Monetary Policy
Hong Kong Monetary Authority - Annual Report 2003
The Hong Kong Monetary Authority has published its Annual Report for the year ended 2003. After six years of difficulty and uncertainty, Hong Kong's economy experienced a strong rebound in the second half of 2003 and this rebound has continued its…
Richmond Fed's Broaddus on competition in banking
In the speech 'Competition in Banking: Achieving the Right Balance' given on 6 May J. Alfred Broaddus of the Federal Reserve Bank of Richmond said policy-makers need to change perceptions that large banks will be bailed out if they get into financial…
Barron: Lowering barriers to cross-border payments
In the speech 'Lowering barriers to cross-border payments' given on 5 May Patrick Barron of the Atlanta Fed said we share a common goal to reduce international payment costs and provide banking services to millions of people who don't currently have bank…
Moskow's remarks to the Chicago Fed conference
In welcoming remarks to the 40th Annual Conference on Bank Structure and Competition given on 6 May Michael Moskow of the Chicago Fed said the conference provides a podium for the best new academic research on financial institutions, and a forum for…
BOJ's Fukui foresees no change in interest rates
Toshihiko Fukui said Sunday 9 May he expects no change in the Bank of Japan's zero-interest-rate policy, as the economy struggles to emerge from its deflationary spiral.
Trichet: Growth not threatened by oil price rise
The world economy will continue to grow despite a rise in oil prices, European Central Bank governor Jean-Claude Trichet said on Monday at the Group of 10 meeting of central bank governors in Basel.
US press China on yuan reform
U.S. Treasury Under-Secretary John Taylor on Monday pressed China to adopt a more flexible currency regime to cool its overheating economy.
Report: Taiwan central bank to gain independence
It was reported Monday that the Central Bank of China (CBC) will become an independent body according to a draft package of amendments to the existing law governing the bank's organization and operations.
Trinidad: cb governor warns on money laundering
The governor of the Trinidad and Tobago Central Bank, Ewart Williams, has warned that money laundering through the banking system is on the increase and that the financial system is being increasingly used to fund criminal activity.
BOJ outlook on Economic Activity & Prices, April
The Bank of Japan has published its April 2004 report "Outlook for Economic Activity and Prices". Japan's economy has continued to recover at a moderate pace since the second half of 2003. In 2004, the economy is expected to continue its recovery as…
Japan's Fukuma on economic & financial trends
In a speech on 'Recent Economic and Financial Developments' given on 25 March, Toshikatsu Fukuma of the Bank of Japan said in order for Japan to steadily regain the national wealth lost in the collapse of the bubble and to lay the foundations for future…
Redesign of the Bundesbank's website
The Deutsche Bundesbank has launched its redesigned website. Two key objectives have been achieved, the bank said. Completely barrier-free access to the website and consistent, uniform structuring of complex material in an attractive design, retaining…
Fed minutes show concern at ultra-low rates
Some FOMC members expressed concern at their March meeting that a long period of ultra-low short-term interest rates might lead to increased speculation in financial markets, according to Federal Reserve minutes released ON Thursday 6 May.
Fed's Bies: Financial innovation & risk management
In a speech on 'Financial Innovation and Effective Risk Management' given on 6 May, Susan Bies of the Federal Reserve said banks should take care to safeguard their reputations when considering whether to be involved in complex deals aimed at helping…
Forrest Capie to write next volume of BoE history
Forrest Capie, Professor of Economic History at the Cass Business School, has accepted an appointment to write the next volume of the Bank of England's official history.
New deputy governor appointed in Sri Lanka
The Central Bank of Sri Lanka, with the agreement of the Minister of Finance, has appointed Dr Ranee Jayamaha as its Deputy Governor. The appointment is effective from 19th April, 2004.
MPs call for sack for Palestine central bank chief
MPs are urging Palestinian leader Yasser Arafat to sack the governor of the Palestine Monetary Authority, AFP reported this week, saying the appointment was never approved by parliament.
Kerry sees Rubin in Greenspan's shoes
US Democratic presidential candidate John Kerry has said that if elected he will seriously consider former treasury secretary Robert Rubin to replace Federal Reserve Chairman Alan Greenspan when he retires.
Nepal Rastra Bank chief has land seized
The Rebel Communist Party of Nepal has escalated the capture of land belonging to local landlords, including land owned by the central bank chief. The party has captured 300 hectares of land and made it public.
BOJ's Fukui to attend Basel BIS meeting
Bank of Japan Governor Toshihiko Fukui will attend the Bank for International Settlements' (BIS) upcoming bi-monthly meeting in the Swiss city of Basel, Japan's central bank said on Friday 7 May.
NBP warns inflation could hinder economic growth
Inflationary pressure is growing which, in the long run, could hinder economic growth, Krzysztof Rybinski, a deputy president of the Polish central bank (NBP) has warned.
IMF appoints Rato as managing director
The Executive Board of the International Monetary Fund (IMF) this week, as expected, selected Rodrigo Rato to serve as Managing Director and Chairman of the Executive Board for a five-year term.
Sacked workers petition new CBN governor
More than 1,000 staff retrenched from the Central Bank of Nigeria between 1996/1998 have petitioned the incoming CBN Governor, Professor Charles Soludo over their plight.
Dodge sets the standards in expenses
Bank of Canada governor David Dodge is setting new standards in what one report called "tight monetary policy" with a relatively low expenses bill for the last quarter, released by the Bank of Canada this week.