News
Governor of Mauritanian central bank appointed
The Presidency of the Republic of Mauritania announced in a decree issued Wednesday 29 January, that Mr Bassidou Moussa has been appointed as governor of the Central Bank of Mauritania.
Brazil c bank unlikely to change inflation target
Brazil's central bank has said it would only change its inflation target for 2003 if an increase in regulated prices surpassed its forecast of a jump of 14 percent.
China's central bank to push interest-rate reform
The monetary policy committee of the People's Bank of China, in its first quarterly meeting of the year, has reaffirmed the central bank's commitment to keeping both interest rates and exchange rates steady during 2003.
Julius joins ex-MPC member at hedge fund
DeAnne Julius, a former member of the Bank of England's Monetary Policy Committee, has joined her old colleague Sushil Wadhwani at a hedge fund which manages $1bn (UK £625m).
French bank chief trial enters key week
The trial of Bank of France governor Jean-Claude Trichet on false accounting charges enters a key phase this week as state prosecutors prepare to make their closing statements, with Trichet's job as next president of the European Central Bank (ECB)…
Koizumi to name new BOJ chief around 20 Feb
Japanese Prime Minister Junichiro Koizumi said on Monday he will name a new central bank governor at around 20 February.
Russian gold, forex reserves could hit $55 bln
The Central Bank of Russia's gold and foreign-exchange reserves could total approximately $55 billion at the end of 2003 so says a deputy governor of the Bank.
MNB alters Hungary's inflation aim
The National Bank of Hungary (MNB) will miss its inflation target for this year because of increasing crude oil prices and domestic wages, MNB President Zsigmond Jarai announced Monday.
SBP evolving Islamic finance model: Ishrat
The State Bank of Pakistan is striving hard to find a viable alternative to interest-free banking compliant with Sharia law, the Governor of the State Bank of Pakistan has said.
Minutes of the Federal Open Market Committee
MINUTES - The Federal Reserve on 30 January released the minutes of its FOMC meeting of 10 December. The information reviewed at this meeting suggested that economic growth had been sluggish on balance since midsummer. Industrial production dropped…
Bank of England Press Release
PRESS RELEASE - Modelling and Forecasting at the Bank of England - The Pagan Report and the Bank's Response, 30 January.
Sveriges Riksbank Press Release
PRESS RELEASE - Comments on article on DN's debate page, 23 January.
Bursary scheme for research work in Malta
The Central Bank of Malta has recently launched a Bursary Scheme to enable local and foreign postgraduate students or holders of a postgraduate degree to obtain research work experience at the Bank through research projects on areas of interest to the…
Japan's Koizumi: Economic reforms need more time
Japanese Prime Minister Junichiro Koizumi insisted Friday there would be no financial crisis in the world's second-largest economy, promising tax cuts and pleading for time for reforms to work. He also said his Cabinet and the central bank were working…
December FOMC saw monetary policy well positioned
Federal Reserve policymakers believed they had already laid a foundation for a pickup in U.S. economic growth when they decided in December to hold interest rates steady, FOMC minutes released on Thursday showed.
Venezuela central bank - for ex controls necessary
Domingo Maza Zavala, the director of the Central Bank of Venezuela, has said that a foreign exchange control system is "not desirable", but it is necessary. He added that he thinks measures should have been taken a lot earlier, when the strike in the oil…
Russia posts small rise in gold reserves
Russia's gold and currency reserves have grown 100m dollars, from 48.1bn to 48.2bn dollars, in the period from 17 January to 24 January, a news agency said information from the Central Bank of Russia.
Chinese central bank tightens banking regulation
Zhou Xiaochuan, governor of the People's Bank of China, recently indicated that the central bank would continue to pursue a prudent monetary policy this year to ensure the financial sector progresses in a safe, highly efficient, and steady manner and to…
IMF disclaims West Africa single currency report
The on-going debate on the workability of a single currency for the West African sub-region, took another turn on Thursday as the International Monetary Fund (IMF) appeared to disclaim a report submitted by its researchers opposing Nigerian participation…
Colombia, Venezuela c banks to discuss for ex
The central bank chiefs from Colombia and Venezuela will soon meet in the Colombian city of Cartagena to discuss concerns that planned Venezuelan currency controls could disrupt debt payments, Colombia's government said on Wednesday.
ECB goes shopping
European Central Bank's extensive shopping list for 2003 is now available on the European Union's public procurement website. The site reveals that the ECB is planning major investments in IT infrastructure to create new disaster backup sites and expand…
Federal Reserve Press Release
PRESS RELEASE - The Federal Open Market Committee decided today to keep its target for the federal funds rate unchanged at 1-1/4 percent, 30 January.
France warned over stability pact violation
France's intention to effectively ignore the EU's stability and growth pact brought warnings on Wednesday to stop challenging the rules underpinning the euro, or risk causing long-term harm to the credibility of the single currency.
Ukraine not to join Russian rouble zone - c banker
Ukraine is neither going to join the rouble zone nor has it received any relevant proposal from Russia, the chairman of the National Bank of Ukraine, Serhiy Tyhypko, has said.