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RBA's Stevens on Economic Conditions and Prospects
In a speech on 'Economic Conditions and Prospects' given on 17 September, Glenn Stevens of the Reserve Bank of Australia said thatthe world economy is still not entirely in the clear, but is better than it was, and a fair bit better than it might have…
G17 Plus moves to discredit Serbian c bank chief
Serbia's G17 Plus political party has filed an official request with the Serbian Constitutional Court to check the legality of central bank governor Kori Udovicki's appointment, according to Beta News.
Bosnian central bank chief allays bankruptcy fears
The Governor of the central bank of Bosnia-Hercegovina, Peter Nicholl, has rejected claims that the country could soon go bankrupt, saying that foreign debt is moderate, according to a report by HINA news agency.
Cuba central bank chief says forex control working
Cuban central bank President Francisco Soberon said on September 15 that foreign exchange controls on state enterprises has substantially increased the central bank's reserves and made it easier to implement monetary policy, according to Reuters.
Fed economist- Inflation target brings credibility
St. Louis Fed economist William Gavin said on Monday 15 September that a formal inflation target would not be a big constraint on the Fed's freedom to set monetary policy and that the U.S. central bank's current commitment to keeping inflation stable was…
BoE Nickell: HICP will not affect monetary policy
Speaking on September 16 Bank of England Monetary Policy Committee member Stephen Nickell said, according to AFX UK, that the move to the HICP measure of inflation later this year would have little noticeable difference in the short run and in the long…
Bank of Japan upgrades view of economy
The Bank of Japan raised its assessment of the Japanese economy in its September monthly report, published on September 16. According to Associated Press, the report said that "Economic activity still continues to be virtually flat as a whole although…
Why inflation targeting is an inexact science
An article in the Independent says that in the past stronger-than-expected growth might have been a good reason to raise interest rates but if, today, stronger than expected growth results from the same process as lower-than-expected inflation, all our…
Tumpel-Gugerell on payments and confidence
In a speech on 'Payments and confidence - the views of the Eurosystem' given on 16 September Gertrude Tumpel-Gugerell of the ECB said the ECB - entrusted with the objective of the smooth functioning of payment systems - plays its role as a "watchdog" for…
Nickell on Two Current Monetary Policy Issues
In a speech on 'Two Current Monetary Policy Issues' given on 16 September Stephen Nickell of the Bank of England said in the long run, thanks to differences in computational methods and the absence of the housing depreciation and council tax elements,…
RBNZ Monetary Policy Challenge winner announced
Tawa College, Wellington, has won the Reserve Bank of New Zealand's 2003 Monetary Policy Challenge school competition, held on 16 September.
Bank of Spain's Jaime Caruana on Basel II
In an interview with reuters, the Governor of the Bank of Spain, Jaime Caruana, said there is a unanimous understanding of the need for Basel II. .It is a completely new approach and in that sense you could say that it is a kind of revolution. He…
Malaysian c bank's Zeti says ringgit peg to remain
Malaysia's central bank chief Zeti Akhtar Aziz told reporters that the government will only make a review on re-pegging the ringgit if there is a significant fundamental structural change within the region, AFX Asia said.
Bank of France expects modest recovery
The Bank of France said on September 15 it expects French gross domestic product to expand 0.3 percent on a quarterly basis between July and September, reversing the second quarter's 0.3 percent contraction, according to the Associated Press.
German regulator in pledge over new Basel code
Germany's main financial regulator has pledged to implement changes for the new international capital adequacy requirements by 2006, the Financial Times reported. The initiative comes as attempts to reach agreement over the Basel II code suffered a…
China says no currency revaluation soon
Li Yang, a member of the People's Bank of China monetary policy committee, said China will keep the value of its currency, the yuan, stable but gradually allow it to trade in a wider range, according to a report from the Associated Press.
Philippines central bank targeted with phone scam
Fraudsters in the Philippines are offering members of the public the chance to win the "anniversary raffle" of 2 million pesos, Reuters reported. People are told to call a number where they will hear a recorded message from the central bank governor…
RBZ governor's post not offered to anyone
Highly-placed Government sources said at the weekend that the post of Reserve Bank of Zimbabwe governor has not been offered to anyone, the Zimbabwe Herald said. Reports last week said that Government interference in the running of the RBZ was scaring…
Euro rejection will cost Sweden: Prodi
Sweden's "nej" to the euro on September 14 will have both an economic and political price to pay, European Commission president Romano Prodi said. Final results showed the vote split decisively in favour of the no's on 56% against 42% in favour of…
European Parliament on the referendum in Sweden
The Chair of the European Parliament's Committee of Economic and Monetary Affairs Christa Randzio-Plath said on September 15 that the Swedish euro vote shows that we politicians have been unable to get the message across to voters - that the Euro will…
HKMA Quarterly Bulletin, September 2003
The Hong Kong Monetary Authority (HKMA) on September 15 published the latest issue of its Quarterly Bulletin. This issue contains feature articles including "The Profitability of the Banking Sector in Hong Kong" - analysing the evolution of profitability…
South African Reserve Bank - Annual Report 2003
The South African Reserve Bank has published its Annual Report for the year ended 2003. Developments and concerns about the growth prospects of major industrialised countries had a significant impact on South Africa's economic performance during the past…
The Riksbank on the result of the euro referendum
Statement by the Sveriges Riksbank on the decision of Sweden to reject the introduction of the euro on September 14. "The result of the referendum means that the forecasts of inflation in Sweden 1-2 years ahead will continue to determine the way monetary…
IMF launches website in Arabic
The International Monetary Fund (IMF) on September 11 launched an Arabic language section of its website that provides information about the IMF in Arabic.