Venezuela's central bank president Diego Luis Castellanos announced today that the institution would not impose controls over private banking interest rates.
The Bank of Japan said on Friday its policy board decided to continue its policy of driving the key overnight call rate to 0.25%, a decision widely expected by financial markets. The decision was by a majority vote.
Faced with slowing economic growth and an uncertain short-term economic outlook, a number of Federal Reserve officials have concluded that the risk of serious weakness in the economy is as great as the risk that inflation will get worse, the Washington…
Dariusz Rosati, former finance minister and member of the central bank's monetary policy council (RPP), responded in a recent issue of the current affairs weekly Polityka to a critical article by Professor Andrzej Sopocko. Edited excerpts follow.
Vietnam's central bank governor Le Duc Thuy discussed plans to develop the country's banking system in an interview with the local Sai Gon Giai Phong (Liberation Saigon) Daily newspaper.
The head of the Hong Kong Monetary Authority, one of the world's largest holders of foreign exchange, said he remained apprehensive about the risk of a downturn in the US economy, according to the Friday overseas edition of the Financial Times.
The fifth summit meeting of the West African Economic and Monetary Union [UEMOA] ended in Bamako this afternoon.
The European Central Bank has decided to leave its yardstick for euro area money supply growth unchanged. After the governing council meeting today, the ECB said that the evidence continues to support the assumptions underlying the derivation of the…
The European Union's Nice treaty calls for a review of how votes are taken on the ECB's governing council, but does not provide for amending its composition, a draft text obtained by journalists on Wednesday said.
Nancy Stokey and her University of Chicago colleague and partner, Nobel Laureate Robert E. Lucas Jr., chose to spend a semester's sabbatical at the Minneapolis Fed this autumn. Arthur Rolnick, the Minneapolis Fed's director of Research, took this…
Journalist Steven Beckner, who has covered monetary policy since the beginning of the Greenspan years, has written a useful book that goes beyond the regular elliptical utterances of the Fed chairman. Reviewed by Kevin L. Kliesen, Economist, Federal…
This article is from Zimbabwe's Financial Gazette said that a surprise fall in Zimbabwe's inflation rate should be viewed a temporary. The subsequent reductions in interest rates by the central bank are therefore short-term, says the article.
Spanish inflation rose to 4.1% annually in November, stuck around a near five-year high amid fears of a price-wage spiral and a civil sector protest over loss of purchasing power.
This article by Jacob M. Schlesinger from the Wall Street Journal says that the new US president, George W Bush, should learn to cultivating the US Federal Reserve chairman Alan Greenspan.
Despite growing signs of a slowdown in the U.S. and sputtering growth in Germany, the French economy remains remarkably robust, economists say.
In a "Letter to the Editor" in the Financial Times, Blair Baker says what the Bank of England can learn from the Federal Reserve, following Don Kohn's report on the problems with the BoE inflation forecast.
The monetary policy of the Swiss National Bank is currently appropriate for domestic economic conditions, but the SNB must monitor the effect of European Central Bank rate policy on exchange rates and guard against too sharp a rise in the Swiss franc…
European Central Bank governing council member Matti Vanhala on Thursday reiterated that the euro zone was close to its inflation peak but said the risks to price stability were still "upwards".
Uganda's central bank on Thursday announced a rise in commercial bank reserve requirements from next week in a bid to stem inflationary pressures from the weakening shilling.
European Central Bank president Wim Duisenberg made the following comments at a news conference on Thursday concerning Greece's entry into the eurozone: "It is indeed an historic moment and a very satisfying and gratifying moment."
Dutch consumer prices are set to grow 4.2% in 2001, the highest growth level since 1983, the Dutch Central Bank said Wednesday in its quarterly report.
Norges Bank, the Norwegian central bank, left its key lending rates unchanged as expected at Wednesday's regular monetary policy meeting and maintained a neutral stance regarding future decisions.
The governor of the Sudanese central bank, Mr Saber Mohammed Al-Mahdi, said that the Bank had decided to lower the cash reserves ratio in the local commercial banks from 15% to 10%.
The Southern Cone Common Market, or Mercosur, on Wednesday announced macroeconomic convergence targets, including fiscal and inflationary goals, top officials said.