Monetary Policy
PBOC official says no rate increase planned
People's Bank of China spokesman Bai Li said thsat he was unaware of any submission of detailed plans to raise interest rates to the State Council, according to a report published on Monday 14 June .
IMPLEMENTING BASEL II
The Basel Committee's new capital accord will be signed at the end of June, and implemented from the end of 2006 onwards. Nick Le Pan, Canada's leading supervisor is vice chairman of the committee and gave an exclusive interview to The Financial…
Cleveland Fed's Pianalto on monetary policy II
In a speech on 'A perspective on monetary policy II' given on 11 June, Sandra Pianalto of the Federal Reserve Bank of Cleveland said the central bank's target rate of 1 percent "is too low to be sustainable."
Norway's Gjedrem on monetary policy and the krone
In a speech 'On monetary policy and the krone' given on 7 June, Svein Gjedrem of Norges Bank said that with the current low level of inflation, it is appropriate to be particularly vigilant with regard to developments in consumer prices. However,…
Bank of Canada Financial System Review, June 2004
The Bank of Canada published its semi-annual Financial System Review on 10 June. Economic forecasts of global growth in 2004 have been revised upwards significantly. In addition, favourable financing conditions and the efforts of firms to restructure…
Minutes from the Sveriges Riksbank Meeting, 27 May
Minutes of the Sveriges Riksbank Executive Board meeting on 27 May were published 11 June. All the members expressed greater certainty over the recovery both in Sweden and abroad and said that there were factors, such as the rise in long-term interest…
Norges Bank - Annual Report 2003
The central bank of Norway, Norges Bank, has published its Annual Report for the year ended 2003. The international growth outlook deteriorated through the first half of 2003. Developments in the Norwegian economy were also weaker than projected earlier,…
IMF's Rato calls for structural reforms
The IMF is calling on Europe and Japan to promote sustainable economic growth through structural reforms, said the fund's managing director Rodrigo Rato.
ECB's Issing on the primacy of price stability
In a speech 'On the primacy of price stability' given on 10 June. Otmar Issing of the ECB said the primacy of price stability does not imply that this objective can be left to the central banks alone. Monetary policy needs to be complemented by a sound…
MAS chairman Loong set to become PM
Singapore's ruling party has approved the appointment of founding father Lee Kuan Yew's son Lee Hsien Loong, the chairman of the Monetary Authority of Singapore, as the next prime minister.
Interview with Fed's Bernanke
In an extensive interview published this week, Federal Reserve governor Ben Bernanke talks about inflation targeting, asset bubbles, the Great Depression and other topics. He suggests the introduction of a number or a numerical range for inflation in the…
Marquez-Ruarte is to be IMF's HR Director
Rodrigo Rato, Managing Director of the International Monetary Fund, has named Jorge Marquez-Ruarte as Director of the Human Resources Department to succeed Margaret Kelly, a national of Australia who is retiring after more than 30 years of service with…
Bank Indonesia names senior deputy governor
Miranda S Goeltom, former deputy governor of Bank Indonesia (BI) was elected senior deputy governor of the central bank after undergoing a fit and proper test by Commission IX of the House of Representatives in Jakarta last Tuesday, 8 June.
Greenspan nomination hearing moved to 15 June
The Senate Banking Committee said on Monday 7 June that it was postponing a hearing on Federal Reserve Chairman Alan Greenspan's renomination until 15 June. The hearing was rescheduled because late President Ronald Reagan was lying in state at the U.S…
BOK agrees to train Asian bankers
The Bank of Korea (BOK) will offer a training course on operations and the role of the "central bank" to nine employees from central banks in six Asian nations.
RBZ's Gono denies he will run for president
Reserve Bank of Zimbabwe Governor Gideon Gono has refuted growing speculation that he could run for President in 2008, when President Robert Mugabe steps down.
NY Fed's Geithner on Bretton Woods Institution
In a speech on 'The Bretton Woods Institutions in the 21st Century' given on 10 June, Timothy Geithner of the New York Fed said the IMF has taken a number of important steps to make its financial instruments more effective for dealing with the challenges…
Norges Bank Historical Monetary Stats workshop
On Friday 11 June Norges Bank arranged a seminar in connection with the publication of an Occasional Paper on historical monetary statistics. The speakers included Jan F. Qvigstad, Director, Norges Bank, Forrest Capie, professor at City University …
Bulgaria stretches path to euro
Bulgaria will join the single European currency no earlier than July 1, 2009 according to a source quoted by Novinite.
Korea cuts coin issue
The amount of coins issued by the Bank of Korea was cut sharply last year because of declining demand, the central bank said this week.
Putin asks CBR to restore banking order
Russian President Vladimir Putin called on the Central Bank of Russia (CBR) on Friday "to restore order" in Russia's banking sector.
Fed must protect inflation credentials-Guynn
The Federal Reserve must heed signs of brewing inflation to protect its key weapon against price pressures - its credibility, a top Fed official said on Friday.
T&T central bank marks 40th anniversary
Trinidad and Tobago's central bank marked its 40th anniversary on Friday 11 June by reflecting on a problem that could lay low prospects for Caribbean development.
ECB Monthly Bulletin, June 2004
The European Central Bank published its June 2004 Monthly Bulletin on 10 June. The report said the recovery in euro area economic growth is expected to continue over the coming quarters, leading to a broader and stronger upswing in the course of next…