Monetary Policy
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.
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.