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Ex Ukraine central banker jailed for 5 years
The UNIAN news agency reported that former first deputy chairman of the board of the National Bank of Ukraine, Volodymyr Bondar, was jailed for five years on Tuesday after being found guilty of violating an instruction which was in force at the National…
'Mr Yen' suggests new era of deflation
Frmer vice-finance minister of Japan, Eisuke Sakakibara, who is known as Mr Yen, has said he thinks Japan has been unfairly blamed for failing to tackle deflation with conventional monetary policy, according to the Financial Times. He also suggested the…
Riksbank on the euro in Swedish financial sector
Manageable risks in the changeover process if Sweden adopts the euro 2006, 14 May. A report published on Wednesday 14 May by the Sveriges Riksbank "The Euro in the Swedish Financial Sector - Progress Report 9" contains a summary and update of financial…
Is Europe already experiencing deflation?
An article in the Financial Times asks whether the threat of deflation is likely and suggests it may already be here and that, given the example of Japan, it may be that nothing can be done about it.
Dodge on policies to sustain growth
In a speech on 'Policies to Sustain Growth Domestically and Internationally' David Dodge of the Bank of Canada said it's an interesting time to be a Canadian at meetings such as the BIS meeting he attended Monday. My colleagues from other central banks…
Greenspan on the redesigned U.S. $20 note
In a speech on the redesigned U.S. $20 note Alan Greenspan of the Federal Reserve said the Federal Reserve is deeply committed to protecting our currency from counterfeiting, ensuring it is always accepted as legal tender and preserving its soundness.
Bank of England is top of the targetters
The Bank of England has the best inflation report, (the document all inflation-targetting central banks publish), a study entitled "How do central banks write?", out Tuesday claims. CentralBankNet reports from the press conference in London.
Bank of England Inflation report accolade
The Bank of England gets top marks for best inflation report, 13 May. All inflation targeting central banks produce Inflation Reports. But what makes a good report? Central banks' writing and reporting skills are assessed in a new report.
IMF delegates visit Croatian National Bank
A delegation from the IMF arrived in Croatia on Monday and held talks with the governor of the Croatian National Bank (HNB), Zeljko Rohatinski.
Hungary - C bank accused of discredited policies
Kossuth Radio in Budapest reported that members of the Hungarian Socialist Party have criticised the National Bank of Hungary, saying the monetary policies of the central bank have been discredited after the MNB only warned about the dangers of an…
Fed's Parry doesn't expect deflation
Speaking on Monday 12 May, San Francisco Federal Reserve President Robert Parry said "I'm not expecting deflation. We will see a pick-up in real growth and the pace of that pick-up is likely to be stronger by 2004", Reuters reports.
Bundesbank sees German public deficit at 3.5%
Bundesbank chief economist Hermann Remsperger said in an interview with Sueddeutsche Zeitung, reported by RTE News, that the German fiscal deficit would amount to 3.5% of gross domestic product (GDP) this year.
Brown reaffirms euro test results date
Gordon Brown on Tuesday 13 May repeated that the result of its five economic tests on whether Britain should join the euro would be announced by the first week of June, according to a report by Business & Finance
Indonesia announces new central bank governor
A parliamentary commission on Monday 12 May selected Burhanuddin Abdullah to head Indonesia's central bank, according to a report by Channel News Asia Mr Burhanuddin won 34 votes from commission members while current central bank deputy governor Miranda…
Shortage of notes threatens Zimbabwe's banks
Zimbabwe has been hit by a shortage of banknotes recently after currency restrictions made it difficult for the central bank to import special note paper, banking officials said. However, the central bank this week attributed the note shortages to the…
IMF Working Paper - The ECB's Inflation Objective
IMF Working Paper 'The ECB's Inflation Objective' by Mads Kieler. The ECB's objective of medium-term inflation below 2 percent has been portrayed by critics as ambiguous, asymmetric, and excessively stringent. This paper attempts a comprehensive…
IMF Working Paper - The ECB's Money Pillar
In the IMF Working Paper 'The ECB's Money Pillar: An Assessment' Albert Jaeger discusses the case for a money pillar in the European Central Bank's (ECB) monetary policy strategy. The Paper says effective communication of the ECB's monetary policy…
Chicago Fed's Moskow on corporate governance
In a speech on 'Corporate Governance: A Rational Course for Public Policy' Michael Moskow of the Federal Reserve Bank of Chicago said he supports the proposals first-and-foremost because they are consistent with the principles of good corporate…
RBA Statement on Monetary Policy, May 2003
The Reserve Bank of Australia has released its May 2003 Statement on Monetary Policy. The global economy entered a period of slower growth towards the end of last year, which has continued into 2003. While this has been generally expected to be temporary…
Annual Report of the ECB's Anti-Fraud Committee
The Annual report on the activities of the Anti-Fraud Committee of the European Central Bank has been published, covering the period from March 2002 to January 2003.
Fed Reserve Bank of Richmond - Annual Report 2002
The Federal Reserve Bank of Richmond has published its Annual Report for the year ended 2002.
'The central bank that has missed the point'
The ECB's new monetary policy strategy has not impressed Professor Paul De Grauwe. In an article in the Financial Times he calls the moves an anticlimax with the ECB creating confusion instead of clarity. He suggests the eurozone central bank come up…
Fed Res Bank of Philadelphia - Annual Report 2002
The Federal Reserve Bank of Philadelphia has published its Annual Report for the year ended 2002.
Central bankers see ray of light in global economy
The world's leading central bankers, at a regular meeting at the BIS, shrugged off the recent surge in the euro as a recovery from weakness and said there were rays of light in the global economy, according to a report from Reuters.