Central Banks

Moskow on the economic outlook

SPEECH - In the speech 'Moskow on the economic outlook' Michael Moskow of the Federal Reserve Bank of Chicago said following the Federal Reserves recent half point interest rate cut that, the low-inflation environment has allowed us to maintain an…

Philadelphia Fed Business Outlook Survey

REPORT - Activity in the region's manufacturing sector has improved modestly, according to firms surveyed for the November 2002 Business Outlook Survey. Indexes for general activity, new orders, and shipments improved from their negative readings in the…

Chicago Fed National Activity Index October 2002

REPORT - CFNAI Shows Economic Growth Slowed Further in October - In October, the Chicago Fed National Activity Index (CFNAI) remained below zero for a third month, coming in at -0.81 The three-month moving average index, CFNAI-MA3, moved down to -0.55.

Minutes of Japan's Monetary Policy Meeting

MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 10 and 11 October 2002, released 22 November. The nine member Policy Board decided unanimously to leave monetary policy unchanged at the meeting, resisting political pressure to try to…

Bank of Japan Monthly Report, November 2002

REPORT - The Bank of Japan published its Monthly Report of Recent Economic and Financial Developments, November 2002, on 21 November. In the report the Bank downgraded its assessment of the economy for the first time in a year, citing stagnant export-led…

Cutting kronas in Sweden

ARTICLE - As we reported earlier in the week Swedish prime minister Goran Persson is set to name the date for the euro referendum next week. The proposed referendum on Sweden's entry to the euro looks like taking place in Autumn 2003. However on current…

Fed governor Bernanke repeats confidence on prices

Much recent press comment has focussed on whether the US economy could be set for a period of deflation. In a speech made Thursday Ben Bernanke said he was confident that the Federal Reserve still had the fire power left, even if interest rates fell…

London not losing out over euro says B of E

In its six monthly 'Practical Issues Arising from the Euro' the Bank of England said on Friday that the City of London had retained its share of foreign exchange trading and in various other dealing areas since the introduction of the euro as a tradeable…

Greens win reprieve on Irish notes landfill site

The problem of what to do with the old legacy currencies replaced by the euro reared its head in Ireland as the central bank bowed to pressure and agreed to look again at what it was doing with the old Irish punts and not just dump them in landfill sites.

Italy poised to put strict curb on public spending

After much recent talk on the stability and growth pact Italy looks set to restrict spending in an effort to avoid sanctions which other euro zone countries have recently incurred for not restricting their budget deficits to within 3 percent of GDP. The…

William Poole - From Professor to Policymaker

SPEECH - In the speech 'From Professor to Policymaker: Emerging from the Shadow' William Poole of the Federal Reserve Bank of St. Louis said his years of teaching and writing as a university professor have helped him to develop effective communication…

Heikensten on the krona, Sweden and EMU

SPEECH - In the speech 'The krona, Sweden and EMU' Lars Heikensten of the Sveriges Riksbank said the most likely time for a referendum to Sweden's entry to the euro would be Autumn 2003. If Sweden was to enter ERM2 Heikensten said, the decision on the…

Reserve Management in an Era of Low Returns

RESEARCH - Although central banks have traditionally conducted their reserves management in a conservative and risk-averse way, the very low interest rates we see now have caused central banks, like other fixed income investors, to search for higher…

Sweden to set course for decision on euro entry

Sweden looks set to name a date for a referendum on entry to the euro. Swedish central bank deputy governor Lars Heikensten recently said in a speech that the most likely date for a referendum would be Autumn 2003. In an interview Swedish PM Goran…

Ukraine urges caution over central bank dismissal

Last week CentralBankNet reported that the Ukrainian prime minister had asked the president to sack the central bank boss for poor co-operation between the bank and the government. Now we hear it all boils down to political infighting with the National…

G-20 meet to focus on global economy

Top finance officials from the Group of 20 will discuss poverty alleviation, the global economy and ways to choke off funding to terrorist groups at a two-day meeting opening on Friday, officials said.

US Economists' group criticises Fed rate cut

The Federal Reserves recent aggressive rate cut of half a point surprised most. It did nothing to improve sentiment in the markets with the dollar falling on the news as the US economy appeared to be in worse shape than was thought. Now the Shadow Open…

Mervyn King at the LSE

The irrepressible Mervyn King, deputy governor of the Bank of England, was in ebullient mood Tuesday night at the London School of Economics as he lauded the achievements of the Bank's ten years of inflation targetting. Nick Carver of Central Banking was…

Reserve Bank of New Zealand Press Release

PRESS RELEASE - The Reserve Bank has decided to leave the Official Cash Rate unchanged at 5.75 per cent. In addition, the Bank's projections show no change in short-term interest rates over the period ahead - reflecting the Bank's sense that the risks…

Bank of England Monetary Policy Committee Minutes

MINUTES - Minutes of the Bank of England's Monetary Policy Committee Meeting released on 20 November for the meeting of 6 and 7 November 2002. The nine MPC members voted on a proposal to maintain the repo rate at 4.0%. Seven voted in favour of this with…

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.