Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Bulgarian c bank launch redesigned website 15 Mar
BULGARIA - Bulgarian Central Bank (BNB) will launch its redesigned website on 15 March.
IMF's Koehler says world econ in recovery process
AUSTRIA - International Monetary Fund Managing Director Horst Koehler said on Thursday that the global economy had avoided recession and was now on a process of recovery.
Hayami - To continue to do utmost to stabilize mkt
JAPAN - The Bank of Japan will continue to do its utmost to stabilize the financial markets, BOJ Governor Masaru Hayami said at Thursday's meeting of the Council on Economic and Fiscal Policy, according to a government official, underscoring the BOJ's…
EU summit won't discuss ECB job - German source
GERMANY - A German government source said on Thursday he did not expect this week's European Union summit to discuss who should succeed European Central Bank Vice President Christian Noyer, although surprises were possible.
Lithuanian c bank lowers reserve requirements
LITHUANIA - Lithuania's central bank said on Thursday it lowered the reserve requirements for banks to six percent from eight percent in a move to bring the country's banking rules closer to European standards.
Duma to consider bill on central bank of Russia
RUSSIA - The Russian Duma will consider on 15 March the bill 'About the Central Bank of Russia (Bank of Russia)' in the second hearing.
Credit card advantages overlooked, RBA told
AUSTRALIA - Two leading banking industry consultants have criticised planned reforms of Australia's credit card industry.
Rating agencies criticize c bank reform
ISRAEL - Three leading international credit rating agencies have criticized the Finance Ministry's plans for reining in the independence of the Bank of Israel, but stopped short of saying it would affect the country's credit rating, The Jerusalem Post…
10 won coins to become less visible
SOUTH KOREA - The Bank of Korea (BOK) said on Tuesday that fewer 10 won coins will be available in the Korean market this year.
Green shoots of recovery may be on the way
US - Alan Greenspan continued his new optimistic mantra that the U.S. economy is pulling out of its slump and pointed out that even employment, one of the last indicators to rebound, is showing signs of life.
ECB optimistic about euro zone upturn, inflation
GERMANY - The European Central Bank on Thursday again voiced confidence the euro zone economy had bottomed out and the region's growth should gradually return to full speed before the end of the year.
The road to the euro for Eastern Europe
FEATURE - Eastern European states are not only on course to join the European Union but will also join the European single currency in the years to come says a report by Reuters.
Sabirin verdict - Bank Indonesia suspect foul play
FEATURE - Sjahril Sabirin, the governor of Bank Indonesia, has been accused of corrupt practices; Bank Indonesia is suggesting that the courts are guilty of the same crime. The bank alleges that underhand methods are being used to ensure its governor's…
ECB Monthly Bulletin March 2002
REPORT - The European Central Bank published its March 2002 Monthly Bulletin on 14 March.
IMF Press Briefing, 13 March
PRESS BRIEFING - Transcript of a Press Briefing by Thomas C. Dawson, Director, External Relations Department, International Monetary Fund, London, 13 March.
Speech by Fed Chairman Alan Greenspan, 13 Mar
SPEECH - Greenspan gave a speech titled 'The U.S. Economy' on Wednesday in which he repeated that U.S. economic activity was improving, and urged a greater emphasis on savings to improve the long-term vitality of the expansion.
Speech by T Latter, Deputy Chief Exec HKMA, 12 Mar
SPEECH - In the speech titled 'Why blame the peg?' Latter defended Hong Kong's association with the US dollar saying that the Hong Kong dollar's peg to the U.S. currency was "the most appropriate monetary anchor for Hong Kong."
Tokyo sees light at end of tunnel
JAPAN - Japan's longest recession since 1993 may be slowly coming to an end as inventories are run down and companies gear up for a faster-than-expected US and European recovery, according to Heizo Takenaka, economics minister.
James Tobin, Keynesian economist of first rank
OBITUARY - James Tobin, the most influential Keynesian theorist of his generation, who became famous for his proposed tax on currency trading, has died aged 84.
Are we in recession? No we're on the planet Pluto
US - Amid the was it or wasn't it debate about the U.S. recession, a senior Federal Reserve official has coined a new phrase for the economic downturn that began last March, dubbing it: "the Pluto recession."
Speech by William Poole, St Louis Fed Bank, 8 Mar
SPEECH - In the speech titled 'The Role of Finance in the Investment Bust of 2001' Poole likens the current recession to the coldness of space and the planet pluto in particular. Are we in "the pluto recession"? "The astronomers argue about whether Pluto…
Speech by Yutaka Yamaguchi, Bank of Japan, 7 Mar
JAPAN - In the speech Yamaguchi offers his views on systemic risk conceding that he may have raised more questions than provided answers for central banks. He stresses that central banks must continue to pursue these issues to discharge their…
Arthur Grimes appointed to NZ c bank board
NEW ZEALAND - New Zealand's Finance Minister Michael Cullen said Wednesday that Arthur Grimes, one of the country's leading monetary policy specialists, had been appointed as a non-executive director of the Reserve Bank for a term of five years.
Chile central bank cuts rates 75 bp to 4.75%
CHILE - Chile's Central Bank lowered its benchmark monetary policy lending rate 75 basis points to a nominal 4.75% at a monthly policy making meeting Tuesday.