Monetary Policy
U.S. impressed with Brazil's anti-inflation stance
Brazil's central bank chief Henrique Meirelles met John Snow, the US treasury secretary, on Tuesday 22 April, according to Rreuters. Snow expressed support for Brazil's efforts at controlling inflation.
'Work longer' says Bank of Greece's Garganas
Governor Nikos Garganas of Greece's central bank said on Tuesday 22 April that his people must learn to work more and that the retirement age should be raised, according to Kathimerini.
Greenspan may try for a fifth term as Fed chief
Alan Greenspan, chairman of the US Federal Reserve, said on Wednesday 23 April that he would accept another term as Fed chairman if nominated by the White House, according to Bloomberg News. "The president and I have not discussed this but I greatly…
Research themes at the Bank of Canada, 2003
The Bank of Canada presents a summary of major research themes for 2003. Studies will continue on various aspects of inflation dynamics including extensions to earlier work on New Keynesian Phillips curves and developing more sophisticated approaches to…
Bank of England MPC Minutes 9/10 April 03
Minutes of the Bank of England's Monetary Policy Committee Meeting were released on 23 April for the meeting of 9 and 10 April 2003. The minutes show that MPC members voted 7-2 in favour of maintaining interest rates at their current levels. Christopher…
Moskow on US economy and corporate governance
In a speech on 'Breaking Down the Breakdown of Corporate Governance: Incentives, Information, and a Rational Course for Policy' Michael Moskow of the Federal Reserve Bank of Chicago said the long-term prospects for our economy are bright. The U.S…
Riksbank's Persson on monetary policy
In a speech on 'Monetary policy and labour supply' Kristina Persson of the Sveriges Riksbank said monetary policy cannot directly affect production's potential, long-term growth rate. However, it can indirectly lay the foundation for a good development…
Japan's PM says 1-2 % inflation good for economy
Junichiro Koizumi said at the weekend that rises of around one to two per cent annually would benefit the economy and price falls are not "desirable", Reuters reports.
EU central bankers may face EFC sidelining
A proposal has been made to exclude central bankers from some discussions of the influential Economic and Financial Committee (EFC), according to a report from Online. The proposal is designed to prevent the EFC from becoming unwieldy after 10 more…
Fed's Parry: Fed has room to cut rates if needed
San Francisco Fed president Robert Parry, a voting member of the FOMC, has said the Federal Reserve still has room to lower interest rates "if things weren't coming together in the economy", according to Dow Jones.
Greenspan's surgery successful, says US Fed
Federal Reserve chairman Alan Greenspan has undergone surgery. The Fed said on Tuesday April 22 that the operation was successful and he should be back in his office later this week, according to a Reuters report.
Bush in favour of another term for Greenspan
US president Bush has said he backs Alan Greenspan for reappointment as chairman of the Federal Reserve. Bush is quoted by the Financial Times as telling reporters "I think Alan Greenspan should get another term".
Bank of England minutes show 2 votes for rate cut
Minutes of the Bank of England's April meeting show two members of the MPC voted for interest rate cuts and the committee signalling next month's meeting could be crucial for the direction of interest rates, as members would have various new data…
Central Bank of Malta - Annual Report 2002
The Central Bank of Malta has published its Annual Report for the year ended 2002.
RBZ staff boycott canteen over food quantity
Tensions are rising at the Reserve Bank of Zimbabwe after complaints about the food served in the staff canteen, according to All Africa News. Angry workers have called for the caters to be replaced after food portions were cut prompting the majority of…
Bank of Canada Monetary Policy Report Apr.03
The Bank of Canada on Wednesday April 23 released its April 2003 Monetary Policy Report. In the report the bank cut its growth forecast for the year and said the potential impact of the SARS virus creates additional uncertainty for this country's economy…
P. Jenkins new deputy governor of Bank of Canada
In his opening statement at the launch of the Bank of Canada's Monetary Policy Report, David Dodge introduced Paul Jenkins, the new Senior Deputy Governor at the Bank. Dodge said his deep understanding of the bank and its staff, as well as economics,…
Norges Bank's Gjedrem on the Norwegian economy
In a speech on 'Monetary policy, inflation and the outlook for the Norwegian economy' Svein Gjedrem of Norges Bank said in spite of the interest rate cuts and a stimulatory central government budget, overall economic policy has been tight because the…
Philadelphia Fed Business Outlook Survey, Apr 2003
The region's manufacturers report weaker activity for the second consecutive month in April's Business Outlook Survey from the Philadelphia Fed. Indexes of general activity, new orders, and shipments all declined this month. Firms surveyed also reported…
UK tests for joining the euro
An article in the Financial Times suggests the UK government's assessment of whether the economic tests for membership of the euro have been passed will be important, even though it is widely expected that the tests will not have been passed. The…
Ukraine's Tyhypko sums up 100 days in office
The chairman of the National Bank of Ukraine, Serhiy Tyhypko, has spoken of his first 100 days in office, reports the Zerkalo Nedeliu website, Kiev. He said it was "difficult to give a definitive answer" when asked whether he would be involved in the…
Thailand's central bank keeps its key rates steady
The Bank of Thailand kept its main interest rate unchanged on Monday 21 April at 1.75%, acording to the Bangkok Post. An assistant governor of the central bank said the impact of the Sars virus on the economy remained uncertain.
Iran c bank chairman to be appointed on 27 April
Iran's finance minister will announce the name of the new governor of the central bank of Iran at a Sunday session of the cabinet meeting to be held 27 April, according to the IRNA news agency.
Turkey: cb governor briefs cabinet re Iraq
The governor of the central bank of Turkey has briefed the Council of Ministers on the economic situation and the impact on the Turkish economy of the recent conflict in Iraq, according to a report on TRT 2 TV in Turkey, Reduced uncertainly, he said,…