Monetary Policy
Reserve Bank of New Zealand Bulletin, Dec 2003
The Reserve Bank of New Zealand has published its quarterly Bulletin for December 2003. The December issue of the Bulletin contains three articles, and two speeches delivered over recent months by the Bank's Governor.
Finance chiefs to meet in Florida on February 6
G7 finance chiefs and central bank governors will meet in Florida for a two-day summit from February 6, the US Treasury has announced.
Source says BOJ spent Y3 trln in intervention
Japan, worried that a strong yen could hurt an export-led recovery in its economy, spent about three trillion yen ($28.3 billion) in the first two days of this week to hold the currency down, market sources said on Wednesday 7 January.
Court battle may loom over EU Pact
EU finance ministers reportedly acted illegally when they suspended EU budget rules to spare France and Germany disciplinary action over their excessive deficits.
Counterfeit money major concern for SEACEN
Money counterfeiting has become a central issue for member countries in the South East Asian Central Bank (SEACEN), Bank Indonesia (BI) Deputy Governor Maulana R. Ibrahim said on Monday 5 January.
Bernanke says current US money stance appropriate
In the speech 'Monetary Policy and the Economic Outlook: 2004' given on 4 January Ben Bernanke of the Federal Reserve said that the Fed is right to keep interest rates at the current45-year lows.
Key to good monetary policy is judgement - King
In a speech 'The Institutions of Monetary Policy - The Ely Lecture 2004' given on 4 January Mervyn King of the Bank of England sets out some key theoretical questions lying behind current approaches to monetary policy, and in particular, the nature of…
Bean on asset prices and monetary policy
In the speech 'Asset Prices, Monetary Policy and Financial Stability: A Central Banker's View' Charles Bean reviews the argument that monetary policy should react to asset price movements and/or financial imbalances over and above their impact on the…
Fed's Guynn says deflation threat low
Atlanta Fed President Jack Guynn said Monday the risk of wholesale price declines in the U.S. economy is now much lower.
China to further open gold market
The People's Bank of China has stopped taking in gold of purity below 99.95 percent from Chinese firms in a small step to open the precious metals sector further.
Dollar continues slide against euro
The dollar hit a new record low against the euro on Tuesday in broad selling but held on just above a three-year low on the yen, helped by rumoured Japanese yen-selling intervention.
RBI's Reddy to discuss growth and inflation
Governor Y.V.Reddy of the Reserve Bank of India said on Tuesday he will present his reassessment of the Indian economy at a trade body's annual meeting on Wednesday.
DIW calls for ECB rate cut
The DIW, one of Germany's top economic institutes, has called on the European Central Bank to cut interest rates to stimulate eurozone domestic demand.
Reddy on financial sector globalisation in India
Dr Y.V.Reddy, governor of the Reserve bank of India, talks about financial sector globalisation at the Twenty-Fifth Bank Economists' Conference held in Mumbai.
Greenspan on risk and uncertainty in mon policy
In a speech on "Risk and Uncertainty in Monetary Policy" Alan Greenspan described monetary policy is an "especially humbling" activity. He also defended his tenure as Fed chief.
Bernanke on central bank communication 'Fedspeak'
In a speech on 'Fedspeak' given on 3 January, Ben Bernanke of the Federal Reserve said the Fed could improve the US economy's performance by finding ways to make its objectives and thinking clearer.
Fed's Ferguson on lessons from productivity booms
In a speech on 'Lessons from Past Productivity Booms' given on 4 January, Roger Ferguson of the Federal Reserve said that there are signs that the impetus behind much of the recent robust gains in U.S. productivity will remain for some years.
Japan's PM says economy seeing 'bright signs'
Japanese prime minister Junichiro Koizumi said on Monday at his New Year's news conference that the country was finally emerging from its prolonged slowdown.
Central bank officials criticise Israel's Klein
A report claims that the Bank of Israel has been shaken recently by an internal crisis which saw governor David Klein presented with a growing list of complaints from department heads.
Bank Negara unveils new anti-copy notes
Bank Negara Malaysia has unveiled its new RM10 notes which contain an anti-copy security feature in the form of a holographic strip on the front.
Eurozone inflation rate falls in December
The annual inflation rate for the 12-nation eurozone fell to 2.1 per cent in December from 2.2 per cent the previous month, according to an initial estimate by Eurostat data agency released on Monday 5 January.
Europe and the dollar
If the dollar retreat of 2003 turns into the rout of 2004, what will be the options facing policy makers? Soundings among Europe's senior central bankers suggest American officials are making a big mistake if they assume that in a dollar crisis they will…
China hints at looser dollar peg
China's central bank new description of its exchange rate policy hints at plans to allow greater movement against the US dollar.
Interview with Mexico's Ortiz
Guillermo Ortiz, the governor of Mexico's central bank, has warned that the failure to introduce needed reforms will limit economic recover.