Monetary Policy
European Parliament Press Release
PRESS RELEASE - ECB - steady as she goes despite uncertainty, says Wim Duisenberg, 17 February.
Is Japan ready to reflate?
ARTICLE - When the Japanese prime minister says he wants a "deflation fighter" at the Bank of Japan, he may not be referring to monetary policy at all. This article says the Japanese consensus view - one shared by Mr Koizumi and Masaru Hayami, the BoJ's…
Duisenberg testimony at the European Parliament
SPEECH - In testimony before the Committee on Economic and Monetary Affairs of the European Parliament Wim Duisenberg of the European Central Bank said said Monday that the ECB's already accommodative monetary policy will help support an expected…
Bies on financial markets and corporate governance
SPEECH - In the speech 'Financial Markets and Corporate Governance in the United States and Other Countries' Susan Bies of the Federal Reserve said as the United States goes forward, even if transparency through corporate financial reports improves,…
Stevens on the economic outlook
SPEECH - In the speech 'The Economic Outlook' Glenn Stevens of the Reserve Bank of Australia said Australia still faces a difficult environment abroad. Uncertainty is high internationally at present, and confidence subdued. It is to our advantage,…
Bank of Japan Press Release
PRESS RELEASE - Announcement of the Monetary Policy Meeting decisions (unchanged), 14 February.
Russian gold reserves reach another record high
Russia's gold and foreign exchange reserves totalled 50.2bn dollars as of 7 February, compared with 49.3bn as of 31 January, First Deputy Chairman of the Russian Central Bank Oleg Vyugin told journalists.
Prodi urges more flexibility on Pact
European Commission president, Mr Romani Prodi, has called for more flexible rules governing the 12-nation euro zone, amid warnings that war on Iraq could throw the region's economy further off course. Prodi famously referred to the Pact as 'stupid'…
Poland to join euro zone in 2007- finance minister
Finance Minister Grzegorz Kolodko reiterated that Poland could meet Maastricht convergence criteria in 2005 and join the euro zone in 2007.
Noyer mentioned as potential ECB candidate
CentralBankNet learns that former European Central Bank vice president Christian Noyer may be in line to take over from Wim Duisenberg as president of the ECB in July if Jean-Claude Trichet is unable to take up the position.
Bank of France strike begins with 62% not working
At least 62 per cent of the 8,000 branch employees of France's central bank, the Banque de France, stopped work Thursday in protest against plans to trim the bank's branch network.
'Mr Yen' expects new intervention tactic by Japan
Japanese authorities, whose surprise currency intervention last month has largely stabilised the yen, will likely try a new trick when they step into the market again, a noted intervention guru said on Friday.
BoC's Knight says monetary conditions expansionist
The Bank of Canada said domestic monetary conditions "remained expansionist" and held to last month's forecast that inflation in the first quarter would range between 4 and 4.5 percent, Senior Deputy Governor Malcolm Knight said in a prepared speech on…
Japan's central bank maintains monetary policy
Japan's central bank kept its monetary policy unchanged Friday but said it was prepared to provide extra cash to maintain stability in the financial markets.
Preventing money laundering in Israel
REPORT - The Bank of Israel's January 2003 edition of its newsletter BOI includes an outline of efforts by the central bank and government to prevent money laundering after Israel was placed on the FATF's blacklist of countries deemed non cooperative in…
Paul Krugman on Alan Greenspan's testimony
ARTICLE - Last week we re-published an article by Paul Krugman, a much respected figure in the world of economics, saying that Alan Greenspan was an apologist for Bush's wayward fiscal policies. Now having heard Greenspan's testimony Professor K puts pen…
Latvian PM says he is a mad Martian
Latvian Prime Minister Einars Repse, and former central bank head, responding wryly to criticism of his performance, says he is a mad Martian who had come to live on Earth.
Monetary Policy Report to the Congress
REPORT - In the Federal Reserve's report to Congress it reflects on the series of blows the US economy has suffered in the last few years, including the falls in equity values, the terrorist attacks of September 2001, corporate malfeasance and the…
Guynn on the state of the recovery
SPEECH - In the speech 'The State of the Recovery' Jack Guynn of the Federal Reserve Bank of Atlanta said the recovery is real, it's showing up on our radar; we know it's here, it's just not as obvious as it usually is. Guynn thinks the recovery will be…
ECB Monthly Bulletin, February 2003
REPORT - The European Central Bank published its February 2003 Monthly Bulletin on 13 February. This issue contains two articles. The first addresses the interactions between the single monetary policy and fiscal policies in the euro area. The second…
Central Bank of the Philippines Press Release
PRESS RELEASE - 38th SEACEN Governors Conference and 22nd Meeting of the SEACEN Board of Governors.
Deutsche Bundesbank Monthly Report, January 2003
REPORT - The Bundesbank said in its January 2003 monthly report that there were further job cuts and unemployment increased significantly. The price climate in Germany at the end of 2002 remained favourable. The rate of consumer price increase remained…
Trial delay makes ECB job unlikely for Trichet
The verdict on the trial of Jean-Claude Trichet, the governor of the Bank of France will not be announced until 18 June. The sensational four month delay to analyse "complex details" virtually rules Trichet out of the running as the next president of the…
Irish central bank hints at early euro rate cuts
Ireland's central bank governor John Hurley Wednesday night provided a strong hint of significant early European interest rate reductions.