Monetary Policy
Ex-BOJ Matsushima: need broad, combined policy
ARTICLE - Japan will succeed in ridding its economy of deflation only when the government and the Bank of Japan implement a coordinated, broad-based policy, according to an ex-BOJ senior official.
Chile central bank espionage case denied
Chilean financial group Inverlink denied in a written statement on Monday any responsibility for the alleged theft of sensitive central bank information by its former CEO Enzo Bertinelli.
Banque de France may cut jobs
The secretary-general of the French central bank (Banque de France) will present unions with the results of two reports into the bank's network of subsidiaries and the future of its clients on 7 February.
National Bank of Yugoslavia changes to Serbia
As the country of Yugoslavia becomes Serbia-Montenegro, the National Bank of Yugoslavia will become the National Bank of Serbia. Montenegro has already set up its own central bank but its responsibilities are mainly limited to bank supervision.
Botswana wants African Central Bank on home turf
Botswana will vigorously lobby for the African Central Bank to be established in its territory, said President Festus Mogae to journalists on Tuesday after attending the First Extraordinary Session of the Assembly of the African Union in Addis Ababa.
Greenspan to deliver Senate report next week
Federal Reserve Chairman Alan Greenspan is scheduled to appear before a Senate panel next week to deliver the central bank's semi-annual report on the health of the economy, a Senate Banking Committee aide said on Tuesday.
Iran's central bank governor defends for ex policy
The governor of the central bank of Iran (CBI) Mohsen Nourbakhsh has defended the bank's policy of selling 14 billion dollars of hard currency in Dubai currency markets.
Bank of England's MPC set for change
The MPC looks set for a shake up and shift in balance with two noted doves due to leave by July and when the hawkish Mervyn King takes over as governor a new deputy will have to be sought.
McTeer on the banking industry
SPEECH - In a speech to the Cato Institute 20th Annual Monetary Conference Bob McTeer of the Federal Reserve Bank of Dallas said the U.S. now has a low inflation rate, close to that of the euro zone. But that the US unemployment rate has been only half…
Bernanke on discretion and monetary policy
SPEECH - In the speech '"Constrained Discretion" and Monetary Policy' Ben Bernanke of the Federal Reserve said laid out the advantages of using a framework of constrained discretion for making monetary policy. The essence of constrained discretion, he…
IMF paper on current issues in monetary policy
RESEARCH - 'Current Issues in the Design and Conduct of Monetary Policy' by Mohsin S. Khan, Director, IMF Institute, International Monetary Fund. The paper says that recent developments have brought to the forefront the idea that freely mobile capital,…
IMF Working Paper Series
RESEARCH - In the working paper 'Monetary Policy and Asset Prices: Does "Benign Neglect" Make Sense?' Michael Bardo and Olivier Jeanne of the IMF's Research Department consider the potential case for preemptive monetary restrictions when asset price…
Sveriges Riksbank Press Release
PRESS RELEASE - Changes in the routine for EU payments, 3 February.
Former Brazil central banker joins Deutsche Bank
Daniel Gleizer, 42, joins Deutsche Bank as managing director and head of global markets for Brazil, based in Sao Paulo.
Iran: Single exchange rate policy to continue
The governor of the Central Bank of Iran Mohsen Nurbakhsh has announced that the single exchange rate policy will continue in the next Iranian year which begins on 21 March. In another move it was reported that certain political groups want Nurbakhsh…
Turkish bank governor denies difference with gov't
Turkey's central bank chief Sureyya Serdengecti denied reports on Monday that the central bank had differing views on the economy from the government position on economic issues.
Peru central bank obeys nepotism laws - president
Peru's central bank chairman Richard Webb, responding to an inquiry from Congress, denied claims that the bank is violating nepotism laws even though about 20% of its employees have relatives on the staff.
Fed's Bernanke-U.S. recovery to pick up post-Iraq
Federal Reserve Board Governor Ben Bernanke said on Monday that if the geopolitical uncertainty surrounding a possible war against Iraq is soon resolved, the economy should grow above potential in the second half of the year.
Kenyan c bank plans shift to inflation targeting
The Central Bank of Kenya (CBK) is considering a gradual shift of its monetary policy-setting regime to target inflation. The inflation targeting move represents a radical shift in its current policy-setting regime.
Canada's Dodge prepares for higher rates - report
Canadians should not be surprised if interest rates rise in the "next two or three months," Bank of Canada Governor David Dodge said in a recent magazine interview. He also rejected the idea of Canada and the US adopting a common currency.
Kikuo Iwata: BOJ needs inflation target
INTERVIEW - The Bank of Japan should set a mild inflation target to defeat deflation, says Kikuo Iwata, a Gakushuin University professor, who believes that unless deflation is stopped, there can be no business revival nor fiscal reform.
CentralBankNet Monday Special Feature
SPECIAL FEATURE - New research carried out by CentralBankNet reveals that if all 10 of the European accession countries are to take up the euro, the Eurosystem will be able to boast some 70,000 central bankers. Published today, 3 February, in the 2003…
Presidents of the Federal Reserve Banks
PRESS RELEASE - Sandra Pianalto took office on February 1, 2003, as the tenth chief executive of the Fourth District Federal Reserve Bank, at Cleveland.
Chicago Fed National Activity Index, December 2002
REPORT - CFNAI shows continued softness in economic growth in December - In December, the Chicago Fed National Activity Index (CFNAI) remained below zero for a fifth consecutive month. The monthly index came in at -0.49 in December, a small improvement…