Central Banks
Publication of Sveriges Riksbank Inflation Report
On Tuesday, 18 March, the Riksbank will present this year's first report on monetary policy to the Riksdag Finance Committee. Pursuant to the Sveriges Riksbank Act, the Riksbank must present a written report on monetary policy to the Committee at least…
Norges Bank's regional network
In autumn 2002, Norges Bank established a regional network of enterprises, organisations and municipalities throughout Norway. We will have six rounds of talks each year with business and community leaders concerning financial developments in their…
S. Korea central bank concerned over nuclear issue
Bank of Korea governor Park Seung has spoken of the concerns he has for the Korean economy with geopolitical factors and the North Korean nuclear issue, as reported by Yonhap news agency.
Japanese parliament approves central bank governor
Toshihiko Fukui was approved on Friday March 14 as the next governor of the Bank of Japan, as reported by Kyodo News Service. His five-year term of office will begin next Thursday, March 20.
Former Venezuelan c bankers claim gov't runs bank
A report suggests that the Central Bank of Venezuela is under government control with the central bank endorsing government policies - violating its Constitution, accrding to a report by Vheadline.
Brazil's Senate approves 3 central bank directors
Brazil's central bank has approved the nomination of three new directors with an overwhelming majority, according to a Reuters report.
EU Parliament rejects ECB vote proposal
In a non-binding vote, the European Parliament rejected the ECB's proposal and backed an alternative proposal by MEP Ingo Friedrich for the retention of existing voting rights for all governors and the continuation of decisions by the Governing Board to…
Kansas City Fed's Hoenig:Community banks important
Kansas Fed President Thomas Hoenig said on Friday March 14 that community banks are important to the financial system by specializing in relationship banking and providing credit to small businesses, according to a report by Reuters.
IMF Statement on Assassination of Serbian PM
Statement of IMF Managing Director on the Assassination of Serbian Prime Minister Djindjic, 12 March.
IMF paper on Caribbean currency board idea
A currency union, based around a currency board model, is the way forward for the Caribbean region, a working paper released today by the IMF argues.
Dodge receives cb website of the year award
The Bank of Canada has been awarded a prestigious prize for the best website of all 163 central banks. The governor, David Dodge, last night graciously received the award in the elegant surroundings of the exclusive Brooks' Club in St James', London,…
BoJ asked to buy more stocks
The Japanese government has asked the Bank of Japan to increase the amount of shares it intends to buy as the Nikkei index sank to a 20-year low.
Chinese official stresses need for stable currency
Stable remninbi rates are beneficial for China and the Asian region, said Guo Shuqing, director-general of the State Administration of Foreign Exchange of the People's Republic of China.
ECB monthly bulletin, March 2003
REPORT - The decision to lower rates by 25 basis points on March 6 reflected easing in price pressures for the medium term due to slow growth and the euro's appreciation, the ECB said in its March monthly bulletin released today.
Dodge: rates will continue to rise
SPEECH - Speaking amid the splendour of the Goldsmith's Hall in London on Thursday the governor of the Bank of Canada, David Dodge, said "further reductions in monetary stimulus" in the Canadian economy will be required in order to return inflation to…
SAMA monthly report, March 2003
REPORT - Latest indicators on monetary aggregates, banking sector, official reserves, exchange rates, payments and prices up to January 2003 for Saudi Arabia in SAMA's monthly report, released today.
What central banks do with their dollars
ARTICLE - The events of September 11 reversed a 25-year trend of central bank reserve managers accepting greater risk in their portfolios, argues a paper in the latest BIS quarterly review.
ECB warns over property booms
REPORT - Analysis by the European Central Bank of the impact of house price rises contains a warning to the Bank of England over house price booms.
Fillip for Zimbabwean gold producers
New rules from the government mean Zimbabwean gold producers will receive the market price from the Reserve Bank for the gold they produce.
China central bank looks to widen trading band
The governor of the People's Bank of China, Zhou Xiaochuan, has repeated that the yuan's value remains appropriate but that it would be sensible to research a possible widening of the foreign exchange trading band.
Freedman on sound economic policies
In the speech 'How Sound Policies Contribute to Strong Economic Performance' Charles Freedman of the Bank of Canada said that while growth is currently below potential the Bank of Canada expects increased demand in the second half of 2003 and into 2004…
Bergo on Oil - economic policy challenges
In the speech 'Oil - economic policy challenges' Jarle Bergo of Norges Bank said that oil provides Norway with an economic base not available to many other countries. But the wealth Norway's petroleum generates must be used wisely. Bergo contrasts Norway…
HKMA Quarterly Bulletin, March 2003
The Hong Kong Monetary Authority's Quarterly Bulletin for March 2003 includes articles on the 'External Demand for Hong Kong Dollar Currency' and 'Alternative Measures of the Real Effective Exchange Rate'.
Nikkei falls below 8000 for first time in 20 years
On Wednesday 12 March the Nikkei index fell below a psychological barrier to hit a 20 year low, according to a Reuters report. Analysts said investors were holding back pending further developments between US/Iraq.