Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Fed Reserve Bank of Boston - Annual Report 2002
The Federal Reserve Bank of Boston has published its Annual Report for the year ended 2002. In the report President Cathy Minehan said information learned in 2002 through new Federal Reserve research that the use of checks is declining faster than had…
UK 'should join euro' when economics are right
The UK chancellor Gordon Brown confirmed on Monday 9 June that only one of the five economic tests had been passed for Britain's entry to the euro. He also set out measures that would increase economic convergence between the UK and eurozone saying he…
Anti-money laundering FATF urge Indonesia to act
The Financial Action Task Force on Money Laundering could impose high-risk premiums on all financial transactions by Indonesian financial institutions if the government fails to amend the current anti-money laundering law by September, Dow Jones reports,
RBA chief Macfarlane denies conflict with gov't
Reserve Bank of Australia governor Ian Macfarlane said on Sunday 8 June that although there may be differences of opinion between the Treasury and the Bank's board there was no conflict between the RBA and the government, according to The Australian.
BOJ's Fukui may detail plan to buy corporate debt
Governor of the Bank of Japan Toshihiko Fukui is likely to spell out this week details of a plan to buy corporate debt to make it easier for companies to borrow, according to Bloomberg News.
U.K. Euro Decision: Assessment and Analysis Guide
A report published on Monday 9 June by Bloomberg News provides a concise guide to the UK decision on the euro. It lists the five tests and the 18 separate studies used in the decision process as to whether to call a referendum on adopting the euro in the…
Cash crisis forces U.S. to print Saddam banknotes
The acting central bank governor of Iraq, Faleh Salman, says the Bank has been forced to print millions of 250 dinar bank notes with Saddam Hussain's face on them. Presses started up last week, Reuters reported, after Iraqi workers refused to accept the…
Working group meets on Russia, Belarus currency
Russia's president Putin met his finance minister on Monday 9 June to discuss the introduction from 2005 of the Russian rouble to Belarus as a single payment unit, according to a report by Pravda.
Solomon Islands cb chief won't stand for 3rd term
Ric Hou, the governor of the Solomon Islands central bank has said he will not stand for a third term. He called on his successor to ensure the central bank remains independent of government interference.
Book published on ECB's 2nd conference
The European Central Bank (ECB) has published a book entitled "The transformation of the European financial system", containing the proceedings (papers, discussants' comments and summaries of the general discussions) of the Second ECB Central Banking…
Stewart to be acting CEO of NY Fed
The Federal Reserve Bank of New York said on Thursday 5 June that Jamie B. Stewart will act as chief executive officer of the bank as of June 11, while the search for the new president continues. He will also serve as a voting member of the Federal Open…
Sveriges Riksbank Inflation Report, No.2, 2003
Sweden's central bank published its Second Inflation Report for 2003 on 5 June. In the report the Riksbank said CPI inflation is expected to be 1.2 per cent one year ahead and 1.8 per cent two years ahead while the degree of uncertainty in the…
Sweden's Riksbank cuts rates by 0.5%
The Sveriges Riksbank announced on Friday June 6 that it was reducing its repo rate from 3.5 per cent to 3.0 per cent based on the picture of future inflation presented in its Inflation Report and no clear indication of a strengthening in economic…
ECB press conference on Governing Council mtg
At the ECB's post-meeting press conference Thursday Wim Duisenberg said the Governing Council had decided the outlook for price stability over the medium term has improved significantly since the last decision to lower interest rates in March, and as a…
More dynamic BOJ sees off media critics
Senior BOJ staff professes themselves pleased with the public relations impact of the more active communications strategy followed since Toshihiko Fukui took over from Hayami-san as governor in March. "Even Yomiuri Shimbun has stopped criticizing us,"…
CentralBankNet Monday Special Feature
CentralBankNet looks into the Bank of England's forthcoming trial over its regulation of the now-liquidated Bank of Credit and Commerce International and finds the implications of a loss in court disturbing.
New York Fed has problems replacing McDonough
The New York Fed has turned to a headhunter for help to find a successor to its outgoing governor Bill McDonough, the Financial Times reports. Jamie Stewart, the bank's first vice-president, will perform his functions in the interim.
Kreuger gloomy in Tokyo
IMF deputy managing director, Anne Kreuger brought a gloomy message to Tokyo on June 4. She commented "The outlook is for continued sluggish economic growth and for deflation to remain entrenched. At the same time, a major concern is the rapidly rising…
Kohler on Public-Private Partnership
Speech by Horst Kohler, Managing Director, International Monetary FundAt the Spring Membership Meeting of the Institute of International FinanceBerlin, June 4, 2003
Malta central bank anniversary concert
The Central Bank of Malta is to hold an anniversary concert which will include Mozart's Requiem, according to a report by MM News.
Forex reserves to record highs in India, Pakistan
Forex reserves in India and Pakistan have reached record highs this week, Business Line, India, reports.
Sound economics help - Dodge speech
David Dodge identifed the Bank of Canada's inflation-targeting regime as a key stablising force for the Canadian economy. He was speaking in Berlin at the to the German-Canadian Business Club.
Scrutinising central bank efficiency
The Swedish Central Bank has just hosted a conference on the subject of "central bank efficiency". The workshop was organized by Marten Blix Anders Vredin, and Sonja Daltung, all of the Riksbank.
Afghanistan cb exerts influence over provinces
Leaders in the north of Afghanistan have promised to give full assistance in implementing the central bank's orders, according to a report by the BBC Monitoring Service.