Central Banks
Greenspan found learning a 'troublesome activity'
Alan Greenspan has been providing encouragement to school children, but when they asked whether rates are going up or down he replied smilingly, "Yes", according to a report from This is London.
Afghanistan cb exerts influence over provinces
Leaders in the north of Afghanistan have promised to give full assistance in implementing the central bank's orders, according to a report by the BBC Monitoring Service.
Sound economics help - Dodge speech
David Dodge identifed the Bank of Canada's inflation-targeting regime as a key stablising force for the Canadian economy. He was speaking in Berlin at the to the German-Canadian Business Club.
Forex reserves to record highs in India, Pakistan
Forex reserves in India and Pakistan have reached record highs this week, Business Line, India, reports.
Euro rises as ECB cuts rates by 0.5%
Slowing inflation has prompted the ECB to at last cut rates by half a percentage point to 2%, after persistent pressure from the markets, Bloomberg reports. The immediate consequence was a rise in the euro.
Smits on Consitutional Position of the ECB
In his inaugural address as Amsterdam University's new professor of law of economic and monetary union, Dr Rene Smits considers the strange legal status of the European Central Bank.
Transformation of the European Financial System
Based on an ECB conference held in October, "Transformation of the European Financial System" examines how the switch to the euro has affected European financial markets.
Sterling also rises as BOE leaves rates on hold
The Bank of England left rates unchanged on Thursday, causing the pound to rise against both the dollar and the euro according to a report by Bloomberg. It was governor Sir Eddie George's last appearance on the MPC.
RBNZ lowers rates to 5.25%
Weak consumer confidence caused the Reserve Bank of New Zealand to cut the official cash rate by a quarter of a percentage point to 5.25%, Reuters reports. Although the cut was expected, some economists had predicted it would be greater.
New standards for Australia's clearers
The Reserve Bank of Australia has released two new standards to govern the Australian stock settlement systems. One is addressed towards central counterparties, the other to securities settlement facilities.
Venezuelan cb urges easing of forex controls
A director of Venezuela's central bank, Armando Leon, has pressed for the government to ease - although not to end - the country's currency control system set up four months ago, in the face of a deepening recession, according to Reuters.
International Research Forum on Monetary Policy
The Fed and ECB have announced the dates for their second international monetary research conference to be held in Washington, November 14-15 2003.
Slovakia's cb favours fast euro entry
The National Bank of Slovakia governor Marian Jusko believes joining the euro will create a "stable economic environment" and consequently favours a fast entry to the euro zone.
Interview with Mexico's deputy governor
Jesus Marcos Yacaman, deputy governor of the Mexican central bank considers the bank's current policy stance and the outlook for the peso in an interview with Bloomberg.
Lebanon cb to increase forex reserves
Lebanese central bank governor Riad Salameh intends to increase foreign exchange reserves, currently at $10.2 billion, to absorb excess liquidity owing to the government's failure to launch any Treasury bills this year, according to a report in The Daily…
Australia leaves rates unchanged at 4.75%
The Reserve Bank of Australia has now kept interest rates on hold at 4.75% for a year, the New Zealand Herald reports, as a cut in rates could further raise already worrying levels of consumer debt while a raise would damage exports.
ATM scam losses minimal says UAE cb
The UAE central bank, which has been a victim of an ATM scam, has reassured the public that "the situation is under control" and losses are not serious, according to Gulf News. The bank is taking precautionary measures.
Split in Bulgaria over nomination of cb governor
There has been disagreement among the ruling coalition in Bulgaria, according to the Bulgarian News Network, over who is to continue as governor of the central bank when current governor Svetoslav Gavriyski' term ends next Wednesday.
Parry on the prospects for the US economy
In a speechon 'Prospects for the National and Local Economies: A Monetary Policymaker's View' Robert Parry of the Federal Reserve Bank of San Francisco said if it seemed appropriate, we still would have room to give a boost to the economy - even though…
Bank of Canada holds interest rates at 3.25%
Bank of Canada keeps target for the overnight rate at 3 1/4 per cent, 3 June.
Central Bank of Nigeria - Annual Report 2002
The Central Bank of Nigeria has published its Annual Report for the year ended 2002.
New BIS chief says banks weathering downturn well
In an interview with Reuters Malcolm Knight, who took over as general manager of the BIS in March, said though banks have suffered a combination of woes, including uncertainty over the Iraq war, market volatility and the economic downturn, "the overall…
Brazil's Meirelles says inflation 'stubborn'
Brazil's central bank governor Henrique Meirelles said in a Reuters interview on Monday 2 June that last year's collapse in the value of the real has left stubborn inflationary pressures with prices failing to adjust domestically after the fall in the…
"Myths surrounding a deflationary spiral"
An article published in the Financial Times argues that although some commentators think that the world economy is about to be devoured by deflation, in fact UK and Eurozone rates are currently at 3 and 1.9 per cent. Jacek Rostowski says that those…