Monetary Policy
BOJ's Hayami to attend BIS meeting in Basel
Bank of Japan Governor Masaru Hayami is due to visit Basel, Switzerland, from Friday to attend a meeting of the Bank for International Settlements (BIS), the central bank said.
Transfer of Afghan money to Pakistan not illegal
The governor of the Afghan Central Bank, Anwar Ahadi, has said that the transfer of Afghan money to Pakistan or other countries is not illegal.
Japan cleanup push may not spur policy offensive
Sources familiar with central bank thinking say the BOJ views the disposal of bad loans as Japan's most significant domestic economic issue but doesn't expect the impact of the disposal process will be severe.
Russian central bank to withdraw foreign capital
This year the Russian central bank plans to significantly reduce its share in Russian foreign banks and will withdraw from their capital fully at the beginning of 2004.
Euro coins spend their first year at home
The euro has made life easier for travellers between the 12 countries that adopted the single currency a year ago. But euros appear to be more of a stay-at-home coinage than expected.
ECB chief welcomes strengthening euro
European Central Bank (ECB) president Wim Duisenberg on Thursday welcomed the recent rise in the value of the euro, and said he did not see it endangering the eurozone's competitiveness.
Greenspan on issues for monetary policy
SPEECH - In the speech 'Issues for Monetary Policy' Alan Greenspan of the Federal Reserve said as we focus on the dangers of bubbles, deflation, and excess capacity, the marked improvement in the degree of flexibility and resilience exhibited by our…
Nakahara on the challenges facing Japan's economy
SPEECH - In the speech 'The Challenges Facing Japan's Economy and the Monetary Policy Response' Shin Nakahara of the Bank of Japan said Japan must rebuild itself, taking full advantage of its accumulated stock. He describes Japan's current problem saying…
Inauguration speech by Brazil's central bank head
SPEECH - In the inauguration speech Henrique Meirelles of the Brazilian Central Bank pledged strict inflation control but said it may take longer than expected to meet current targets. He cautioned that there was no room for an imminent reduction of…
ECB must act now
ARTICLE - The article says the ECB must continue to ease interest rates soon to further boost the flagging eurozone economy as the possibility of deflation in Germany is a greater danger than inflation.
Central Bank of Ireland Press Release
PRESS RELEASE - Central Bank to exchange Irish notes and coins indefinitely, 30 December.
Central bank to exchange Irish money indefinitely
The central bank of Ireland has said that it will continue to exchange Irish banknotes and coins into euros over the coming years.
Germany to face warning on deficit rules breach
Gerhard Schroder will today, Wednesday, be told by Brussels officials to increase efforts to tackle Germany's economic problems as speculation increases that the country will break the euro's budget deficit rules, the stability and growth pact, for a…
ECB's Duisenberg defends his wife in passport row
The long running saga of Gretta Duisenberg's Palestinian flag flying continues with her visit to the Israeli-occupied West Bank. She has been told she can't use her diplomatic passport for private travel but claims not to have another passport.
New bank chief vows to control Brazil's inflation
Henrique Meirelles, who took over as president of Brazil's central bank on Tuesday said a tight grip would be kept on inflation but said it might take longer than expected to meet current targets. He also reassured investors he would be backed by…
Czech national bank may adopt euro in 2007
The Czech National Bank (CNB) has put its weight behind the Finance Ministry's plans for public finance reform, saying that the country should prepare for adoption of the euro in 2007.
Argentina complies with IMF currency restrictions
Argentina's central bank on Tuesday night fully lifted all currency market controls with the dual goal of maintaining the current price of the dollar and complying with the demands of the International Monetary Fund.
Islamic banking conference scheduled for March
A prestigious conference on Islamic banking and finance titled 'Adapting to a Rapidly Changing Regulatory and Financial Environment' is set to take place in Bahrain. The speaker list includes three central bank governors.
Guynn on the economic outlook for 2003
SPEECH - In the speech 'The Economic Outlook for 2003' Jack Guynn of the Federal Reserve Bank of Atlanta described the current recovery as "one of a kind" which followed a "unique" downturn. He expects moderate economic growth over the period immediately…
Minehan on the economic outlook
SPEECH - In the speech 'Annual Economic Summit and Outlook' Cathy Minehan of the Federal Reserve Bank of Boston said the recovery was well positioned to continue, moderately but steadily. She emphasised that patience was needed but that the further…
RBNZ Consultation - Designated payment systems
REPORT - The Reserve Bank is proposing new legislation which will allow for the designation of payment systems, and welcomes comments on the consultation document Designated payment systems, 20 December.
Bank of Canada Financial System Review, Dec 2002
REPORT - The Bank of Canada published its semi-annual Financial System Review on 19 December. The report says that the Canadian financial system has coped well during the recent period of increased financial stress. The weakening economic environment of…
Fed's Guynn says U.S. laying base for solid growth
Atlanta Federal Reserve Bank President Jack Guynn said on Monday the U.S. economy may grow only slightly faster this year than in 2002, but recent economic adjustments have laid the base for solid future growth.
Sweden can thrive without the euro
ARTICLE - After Sweden named the date for its euro referendum this article by a Swedish politician says that little enthusiasm exists across Europe for the euro and Swedes themselves are sceptical. It also claims that Britain would be striking a "blow…