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Uzbek central bank denies currency reform
First Deputy Chairman of the Uzbek central bank Muhammad Jumageldiyev has dismissed rumours that Uzbekistan is planning to replace its existing currency denominations.
Brazil to pursue 5.5% inflation target: Meirelles
Brazil's Central Bank President Henrique Meirelles said on Friday 19 March that he will continue to pursue a 5.5% inflation target "to guarantee growth of 3.5% or more" this year.
Japanese Fin Min praises Fukui's first year
Japan's Finance Minister Sadakazu Tanigaki said on Friday 19 March that Bank of Japan Governor Toshihiko Fukui acted "appropriately and boldly" in his first year as head of the central bank.
GCC plans economic coordination monetary fund
The Gulf Cooperation Council (GCC) is considering creating a monetary fund to coordinate economic and fiscal policies between member states and ensure the success of the planned monetary union, it was reported on Friday 19 March .
Philadelphia Fed Business Outlook Survey, Mar 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, March 2004 activity in the region's manufacturing sector continues to improve.
Norway's Gjedrem on monetary policy & economics
In a speech on 'Monetary policy and the economic outlook' given on 19 March, Svein Gjedrem of Norges Bank said that the upturn has both broadened out and gained momentum in the past months. All sectors report stable or increasing demand and sales. The…
Minutes show Fed wanted increased flexibility
The FOMC was unanimous at their January meeting that they should ditch a pledge to keep interest rates low for "a considerable period" in favour of wording that would increase their flexibility, minutes showed Thursday.
Taiwan markets jittery after President shot
Taiwan markets were nervous on Friday 19 March after President Chen Shui-bian survived an assassination attempt on the eve of a presidential election. The central bank said it would intervene to stabilise the currency where necessary.
BoE's Tucker on financial markets dialogue
In a speech to the National Association of Pension Funds given on 19 March Paul Tucker of the Bank of England said that with interest rates at 4%, monetary policy is still "stimulating the economy". He comments, "If, as projected, output continues to…
Brash unimpressed with RBNZ's plans
Former RBNZ chief Don Brash said this week that while the high value of the New Zealand dollar was hurting the economy, any attempt to intervene would be fraught with risk.
RBI staff 'are grossly underpaid'
The Reserve Bank of India's Officers Association (RBIOA) has demanded that pay be linked to other central banks, saying a tiger must be compared with a tiger.
France 'won't back Rato's IMF candidacy'
Outgoing Spanish Economy Minister Rodrigo Rato emerged as a leading European candidate to head the IMF this week, but his chances of getting the nod were later thrown into doubt following comments attributed to Jacques Chirac.
Court hears Eddie George was misled over BCCI
The court case into the collapse of the BCCI in London heard this week that former Bank of England governor Eddie George was misled by a senior official at the Bank.
Poland may replace three board members
Reports say that National Bank of Poland governor Leszek Balcerowicz will soon replace three members of the management board of the NBP, Jerzy Stopyra and Andrzej Bratkowski, while the third name is still unknown.
Former CBI governor's death commemorated
A commemoration ceremony was held in memory of the late Mohsen Nurbakhsh, the former head of Central Bank of Iran (CBI) last Saturday, 13 March.
Serbia moves on central bank voting scam
Serbia's state prosecutors have ordered an investigation of a member of parliament on suspicion of abuse of another MP's electronic voting card in the election of national bank governor Kori Udovicki.
Paint thrown at World Bank president
Anti-globalisation activists pelted World Bank chief James Wolfensohn and Slovenia's finance minister with green paint on Thursday.
Ticking clock sees RBNZ evacuated
The Reserve Bank of New Zealand was evacuated on Thursday 18 March after a ticking parcel was found on the 10th floor of the building in Wellington.
Switzerland holds key rate unchanged
Switzerland's central bank said on Thursday it was leaving its key interest rate unchanged, cautioning that an upswing in Switzerland's faltering economy was not yet assured.
Russia-Belarus Union budget gets second reading
The Russia-Belarus Union budget will be submitted for its second reading to the Parliamentary Assembly in Moscow on March 25, Russian State Duma Speaker Boris Gryzlov has declared.
Bulgaria, IMF to agree anticorruption package
During the forthcoming IMF mission at the end of March Bulgaria will agree a package of measures to fight corruption.
Japanese officials say intervention not over yet
Japanese officials continued their battle with foreign exchange markets on Thursday 18 March as the yen surged against the dollar, warning they will act against sudden moves, but only when necessary.
Eurozone inflation slows to 1.6 percent
Eurozone annual inflation slowed to 1.6 per cent in February, its lowest level since November 1999, data from the European Union's statistics agency showed on Wednesday 17 March.
Combined ATM system starts in Pakistan
Dr Ishrat Husain, the governor of the fState Bank of Pakistan (SBP), has inaugurated the two ATM switches, Mnet and 1-Link, at a ceremony held at the SBP building.