Central Banks
Rise of the single regulator
Over the last decade, more and more countries have established unified financial supervisors. CentralBankNet reports on the latest research into this trend.
Bank of Japan's Monetary Policy Meeting Minutes
Minutes of the Bank of Japan's Monetary Policy Meeting on 15 and 16 December 2003, released 23 January. The bank's Policy Board agreed that the currency market needed close monitoring although some members felt the economic impact of the high yen had…
Bank of England calls claims over BCCI "desperate"
The Bank of England accused the Bank of Credit and Commerce International's liquidators of desperation and paranoia on Monday.
Bank of Japan Monthly Report, January 2004
The Bank of Japan published the English version of its January 2004 Monthly Report of Recent Economic and Financial Developments on 22 January. It raised its assessment of the economy, saying strong exports are boosting output and beginning to filter…
Trichet says no need to change growth pact
In a speech on 'Economic reform in Europe' given on 26 January, Jean-Claude Trichet of the ECB said the ECB does not see any need for changes to the eurozone's rules on budget deficits, which he described as "appropriate".
Duisenberg fined in drink driving case
Wim Duisenberg, the former president of the European Central Bank, has been fined EUR300 for drink driving after being breathalysed before Christmas.
Bank of Canada appoints Godin as adviser
The Bank of Canada has announced the appointment of Pierre Godin to the position of adviser. The appointment is for an 18-month period and Mr Godin will be joining the Bank in mid-March.
French minister calls on ECB to tackle FX
French Industry Minister Nicole Fontaine called on the ECB on Thursday 22 January to "seriously address" the problem of currency market instability.
Nigeria appoints new deputy governor
Tunde Lemo has been appointed as a deputy governor of the Central Bank of Nigeria by President Olusegun Obasanjo.
Ex RBA governor hits on 'scandalous' salaries
Bernie Fraser, the former governor of the Reserve Bank of Australia, has taken a swipe at executive pay levels.
Prat-Gay: Argentine creditors must take losses
Argentina's central bank governor Alfonso Prat-Gay told investors at the World Economic Forum on Wednesday 21 January that his country's creditors will have to take large losses on their defaulted debt.
Tanigaki to explain Japan's monetary policy at G7
Japanese Finance Minister Sadakazu Tanigaki said on Friday 23 January that he will give an accurate picture of Japan's fiscal and monetary policies at the upcoming Group of Seven finance ministers' meeting.
Argentina mixes bank notes with musical notes
The central bank of Argentina has introduced a novel feature by offering people the chance to listen to music while browsing its revamped website.
ECB's Wellink-Rate moves can't control fx swings
Nout Wellink of the European Central Bank's Governing Council said that interest rate moves were not the way to deal with foreign exchange swings and that the euro's external value was not excessive.
Counterfeit euro notes rises in 2nd half 2003
The ECB said on Thursday 22 January that a total of 311,925 counterfeit euro banknotes were removed from circulation in the second half of 2003, an increase of 30 per cent on the first half.
ECB Monthly Bulletin, January 2004
The European Central Bank published its January 2004 Monthly Bulletin on 22 January. In the report the ECB spelt out its concern over currency volatility but showed no sign it might change its outlook for a gradual economic upturn in the eurozone.
Bank of Canada Monetary Policy Report Update
The Bank of Canada released its Update to the October Monetary Policy Reporton 22 January. The report discusses economic and financial trends in the context of Canada's inflation-control strategy.
King on the ball as usual
Mervyn King paid a visit on Tuesday 20 January to Villa Park, home of his beloved Aston Villa football club, telling a business lunch he had always wanted to perform at Villa Park and now was his chance.