Central Banks
Dollar hits three-year low against the euro
The dollar fell to a three-year low against the euro Thursday, as investors continued to lose confidence in US assets and expectations grew of an imminent Iraqi war.
Bank of Jamaica Press Release
PRESS RELEASE - Bank of Jamaica Special Deposit, 9 January.
BoJ can take bolder measures: Takenaka
The Bank of Japan (BoJ) could take more radical action to boost the ailing economy such as setting an inflation target, Financial Services and Economy Minister Heizo Takenaka said on Friday.
Klein: Israel should rely less on foreign workers
Israel must take urgent action to reduce the number of foreign workers, Bank of Israel Governor David Klein said on Thursday night in a lecture to the Israel-Japan Chamber of Commerce in Tel Aviv.
A case for a Securities Exchange Commission
ARTICLE - This article says that to corporate governance buffs, the news that government is mulling the idea of setting up a Securities Exchange Commission in Zimbabwe is good news.
Germany has only itself to blame for its woes
ARTICLE - This article argues that one size always fits all in any monetary area, referring to the euro zone interest rate. And asks the question, Has the euro in any way aggravated the problem, compared with past monetary arrangements?
Japan nears crucial decision on new BOJ governor
ARTICLE - The Japanese government looks set to announce within days who will be the next governor of the central bank, one of the most crucial appointments it will make in its efforts to revive the struggling economy.
Arminio Fraga on leaving Brazil's central bank
SPEECH - In a speech on leaving the governorship of Brazil's central bank Arminio Fraga Neto said of primary importance to the incoming president of the central bank will be the mission of preserving price stability. He added that by giving priority to a…
Dinkic is a "collaborator": Mihajlovic
Embattled police minister Dusan Mihajlovic has lashed back at allegations against him by National Bank Governor Mladjan Dinkic.
Israel's PM summons bank governor over gaffe
Prime Minister Ariel Sharon summoned Governor of the Bank of Israel David Klein for an urgent meeting, following Klein's comments in the media in recent days, it was reported.
Taya on recent economic developments in Japan
SPEECH - In the speech 'Recent Economic and Financial Developments and Monetary Policy in Japan' Teizo Taya of the Bank of Japan said that in his opinion the Bank of Japan should not introduce an inflation target. Although efforts to increase the money…
Economic Review from the Atlanta Fed Bank
PUBLICATION - The Federal Reserve Bank of Atlanta has published its Economic Review for the fourth quarter 2002. The latest edition includes an article titled 'Reserve Requirements: A Modern Perspective'. The Fed often uses reserve requirement changes,…
Bank of England Press Release
PRESS RELEASE - Bank of England Maintains Interest Rates at 4.0%, 9 January.
New England Economic Review, Third Quarter 2002
PUBLICATION - Published quarterly by the Federal Reserve Bank of Boston, the journal examines economic and public policy issues, as researched by the Bank's economists and others. The most recent edition of the New England Economic Review contains an…
European Central Bank Press Release
PRESS RELEASE - Monetary policy decisions, 9 January.
Making too much of the 'right' time
LETTER - A reply to the article 'Sweden can thrive without the euro' asks the question, How can countries such as Sweden, Denmark and the UK have a constructive role in Europe unless they fully participate in a Europe-wide economic system.
ECB Press Conference
PRESS CONFERENCE - Duisenberg confirmed that the recent appreciation of the euro constituted a monetary tightening which went someway to offsetting the half point interest rate cut late last year. He said the EC was right to start the excessive deficit…
Trial of French bank chief suspended
The trial of French central bank governor Jean-Claude Trichet and eight others over alleged false accounting took a four-day break late Wednesday owing to problems caused by a parallel probe into the matter. The case is now expected to resume on Monday.
Eurozone interest rates held steady at 2.75%
The European Central Bank on Thursday left interest rates in the eurozone unchanged following a half-point cut in December, despite a series of data which have suggested stuttering growth in the 12-nation bloc.
BOJ's Hayami to attend BIS meeting in Basel
Bank of Japan Governor Masaru Hayami is due to visit Basel, Switzerland, from Friday to attend a meeting of the Bank for International Settlements (BIS), the central bank said.
Transfer of Afghan money to Pakistan not illegal
The governor of the Afghan Central Bank, Anwar Ahadi, has said that the transfer of Afghan money to Pakistan or other countries is not illegal.
Japan cleanup push may not spur policy offensive
Sources familiar with central bank thinking say the BOJ views the disposal of bad loans as Japan's most significant domestic economic issue but doesn't expect the impact of the disposal process will be severe.
Russian central bank to withdraw foreign capital
This year the Russian central bank plans to significantly reduce its share in Russian foreign banks and will withdraw from their capital fully at the beginning of 2004.
Euro coins spend their first year at home
The euro has made life easier for travellers between the 12 countries that adopted the single currency a year ago. But euros appear to be more of a stay-at-home coinage than expected.