News
Hungarian central bank council member resigns
Gabor Oblath, a member of the National Bank of Hungary's rate setting Monetary Council will resign from his post Monday, the prime ministers office said.
Ukraine not to join Russian rouble zone - c bank
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 in Moscow.
Koizumi moves away from inflation target idea
More LDP members oppose plans to have the Bank of Japan set price-increase goals. Japanese Prime Minister Junichiro Koizumi is shying away from promoting inflation targets to fight falling prices amid rising calls from within the ruling party for Japan…
GCC single currency 'need not be pegged to dollar'
The GCC single currency to be launched in 2010 will be pegged to only one currency - but it may not necessarily be the U.S. dollar, Sultan bin Nasser Al Suwaidi, UAE Central Bank governor said Sunday.
IMF says ECB shows mediocre market predictability
The International Monetary Fund has criticised the European Central Bank for confusing markets and said it was less predictable than its central bank peers, the U.S. Federal Reserve and the Bank of England.
ECB's Fazio thinks Iraq crisis will hurt recovery
European Central Bank council member Antonio Fazio said a war with Iraq, as well as increasing the chance of terrorist attacks, may hamper an economic recovery.
Fed's McTeer says new recession unlikely
Dallas Federal Reserve Bank President Robert McTeer said on Thursday the U.S. economy was unlikely to fall back into recession, saying the stage for continued growth is "set reasonably well."
Hayami, Japan's inflation target a reckless gamble
Japan's central bank governor Masaru Hayami said Friday the setting of an inflation target for Japan in an attempt to stop the long slide in prices would be a "reckless gamble". The comment comes at a time when the BOJ has faced pressure from some…
Russian central bank may increase euro reserves
The Russian central bank, which has foreign currency reserves largely denominated in dollars, may increase its holdings of euros, deputy chairman Oleg Vyugin was quoted as saying.
Central banks sign cooperation agreement
Greece's central bank governor, Nikos Garganas, and his Romanian counterpart, Constantin Isarescu, were due to sign in Bucharest Friday a memorandum of cooperation in the two countries' exercise of supervision competences over commercial banks operating…
Canada's Dodge warns of rising inflation
Bank of Canada governor David Dodge warned Thursday that inflation pressures are greater than expected and that the inflation rate could hit an 11-year high of 4.5 per cent this winter.
Belarus to adopt rouble for non-cash settlements
Belarus is going to adopt the Russian rouble for non-cash settlements from 1 July 2003 the chairman of the Belarusian central bank, Pyotr Prakapovich said.
UK's pro-euro campaigners face tough task-report
A new report published by the Foreign Policy Centre suggests strong public backing for euro membership is unlikely to emerge for the foreseeable future unless there is a vigorous campaign for entry.
Reserve Bank of New Zealand Press Release
PRESS RELEASE - OCR unchanged at 5.75 per cent, 23 January.
BIS Press Release
PRESS RELEASE - Roger W Ferguson Jr appointed Chairman of the Committee on the Global Financial System, 23 January.
RBNZ Bollard says rates may fall as currency rises
New Zealand's central bank chief Alan Bollard said on Thursday he may cut interest rates this year because a rising New Zealand dollar is slowing consumer spending and inflation.
BOJ maintains static view of economy
The Bank of Japan has maintained its assessment of the economy for the second straight month in January but warned of risks from weak private consumption as well as flat exports and output.
Takenaka says govt, BOJ should share policy goal
Japanese Economics and Financial Services Minister Heizo Takenaka on Thursday called on the Bank of Japan to foster more growth in money supply and said the government and central bank should share a policy goal.
Brazil raises interest rates in surprise move
Brazil's central bank surprised financial markets yesterday with an increase of its prime lending rate by 0.5 percentage points to 25.5 per cent, showing its intention to implement tough inflation controls. Only two weeks ago central bank chief Henrique…
ECB sticks with growth forecast in monthly report
The European Central Bank sounded a dovish note in its monthly bulletin on Thursday but economists cautioned against building expectations of another rate cut very soon.
Indian banks in a fix over 'no staples' policy
The Reserve Bank of India's recent decision to do away with stapling of new currency notes to increase the longevity of the notes has come under fire.
CBR sets foreign bank capital procedures
The Russian central bank has established procedures for Russian bank participation in the charter capital of foreign banks.
G30 proposes payment system security revolution
The Group of Thirty have announced proposals for far-reaching reform of the global securities markets. The highly influential group, made up of prestigious members of the central and private banking community, has drawn up a detailed and comprehensive…
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes of the Bank of England's Monetary Policy Committee Meeting released on 22 January for the meeting of 8 and 9 January 2003. The same pattern of voting was seen at this meeting as in the previous two meetings. The nine MPC members voted…