Monetary Policy
Polish central bank cuts interest rates
Poland's central bank announced a cut in interest rates Wednesday, moving to stimulate the sluggish economy after inflation fell to a record low.
Minutes of Japan's Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 16 and 17 December 2002, released 27 January. Japan's Ministry of Finance pressured the BOJ to increase its monthly purchases of government bonds to two trillion yen ($16.97 billion)…
IMF Working Paper Series
RESEARCH - In the paper 'Market Predictability of ECB Monetary Policy Decisions: A Comparative Examination' Kevin Ross tests the idea that surveys of the ECB's monetary framework emphasise the inability of financial markets to correctly predict monetary…
IMF Working Paper Series
RESEARCH - The paper 'Why Do Many Disinflations Fail? The Importance of Luck, Timing, and Political Institutions' published on 15 January considers why so many inflation stabilizations succeed only temporarily. The authors, Javier Hamann and Alessandro…
Japan's Shiokawa, Hayami disagree over yen policy
Japan's finance minister and its central bank chief clashed over exchange rate policy on Tuesday, with Finance Minister Masajuro Shiokawa supporting a weaker yen.
Klein leaves February's interest rates unchanged
Bank of Israel Governor David Klein decided Monday to leave the central bank's key lending rate unchanged for the month of February, and interest rates will stand at 8.9%.
Bank of France chief Trichet takes stand at trial
Bank of France Governor Jean-Claude Trichet, the would-be president of the European Central Bank, testified for the first time on Monday in a financial scandal trial that could rule the 60-year-old Frenchman out of the top job at the ECB.
France's Chirac - Duisenberg must be out by 9 July
French President Jacques Chirac has made clear to top European officials that he does not want European Central Bank President Wim Duisenberg to stay in office any longer than his scheduled summer leaving date of 9 July.
SBP to unveil monetary policy paper in Feb
Pakistan's central bank plans to publish a document that will outline its monetary stance for the months ahead, a central bank spokesman has said. This would be the first time the central bank has issuing such a document, which is likely to come out in…
Interview with Andrew Crockett of the BIS
INTERVIEW - The global financial system is vulnerable to new shocks and officials will have to be on their toes to react should a series of them come together, the outgoing head of the Bank for International Settlements said in an interview Monday.
CentralBankNet Monday Special Feature
SPECIAL FEATURE - Information Technology plays a crucial role in modern central banking. In this weeks special feature CentralBankNet presents an exclusive interview with the Bank of England's Head of Information Technology, Andrew Brookes.
The next BOJ governor
ARTICLE - The article sets out some of the qualities the next governor of the Bank of Japan must have and says he should be selected with an eye to the future. But the door should be left open to all qualified persons, including ex-bureaucrats as well as…
Interview with National Bank of Ukraine's Tyhypko
INTERVIEW - In an interview with Ukrainian TV the National Bank of Ukraine chairman Serhiy Tyhypko spoke of his first foreign visit as the NBU head to Moscow which he says will help to understand one of Ukraine's major trading partners better.
Interview with Nobuyuki Nakahara
INTERVIEW - Currently an adviser to Japan's Financial Services Agency Nobuyuki Nakahara is a favourite to land the job of governor of the Bank of Japan in March. In the interview he said the introduction of a 1-3 per cent inflation target would serve as…
ECB Press Release
PRESS RELEASE - Biannual information on the counterfeiting of the euro, 23 January.
Brazil's central bank chief 'slips up' in Davos
While central bankers sometimes make the odd slip up it is not usually meant literally. But the World Economic Forum in Davos spelt bad news for Henrique Meirelles who has slipped on ice and broken his ankle CentralBankNet hears.
Hungarian central bank council member resigns
Gabor Oblath, a member of the National Bank of Hungary's rate setting Monetary Council will resign from his post Monday, the prime ministers office said.
Ukraine not to join Russian rouble zone - c bank
Ukraine is neither going to join the rouble zone nor has it received any relevant proposal from Russia, the chairman of the National Bank of Ukraine, Serhiy Tyhypko, has said in Moscow.
Koizumi moves away from inflation target idea
More LDP members oppose plans to have the Bank of Japan set price-increase goals. Japanese Prime Minister Junichiro Koizumi is shying away from promoting inflation targets to fight falling prices amid rising calls from within the ruling party for Japan…
GCC single currency 'need not be pegged to dollar'
The GCC single currency to be launched in 2010 will be pegged to only one currency - but it may not necessarily be the U.S. dollar, Sultan bin Nasser Al Suwaidi, UAE Central Bank governor said Sunday.
IMF says ECB shows mediocre market predictability
The International Monetary Fund has criticised the European Central Bank for confusing markets and said it was less predictable than its central bank peers, the U.S. Federal Reserve and the Bank of England.
ECB's Fazio thinks Iraq crisis will hurt recovery
European Central Bank council member Antonio Fazio said a war with Iraq, as well as increasing the chance of terrorist attacks, may hamper an economic recovery.
Bank of Japan Monthly Report, January 2003
REPORT - The Bank of Japan published its Monthly Report of Recent Economic and Financial Developments, January 2003, on 24 January. In its report the Bank maintained its assessment of the economy for the second straight month but warned of risks from…
Gjedrem on role and effects of monetary policy
SPEECH - In the speech 'Perspectives on the role and effects of monetary policy' Svein Gjedrem of Norges Bank said commodity-exporting countries tend to experience wide fluctuations in their exchange rate. Norway must be prepared, he said, for…