Monetary Policy
Central Bank of Sri Lanka - Annual Report 2003
The Central Bank of Sri Lanka has published its Annual Report for the year ended 2003. In 2003, Sri Lanka's economy recorded a real GDP growth of 5.9 per cent. This growth indicated the progress made by Sri Lanka to improve economic growth and…
Bank of England raises interest rates to 4.25%
The Bank of England's Monetary Policy Committee voted on Thursday 6 May to raise the Bank's repo rate by 0.25 percentage points. In a statement the MPC said although inflation was likely to remain below the 2% target in the near term inflationary…
Olson: The FOMC & the formation of monetary policy
In a speech on 'The Federal Open Market Committee and the Formation of Monetary Policy' given on 5 May, Mark Olson of the Federal Reserve said multiple policy objectives of maximum employment, price stability and moderate long-term interest rates make…
National Bank of Poland - Annual Report 2002
The National Bank of Poland has published its Annual Report for the year ended 2002. Developments in monetary policy encouraged the curbing of inflationary pressures and there was a marked slowdown in the annual total money supply growth, notes and coin…
Philadelphia Fed Business Review, 2nd Quarter 2004
The Federal Reserve Bank of Philadelphia has published its regular Business Review for the Second Quarter 2004. In this issue, President Santomero talks about the role of beliefs in economics and monetary policy. Other articles cover the benefits of…
Fed's Greenspan on globalization and innovation
In a speech on 'Globalization and innovation' given on 6 May, Fed Chairman Alan Greenspan said continued globalization and innovation are helping reduce the dangers of a disruptive correction of the U.S. international trade imbalance.
Polish national bank urges fast euro entry
The National Bank of Poland has said Poland and other recent entrants to the European Union would be well advised to join the eurozone without delay.
Japan denies US warning was behind forex halt
A senior Japanese Finance Ministry official on Thursday 6 May denied speculation that Japan halted intervention in the foreign exchange market in April because of warnings against the operations from the United States.
ECB holds rates, sees improving eurozone economy
European Central Bank President Jean-Claude Trichet said on Thursday 6 may that after a "mixed" set of economic indicators for the 12-country eurozone so far this year, the most recent data appeared to be more "encouraging".
Moskow on personal financial management
In the speech 'The Importance of Personal Financial Management' given on 27 April Michael Moskow of the Federal Reserve Bank of Chicago said new technologies and regulatory changes have allowed banks and other financial institutions to create many new,…
Fed's Bies on innovation in financial markets
In the speech 'Innovation in financial markets and banking relationships' given on 27 April Susan Bies of the Federal Reserve said the credit swap market must prevent inside information on lending customers leaking to trading desks. A credit swap…
Hoenig on macro aspects of financial supervision
In the speech 'Exploring the Macro-Prudential Aspects of Financial Sector Supervision' given on 27 April Thomas Hoenig of the Kansas Fed said he agreed with those who stress the need to take a systemwide or macro prudential view of financial market…
Deutsche Bundesbank - Annual Report 2003
The Deutsche Bundesbank has published its Annual Report for the year ended 2003. For the German economy 2003 was a year of major change, the report says. At the start of the year, Germany was in a severe crisis of growth and confidence. However, in the…
Fed holds rates, drops patient pledge
The Federal Open Market Committee decided Tuesday to keep its target for the federal funds rate at 1 percent. In its statement it dropped the "can be patient" phrase used previously, saying interest rates can rise "at a pace that is likely to be measured…
BIS warns over fake website
The Bank for International Settlements (BIS) on Tuesday warned that its name and logo were being used in scams to defraud the public with offers of consumer banking services.
New law to streamline central bank of Iraq
The civil authorities of the US occupation forces in Iraq have issued a new law to streamline the working of the country's central bank, reports Xinhua.
Dallas Fed conference on euro successes/challenges
The Federal Reserve Bank of Dallas and University of Texas at Austin will host an assembly of key economists and European central bankers on 14 May to discuss the euro's successes and assess challenges it now faces.
Trichet calls for banking consolidation in Europe
European Central Bank President Jean-Claude Trichet on Wednesday called for further consolidation in the European banking sector and said that cross-border tie-ups were likely to accelerate in future.
Fed study says US deflation risk was overstated
A new study from the Federal Reserve Bank of Atlanta says risks of U.S. deflation may have been overstated, blaming the scare last year on rent and used car prices rather than widespread disinflation.
ECB signs agreement with Interpol
The President of the ECB, Jean-Claude Trichet, and the Secretary General of Interpol, Ronald K. Noble, have signed an agreement aimed at ensuring effective co-operation between both parties in the protection of the euro and the fight against…
New Member State NCBs included in ERMII agreement
As of 1 May 2004, the National Central Banks of the ten new Member States of the European Union have become parties to the ERM II Central Bank Agreement.
Euro banknotes with Jean-Claude Trichet signature
Euro banknotes bearing the signature of Jean-Claude Trichet, President of the European Central Bank (ECB), are starting to come into circulation, the ECB said in a statement. Production of these banknotes began shortly after Trichet became President on 1…
Four new EU members hope to join euro
Four of the 10 new European Union members could take the first step towards joining the euro by the end of the year, with the aim of adopting the single currency in 2007, according to the European Commission.
BOJ's Fukui sees hope for prices
The governor of the Bank of Japan, Toshihiko Fukui, said on Sunday 2 May that he saw hope for ending six years of falling prices as early as the end of the current fiscal year, which began April 1.