue its recovery as…
ECB holds rates, sees improving eurozone economy
European Central Bank President Jean-Claude Trichet said on Thursday 6 may that after a "mixed" set of economic indicators for the 12-country eurozone so far this year, the most recent data appeared to be more "encouraging".
Azerbaijan selects TietoEnator card system
The National Bank of Azerbaijan has contracted with TietoEnator for the supply of a payment card system, which will be deployed at a new national processing centre.
Japan denies US warning was behind forex halt
A senior Japanese Finance Ministry official on Thursday 6 May denied speculation that Japan halted intervention in the foreign exchange market in April because of warnings against the operations from the United States.
Polish national bank urges fast euro entry
The National Bank of Poland has said Poland and other recent entrants to the European Union would be well advised to join the eurozone without delay.
Fed's Greenspan on globalization and innovation
In a speech on 'Globalization and innovation' given on 6 May, Fed Chairman Alan Greenspan said continued globalization and innovation are helping reduce the dangers of a disruptive correction of the U.S. international trade imbalance.
Philadelphia Fed Business Review, 2nd Quarter 2004
The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Second Quarter 2004. In this issue, President Santomero talks about the role of beliefs in economics and monetary policy. Other articles cover the benefits of…
National Bank of Poland - Annual Report 2002
The National Bank of Poland has published its Annual Report for the year ended 2002. Developments in monetary policy encouraged the curbing of inflationary pressures and there was a marked slowdown in the annual total money supply growth, notes and coin…
Olson: The FOMC & the formation of monetary policy
In a speech on 'The Federal Open Market Committee and the Formation of Monetary Policy' given on 5 May, Mark Olson of the Federal Reserve said multiple policy objectives of maximum employment, price stability and moderate long-term interest rates make…
Trichet on the current state of EU banking sector
In a speech on 'The current state of the EU banking sector' given on 5 May, Jean-Claude Trichet of the ECB said a number of challenges remain both for banks and authorities, in particular, in the structural domain. Several EU countries are still faced…
Bank of England raises interest rates to 4.25%
The Bank of England's Monetary Policy Committee voted on Thursday 6 May to raise the Bank's repo rate by 0.25 percentage points. In a statement the MPC said although inflation was likely to remain below the 2% target in the near term inflationary…
Central Bank of Sri Lanka - Annual Report 2003
The Central Bank of Sri Lanka has published its Annual Report for the year ended 2003. In 2003, Sri Lanka's economy recorded a real GDP growth of 5.9 per cent. This growth indicated the progress made by Sri Lanka to improve economic growth and…
Fed study says US deflation risk was overstated
A new study from the Federal Reserve Bank of Atlanta says risks of U.S. deflation may have been overstated, blaming the scare last year on rent and used car prices rather than widespread disinflation.
Trichet calls for banking consolidation in Europe
European Central Bank President Jean-Claude Trichet on Wednesday called for further consolidation in the European banking sector and said that cross-border tie-ups were likely to accelerate in future.
Dallas Fed conference on euro successes/challenges
The Federal Reserve Bank of Dallas and University of Texas at Austin will host an assembly of key economists and European central bankers on 14 May to discuss the euro's successes and assess challenges it now faces.
New law to streamline central bank of Iraq
The civil authorities of the US occupation forces in Iraq have issued a new law to streamline the working of the country's central bank, reports Xinhua.
BIS warns over fake website
The Bank for International Settlements (BIS) on Tuesday warned that its name and logo were being used in scams to defraud the public with offers of consumer banking services.
Fed holds rates, drops patient pledge
The Federal Open Market Committee decided Tuesday to keep its target for the federal funds rate at 1 percent. In its statement it dropped the "can be patient" phrase used previously, saying interest rates can rise "at a pace that is likely to be measured…