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HM Treasury Press Release Feb 27, 2003
PRESS RELEASE - Bank of England appointments - The Queen has been pleased to appoint, under the Bank of England Act 1998, Rachel Lomax as Deputy Governor of the Bank of England (Monetary Policy), in succession to Mervyn King, 27 February.
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada Announces First Research Fellowship Awards, 26 February.
McCreevy set to support Austrian ECB candidate
Ireland is likely to support Austrian central bank deputy governor Gertrude Tumpel-Gugerell's candidacy for a place on the ECB board, reports the Irish Times.
Incoming B of E chief King prepared to lose vote
Mervyn King a noted hawk on the Bank of England's Monetary Policy Committee has said he is prepared to vote against the majority if necessary when he takes up his post as governor in the summer.
Greenspan testimony on deposit insurance
SPEECH - In testimony titled 'Deposit insurance' Alan Greenspan of the Federal Reserve reiterated the central bank's opposition to raising the $100,000 limit on deposit insurance coverage, saying there would be no "clear public benefit" to the move.
Trichet to meet union reps on 28 Feb
Jean-Claude Trichet, the governor of the Bank of France, will hold talks with union representatives on February 28 to discuss the findings of a study carried out by Yves Barroux, general secretary of the bank, on its retail network. The bank's employees…
Preparations for terror attack
A UK Treasury paper has looked at the idea of the goverenment taking direct control of key financial institutions, including the Bank of England, in the event of a September 11 style terrorist attack on London. The Treasury stressed it remains open…
Fed's McDonough praises Brazil's new government
Brazil's new economic plan received support from William McDonough on Tuesday at a Latin American forum. New York Fed chief also praised Brazil's central bank head Henrique Meirelles.
Now not the time for fiscal or monetary austerity
LETTER - An article by the Bundesbank's Jurgen Stark gets some criticism from a chief economist who says this is not the time for fiscal or monetary austerity. In a letter to the FT professors Olivier Blanchard and Francesco Giavazzi say that failure to…
ECB reassures Germany over crisis fears
The European Central Bank on Tuesday sought to allay fears of a banking crisis in Germany amid reports that the government and senior bankers had discussed emergency measures to bail out the financial system.
Slovak central bank sees 2008 euro date possible
Slovakia's central bank has said that 2008 is a realistic date for the country to introduce the euro.
Fukui's appointment designed to bring peace
ARTICLE - This article suggests peace between the central bank and the Finance Ministry appears to be the motive behind the government's choice of new leadership at the Bank of Japan.
B of E's King comes out on the attack
FEATURE - Bank of England governor in waiting Mervyn King showed what was described as a "flash of steel" by Observer in the Financial Times when facing questions at Tuesday's parliamentary Treasury select committee meeting in London.
Edward George says ECB slow on rate cuts
Sir Edward George, governor of the Bank of England, speaking in London today hinted that the ECB had been slow to cut interest rates when he remarked that the ECB is "less proactive" in monetary policy terms than the UK's central bank. CentralBankNet was…
Shiokawa to press new BOJ gov to relax mon policy
Finance Minister Masajuro Shiokawa is set to ask Bank of Japan (BOJ) Governor designate Toshihiko Fukui to further relax the central bank's monetary policy.
Koizumi's timidity
ARTICLE - A Leader column in the Financial Times argues that Fukui's appointment shows "a lack of courage" from prime minister Junichiro Koizumi with Fukui having the "weakest punch" against falling prices.
Race to head European Central Bank heats up
Christian Noyer has apparently intimated he is willing to take on the job of president of the European Central Bank when Wim Duisenberg retires in July, says Forbes magazine.
Fraser silent on Iraqi-Australia gold deal
A magazine has suggested Australia was paid a large sum of gold in 1991 as part of an export deal.
Hungarian central bank raises one-day rate
According to Zsigmond Jarai, chairman of the National Bank of Hungary, the storm of speculation against the forint [Hungarian currency] has ended. Most of the so-called hot money which has flown into the country has left the country.
China's central bank unveils interest rate policy
China's central bank has unveiled its market-oriented proposals on interest rate policies.
Hong Kong Monetary Authority Press Release
PRESS RELEASE - IMF Mission forecasts a faster growth rate for Hong Kong in 2003.
Basel Committee Publications - Operational risk
REPORT - This paper, "Sound practices for the management and supervision of operational risk" prepared by the Risk Management Group of the Basel Committee on Banking Supervision, outlines a set of principles that provide a framework for the effective…
Santomero on corporate governance & responsibility
SPEECH - In the speech 'Corporate Governance & Responsibility' Anthony Santomero of the Federal Reserve Bank of Philadelphia said good corporate governance is critical to the health of the corporate system, our financial system, and our economy. The US…
Survey of Professional Forecasters
SURVEY - The Federal Reserve Bank of Philadelphia has published its Survey of Professional Forecasters for the First Quarter 2003. The economy will grow slowly over the first half of the year, according to 37 forecasters surveyed. However, the…