News
Gerashchenko lashes Russian central bank
Former Russian Central Bank Chairman Viktor Gerashchenko has said he would sack the current management of the bank if he could. Appearing on Russian breakfast TV he said they did many things wrong because they are non-professionals.
NY Fed central bank survey on foreign exchange
The Statistics Function will host a half day training seminar on the Central Bank Survey on Foreign Exchange and Derivatives Market Activity reports on 10 March. The survey is conducted every three years by the New York Fed.
Nauru passes law to close offshore banks
The Nauru Parliament on Thursday 26 February passed an anti-money laundering act and new banking laws. The legislation will allow it to close down its controversial offshore banks following pressure from the United States.
Bill McDonough to get FPA gong
William McDonough, chairman of the Public Company Accounting Oversight Board, and former president of the New York Fed will be awarded the Foreign Policy Association Medal next week.
ECB's Garganas: 'stay cool' over strong euro
European Central Bank council member Nicholas Garganas played down the need for an interest rate cut in a newspaper interview on Friday 27 February, saying a strong euro was not stifling the euro zone economy.
RBA's Edey upbeat on world economy
Reserve Bank of Australia's Assistant Governor, Economic Group, Malcolm Edey said on Friday 27 February that the year 2004 is likely to be an above average year for the world economy as once-important risks fade.
Economists hail euro a stunning success
Economists at a Washington conference on Thursday 26 February, marking the fifth anniversary of the launch of the euro single currency, praised the new currency as a stunning success.
Padoa-Schioppa: FX alone won't ease imbalances
European Central Bank executive board member Tommaso Padoa-Schioppa said on Thursday 26 February that currencies alone could not ease large global imbalances and Europe must increase its growth rate to help the adjustment.
Eurozone inflation falls
Inflation in the eurozone fell to 1.6 percent in February, the lowest level since November 1999, according to preliminary figures released by the EU's data agency Eurostat Friday.
RBI staff strike over strike ban
Around a million workers of state-run Indian banks including the Reserve Bank of India went on strike Tuesday 24 February to protest against a Supreme Court decision prohibiting government employees from going on strikes.
BOJ holds monetary policy steady
The Bank of Japan said that its nine-member policy board, chaired by Governor Toshihiko Fukui, decided unanimously to leave its monetary policy unchanged at the end of a half-day scheduled meeting on Thursday 26 February.
Raffarin says ECB should react to euro rise
Speaking on Thursday 26 February, French Prime Minister Jean-Pierre Raffarin said he shared Gerhard Schroeder's views that the ECB should think about varying eurozone interest rates given the euro's strong rise against the dollar.
Cleveland's Pianalto - US job growth on the up
Federal Reserve Bank of Cleveland President Sandra Pianalto said on Wednesday 25 February that strong US productivity and job outsourcing has helped explain weak US employment creation, but that conditions were on the mend.
Poland's Monetary Policy Council hold rates
Poland's Monetary Policy Council kept interest rates on hold on Wednesday 25 February . The decision was expected due to the recently completed council changeover, but the council suggested rates were more likely to rise than fall.
Buba's Stark says strong euro is not export burden
The Vice-President of Germany's Bundesbank Juergen Stark said on Wednesday 25 February that the strong euro did not have too much of an impact on exports and that the eurozone was slowly recovering.
America's dangerous deficit
We distribute this article from the International Herald Tribune, with permission, as it is among the first that we have seen in the mainstream media publicly speculating about the possibility of the US effectively restricting access of central banks to…
PMA chief Haddad accuses Israel
The governor of the Palestine Monetary Authority, Amin Haddad, on Thursday 26 February accuses Israel of "daylight theft at gunpoint" after Israeli troops seized over $8 million from banks in the West Bank city of Ramallah.
IMF MD Horst Kohler's statement on visit to Korea
During his visit to Korea International Monetary Fund (IMF) Managing Director Horst Kohler issued a statement in Seoul Thursday. He expressed his great pleasure at returning to Korea for a second time.
Serbia replaces central bank chief
Serbia's parliament sacked national bank governor Kori Udovicki on Wednesday 25 February in a 129-109 vote following allegations that the vote electing her to the post was rigged. Radovan Jelasic was later voted in to replace Udovicki.
France's Noyer reassures over 'very stable' euro
Bank of France governor Christian Noyer played down the rise of the euro on Wednesday 25 February, saying the rate was "very stable" and that the exchange rate was not far from the launch rate of the euro in 1999.
China and US meet on yuan, but no quick fixes seen
U.S. and Chinese officials met on Wednesday 25 February for talks on China's financial policies, including discussion on the yuan peg. John Snow said he understood Chinese policymakers arguments that China cannot change yuan policy overnight.
Schroeder urges ECB consider rate cut
German Chancellor Gerhard Schroeder said on Wednesday 25 February that the European Central Bank should "most intensively" consider cutting interest rates to halt the euro's appreciation against the dollar.
IMF's Koehler supports Japan's FX intervention
Visiting the International Monetary Fund (IMF), Managing Director Horst Koehler said on Wednesday 25 February in Tokyo that he could understand Japan's currency intervention policy.
IMF's Koehler: Japan economic growth 'sustainable'
Speaking on Tuesday 24 February on a visit to Asia the head of the International Monetary Fund said that Japan can sustain its recent recovery and praised reforms in the nation's financial sector.