Central Banking staff
Follow Central Banking
Articles by Central Banking staff
Fed adds $5 billion reserves through 28-day repos
US - The Federal Reserve said on Thursday it added $5.0 billion in temporary reserves to the banking system through the purchases of 28-day fixed system repurchase agreements.
ECB's Issing sees 'tentative' signs of recovery
GERMANY - European Central Bank chief economist Otmar Issing said that there are "tentative" signs of a recovery in the euro zone economy, and that a "significant" upturn is possible in 2002.
Argentina's central bank delays trading restart
ARGENTINA - Argentina has once again delayed the resumption of currency trading, disappointing Argentine people and businesses.
U.S. central bankers try to dim hopes
US - U.S. central bank governors are sending out word this week that while the U.S. economy appears to be on the mends, a quick rebound does not appear to be in the works.
Speech by J Alfred Broaddus President Richmond Fed
SPEECH - Remarks by J. Alfred Broaddus Jr, President, Federal Reserve Bank of Richmond, Virginia Commonwealth University, Richmond, VA, 8 January 2002.
Speech by Bruno Gehrig of the Swiss National Bank
SPEECH - Speech by Bruno Gehrig, Vice-Chairman of the Governing Board of the Swiss National Bank, University of St Gallen, St Gallen, 9 January 2002.
ECB Working Papers Series
RESEARCH - European Central Bank Working Paper, Monetary policy rules, macroeconomic stability and inflation: a view from the trenches, by Athanasios Orphanides.
Bank of England leaves interest rates unchanged
UK - Bank of England chiefs have left interest rates on hold at 4%, despite increasing evidence of the strength of the UK economy.
Chinese fund managers under attack
CHINA - A Chinese stock market regulator has criticised several fund managers, accusing them of exploiting regulatory loopholes to enrich themselves and their companies at the expense of the public.
Polish ministers ease stance on bank challenge
POLAND - Poland's government appeared to be edging away from a potentially damaging legal challenge to the central bank after a meeting yesterday.
Sweden may hold referendum on euro next year
SWEDEN - Goran Persson, Sweden's prime minister, yesterday indicated he was ready to hold a referendum on euro membership next year.
Japan says yen's fall 'too rapid'
JAPAN - Japan's finance minister has said the yen has been falling too fast, remarks which prompted the currency's biggest rally since September.
Israel's regulatory easing
ARTICLE - Some $260 billion (290.39 billion euros) in Israeli financial assets is walled up inside the country by regulations, discriminatory taxes and investor conservatism, kept pacified by high domestic interest rates.
BSP officials fined for 'unprofessionalism'
PHILIPPINES - The Court of Appeals has fined two officials of the Bangko Sentral ng Pilipinas and a bank examiner for their "unprofessional" handling of a case involving the Rural Bank of San Miguel (RBSM).
Ireland's euro transition outpaces EU
IRELAND - Ireland is outpacing other euro-zone countries in the euro changeover with the number of Irish pounds in circulation falling almost twice as fast as other national currencies, reports an Irish newspaper.
Ukraine's monetary policy will toughen in 2002
UKRAINE - Chairman of the board of governors of the National Bank of Ukraine Anatoly Halchynsky warned on 4 January against overly optimism with regard to the 6.1% inflation rate for 2001, stressing that, given the present conditions in Ukraine, the NBU…
Federal Reserve Press Release
PRESS RELEASE - 3 January 2002. Susan Schmidt Bies and Mark W. Olson were formally sworn in as members of the Board of Governors of the Federal Reserve System at a ceremony Thursday in the atrium of the Board's main building in Washington.
Fed Ferguson - Timing of recovery still uncertain
US - US Federal Reserve Vice Chairman Roger Ferguson said US data had moved to be more mixed than negative but it was too early to pinpoint the timing of an economic recovery.
Bank of England Working Paper Series
RESEARCH - Bank of England Working Paper by Nicoletta Batini, Richard Harrison and Stephen P Millard. 'Monetary policy rules for an open economy'.
Philadelphia Fed Survey
REPORT - Fourth Quarter 2001, Survey of Professional Forecasters from the Federal Reserve Bank of Philadelphia.