Monetary Policy
UAE central bank profits fall
UAE - A steep decline in interest rates slashed the net profits of the UAE central bank by nearly a third in 2001, reports Gulf News, but its deposits with other banks almost doubled, its balance sheet showed.
Trichet affair could hurt euro, says EC president
GERMANY - European Commission president Romano Prodi said in a newspaper interview Saturday that the legal problems of French Central Bank Governor Jean-Claude Trichet, tipped to become the next head of the European Central Bank (ECB), could pose a…
Bulgarian National Bank - Annual Report 2001
ANNUAL REPORT - The Bulgarian National Bank has published its Annual Report for the year ended 2001.
C Bank of Trinidad and Tobago - Annual Report 2001
ANNUAL REPORT - The Central Bank of Trinidad and Tobago has published its Annual Report for the year ended 2001.
Minutes of Japan's Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 11 and 12 June 2002, released 19 July. A few members remarked that the Bank should make clear its intention to continue the current monetary easing stance because it was important to…
Fear and Loathing of Central Banks in America
RESEARCH - Research from the Federal Reserve Bank of Cleveland, by Michael Bryan and Bruce Champ, June 2002. In the paper the author's call the Federal Reserve "America's uneasy compromise between our wariness of concentrated financial power and our…
New governor - Central Bank of Trinidad and Tobago
TRINIDAD AND TOBAGO - The Central Bank of Trinidad and Tobago has a new governor. Ewart S. Williams has been appointed Governor of the Central Bank for a period of five years starting 17 July. He replaces Governor Winston Dookeran who completed his term…
BOJ head sees few reasons for further dollar fall
JAPAN - Bank of Japan Governor Masaru Hayami said on Friday that the dollar, whose weakness against the yen has alarmed Japanese authorities, did not have much reason to fall further.
Prosecutors confirm no appeal on Trichet
FRANCE - The Paris prosecutor's office has confirmed that it will not appeal a summons issued to Jean-Claude Trichet, governor of Banque de France, to appear in court on charges of complicity in false accounting.
MAS says recession is officially "over"
SINGAPORE - Singapore's worst and longest recession is over. The shrinkage actually ended abruptly on 31 December, the Monetary Authority of Singapore (MAS) said Thursday.
French farce
ARTICLE - Jean-Claude Trichet faces new obstacles in his quest to head the ECB. Whoever said central banking was dull? asks the Economist, 18 July.
MAS Monetary Policy Statement
STATEMENT - Monetary Authority of Singapore, Monetary Policy Statement, 11 July.
Speech by DPM Lee Hsien Loong, Singapore, 15 July
SPEECH - In the speech titled 'Best practices in insurance regulation' Loong said that "MAS will continue to work together with the insurance industry to achieve international best practices and standards. Over the past two years, MAS has worked hard to…
Reserve Bank of Australia - Bulletin, July 2002
REPORT - On 18 July the Reserve Bank of Australia (RBA) published its July 2002 Bulletin. In the Bulletin the RBA says that over the past five years, there has been a sustained rise in house prices in most major cities in Australia. Some part of this…
Bank of Japan Monthly Report, July 2002
REPORT - On 18 July the Bank of Japan published its Monthly Report of Recent Economic and Financial Developments, July 2002. In the report the BOJ says that Japan's economy, despite continued weakness in domestic demand, has almost stabilized as a whole…
Bank of England News Release, 18 July
NEWS RELEASE - The Bank of England plans to resume issuing the new Elizabeth Fry £5 note in the week commencing 19 August.
UK Treasury criticised over Bank of England posts
UK - The Treasury has been rebuked for failing to follow proper procedures for appointments to the Bank of England's governing body.
Euro did cause price prices - Eurostat
GERMANY - The changeover to euro banknotes and coins might have added as much as 0.2 percentage points to eurozone inflation in the first half of this year, Eurostat, the European Union's statistical agency, said on Wednesday.
Cheap money and big risks
ARTICLE - Those who still hang on Alan Greenspan's every word should have little difficulty predicting the direction of US interest rates: the next change will be up, writes the FT in London on Thursday in an editorial.
Edward George enters ECB race - and promptly exits
UK - The Financial Times on Thursday speculates that Edward George could be the ideal man for the ECB's top job now that long-time favourite Jean-Claude Trichet faces trial. However, sources at the Bank of England told CentralBankNet on Thursday that…
Deputy head of Central Bank of Russia appointed
RUSSIA - Central Bank of Russia chairman Sergey Ignatyev signed on Wednesday an order appointing Konstantin Korishchenko as his deputy, a source in the bank said Thursday.
Russian PM criticises central bank over inflation
RUSSIA - Russian Prime Minister Mikhail Kasyanov has pointed to continued favourable trends in the national economy but scolded the central bank over its lack of control over inflation.
Fed Reserve Bank of Richmond - Annual Report 2001
ANNUAL REPORT - The Federal Reserve Bank of Richmond has published its Annual Report for the year ended 2001.
Fed Res Bank of San Francisco - Annual Report 2001
ANNUAL REPORT - The Federal Reserve Bank of San Francisco has published its Annual Report for the year ended 2001.