Central Banks
Fed rate change near election ' political'
Changing interest rates near the U.S. presidential election is an inherently political act the Federal Reserve would try to avoid, but if it has to move it will, a top Fed policy-maker said on Tuesday 30 March.
Guynn: Rates must return to neutral
Low US interest rates must be brought back to a more neutral level and if they stay down for too long financial market excesses can build, Atlanta Fed chief Jack Guynn said on Tuesday 30 March.
ECB opinion of proposed member of Executive Board
At the 1 April meeting of the Governing Council of the ECB it adopted an opinion on a recommendation from the Council of the European Union on the appointment of a new member of its Executive Board.
ECB questions and answers
The European Central Bank held interest rates unchanged at its meeting on 1 April. Jean-Claude Trichet told the afternoon press conference the ECB's key rates remain "in line with the maintenance of price stability" in the eurozone, although recent…
Japanese Tankan report shows signs of improvement
There are further signs of economic recovery in Japan, with a key measure of Japanese business confidence at its highest level in seven years.
IMF warns of Philippines debt crisis
The International Monetary Fund has expressed "serious concerns" over the Philippines government's budget and indebtedness in a report.
Fed says Greenspan in 'fine' health
The Federal Reserve has dismissed the rumour which swept financial markets on Wednesday 31 March that Fed Chairman Alan Greenspan had suffered a heart attack.
Top Islamic bankers meeting in Bali
The Islamic world's top central bankers are meeting in Bali to tackle problems ranging from personnel to paperwork that hinder Islamic banking.
Back to the future? Assessing the deflation record
This BIS Working Paper looks back to a period when deflation was a regular feature of the economic environment, and says the phenomena comes in three basic types: the good, the bad and the ugly. It finds that despite periods of deflation it was not…
Kohn on research at the Federal Reserve
In a speech on 'Research at the Federal Reserve Board: The Contributions of Henderson, Porter, and Tinsley' given on 26 March, Donald Kohn of the Federal Reserve said the Fed's armada of economic researchers play an important role in helping policymakers…
Brazil doesn't plan to renew IMF accord, Meirelles
The Brazilian government doesn't plan to renew a $14.8 billion loan accord with the International Monetary Fund that expires this year, as it is accumulating foreign reserves, central bank president Henrique Meirelles said.
IADB conference opens in Peru
Finance ministers and central bank presidents from 46 nations are meeting in Lima to participate in the Inter-American Development Bank conference, which opened on Monday 29 March.
Eurozone inflation remains at four-year low
Inflation in the 12-nation eurozone stood at a four-year low point of 1.6 percent in March, unchanged from February, Eurostat said in a preliminary estimate on Wednesday 31 March.
BSP raises $500M from foreign banks
The Philippine central bank said on Wednesday 31 March that it has raised 500 million dollars in financing from a syndicate of eight foreign banks.
Eurozone to recover despite mixed signals
Slow consumer spending is casting a shadow over the short-term outlook for the eurozone economy, the European Commission said in a report, agreeing with concerns expressed by the European Central Bank.
Venezuela central bank against reserves plan
Venezuela's central bank has again repeated its opposition to President Hugo Chavez's plan to deprive the bank of its autonomy and take $7 billion of international reserves to fund projects and social programs.
Japan denies scrapping yen policy
Japan's Ministry of Finance has taken the unusual step of denying a report on The Times newspaper's website that Japan's campaign to suppress the rise of the yen against the dollar had 'officially' ended.
Canada's Jenkins on Asia and the Global Economy
In a speech on 'Asia and the Global Economy' given on 30 March, Paul Jenkins of the Bank of Canada explores the issues arising from the growing importance of Asian emerging-market economies, notably China and India, in the global economy.
Parry on community development and leaving the Fed
In opening remarks given on 29 March at the Community Reinvestment Conference in Hollywood, California, Robert Parry of the San Francisco Fed discussed why community development is a priority for the Federal Reserve System. Parry also talks about what…
New Zealand cb's reserves boosted
The Reserve Bank of New Zealand will receive an extra NZ$1.9 billion (US$1.2 billion) in foreign exchange "for the purpose of stabilising the foreign exchange market in a period of, or to avoid, market dysfunction," Michael Cullen, the finance minister,…
Edwards to replace Carson as IMF statistics head
Anne Krueger, acting managing director of the International Monetary Fund (IMF) since Horst Kohler resigned, is to appoint Rob Edwards, an Australian, to replace Carol Carson as the IMF's head of statistics.
BoE's s Barker: no need to raise rates
A high inflation forecast does not mean the Bank of England has to raise rates, a member of its rate-setting monetary policy committee told a Scottish newspaper, as figures released today showed the UK housing boom continuing apace.
Federal Reserve to close Columbia branch
The Federal Reserve Bank of Richmond's regional office in Columbia will close in August, it was announced earlier this month.
Interview - Sir Andrew Large
CentralBankNet presents the highlights of Sir Andrew Large's recent interview with The Financial Regulator journal, in which he describes how the Bank of England works to maintain financial stability in the United Kingdom, and comments on the new Basel…