Monetary Policy
Paint thrown at World Bank president
Anti-globalisation activists pelted World Bank chief James Wolfensohn and Slovenia's finance minister with green paint on Thursday.
Serbia moves on central bank voting scam
Serbia's state prosecutors have ordered an investigation of a member of parliament on suspicion of abuse of another MP's electronic voting card in the election of national bank governor Kori Udovicki.
Former CBI governor's death commemorated
A commemoration ceremony was held in memory of the late Mohsen Nurbakhsh, the former head of Central Bank of Iran (CBI) last Saturday, 13 March.
Poland may replace three board members
Reports say that National Bank of Poland governor Leszek Balcerowicz will soon replace three members of the management board of the NBP, Jerzy Stopyra and Andrzej Bratkowski, while the third name is still unknown.
France 'won't back Rato's IMF candidacy'
Outgoing Spanish Economy Minister Rodrigo Rato emerged as a leading European candidate to head the IMF this week, but his chances of getting the nod were later thrown into doubt following comments attributed to Jacques Chirac.
RBI staff 'are grossly underpaid'
The Reserve Bank of India's Officers Association (RBIOA) has demanded that pay be linked to other central banks, saying a tiger must be compared with a tiger.
BoE's Tucker on financial markets dialogue
In a speech to the National Association of Pension Funds given on 19 March Paul Tucker of the Bank of England said that with interest rates at 4%, monetary policy is still "stimulating the economy". He comments, "If, as projected, output continues to…
Taiwan markets jittery after President shot
Taiwan markets were nervous on Friday 19 March after President Chen Shui-bian survived an assassination attempt on the eve of a presidential election. The central bank said it would intervene to stabilise the currency where necessary.
Minutes show Fed wanted increased flexibility
The FOMC was unanimous at their January meeting that they should ditch a pledge to keep interest rates low for "a considerable period" in favour of wording that would increase their flexibility, minutes showed Thursday.
Norway's Gjedrem on monetary policy & economics
In a speech on 'Monetary policy and the economic outlook' given on 19 March, Svein Gjedrem of Norges Bank said that the upturn has both broadened out and gained momentum in the past months. All sectors report stable or increasing demand and sales. The…
Philadelphia Fed Business Outlook Survey, Mar 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, March 2004 activity in the region's manufacturing sector continues to improve.
GCC plans economic coordination monetary fund
The Gulf Cooperation Council (GCC) is considering creating a monetary fund to coordinate economic and fiscal policies between member states and ensure the success of the planned monetary union, it was reported on Friday 19 March .
Japanese Fin Min praises Fukui's first year
Japan's Finance Minister Sadakazu Tanigaki said on Friday 19 March that Bank of Japan Governor Toshihiko Fukui acted "appropriately and boldly" in his first year as head of the central bank.
Brazil to pursue 5.5% inflation target: Meirelles
Brazil's Central Bank President Henrique Meirelles said on Friday 19 March that he will continue to pursue a 5.5% inflation target "to guarantee growth of 3.5% or more" this year.
Uzbek central bank denies currency reform
First Deputy Chairman of the Uzbek central bank Muhammad Jumageldiyev has dismissed rumours that Uzbekistan is planning to replace its existing currency denominations.
Kenya's former governor accused as party to theft
The Goldenberg inquiry has heard former Central Bank of Kenya Governor, Eric Kotut conspired with banks to defraud the bank of a massive US$247.9 million (Sh9.7 billion) in April 1993.
IMF issues warning on website's misuse of its name
In view of inquiries to the International Monetary Fund (IMF) regarding the website www.imfdebt.com, the IMF advised the public of the following on Friday 19 March.
Greenspan on Banking
In a speech on 'Banking' given on 17 March, Alan Greenspan of the Federal Reserve said US banks are strong and profitable, with "favourable" asset quality, and able to provide financing for a growing economy.
Bank of Japan Monthly Report, March 2004
The Bank of Japan published its March 2004 Monthly Report of Recent Economic and Financial Developments on 18 March. In the report the BOJ kept its economic assessment unchanged, saying the economy was in a gradual recovery.
Eurozone inflation slows to 1.6 percent
Eurozone annual inflation slowed to 1.6 per cent in February, its lowest level since November 1999, data from the European Union's statistics agency showed on Wednesday 17 March.
Bulgaria, IMF to agree anticorruption package
During the forthcoming IMF mission at the end of March Bulgaria will agree a package of measures to fight corruption.
Russia-Belarus Union budget gets second reading
The Russia-Belarus Union budget will be submitted for its second reading to the Parliamentary Assembly in Moscow on March 25, Russian State Duma Speaker Boris Gryzlov has declared.
Switzerland holds key rate unchanged
Switzerland's central bank said on Thursday it was leaving its key interest rate unchanged, cautioning that an upswing in Switzerland's faltering economy was not yet assured.
Bank of England MPC Minutes 3/4 March
Minutes of the Bank of England's Monetary Policy Committee Meeting were released on 17 March for the meeting of 3 and 4 March 2004. All nine members of the MPC voted to keep interest rates steady earlier this month, but their arguments may suggest…