Central Banks
C bank chief - Mexico will meet inflation target
The governor of Mexico's central bank, Guillermo Ortiz, has said the country's 3 percent inflation target for this year is be met within a 1 percent range either side, according to Bloomberg News
Report says Serb c bank governor's days numbered
A report published by Vesti claims "the Serbian National Bank bill will be tabled in the Serbian Parliament in a few days time, and according to its decrees there isn't the remotest possibility that the current governor could retain his position".
Bank of Korea appoints new deputy governor
The Bank of Korea has promoted Assistant Governor Lee Seong-tae to deputy governor, reports the Yonhap news agency. He replaces Park Cheul who resigned voluntarily before the expiry of his tenure in July.
New York Fed may get interim president
The Federal Reserve Bank of New York may install an interim president if a permanent replacement cannot be found immediately, according to the Financial Times. Pete Peterson, chairman of the Bank said "This is an important job in the system and we're…
Lebanon c bank to launch electronic bank service
The central bank of Lebanon announced the launch of secure electronic banking and information for Lebanon (SEBIL) on Friday 16 May, reports the Middle East Financial Network. The new system provides identification authorization, cryptographic services,…
G7 names Fed's Ferguson to head G7 stability forum
The G7 announced on Saturday 17 May that it had named Federal Reserve Vice Chairman Roger Ferguson as the new head of the Financial Stability Forum, according to Reuters
Visa starts court case against RBA over reforms
On Monday 19 May Visa International began legal action in court against the Reserve Bank of Australia, claiming that the RBA did not have the power to undertake sweeping reforms of Australia's credit card industry, according to Associated Press.
Advisor to UK chancellor says scrap Stability Pact
In a paper published on Monday 19 May in the Oxford Review of Economic Policy abd reported in The Times, Michael Artis, an economics professor who provided technical input for some of the 18 euro studies sent to the UK Cabinet this weekend, and…
How Independent are Arab Central Banks?
An article in the Middle east Financial Network says that one way to measure the independence of a central bank is to consider the period of the governor's term and how often it is renewed. A number of Arab central bank governors and their deputies, it…
Exit economists from NY Fed contest
An article in the Financial Times calls it troubling that the two front runners have pulled out of contention for the job of New York Fed president. This reluctance fits something of a disturbing trend, the article asserts, with all the members of George…
BOK Governor suggests NE Asian economic bloc
The governor of the Bank of Korea Park Seung has said that the Northeast Asian nations should beef up economic cooperation in the region in keeping with the global trend toward regional economic blocs, according to the Korea Times
Banking returns to normal in the Solomon Islands
Trading has resumed at major banks in the Solomon Islands, reports Radio Australia. The central bank has reopened and reports say that long queues have formed at some banks. The moves came after organisers of the collapsed pyramid scheme run by the…
Minister locked in car misses speech at Thai cb
Thailand's finance minister, Suchart Jaovisidha, was on his way to address central bank officials from around the world when his state-assigned BMW stalled and locked him in the car, according to a report by CNETAsia.
Colombian President wants c bank to halt peso rise
The president of Colombia has called on the central bank to halt the pesos rise against the US dollar to promote economic recovery through a more competitive exchange rate, according to a Reuters report.
National Bank of Belgium - Annual Report 2002
The National Bank of Belgium has published its Annual Report for the year ended 2002.
Fed Reserve Bank of Cleveland - Annual Report 2002
The Federal Reserve Bank of Cleveland has published its Annual Report for the year ended 2002.
Bank of Israel - Annual Report 2002
The Bank of Israel has published its Annual Report for the year ended 2002.
Central Bank of Luxembourg - Annual Report 2002
The Central Bank of Luxembourg has published its Annual Report for the year ended 2002.
Bank of Finland - Annual Report 2002
The Bank of Finland has published its Annual Report for the year ended 2002.
Bank of Canada Review, Spring 2003
The Bank of Canada published its Review for Spring 2003 on 15 May. The Review contains articles titled The Bank of Canada: Moving Towards Transparency, Inflation Targeting and Medium-Term Planning: Some Simple Rules of Thumb, Conference Summary: Price…
Philadelphia Fed Business Outlook Survey, May 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…
Freedman on financial stability
In a speech on 'Financial Stability: National and International Issues' Charles Freedman of the Bank of Canada discussed recent developments in the area of financial stability -i nternational and national.
Bank of Japan makes legal reserves application
The Bank of Japan applied to the Minister of Finance on 15 May to retain an extra ten-hundredths of its net income, as the legal reserve for Fiscal 2002.
Cleveland Fed Banking and Payments Workshop
The Federal Reserve Bank of Cleveland's Central Bank Institute is holding a Banking and Payments Workshop from 19-21 May. Contributors are a mix of academics and central bankers with discussions including 'The ABCs of Money and Banking', 'Money in a…