Central Banks
Sveriges Riksbank Press Release
PRESS RELEASE - Heikensten: Inflation rise expected to be temporary. Riksbank Governor Lars Heikensten spoke at a meeting organised by Hammarby bandy club on the subject of "Some monetary policy issues" on 20 February.
Bernanke on balance sheets and the recovery
SPEECH - In the speech 'Balance Sheets and the Recovery' Ben Bernanke of the Federal Reserve assessed whether there exist financial constraints that might impede the developing recovery in the U.S. economy. His sense, he said, is that the household and…
Bulgaria's central bank deputy governor resigns
Deputy governor Martin Zaimov has resigned from Bulgaria's central bank. The move was described as a surprise as Zaimov had been tipped by many to take over from the governor, who leaves the Bank this summer.
Japan warns on deflation at G7 meeting in Paris
With Japan continuing to suffer the effects of deflation, finance minister Shiokawa has warned that increased threats of war may make the prospect of deflation more serious for the world.
Duisenberg: ECB may cut rates further
Speaking at the weekend Wim Duisenberg suggested the ECB could cut interest rates further and said a weakened outlook for the euro zone economy could reduce inflationary pressures.
Report says Kanu MP's want CBK boss sacked
Apparently Kenyan MP's are calling for the removal of the central bank governor Nahashon Nyagah over his involvement in a bank collapse.
BofE Nickell: Financial market weakness to persist
In an interview Stephen Nickell of the Bank of England's Monetary Policy Committee said that the Bank's recent interest rate reduction was unlikely to trigger another round of rapid house price increases in the UK. Professor Nickell has regularly voted…
EU banking sector stability report
REPORT - The European Central Bank (ECB) released on 24 February a report on the stability of the EU banking sector. The report was prepared by the Banking Supervision Committee of the European System of Central Banks, which comprises representatives…
Sveriges Riksbank Press Release
PRESS RELEASE - Agreement between the Riksbank and Finansinspektionen on the division of labour with regard to financial stability, 24 February.
Economic Perspectives, First Quarter 2003
REPORT - The Federal Reserve Bank of Chicago has published its regular quarterly journal of in-depth articles reporting on the Bank's economic research for the Fourth Quarter 2002. This edition includes an article 'Inflation and monetary policy in the…
Fukui appointed BoJ governor
Toshihiko Fukui was today nominated to replace Masaru Hayami as governor of the Bank of Japan. Prime Minister Koizumi's decision to appoint a conservative figure like Fukui has already been criticised for showing a lack of commitment to tackle deflation.
Philadelphia Fed Business Outlook Survey, Feb 2003
REPORT - Activity in the region's manufacturing sector was mostly flat, according to firms surveyed for February's Business Outlook Survey. Although one-third of firms reported higher new orders in February, one-fifth reported lower orders, and other…
Sveriges Riksbank Press Release
PRESS RELEASE - Sweden in the European economy, 19 February. Deputy Governor of the Riksbank Lars Nyberg today spoke at Commerzbank Securities' capital market conference about Sweden's role in the European economy and the Riksbank's role in the EMU…
Minutes from the Sveriges Riksbank Board meeting
MINUTES - Minutes of the Sveriges Riksbank Executive Board meeting on 6 February, published 20 February. The Board voted unanimously to leave the repo rate unchanged at 3.75%. The Board concluded that economic developments continue to be marked by the…
Gjedrem on economic perspectives
SPEECH - In the speech 'Economic perspectives' Svein Gjedrem of Norges Bank said in response to heightened uncertainty and fears of war, traditional safe havens for capital, such as the Swiss franc and gold, have become increasingly attractive. Gold…
Report says Israel's Sharon to oust central banker
An Israeli press report on Friday cast further doubt on David Klein's chances of remaining as governor of the Bank of Israel. The report says Israel's prime minister is likely to ask the governor to withdraw from his position in the next few days.
Tanzania's forgery proof notes finally copied
After Tanzania's central bank confidently claimed their new bank notes were impossible to forge one eye has inevitably been kept on the country's paper money. Now the BBC reports that that fakes are turning up in Dar-es-salaam.
China to remain major foreign capital destination
The People's Bank of China says that although the risks challenging global economic recovery will have a negative impact on China's economic growth the country will retain its position as a major centre of foreign investment.
Mexico cen bank sees inflation expectations ease
After a tightening of monetary policy Mexico's central bank has said inflation expectations have eased. The easing was sought before various wage bargaining negotiations began.
Garganas on the International role of the euro
SPEECH - In the speech 'International role of the euro' Nicholas Garganas of the Bank of Greece said the euro has emerged as the world's second most important international currency. But the evidence also confirms that the dollar is still far ahead of…
Kennedy on restoring confidence - post bubble
SPEECH - In the speech 'Restoring Investor Confidence After the Bubble Bursts' Sheryl Kennedy of the Bank of Canada talks about asset price "bubbles" in the economy and the efforts underway to restore investor confidence following the collapse of…
Bank of Canada Working Paper, February 2003
RESEARCH - In the Working Paper "Managing Operational Risk in Payment, Clearing, and Settlement Systems" Kim McPhail describes the key features of systemically important PCSS in Canada and the oversight role of the Bank of Canada with respect to those…
Bank of Canada Review, Winter 2002-2003
REPORT - The Bank of Canada published its Review for Winter 2002-2003 on 19 February. The Review contains articles titled Recent Changes to Canada's Financial Sector Legislation, Exchange Rate Regimes in Emerging Markets, Transparency and the Response of…
Hurley on monetary policy in the Eurosystem
SPEECH - In the speech 'The monetary policy and operational framework of the Eurosystem' John Hurley of the Central Bank of Ireland said as regards the conduct of monetary policy, the Governing Council has a good record in maintaining price stability…