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UK Treasury suggest positive Bank inflation report
The Treasury appeared to suggest on Monday that the Bank of England's inflation report, due early next month, could narrow the gap between the Treasury's inflation forecast and the Bank's, the FT reported.
Value of Iraqi currency takes nose dive
An article from the Wall Street Journal asks What will happen to the Iraqi currency? The article suggests a lot of work has to be done, particularly as the 250 dinar note is now worth more than the 10,000 note due to the possible cancellation of notes…
Citigroup's Fischer mum on New York Fed post
After speculation that former IMF official and Citigroup Vice Chairman Stanley Fischer may be set to take over at the New York Fed, Monday brought silence from Fischer, Reuters reported.
Venezuela central bank cuts rate to 36 pct
Venezuela's central bank cut interest rates to 36 percent as tight currency controls and price curbs to shore up international reserves continue.
Union reps at Bank of France call for demo
French unions are calling for Bank of France staff to demonstrate against the restructuring of the Bank's network of regional branches Le Figaro said.
Polish central bank complains about gov't pressure
A report from PAP news agency quotes Poland's central bank chief as describing government pressure to cut interest rates as 'unprecedented'.
China cuts red tape for gold industry
China's central bank will no longer have to approve gold manufacturing, processing and trading in the country Eastday reported.
Bank of Canada raises interest rates
Bank of Canada raises overnight rate target by 1/4 percentage pointto 3 1/4 per cent, 15 April.
Brazil central bank head unfazed by currency gains
Henrique Meirelles, head of the Banco Do Brasil, has said the recent rise in the reals value would not hurt trade and that it was only a short time ago that people were worried about a collapse in the exchange rate, Reuters reported.
ECB TARGET Annual Report 2002
The European Central Bank (ECB) on 14 April publishing the third edition of the TARGET Annual Report. It gives an overview of TARGET operations in the year 2002.
Canada's Dodge - Focusing on the long term
In the speech 'Focusing on the Long Term' David Dodge of the Bank of Canada said it is tough to maintain a clear view of the current economic picture. But spending our energy focusing on the near term risks losing sight of what's farther out. In an…
Olson on the implications of Basel II
In the speech 'Basel II: Its Implications for Second-Tier and Community-Size Banks' Mark Olson of the Federal Reserve said just as Basel I has been modified on numerous occasions to accommodate new financial instruments or a new recognition of risk…
Santomero on the economy in transition
In the speech 'The Economy in Transition' Anthony Santomero of the Federal Reserve Bank of Philadelphia said that it was too soon to say the U.S. economy was back on track, but suggested an outlook for growth of 3 to 4 percent for the US economy by the…
Bank of France plans to sell off property
The French central bank plans to sell approximately a fifth of its rented property assets over the next year, reports Le Figaro
Chilean scandal prompts resignation of regulator
The head of Chile's financial regulator has resigned, according to the Wall Street Journal, following the scandal involving the leakage of information from the computer of the Central Bank President.
Bank of England's George on world economy
Bank of England governor Edward George told reporters at the end of the G7 meeting that the recent fall in oil prices shows uncertainty is being lifted as the war draws to an end, according to a report by Reuters.
Bank of Japan head pledges to fight deflation
Toshihiko Fukui said at the weekend the central bank is ready to act on deflation, Bloomberg reports. He also said that he sensed most participants of the G7 meeting showed strong interest as to what policy stance he will be taking as governor of the BOJ.
Duisenberg dashes hopes of ECB rate cut
Wim Duisenberg has said more is needed to rebuild consumer and business confidence than another rate cut, according to Business & Finance. He also said there was no serious danger of deflation in either Germany or the eurozone.
Indian gov't considering fourth RBI dep governor
A fourth deputy governor's position could be created at the Reserve Bank of India. According to Business Standard, a senior finance ministry official said the position would carry the responsibility of regulating co-operative banks.
Canada's Dodge urges G7 to boost economies
David Dodge of the Bank of Canada said rich countries should work to boost their economies to prevent further set backs for the world. The National Post reported his statement at the Washington meeting of the Group of Seven finance ministers and central…