Monetary Policy
Ferguson on September 11 and the Federal Reserve
SPEECH - In the speech 'September 11, the Federal Reserve, and the Financial System' Roger Ferguson of the Federal Reserve said on the morning of September 11, the Fed, as monetary authority, as payment system operator, as banking supervisor, and as…
Bank of England Press Release
PRESS RELEASE - Bank of England Reduces Interest Rates by 0.25% to 3.75%, 6 February 2003.
Bank of England surprises with 0.25% rate cut
The Bank of England's Monetary Policy Committee surprised markets on Thursday with a quarter point interest rate cut to 3.75%.
European Central Bank Press Release
PRESS RELEASE - Monetary policy decisions, 6 February 2003.
France may introduce 'super-regulator'
On Wednesday the French government proposed a series of measures aimed at restoring confidence in the country's stock market, including the creation of a financial super-regulator and a tightening of controls over the accounting profession.
Trichet trial - Prosecution begin summing up case
On Wednesday the prosecution prepared to conclude their case in the trial of Jean-Claude Trichet, governor of the Bank of France, for his alleged role in covering up the true losses of Credit Lyonnais in the early 1990s.
Ferguson: Can't predict war impact on economy
Federal Reserve Vice Chairman Roger Ferguson said on Wednesday it is very difficult to gauge how a potential war with Iraq would affect the U.S. economy.
ECB formally agrees change to vote system
The Governing Council of the European Central Bank (ECB) has formally agreed to change its voting system after new member-states join the euro zone.
Romanian central bank to switch reference to euro
The Board of the National Bank of Romania (BNR) has decided to set the reference exchange rate for the Romanian currency against the euro starting in March this year.
Venezuela brings in new foreign exchange controls
Venezuela has introduced a raft of new foreign currency controls under President Hugo Chavez in an attempt to ease the economic turmoil that has enveloped the country.
Central Bank of Kenya - Annual Report 2002
ANNUAL REPORT - The Central Bank of Kenya has published its Annual Report for the year ended 2002.
ECB Press Release
PRESS RELEASE - Governing Council formally recommends new voting system, 4 February.
Duisenberg - Nederlandse Antillen Bank anniversary
SPEECH - In a speech on the occasion of the 175 anniversary of the Bank van de Nederlandse Antillen Wim Duisenberg of the European Central Bank said that increased fiscal discipline is needed to reduce vulnerabilities or, to put it more positively, he…
Reserve Bank of Australia Press Release
PRESS RELEASE - At its meeting on 4 February the RBA Board decided to leave the cash rate target unchanged at 4.75 per cent, 5 February.
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…