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Dallas Fed McTeer says US payrolls jump good news
In response to audience questions after a speech given on Monday 10 November Dallas Fed chief Robert McTeer said he thought the Bank of England and RBA's recent decisions to increase interest rates should be given the benefit of the doubt and assume they…
Moskow: No reason to change accommodative stance
Michael Moskow, the Chicago Fed president, said on Monday US jobs growth was encouraging and it was important to continue the relaxed monetary stance the FOMC currently holds, to provide some "insurance" against an unwelcome bout of disinflation, Reuters…
Bank of Ghana - Annual Report 2002
The Bank of Ghana has published its Annual Report for the year ended 2002. In the foreword to the Annual Report governor Paul Acquah said 2002 was an important one in the history of Bank of Ghana. The Bank of Ghana Act was signed into law in January 2002…
Ex -cb chief runs for presidency of Mauritania
Ahmed Ould Daddah, the brother of Mauritania's first president, Mouktar Ould Daddah, who died last month, is a veteran politician and head of the opposition Union of Democratic Forces-New Era. The 70-year old is also a former governor of the central bank…
New RBZ governor speaks of challenges ahead
Gideon Gono was appointed governor of the Reserve Bank of Zimbabwe last week. Gono, a prominent banker, was appointed by President Mugabe and follows the announcement of a planned overhaul of the central bank. After accepting the job Gono spoke of it as…
Sierra Leone appoints a new deputy governor
Mohamed Sanpha Fofanah has been appointed the new deputy governor of the central bank of Sierra Leone, PANA News said. He replaces Melvin Tucker who was described in an official statement, the report said, as "the encyclopaedia of the central bank".
Executives face pay cut at Bank of Japan
The Bank of Japan (BOJ) said last Tuesday that it will cut annual pay for its executives for fiscal 2003 by 2.9% from the previous year, Kyodo News reported. The decision follows a cut by the same margin in fiscal 2003 pay for special government…
World Bank hails currency conversion in Uzbekistan
David Pearce, resident representative of the World Bank in Uzbekistan, told a press conference in Tashkent that the World Bank welcomed national currency conversion in Uzbekistan. Interfax said. However, the World Bank is not satisfied with the results…
Chicago Fed's Moskow on U.S. Monetary Policy
In the speech 'U.S. Monetary Policy' given on 10 November Michael Moskow of the Federal Reserve Bank of Chicago said the desirability of a specific inflation target or range has been the subject of public debate among FOMC members. Moskow also said…
Ministry of Finance, BOK to exchange key personnel
Korea's Ministry of Finance and the Bank of Korea plan to exchange officials between the two organisations to build greater cooperation between themselves. The plan would allow for a greater exchange of know-how on critical economic issues, which the…
Trichet says G10 expect global economic recovery
ECB president Jean-Claude Trichet said on 10 November following the Bangkok meeting of G10 central bankers that each central bank was "making and doing what was necessary in its own environment" to keep interest rates at appropriate levels. Trichet said…
China's yuan not raised at G10 meeting-Thai c bank
The governor of the Bank of Thailand Pridiyathorn Devakula told reporters on Monday the issue of China's exchange rate policy was not raised at the G10 meeting of central bankers in Bangkok.
Australia's RBA upbeat on economy
The Reserve Bank of Australia said in its monetary policy statement 10 November "The economic situation has evolved rapidly over months, both in Australia and abroad." The report paved the way for further interest rate increases, AFP said, as housing…
Zeti sees Malaysia keeping ringgit peg
Speaking at the closing session of Morgan Stanley's Asia Pacific summit, the chief of Malaysia's Bank Negara, Zeti Akhtar Aziz, said rising asset prices and consumer debt are not a problem in Malaysia. He also said Malaysia won't review its ringgit peg,…
Meirelles: Brazil interest rates will keep falling
Bank of Brazil president Henrique Meirelles said Friday, according to AE Brazil, that low inflation could mean interest rates will continue to fall from the current 19%. Speaking ahead of a sovereign debt conference at the Dallas Federal Reserve Bank,…
IMF's Koehler to visit Eastern Europe this week
IMF Managing Director Horst Kohler will visit Armenia, Kazakhstan, Kyrgyz Republic, Russia and Tajikistan this week. The trip includes a speech at the International Conference on the Occasion of the Tenth Anniversary of the Introduction of the Tenge -…
RBA Statement on Monetary Policy, November 2003
The Reserve Bank of Australia released its November 2003 Statement on Monetary Policy on 10 November. The RBA said it expects inflation to fall in the short term as the higher $A flows through to import prices, but then sees it picking it up again to…
Belgian demotion scandalises ECB insiders
CentralBankNet Special Feature: the sudden replacement of former Belgian central bank vice governor Marcia De Wachter by a political insider close to the new Belgian government has scandalised the top echelons of the Eurosystem. CentralBanknet reports on…
KPMG selected as National Bank of Bulgaria auditor
KPMG was chosen on 7 November to audit the National Bank of Bulgaria's accounts a report said. Other candidates for the job were Ernst & Young and Deloitte & Touche, Novinite reported.
Crisis at Bangladesh Bank may be resolved
The recent problems at Bangladesh Bank may be resolved soon after reports that central leaders of the ruling Bangladesh National Party (BNP) are in favour of withdrawing the action taken against the BB officers and employees. The New Nation reported the…
Chile c bank hints at further interest rate drop
Chile's central bank said Thursday it did not rule out further cuts to its historically low interest rates in an effort to further encourage the economic recovery. Despite low interest rates, inflation has remained under control and even fallen more than…
Interest rates can stay low says Fed governor
Federal Reserve governor Ben Bernanke said on 6 November there was "considerable scope" for US interest rates to remain at the current low rates without risking inflation. Bernanke told a conference sponsored by Carnegie Mellon University that he…
Fed chief Greenspan hints end near for low rates
Fed Chairman Alan Greenspan suggested on 6 November that the end may be in sight for very low interest rates. Greenspan gave an optimistic assessment of the US economy's prospects for strong growth and appeared to depart from the FOMC's commitment to…
Trichet warns EU over budget deficits
Jean-Claude Trichet issued a stern warning on 6 November to both eurozone governments and the EU Commission in Brussels that meddling with the rules of the Stability and Growth Pact would put the overall credibility of monetary union and economic…