Monetary Policy
Trichet: S Eastern European challenges & prospects
In a speech on 'South Eastern European challenges and prospects' given on 29 November, Jean-Claude Trichet of the European Central Bank said that the recent enlargement to ten new Member States, as well as the progress in the accession negotiations with…
Dodge on Canada's monetary policy
In a speech to the Senate Committee on Banking, Trade and Commerce given on 24 November, David Dodge of the Bank of Canada said he remained "broadly comfortable" with the key economic assumptions underlying the current monetary policy of the Bank of…
Richmond Fed's Economic Quarterly, Fall 2004
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Fall 2004. The paper "Ricardo versus Wicksell on job losses and technological change" looks at Knut Wicksell's revisions of Ricardo's classical model with modern concepts and…
Austria's Liebscher defends stability pact
Austrian central bank governor Klaus Liebscher told a conference on Monday November 29 that the European Union's Stability and Growth Pact should be protected from broad-based reforms that would finish up weakening it.
UK's Brown says G7 to meet in London in February
Group of Seven finance ministers from the world's richest countries will hold their first regular meeting of 2005 in London in the first week of February, British Chancellor of the Exchequer Gordon Brown said on Monday 29 November.
US core inflation modest says Fed's Poole
Federal Reserve Bank of St. Louis president William Poole said on Saturday 27 November that US core inflation is modest and the direct effect of the dollar's drop on prices has not been enormous.
Fed's Yellen says job growth is key to rate rises
Janet Yellen, president of the San Francisco Federal Reserve Bank, said in an interview published on Sunday 28 November that the Fed's pace of interest rate increases will depend on matching job growth and economic growth.
Norway's Bergo on oil prices & developments
In a e speech on 'Oil prices, cyclical developments and monetary policy' given on 12 November, Jarle Bergo of Norges Bank said that high oil prices so far have had a limited impact on the domestic economy and would not significantly affect the balance in…
RBNZ re-appoints two directors
Two non-executive directors, Alison Paterson and John Goulter, have been re-appointed to the board of the Reserve Bank of New Zealand for a further five years, Finance Minister Michael Cullen said this week.
Japan's lower house approves new BOJ board member
Japan's lower house of parliament has approved the nomination of Atsushi Mizuno, chief strategist at Credit Suisse First Boston Securities (Japan) Ltd., as a Bank of Japan policy maker.
'Serial crime' wave hits Bank of Japan
The Bank of Japan has reprimanded five employees at its Maebashi branch office for swapping 11 old banknotes for 11 newly designed banknotes with sought-after serial numbers, such as E888888M.
Fukui on the state of Japan's economy
In a statement concerning the Bank's Semiannual Report on Currency and Monetary Control given on 28 October (published 26 Nov) Toshihiko Fukui of the Bank of Japan said Japan's economy is expected to continue recovering with the ongoing expansion of…
Bank of Canada Review, Autumn 2004
The Bank of Canada has published its Review for Autumn 2004. The Review contains four articles including "Asset prices and monetary policy: A Canadian perspective on the issues". This article addresses the extent to which monetary policy in Canada should…
BoE's Bean on the UK economy
In a speech given on 25 November, Charles Bean of the Bank of England said considerable uncertainties surround the UK economic outlook.
Ukraine's Yushchenko appeals rigged election
Ukraine's opposition leader and former president of the National Bank of Ukraine, Viktor Yushchenko, is appealing against the vote count in the recent presidential election to the country's Supreme Court.
Ukraine banking system running like 'Swiss watch'
Arseniy Yatsenyuk, the acting governor of the National Bank of Ukraine (NBU), has said the NBU is in full control of the Ukrainian banking system.
Bosnia appoints new central bank vice governor
The Governing Board of the Central Bank of Bosnia and Herzegovina (CBBH) at its meeting on 24 November in Sarajevo approved the appointment of Feriha Imamovi as a Vice Governor of the CBBH.
Trichet praises ECB's record on inflation
In a letter to the European Parliament, European Central Bank president Jean-Claude Trichet said that the ECB has a very successful record of keeping euro zone inflation under control despite adverse shocks such as the recent hike in oil prices.
GCC summit focus on common market, single currency
The annual summit of the GCC scheduled to be held in Manama on 20 December will cover topics including the GCC common market, monetary union and a single currency, Abdul Rahman Al-Attiyah, secretary-general of the six-member group said.
RBA uses powers to withhold minutes
The Reserve Bank of Australia has used powers given to it by Treasurer Peter Costello to issue a "conclusive certificate" to prevent publication of the RBA board's minutes, saying their release is not in the public interest.
Colombia's central bank appoints new MD
The board of Colombia's central bank has selected Jose Dario Uribe, the bank's technical director, as the new managing director of the bank, according to a statement released by the bank.
Mexico's central bank tightens monetary policy
The Bank of Mexico tightened monetary policy for the eighth time this year on Friday, raising local interest rates to counter increased inflation expectations.
Rimsevics on Latvia's strategy for euro transition
In a speech on 'The Latvian strategy for the euro transition' given on 25 October, Ilmars Rimsevics of the Bank of Latvia said since Latvia's accession to the European Union one of the main tasks shared by the Bank of Latvia and other state institutions…
Panels studying GCC monetary union criteria
The governor of the Bahrain Monetary Agency said that technical committees in the Gulf countries are currently studying the criteria for monetary and financial convergence and the legislative and institutional frameworks and arrangements for the monetary…