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Bank of France strike begins with 62% not working
At least 62 per cent of the 8,000 branch employees of France's central bank, the Banque de France, stopped work Thursday in protest against plans to trim the bank's branch network.
Noyer mentioned as potential ECB candidate
CentralBankNet learns that former European Central Bank vice president Christian Noyer may be in line to take over from Wim Duisenberg as president of the ECB in July if Jean-Claude Trichet is unable to take up the position.
Poland to join euro zone in 2007- finance minister
Finance Minister Grzegorz Kolodko reiterated that Poland could meet Maastricht convergence criteria in 2005 and join the euro zone in 2007.
Prodi urges more flexibility on Pact
European Commission president, Mr Romani Prodi, has called for more flexible rules governing the 12-nation euro zone, amid warnings that war on Iraq could throw the region's economy further off course. Prodi famously referred to the Pact as 'stupid'…
Russian gold reserves reach another record high
Russia's gold and foreign exchange reserves totalled 50.2bn dollars as of 7 February, compared with 49.3bn as of 31 January, First Deputy Chairman of the Russian Central Bank Oleg Vyugin told journalists.
Venezuela's Zavala - No for ex trading until March
According to Central Bank of Venezuela (BCV) Director Domingo Maza Zavala, foreign exchange trading will continue to be suspended until the end of February to allow government and Central Bank officials enough time to implement the controls.
Bank of Japan Press Release
PRESS RELEASE - Announcement of the Monetary Policy Meeting decisions (unchanged), 14 February.
Stevens on the economic outlook
SPEECH - In the speech 'The Economic Outlook' Glenn Stevens of the Reserve Bank of Australia said Australia still faces a difficult environment abroad. Uncertainty is high internationally at present, and confidence subdued. It is to our advantage,…
Bies on financial markets and corporate governance
SPEECH - In the speech 'Financial Markets and Corporate Governance in the United States and Other Countries' Susan Bies of the Federal Reserve said as the United States goes forward, even if transparency through corporate financial reports improves,…
Interview with the governor, Malta's central bank
INTERVIEW - In the interview Michael Bonello sheds light on the role of the central bank and comments on the state of Malta's economy. He also discusses the effects eventual EU membership will have on the operation of the central bank.
ECB's Papademos-Higher inflation target won't help
European Central Bank Vice President Lucas Papademos has said that raising the central bank's inflation target to 3 or 4 percent will not provide more room for growth in the euro area.
BOJ to avoid Hayami appearing as lame duck
The appointment of a new Bank of Japan governor may not come until after the Group of Seven meeting 21-22 February in Paris, Japan's chief government spokesman said Monday.
Fed's Ferguson: Oil prices not major econ threat
Japan's ongoing economic troubles have taught policymakers to use monetary policy aggressively in the face of challenges to growth, Federal Reserve Vice-Chairman Roger Ferguson said Wednesday.
Think-tank urges stronger ECB role
An economic think-tank said yesterday the way the European Union has set up supervisory watchdogs could cause instability to the financial system and urged a stronger role for the European Central Bank.
ECB concerned by eurozone growth prospects
The European Central Bank on Thursday fuelled speculation about a possible interest rate cut by highlighting concerns about growth across the eurozone area, although it reiterated its stance that its current monetary policy is "appropriate".
Greenspan and Bush in public clash
In a rare rift with Alan Greenspan, the White House has taken issue with the Federal Reserve chairman's assessment that now is not the time to boost the economy - at least not along the course George Bush has chosen.
Irish central bank hints at early euro rate cuts
Ireland's central bank governor John Hurley Wednesday night provided a strong hint of significant early European interest rate reductions.
Trial delay makes ECB job unlikely for Trichet
The verdict on the trial of Jean-Claude Trichet, the governor of the Bank of France will not be announced until 18 June. The sensational four month delay to analyse "complex details" virtually rules Trichet out of the running as the next president of the…
Deutsche Bundesbank Monthly Report, January 2003
REPORT - The Bundesbank said in its January 2003 monthly report that there were further job cuts and unemployment increased significantly. The price climate in Germany at the end of 2002 remained favourable. The rate of consumer price increase remained…
Central Bank of the Philippines Press Release
PRESS RELEASE - 38th SEACEN Governors Conference and 22nd Meeting of the SEACEN Board of Governors.
ECB Monthly Bulletin, February 2003
REPORT - The European Central Bank published its February 2003 Monthly Bulletin on 13 February. This issue contains two articles. The first addresses the interactions between the single monetary policy and fiscal policies in the euro area. The second…
Guynn on the state of the recovery
SPEECH - In the speech 'The State of the Recovery' Jack Guynn of the Federal Reserve Bank of Atlanta said the recovery is real, it's showing up on our radar; we know it's here, it's just not as obvious as it usually is. Guynn thinks the recovery will be…
BofE cuts growth forecast amid 'heavy' uncertainty
The Bank of England's Inflation Report is ten years old, Mervyn King told a well attended press conference on Wednesday. He announced a cut in the Bank's growth forecast for the UK economy, suggested he didn't know what the stability and growth pact was…
Venezuela cen bank cuts discount rate to 39 pct
Venezuela's Central Bank on Tuesday lowered its discount rate for local banks seeking to borrow money to meet reserve requirements from 42 percent to 39 percent.