Monetary Policy
Bank of England Inflation Attitudes Survey, Aug 04
The Bank of England's August 2004 quarterly Inflation Attitudes Survey was published on 20 September. Asked about the future path of interest rates, 73% expected rates to rise in the next 12 months, little changed from 71% in the May survey.
China price performance remains stable, says PBOC
"The price performance in China remains stable on the whole," said Governor of the People's Bank of China Zhou Xiaochuan on Sunday.
Afghanistan taking steps to capital market launch
Afghanistan took its first steps towards a capital market with an auction on Sunday of capital notes which will allow the country's banks to determine a market-driven interest rate. "This is an important step for us. It is the the beginning of a capital…
Canada's prospects best for year: Dodge
Bank of Canada Governor David Dodge told Finance Minister Ralph Goodale in July the country's chances of steady economic and job growth are the best in years, Bloomberg News reported under Canada's Access to Information Act.
NBP says Poland's 2006 ERM II depends on deficit
Poland's joining the Exchange Rate Mechanism ERM II in mid-2006 depends on its meeting the budget deficit criterion, Polish National Bank (NBP) Vice-President Krzysztof Rybinski said.
IMF set to warn ECB against lifting rate too soon
The International Monetary Fund will warn the European Central Bank against lifting interest rates too soon in its next report on the world economic outlook, the Financial Times Deutschland reported without citing sources.
China to appoint new securities mkt chief
China is set to replace the head of its stock and derivatives markets regulatory body with the vice-mayor of the southwestern city of Chongqing, a Government source familiar with the situation said on Wednesday, according to Sify Finance.
Udeshi on Issues in bank regulation & supervision
In the speech 'Issues in bank regulation and supervision' given on 16 September Smt. K J Udeshi of the RBI said the rationale for financial regulation lies in the economic costs imposed on the society by financial market failure.
Bank of Japan - Annual Review 2004
The Bank of Japan has published its Annual Review for the year ended 2004, which covers the year ended 31 March 2004. In the foreword Toshihiko Fukui said economic activity in Japan remained flat in the first half of fiscal 2003 due partly to the…
Fed's Gramlich on Oil shocks and monetary policy
In the speech 'Oil shocks and monetary policy' given on 16 September Edward Gramlich of the Federal Reserve said the current spike in oil prices is unlikely to deter the Federal Reserve from continuing to raise interest rates.
Reports name V Leeladhar as new RBI dep governor
The appointment of V Leeladhar has been cleared as deputy governor at the Reserve Bank of India (RBI) according to a report by The Economic Times this week.
Gono goes to China
The Reserve Bank of Zimbabwe's embattled governor Dr Gideon Gono is believed to be in China to finalise talks on closer ties with his counterpart, the governor of the People's Bank of China.
Argentina's Redrado to be appointed cb president
Argentine Foreign Minister Martin Redrado, a former securities regulator, will be appointed central bank president after President Nestor Kirchner decided not to renew Alfonso Prat-Gay's term, which expires next week, Cabinet Chief Alberto Fernandez said…
KAS bank connects to Banque de France
KAS Bank is the first non-French bank to realise a direct connection to the payment system of the French Central Bank. KAS Bank has been active as a General Clearing Member and Settlement Agent on the French market since 2001.
Fraga used illegal money changers, Estado reports
Arminio Fraga, former president of Brazil's central bank, sent money to Brazil using illegal money changers when he was living in the U.S. in the 1990s, O Estado de S. Paulo newspaper reported.
Fitch says EU newcomers to adopt euro after 2010
Poland, the Czech Republic and Hungary are unlikely to adopt the euro until after 2010, the Fitch credit rating agency has said.
Study shows Fed's words impact on economy
The Federal Reserve's strategy adopted in the summer of 2003 for stimulating the U.S. economy without cutting interest rates was a clear success, researchers at the Fed have concluded in a new study.
ECB's Hurley says CPI not `great' concern
European Central Bank council member John Hurley said in an interview following a panel discussion in Frankfurt Thursday that inflation in the dozen nations sharing the euro isn't a ``great concern''.
BoE's Bell on statistical problems
In a speech on 'Monetary Policy, Data Uncertainty and the Supply-Side: Living With the Statistical Fog' given on 15 September, Marian Bell of the Bank of England said it is inevitable that official statistics are subject to significant uncertainty and…
'The Region' from the Minneapolis Fed, Sep 2004
The Federal Reserve Bank of Minneapolis has published its regular magazine, The Region, for September 2004. In "An Economist's Viewpoint" Gary Stern speaks on the value of economics in understanding current policy controversies. The article "A Fork in…
IMF Global Financial Stability Report, Sep 2004
The International Monetary Fund published its Global Financial Stability Report, the semiannnual assessments of global financial markets, on 15 September. In the report the IMF says that the global financial system is stronger than at any point since the…
Japan's regional banks make use of 'amakudari'
Retired senior officials from the Bank of Japan and Ministry of Finance are taking over 7% of well-paid jobs in Japan's regional banks, a process known as 'amakudari', according to Teikoku Databank Ltd.
Greek deficit breach likely to avoid sanctions
Greece announced on Saturday 11 September that its 2004 budget deficit would be 5.3% of gross domestic product. With national debt standing at 184 billion euros, 112% of GDP, or 50,000 euros for every citizen. However the collapse of the stability and…
Brazil hikes interest rates to 16.25%
Brazil's central bank interest rate setting Copom committee increased interest rates on Wednesday 15 September for the first time since February 2003, saying that it hoped to rein in inflation without disrupting the country's economic recovery.