News
ECB's Issing says recovery still on track
Economic recovery in the euro zone remains on track, with the pace of growth set to accelerate later this year, European Central Bank chief economist Otmar Issing said in a speech on Wednesday 26 January.
Bank of England MPC Minutes, 12 &13 January
The minutes from the 12 & 13 January meeting of the Bank of England's Monetary Policy Committee published on Wednesday 26 January showed the nine members voted unanimously to hold rates at 4.75 per cent.
Wellink says Asia can't maintain dollar buying
Asian central banks cannot continue buying up US dollars forever and the US will have to take action to cut its budget deficit, European Central Bank governing council member Nout Wellink said on Wednesday 26 January.
Fed's Hoenig says economic outlook bright for US
Kansas City Federal Reserve President Thomas Hoenig said on Tuesday 25 January that the outlook for the US economy is pretty bright and inflation should not be a major issue this year.
EU's Almunia says strong euro not posing problems
EU economic and monetary affairs commissioner Joaquin Almunia told a breakfast briefing held by the European Policy Centre think tank that the strength of the euro is not posing problems for Eurozone countries.
Eurosystem reserves up 0.9 bln eur to 155.8 bln
The European Central Bank said on Tuesday 25 January that net foreign currency reserves in the euro system rose 0.9 bln eur to 155.8 bln in the week ending 21 January.
BoJ likely to lower price forecast says Mizuno
Bank of Japan board member Atsushi Mizuno said that the central bank will probably drop its October forecast that consumer prices will have an increase next fiscal year for the first time in eight years.
Bank of Canada keeps interest rates unchanged
The Bank of Canada announced on Tuesday 25 January that it is maintaining its target for the overnight rate at 2 1/2 per cent. The bank said the Canadian economy continues to adjust to major global developments.
BIS to hold 75th anniversary exhibition
The Bank for International Settlements (BIS) announced on Tuesday 25 January that, as part of its 75th anniversary celebrations, it would hold an exhibition at its headquarters in Basel, Switzerland for two weeks this year.
Japan, Thailand agree bilateral swap arrangement
The Bank of Japan, acting as the agent of the Minister of Finance of Japan, and the Bank of Thailand agreed to reach the second bilateral swap arrangement under the Chiang Mai Initiative of the ASEAN+3 Finance Ministers' Process, the Bank of Japan said…
Atlanta's Guynn: cbs adding euros for 6 months
Foreign central banks have been adjusting their reserves to add euros for the past six months and the process has so far been "very smooth," Atlanta Fed president, Jack Guynn said in a speech.
BOJ deputy says deflation end may be delayed
Deputy Bank of Japan Governor Toshiro Muto has indicated in an interview that the Japanese economy may move out of deflation later than the central bank has forecasted.
Bank of Japan Minutes, 16 & 17 Dec 2004
The Bank of Japan's minutes from its 16 and 17 December Monetary Policy meeting revealed that board members see four negative side-effects of the BoJ's current super-loose credit policy.
Euro area balance of payments
In introductory remarks to a press briefing at the launch of a new set of statistics on the geograhical breakdown of the euro area balance of payments and international investment position on Friday 21 January, ECB Executive Board member Jose Manuel…
Trichet: Stability and growth pact needs improving
European Central Bank president Jean-Claude Trichet said that some aspects of the European Union's Stability and Growth Pact need to be improved.
Indonesia's cb issues new banking regulations
Bank Indonesia is to issue eight new banking regulations on Tuesday 25 January, including relaxation of the legal lending limit and a guideline on the granting of credits to disaster-affected customers, central bank's governor Burhanuddin Abdullah said.
Inquiry into Central Bank of Iraq's missing $300m
US authorities are investigating why $US300 million in American bills was taken out of Iraq's Central Bank this month and flown to Lebanon, the American ambassador to Iraq said.
Central bankers shift funds from US to eurozone
Central banks are reducing their holdings of dollars in favour of the euro, according to a survey of 65 central banks published on Monday 24 January by Central Banking Publications.
Schroeder sees stability pact agreement in March
German Chancellor Gerhard Schroeder and EU Council President Jean-Claude Juncker met Friday and expressed optimism that an agreement could be reached soon on reform of the stability and growth pact.
Da Afghanistan Bank appoints first deputy governor
At the proposal of the governor of Da Afghanistan Bank, the central bank, and following the approval by the president Hamed Karzai, Sameollah Ebrahimi has been appointed first deputy governor of the central bank, the BBC Monitoring Service reported…
New directors for Chicago Fed
Two new members of the Federal Reserve Bank of Chicago's board of directors were announced on 10 January, as well as one new member of the bank's Detroit Branch board. In addition, the chairmen of both boards and the Seventh District representative to…
New website speculates on World Bank top job
A new website dedicated to airing speculation on who will succeed James Wolfensohn as the next president of the World Bank is offering the rumours and gossip on who is in the running to take the job.
Venezuela's Chavez nominates Parra as BCV chief
Venezuelan President Hugo Chavez Frias has proposed economist Gaston Parra as his choice for the presidency of the Venezuelan Central Bank (BCV).
Interview with Bank of Finland's Liikanen
In an interview published on Thursday 20 January, the Governor of the Bank of Finland, Erkki Liikanen, strongly defended the Stability and Growth Pact of the European Union. He expressed concern that financial discipline and budgetary restraint in the…