Central Banks
CentralBankNet Monday Special Feature
SPECIAL FEATURE - In this weeks special report CentralBankNet looks at a new survey of central banks. Latest trends in reserve management will be revealed in a book to be published later this week by Central Banking Publications. "How Countries Manage…
Broaddus on the economic outlook for 2003
SPEECH - In the speech 'The Economic Outlook for 2003' Alfred Broaddus of the Federal Reserve Bank of Richmond said he thought the Federal Reserve was unlikely to "run out of ammunition" as substantial levels of liquidity could still be introduced to the…
Gjedrem on the transatlantic economic partnership
SPEECH - In the speech 'Transatlantic Economic Partnership - Nordic and American perspectives' Svein Gjedrem of Norges Bank said the Nordic countries and the US have long historic ties with the number of Norwegians and their descendants living in the US…
Hamalainen on the role of monetary policy
SPEECH - In the speech 'The role of monetary policy and the central banks in global financial stability' Sirkka Hamalainen of the ECB said it is self-evident that the central bank needs a healthy banking and financial market sector in order to conduct…
Kansas City Fed Economic Review, Fourth Quarter 02
PUBLICATION - The Federal Reserve Bank of Kansas City has published the Fourth Quarter 2002 edition of its Economic Review. This edition contains articles from the bank's 2002 Economic Policy Symposium, 'Rethinking Stabilization Policy' - Central Bank…
Chicago Fed Letter, January 2003 Special Issue
REPORT - The latest Chicago Fed Letter is titled 'Any bounce in the economy in 2003?'. The U.S. economy is growing, albeit at a sluggish pace. What can we expect in 2003? After an impressive performance through the recent recession, will consumer…
Fed Chairman Alan Greenspan's house broken into
Police are investigating a burglary at the Washington, D.C., residence of Federal Reserve Chairman Alan Greenspan, the U.S. central bank said on Friday.
Taiwan's Perng expected to remain as governor
The government is expected to give incumbent Central Bank of China Governor Perng Fai-nan a second term, it was reported Friday.
BMA-Central Bank of Iran in cooperation talks
Bahrain Monetary Agency (BMA) officials have held talks with their counterparts from The Central Bank of the Islamic Republic of Iran. The talks took place during a visit to Tehran by a seven-member Bahraini delegation, led by Mr. Waleed Abdulla Rashdan,…
Pace of Japanese deflation steadies
Japanese goods fell on average by 2 per cent in 2002, as the country's three-year deflation run continues.
Irish inflation reaches 5%
Irish inflation, already twice the European Union average, rose to 5 per cent in December, its highest level in 18 months.
Pianalto to sit in for Jordan at January FOMC
Sandra Pianalto, who assumes the presidency at the Cleveland Federal Reserve Bank on 1 February, will sit in for departing President Jerry Jordan at the Fed's 28-29 January policy meeting, a spokeswoman at the bank said.
Fed's Parry-reason for uncertainty on U.S. economy
San Francisco Federal Reserve President Robert Parry said on Friday the threat of war with Iraq and the risk of terror attacks have created much uncertainty about the U.S. economic recovery.
BoJ hopeful introduces radical reflation proposal
With the name of the new governor of the Bank of Japan to be announced soon the battle is hotting up. On Sunday one of the favourites to land the job, Nobuyuki Nakahara, said the central bank should directly finance the government by Y5,000bn-Y10,000bn (…
Federal Reserve Bank of New York Press Release
PRESS RELEASE - Federal Reserve Bank of New York President William J. McDonough announces intent to retire, 16 January.
Philadelphia Fed Business Outlook Survey, Dec 2002
REPORT - Growth in the region's manufacturing sector remains sluggish, according to firms surveyed for the December 2002 Business Outlook Survey. Although indexes for general activity and new orders remained positive for the second consecutive month,…
Federal Reserve Board Press Release
PRESS RELEASE - Statement by Federal Reserve Board Chairman Alan Greenspan, 16 January.
Backstrom on Financial Cycles
SPEECH - In the speech 'Financial Cycles' Urban Backstrom of Sweden's central bank said financial crises substantially increase the risk of outright deflation after some time. A central bank could manage this risk in two ways: by at least trying to…
Gjedrem on monetary policy and the economy
SPEECH - In the speech 'Monetary policy and the economic situation' Svein Gjedrem of Norges Bank said the global fall in equity prices has also spread to the Norwegian stockmarket and spoke of "a close relationship" between equity prices in the US and in…
Dodge on Staying the Course
SPEECH - In the speech 'Staying the Course' David Dodge of the Bank of Canada said the current uncertainties will dissipate, and stronger growth will resume, provided we continue to pursue sound macro, trade, and structural policies. What is important is…
Santomero on The Economic Outlook
SPEECH - In the speech 'The Economic Outlook - Technology on the Horizon' Anthony Santomero of the Federal Reserve Bank of Philadelphia said he expects 2003 to be a transition year for the national economy on the path to sustained expansion. Stimulative…
Bank of Israel accused of generating instability
Israel's Ministry of Finance on Thursday launched a fierce attack on the Bank of Israel, saying the central bank had failed to meet inflation targets and at times had a destabilising effect on the market.
Mboweni delivers the bad news about rates
A warning by the South African Reserve Bank against hopes of an early interest rate cut was a timely signal to quell over-optimism in the market, economists said on Friday.
No way to run the world's biggest economy
ARTICLE - The article says that the US economy needs a sizeable short-term stimulus to prevent deflation. While the Federal Reserve has led the way, the chronic shortage of saving in the US has reduced policy options, including the possibility of tax…