News
The RBNZ's website is changing
The Reserve Bank of New Zealand said on Monday 29 November that it it is making some changes to its website in early December. The site will have a new look,with some changes to the navigation.
Richmond Fed's Economic Quarterly, Fall 2004
The Federal Reserve Bank of Richmond has published its Economic Quarterly for Fall 2004. The paper "Ricardo versus Wicksell on job losses and technological change" looks at Knut Wicksell's revisions of Ricardo's classical model with modern concepts and…
Austria's Liebscher defends stability pact
Austrian central bank governor Klaus Liebscher told a conference on Monday November 29 that the European Union's Stability and Growth Pact should be protected from broad-based reforms that would finish up weakening it.
UK's Brown says G7 to meet in London in February
Group of Seven finance ministers from the world's richest countries will hold their first regular meeting of 2005 in London in the first week of February, British Chancellor of the Exchequer Gordon Brown said on Monday 29 November.
US core inflation modest says Fed's Poole
Federal Reserve Bank of St. Louis president William Poole said on Saturday 27 November that US core inflation is modest and the direct effect of the dollar's drop on prices has not been enormous.
Fed's Yellen says job growth is key to rate rises
Janet Yellen, president of the San Francisco Federal Reserve Bank, said in an interview published on Sunday 28 November that the Fed's pace of interest rate increases will depend on matching job growth and economic growth.
PBOC deputy governor sees no RMB reform timetable
Regulators may let China's four biggest state banks become market makers in US dollar trading, clearing the way for less currency intervention by the central bank, a state-run newspaper reported on Monday 29 November.
RBNZ re-appoints two directors
Two non-executive directors, Alison Paterson and John Goulter, have been re-appointed to the board of the Reserve Bank of New Zealand for a further five years, Finance Minister Michael Cullen said this week.
Japan's lower house approves new BOJ board member
Japan's lower house of parliament has approved the nomination of Atsushi Mizuno, chief strategist at Credit Suisse First Boston Securities (Japan) Ltd., as a Bank of Japan policy maker.
'Serial crime' wave hits Bank of Japan
The Bank of Japan has reprimanded five employees at its Maebashi branch office for swapping 11 old banknotes for 11 newly designed banknotes with sought-after serial numbers, such as E888888M.
Ukraine's Yushchenko appeals rigged election
Ukraine's opposition leader and former president of the National Bank of Ukraine, Viktor Yushchenko, is appealing against the vote count in the recent presidential election to the country's Supreme Court.
Ukraine banking system running like 'Swiss watch'
Arseniy Yatsenyuk, the acting governor of the National Bank of Ukraine (NBU), has said the NBU is in full control of the Ukrainian banking system.
Bosnia appoints new central bank vice governor
The Governing Board of the Central Bank of Bosnia and Herzegovina (CBBH) at its meeting on 24 November in Sarajevo approved the appointment of Feriha Imamovi as a Vice Governor of the CBBH.
Trichet praises ECB's record on inflation
In a letter to the European Parliament, European Central Bank president Jean-Claude Trichet said that the ECB has a very successful record of keeping euro zone inflation under control despite adverse shocks such as the recent hike in oil prices.
GCC summit focus on common market, single currency
The annual summit of the GCC scheduled to be held in Manama on 20 December will cover topics including the GCC common market, monetary union and a single currency, Abdul Rahman Al-Attiyah, secretary-general of the six-member group said.
RBA uses powers to withhold minutes
The Reserve Bank of Australia has used powers given to it by Treasurer Peter Costello to issue a "conclusive certificate" to prevent publication of the RBA board's minutes, saying their release is not in the public interest.
Colombia's central bank appoints new MD
The board of Colombia's central bank has selected Jose Dario Uribe, the bank's technical director, as the new managing director of the bank, according to a statement released by the bank.
Mexico's central bank tightens monetary policy
The Bank of Mexico tightened monetary policy for the eighth time this year on Friday, raising local interest rates to counter increased inflation expectations.
Panels studying GCC monetary union criteria
The governor of the Bahrain Monetary Agency said that technical committees in the Gulf countries are currently studying the criteria for monetary and financial convergence and the legislative and institutional frameworks and arrangements for the monetary…
Chicago Fed National Activity Index, Oct 2004
The Chicago Fed National Activity Index (CFNAI) for October 2004 was published on 23 November. The CFNAI was +0.52 in October, up sharply from -0.04 in September. For the first time since March, all four of the broad categories of indicators that…
BoJ monetary policy meeting minutes12/13 October
The Bank of Japan released the minutes from its 12 and 13 October Monetary Policy meeting on 24 November. The minutes indicated that one member urged the central bank to get prepared to shift from the present monetary policy framework of quantitative…
IMF praises Armenian central bank's tough policy
The IMF accepts and completely supports the tough monetary and credit policy of the Armenian central bank to contain inflation rate in the country, James McHugh, the IMF's resident representative in Armenia, has told Arminfo news agency.
Japan's deflation may not end in 2005 says Haru
Bank of Japan policy maker Hidehiko Haru said on Thursday 25 November that Japan's deflation may not end in the fiscal year that starts April 1, 2005, possibly forcing the Bank of Japan to maintain its zero-rate policy the following year and beyond.
Hungary's Jarai sceptical of 2010 euro accession
The president of the Hungarian central bank, Zsigmond Jarai, said on Thursday 25 November that a persistently high public deficit could ruin Hungary's chances of joining the eurozone by 2010.