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Sweden decides on wording of euro question
Sweden has announced the wording of the question to be put in a referendum next year on whether to adopt the euro. The question is "Do you think that Sweden should introduce the euro as its currency?"
Brazil's Lula to keep monetary policy team for now
Brazil's incoming central bank chief Henrique Meirelles said on Thursday the government of President-elect Luiz Inacio Lula da Silva will avoid making drastic changes to the country's monetary policy team.
Brazil raises interest rates by 3 points to 25%
Brazil's central bank on Wednesday increased its key interest rate by 3 percentage points to 25 per cent in an effort to crush growing inflation as the government-elect pledged to press ahead with central bank reforms and austerity measures. It is the…
Exchange of new Afghan currency to end 2 January
The Afghan central bank has announced that the three-month period for exchanging the old Afghan currency for the new one will end on 2 January 2003 (12 Jadi on the Afghan calendar) and the period will not be prolonged.
Former Kenyan governor is accused of being racist
Kenya's former central bank governor Micah Cheserem was on Wednesday accused of making racist remarks. Businessman Kamlesh Pattni's lawyer alleged that Mr Cheserem told the parliamentary Public Accounts Committee that "Indians have ruined Kenya's economy…
South African Reserve Bank Press Release
PRESS RELEASE - New deputy governor appointed at South African Reserve Bank, 19 December.
Remsperger- Monetary stability Institutions matter
SPEECH - In the speech 'Monetary stability: Institutions matter' Hermann Remsperger of the Deutsche Bundesbank said the two-pillar approach of the ECB provides an excellent analytical framework. Not only allowing the ECB to integrate asset prices as an…
Nickell on house prices and household debt
SPEECH - In the speech 'House Prices, Household Debt and Monetary Policy' Stephen Nickell of the Bank of England said an interest rate reduction at present would affect house prices, household borrowing and consumption, which are already increasing…
Solans on EMU macroeconomic stability and growth
SPEECH - In the speech 'Macroeconomic stability and growth in the European Monetary Union' Eugenio Domingo Solans of the ECB defended the ECB's 'two pillars' saying that having a flexible and all-encompassing monetary policy strategy like the Eurosystem,…
Bank of Japan says recovery not expected soon
The Bank of Japan Wednesday left its core economic assessment for December unchanged from November in its December monthly report, repeating that Japan's economy has bottomed but there is strong uncertainty over the economy's future course.
Trichet trial will not face delay - starts January
A French prosecutor has chosen not to seek new inquiries into the Credit Lyonnais case, averting the risk of a delayed trial for Jean-Claude Trichet that could have spoiled plans to make him European Central Bank chief next July, a lawyer said on…
Uproar over Bank vote halts Ukraine parl't
Angry scenes in Ukraine's parliament forced the chamber to adjourn Wednesday as furious opposition members denounced a vote appointing a central bank governor favoured by President Leonid Kuchma to replace Volodymyr Stelmakh.
Turkish cen bank ready for US operation on Iraq
Turkey's central bank governor Sureyya Serdengecti said Tuesday that the central bank was fully prepared for the possible economic fallout of a United States operation against Iraq.
Brazil central bank nominee heads for hearings
Henrique Meirelles, nominated to be Brazil's next central bank president, on Tuesday goes before Congress for confirmation hearings. He is expected to face tough questioning on monetary policy but ultimately be approved for the job, analysts said.
Kuchma sacks Ukraine's central bank chairman
Meeting at an undisclosed location, President Leonid Kuchma's supporters voted to replace the chairman of the central bank Volodymyr Stelmakh and 19 parliamentary committees on Tuesday. The past couple of weeks have seen several attempts to oust Stelmakh…
Gov't man gains control of Russian central bank
First Deputy Prime Minister / Finance Minister Alexei Kudrin has become the head of the National Banking Council - the Russian central bank's advisory board. The appointment is likely to give the government increased influence over the activities of the…
Crockett - Institutions for stability
SPEECH - In the speech 'Institutions for stability - current and past experience' Andrew Crockett of the BIS said the nature of international financial crises has been changing over time. Nowadays the most troublesome issues occur when a crisis of…
Chicago Fed's Economic Outlook Symposium
REPORT - Economic growth in 2003 will be slightly above the rate in 2002, while the unemployment rate will be unchanged and inflation will be higher next year, according to the median forecast of participants at the Federal Reserve Bank of Chicago's…
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes of the Bank of England's Monetary Policy Committee Meeting released on 18 December for the meeting of 4 and 5 December 2002. The nine MPC members voted on a proposal to maintain the repo rate at 4.0%. Seven voted in favour of this with…
Bank of England Press Release
PRESS RELEASE - Sale of Bank of England Banknote Printing Operations, 17 December.
Bank of England Inflation Attitudes Survey, Nov 02
REPORT - The Bank of England's November 2002 quarterly Inflation Attitudes Survey was published on 16 December. The survey measures public attitudes to inflation in the UK. The latest survey shows 56% of respondents think the 2.5% inflation target is…
Bank of Japan Press Release
PRESS RELEASE - Announcement of the Monetary Policy Meeting, 17 December.
Bank of Estonia prepares for ECB transfer system
The Bank of Estonia has launched preparations to accession to TARGET, the Trans-European Automated Real-time Gross settlement Express Transfer system of the European Central Bank.
Central bank pledges support for Saddam Hussain
At the end of the second conference for Iraqi banks on Monday the Governor of Iraq's central bank, Ossam Rashid Howash pledged his support for President Saddam Hussein.