Monetary Policy
Polish central bank leaves rates unchanged
The National Bank of Poland said on Wednesday 24 November that it had left key interest rates unchanged at its monetary policy meeting.
Recommendations for Central Counterparties
The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions (IOSCO) released a report entitled Recommendations for Central Counterparties on Wednesday 24 November.
ECB says eurozone banks have reduced USD holdings
Euro zone banks appear to have reduced their holdings of US dollar-denominated assets in the first half of 2004, the European Central Bank said in a report on EU banking sector stability.
Dodge on the Canadian economy
In a speech on behalf of Canada's Finance Minister, Ralph Goodale, to the German-Canadian Business Club of Berlin given on 22 November, David Dodge of the Bank of Canada said domestic demand is stronger and the prices of the goods and services we export…
SARB's Mboweni on central banking in Africa
In a speech on 'The global economy and central banking in Africa' given on 9 November, Tito Mboweni of the South African Reserve Bank said the changes in the world economy in recent years have led to large improvements in central banking in Africa. At…
Luxembourg's Mersch on the role of the euro
In a speech on 'The international role of the euro' given on 11 November, Yves Mersch of the Central Bank of Luxembourg said the Eurosystem has been a strong supporter of financial market integration in the EU. The introduction of the euro itself has…
Fed's Bies on fair value accounting
In a speech on 'Fair value accounting' given on 18 November, Susan Bies of the Federal Reserve said the Financial Accounting Standards Board's fair value measurement standard is a good first step toward developing enhanced guidance for the estimation of…
Sweden's Nyberg on securities market
In a speech on 'The securities market today and tomorrow' given on 10 November, Lars Nyberg of the Sveriges Riksbank said in recent years, inflation in many countries has fallen, and inflation expectations have stabilised at a level that reflects the…
Central Bank of Liberia launches website
The Central Bank of Liberia (CBL) has launched its website, according to a CBL release issued at the weekend.
Reserve Bank of Fiji to implement HiPortfolio/3
DST International (DSTi) - a leader in business solutions for the investment management industry and business process management - confirmed on Tuesday 23 November that the Reserve Bank of Fiji plans to implement the company's flagship back-office…
PBOC deputy says US should not blame others
A senior official with the People's Bank of China has warned the United States not to blame other countries for its own economic difficulties, a report said.
ECB already doing enough for growth-Weber
Bundesbank president Axel Weber told journalists Monday that the European Central Bank is doing "all it can" to support eurozone growth.
Russian central bank hints on euro reserves boost
The euro rose to its sixth record this month against the dollar after first deputy chairman of the Russian Central Bank Alexei Ulyukaev said on Tuesday 23 November that the bank might increase the share of the euro in its reserves.
Chasing dirty money
Ted Truman, a former senior official at the US Treasury and the Federal Reserve, has turned his focus on the fight against money laundering. Paul Brione reports for CentralBankNet.
Bank of Japan Monthly Report, November 2004
The Bank of Japan released the English version of its November 2004 monthly report on 22 November. In the report the BOJ downgraded its assessment of exports and production in its report but maintained its overall view that the country's economy was on…
ECB's Trichet on the euro in wider circles
In the speech 'Euro in wider circles' given on 19 November Jean-Claude Trichet of the ECB said structural reforms are a necessary condition for raising European growth. He added that the ECB's stability mandate is the focus of its monetary policy.
BoE's Large on Financial Instrument Accounting
In the speech 'Financial Instrument Accounting' given on 22 November Andrew Large of the Bank of England said it is essential that accounting standards have a clear economic rationale, promote comparability and secure adequate disclosure.
NY Fed's Geithner on hedge funds
In a speech on 'Hedge funds and their implications for the financial system' given on 17 November, Timothy Geithner of the Federal Reserve Bank of New York said investors and banks should take a hard look at the investment strategy, track record and…
Debt restructuring code adopted by G20
German Finance Minister Hans Eichel confirmed on Sunday 21 November that the G20, excluding Argentina, had adopted a set of rules on sovereign debt restructuring in Berlin at the G20's annual meeting.
BMA dep gov: Monetary policy key to currency union
Bahrain Monetary Agency (BMA) Deputy Governor Khalid Al Bassam said a strong monetary policy will be even more important for the region with the introduction of a common GCC currency.
PBOC's Zhou says fx liberalisation not ready
People's Bank of China Governor Zhou Xiaochuan told reporters on Saturday November 20 that China is not ready yet to liberalise its exchange rate.
Buba warns 'substantial risk' of deficit breach
The Bundesbank warned on Monday 22 November that Germany risks breaking the EU's tight budget rules again next year, even if it insists it will be able to meet its deficit commitments in 2005. In its November monthly report the German central bank said…
RBNZ seeks Economics Department leader
The Reserve Bank of New Zealand said this week that it was looking for a self-motivated people manager to join the Bank's Economics Department to lead the Research team.
Denmark promotes Assistant Head of Division
Danmarks Nationalbank's Committee of Directors announced on 16 November that it has appointed Kristian Kjeldsen, Assistant Head of Division, to Head of Division.