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The Bank of Canada and the search for a new No. 2
ARTICLE - The Bank of Canada has received a wide range of inquiries from both inside and outside the bank to fill its No. 2 job, the central bank's selection committee chairman said on Friday.
Russia's central bank reduces interest rate to 18%
The Russian Central Bank reduced its refinancing rate from 21% to a record low of 18% from 17 February, having taken into account a slowdown in inflationary growth and the real level of interest rates on the Russian money market.
Husain on State Bank Of Pakistan and Regulation
SPEECH - In the speech 'Regulatory Strategy Of The State Bank Of Pakistan' Ishrat Husain of the State Bank Of Pakistan said the two major determinants of functional efficiency of financial system are market structure and the regulatory framework and the…
McDonough on Implementing the New Basel Accord
SPEECH - In the speech 'Implementing the New Basel Accord' William McDonough of the Federal Reserve Bank of New York said the success of the New Accord will be directly attributable to the enormous support and assistance provided by both bankers and…
Duisenberg testimony at the European Parliament
SPEECH - In testimony before the Committee on Economic and Monetary Affairs of the European Parliament Wim Duisenberg of the European Central Bank said said Monday that the ECB's already accommodative monetary policy will help support an expected…
Is Japan ready to reflate?
ARTICLE - When the Japanese prime minister says he wants a "deflation fighter" at the Bank of Japan, he may not be referring to monetary policy at all. This article says the Japanese consensus view - one shared by Mr Koizumi and Masaru Hayami, the BoJ's…
European Parliament Press Release
PRESS RELEASE - ECB - steady as she goes despite uncertainty, says Wim Duisenberg, 17 February.
Duisenberg may have to extend stay at ECB
There have been calls for European Central Bank (ECB) president Wim Duisenberg to extend his stay at the head of the bank due to questions over the fate of his successor.
German economy stagnant, says Bundesbank
Germany appeared to move a step closer to a new recession Monday when the Bundesbank estimated that the euro zone's biggest economy contracted slightly in the fourth quarter of last year.
Chavez calls for fixed interest rates
President Hugo Chavez said Sunday interest rates should be fixed to reverse Venezuela's deteriorating economic situation, just days after he imposed exchange controls and price controls for the same reason.
Indonesia names 3 possibles for central bank chief
Indonesian President Megawati Sukarnoputri has submitted to parliament three experienced central bankers as choices to replace central bank governor Sjahril Sabirin when his term expires in May.
Japan central bank keeps dismal view on economy
Japan's central bank kept its bleak view of the economy unchanged for the fourth-straight month in a report Monday that said growth was hampered by weak domestic consumption and volatile exports.
ECB plans for reform may run into problems
Plans to reform the European Central Bank, including cutting the voting power of smaller European Union member states, are expected to run into trouble this week. Some Finnish MPs claim Paavo Lipponen, their prime minister, assured them that the Bank of…
Interest rate warning on euro entry
Bank of England MPC member Kate Barker has called into question the economic case for joining the euro citing "difficulties in the European policy background and problems with the UK exchange rate".
Zambia's Fundanga on combating money laundering
SPEECH - In the paper 'The role of the banking sector in combating money laundering' Caleb Fundanga of the Bank of Zambia said at the Bank of Zambia, our challenge is to recognise that technology and globalisation has given money launderers an…
Knight on financial system stability
SPEECH - In the speech Bank of Canada Senior Deputy Governor Malcolm Knight talks about the importance of financial system stability and the close link between the latter and good economic performance.
CentralBankNet Monday Special Feature
SPECIAL FEATURE - In this weeks special feature CentralBankNet looks at the recent court case which the BIS lost requiring them to pay more money to their small shareholders. The episode labels the BIS as "mean" and bought continued criticism of the BIS…
Monetary Policy Report to the Congress
REPORT - In the Federal Reserve's report to Congress it reflects on the series of blows the US economy has suffered in the last few years, including the falls in equity values, the terrorist attacks of September 2001, corporate malfeasance and the…
Latvian PM says he is a mad Martian
Latvian Prime Minister Einars Repse, and former central bank head, responding wryly to criticism of his performance, says he is a mad Martian who had come to live on Earth.
Paul Krugman on Alan Greenspan's testimony
ARTICLE - Last week we re-published an article by Paul Krugman, a much respected figure in the world of economics, saying that Alan Greenspan was an apologist for Bush's wayward fiscal policies. Now having heard Greenspan's testimony Professor K puts pen…
Preventing money laundering in Israel
REPORT - The Bank of Israel's January 2003 edition of its newsletter BOI includes an outline of efforts by the central bank and government to prevent money laundering after Israel was placed on the FATF's blacklist of countries deemed non cooperative in…
Japan's central bank maintains monetary policy
Japan's central bank kept its monetary policy unchanged Friday but said it was prepared to provide extra cash to maintain stability in the financial markets.
BoC's Knight says monetary conditions expansionist
The Bank of Canada said domestic monetary conditions "remained expansionist" and held to last month's forecast that inflation in the first quarter would range between 4 and 4.5 percent, Senior Deputy Governor Malcolm Knight said in a prepared speech on…
'Mr Yen' expects new intervention tactic by Japan
Japanese authorities, whose surprise currency intervention last month has largely stabilised the yen, will likely try a new trick when they step into the market again, a noted intervention guru said on Friday.