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Brazilian inflation hits eight-year high
Inflation soared to an eight-year high in November, as Brazil's currency continued to weaken ahead of the transition to a new government next month.
Mexico central bank tightens monetary policy
Mexico's central bank tightened monetary policy to curb mounting inflationary pressures on Friday by increasing the amount of cash it holds back from the secondary money market.
ECB Press Conference
PRESS CONFERENCE - Duisenberg said that since the last rate cut there has been no abatement in the uncertainty on the euro zone economic outlook but more uncertainty than ever. This has increased concerns about the sluggishness of the economy. The half…
Parry on the Federal Reserve in the economy
SPEECH - In the speech 'The Role of the Federal Reserve in the Economy' Robert Parry of the Federal Reserve Bank of San Francisco said that with the Fed's policy action in lowering the target interest rate by half a percentage point the prospects for…
Trichet on monetary policy in 2003
SPEECH - In the speech 'Monetary policy in 2003' Jean-Claude Trichet of the Bank of France said it seems that the contribution of European countries to the economic prosperity of Europe at large might be sometimes underestimated, but the relative…
ECB rate cutting far too slow says report
ECB watcher David Begg had some harsh words to say on the ECB's recent performance, but offered a little sympathy for a central bank that is not allowed to take the credit when it deserves it.
Monitoring the European Central Bank - Update
RESEARCH - Surviving the Slowdown, Monitoring the European Central Bank Update No. 4, December 2002, authors include David Begg and Paul De Grauwe. MECB 4 describes the challenge for monetary policy and assesses the ECB response. Interest rates fell much…
ECB Press Release
PRESS RELEASE - Review of the quantitative reference value for monetary growth, 5 December.
Moderate may head Brazil's central bank
The debate over who will take charge of Brazil's central bank continues as we hear that a moderate economist is going to be appointed by the incoming leftist government to head the Banco Do Brasil, a Brazilian newspaper reported Wednesday. The outgoing…
China's central bank pledges to keep dollar peg
China's central bank governor has vowed to keep the yuan pegged to the U.S. dollar even as surging foreign investment and a widening trade surplus boost demand for the Chinese currency.
Hayami - Monetary policy a kind of targeting
Bank of Japan Governor Masaru Hayami Thursday dismissed calls for the BOJ to set a target for inflation, saying the central bank didn't have the tools to make such a target credible. A senior politician Taku Yamasaki, said on Wednesday, 'at the very…
Central Bank of Russia boosts assets 24%
The Central Bank of Russia boosted assets 23.8% in the first ten months of 2002 from 1.713 trillion to 2.120 trillion rubles, including a rise of 2.8% in October, the Central Bank balance sheet shows.
Japan's Takanaka says inflation defeat difficult
Japan's Economy Minister Heizo Takenaka kept up the pressure on the Bank of Japan Thursday to further ease monetary policy. But, as we have previously reported, the Bank is keen to add further stimulation with board member Hidehiko Haru saying last week…
Sweden reduces interest rates again
Sweden's central bank cut its key repo rate on Thursday for the second time in three weeks, saying it expected inflation to fall below its two percent inflation target as industrial activity deteriorated.
Sveriges Riksbank Press Release
PRESS RELEASE - Repo rate lowered 0.25 percentage points to 3.75 per cent, 5 December.
Euro rates slashed to boost growth
Mounting fears over the sluggish eurozone economy have prompted the European Central Bank (ECB) to cut its key interest rate by a half-point, to 2.75%. There have been strong hints in the weeks since the last meeting from governing council members that…
Bank of England Maintains Interest Rates at 4.0%
The Bank of England held rates steady on Thursday after warning of a sharp correction in UK house prices, risks to inflation and minutes from the last meeting showed the MPC moving further away from an easing bias.
Moskow on the economic outlook
SPEECH - In the speech 'Economic Outlook' Michael Moskow of the Federal Reserve Bank of Chicago said following the Federal Reserves recent half point interest rate cut that, the low-inflation environment has allowed us to maintain an accommodative…
Duisenberg on economic and monetary developments
TESTIMONY - In testimony before the European Parliament Wim Duisenberg of the ECB welcomed new proposals by the EU to reform the euro zones much criticised Stability and Growth Pact telling the economic and monetary affairs committee that the proposals…
'Tis the season to read Bollard- between the lines
ARTICLE - CentralBankNet hears that the recently appointed governor of the Reserve Bank of New Zealand, Alan Bollard, has taken it upon himself to design the Bank's christmas card. He used to do this when he worked at the Treasury and speculation has…
Hong Kong Monetary Authority Press Release
PRESS RELEASE - Departure of Mr Tony Latter and Mrs Marian Li, 3 December.
Central Bank of Sri Lanka signs RTGS deal
Logica announced Wednesday that it has signed a deal worth US$9 million to implement the Real Time Gross Settlement (RTGS) System and the Scripless Securities Settlement (SSS) System for the Central Bank of Sri Lanka (CBSL).
HKMA set for reshuffle as top executives leave
The Hong Kong Monetary Authority faces a management reshuffle with two deputy chief executives leaving next month and a third reportedly ready to go in March, officials said Wednesday. In a press release, which confirmed one of those to leave, Joseph Yam…