Monetary Policy
Phil Fed's Santomero on the economic outlook
In a speech on the 'Economic Outlook' given on 15 January, Anthony Santomero of the Federal Reserve Bank of Philadelphia said interest rates can remain low for now, but when the economy nears full employment the Federal Reserve will need to start raising…
Philadelphia Fed Business Outlook Survey, Jan 2004
The recent improvement in the region's manufacturing sector continued into the new year, according to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, January 2004.
ECB announces results of Eurosystem consultation
The ECB released the result of the public consultation on measures to improve the collateral framework of the Eurosystem on 15 January.
IIF says IMF breaking rules on Argentina
The International Monetary Fund has come under fire from the Institute of International Finance who accuse it of breaking its own rules by lending money to Argentina.
Fed's McTeer : if growth continues jobs will come
Robert McTeer, president of the Federal Reserve Bank of Dallas, said on Thursday e15 January that mployment growth has been disappointing but should rebound as long as the economy keeps growing at a healthy pace.
No inflation threat in US- Fed's Hoenig
President Thomas Hoenig of the Kansas City Fed spoke optimistically on Thursday 15 January about U.S. economic growth this year and said inflation would be kept under control by the slack in the labour market.
Dollar not hurting US economy- Atlanta's Guynn
Atlanta Federal Reserve President Jack Guynn said on Thursday 15 January that the US dollar's decline had been controlled and was not hitting the American economy.
Dutch won't back EU budget case
Dutch Finance Minister Gerrit Zalm has said that his government will not support the European Commission's legal action to enforce the EU stability pact.
ECB's Issing is concerned by strong euro
The European Central Bank's chief economist Otmar Issing said on Friday 16 January that he was "concerned" about the impact of the strong euro.
Poland to name new monetary council members
Membership of the Polish central bank's Monetary Policy Council is up for renewal in January and February with suggestions that the ruling coalition is attempting to stack the Council in its favour.
Gerashchenko enters Russian presidential race
Nine candidates, including former Central Bank chief Viktor Gerashchenko, have met a year-end deadline to register to run against President Vladimir Putin in Russia's March presidential election.
Court rejects plea to prosecute BSP chief
The Supreme Court in the Philippines has denied "with finality" a petition to prosecute central bank governor Rafael Buenaventura and several central bank officials for the closure of medium-sized Urban Bank in 2000.
Bank of Israel's Klein to petition on salaries
Governor David Klein of the Bank of Israel has announced he intends to petition the High Court against a decision to intervene in salary terms and other benefits awarded to employees of the bank.
Norges Bank executive director gets IMF move
Norges Bank Executive Director Jon Solheim is to take office as executive director for the Nordic-Baltic countries at the IMF in Washington.
Billie Jean, or is it Mervyn King?
The surname King will forever be remembered by tennis fans - but Bank of England governor Mervyn King is also a player we hear, as well as a darts fan.
Medina favorite for Bank of Israel post
Still with the Bank of Israel, it was reported that the chances of Victor Medina becoming central bank governor in January 2005 have increased after Prime Minister Ariel Sharon dropped his objections.
Zeti wins top honours as central banker
Bank Negara Malaysia governor Tan Sri Zeti Akhtar Aziz is The Banker's choice as the central bank governor for 2004.
New York Fed names five vice presidents
The Federal Reserve Bank of New York has announced that its board of directors has approved the promotion of five vice presidents.
Federal Reserve Board - Beige Book, January 2004
The Federal Reserve released its January 2004 survey of Current Economic Conditions, known as the Beige Book, on 14 January. The survey suggested the rebound in the U.S. economy is gaining momentum, fuelled by last-minute holiday shopping in December.
Trichet at the Euro-Mediterranean Seminar
In a speech to the Euro-Mediterranean Seminar of Eurosystem and Mediterranean country national banks given on 15 January, Jean-Claude Trichet of the ECB said the seminar should be a platform for an exchange of views between central banks of the…
Israel's Klein: Monetary policy achieved goals
Speaking at a seminar on financial cooperation among the Mediterranean nations on Thursday 15 January, Bank of Israel governor David Klein defended the Israeli central bank's monetary policy in recent years, saying it had achieved its goals.
Saddam notes cease to be legal tender
Bank notes printed with the face of Saddam Hussein have ceased to be legal tender in Iraq, removing another memory of the former dictator.
Fed's Olson expects solid growth from US economy
Federal Reserve Board Governor Mark Olson said on Tuesday 13 January that first-quarter U.S. growth looked set to match the expected solid pace at the end of last year, but there was still no sign of inflation.
Fed's Bernanke: Monetary policy can be 'patient'
Ben Bernanke reiterated on Wednesday 14 January that, with interest rates at 45-year lows, monetary policy could remain "patient" particularly in the absence of inflationary pressures in the US.