News
ECB concerned by eurozone growth prospects
The European Central Bank on Thursday fuelled speculation about a possible interest rate cut by highlighting concerns about growth across the eurozone area, although it reiterated its stance that its current monetary policy is "appropriate".
Think-tank urges stronger ECB role
An economic think-tank said yesterday the way the European Union has set up supervisory watchdogs could cause instability to the financial system and urged a stronger role for the European Central Bank.
Fed's Ferguson: Oil prices not major econ threat
Japan's ongoing economic troubles have taught policymakers to use monetary policy aggressively in the face of challenges to growth, Federal Reserve Vice-Chairman Roger Ferguson said Wednesday.
BOJ to avoid Hayami appearing as lame duck
The appointment of a new Bank of Japan governor may not come until after the Group of Seven meeting 21-22 February in Paris, Japan's chief government spokesman said Monday.
ECB's Papademos-Higher inflation target won't help
European Central Bank Vice President Lucas Papademos has said that raising the central bank's inflation target to 3 or 4 percent will not provide more room for growth in the euro area.
European parliament Press Release
PRESS RELEASE - ECB Governing Council reform : "I would prefer a really pro-european approach". The Chair of the European Parliament's Committee on Economic and Monetary Affairs, Christa RANDZIO-PLATH (PES/Germany) today expressed dissatisfaction…
Inflation control a priority for Russia's c bank
Containing inflation is a top priority for the Central Bank of Russia in the implementation of its monetary- financing policy, Central Bank First Deputy Chairman Oleg Vyugin said Wednesday.
French bank chief Trichet trial wraps up
The false accounting trial of Bank of France Governor Jean-Claude Trichet and eight others entered its final day of argument Wednesday, with a verdict expected in a few weeks which could determine whether he takes over this year at the European Central…
Belarus wants equal terms with Russia currency
The stance of Belarus on the principles of creating the Russian-Belarusian union state's single money issuing centre remains unchanged, the press secretary of the National Bank of Belarus, Mikhail Zhuravovich, has said, while commenting on the results of…
Brazil c bank chief has meeting from hospital bed
Recently we reported the sad story of Henrique Meirelles, Brazil's central bank president, breaking his ankle after slipping on ice at the Davos economic summit. Apparently he was not left alone nursing his injured foot and was even able to hold a…
Fed's plan could affect 160 workers in St. Louis
The Federal Reserve's plan to close five regional check-processing centers will affect about 160 employees at the Federal Reserve Bank of St. Louis.
Koizumi puts off BOJ chief choice
The government has postponed the selection of the next Bank of Japan governor, fuelling speculation the prime minister has not found a ``deflation fighter'' who can rescue the economy.
Ex-central bank official sees Gulf conflict profit
A former vice-governor of the Central Bank of Lebanon says that the imminent US-led war against Iraq might hold more than a negative impact on this country.
Venezuela cen bank cuts discount rate to 39 pct
Venezuela's Central Bank on Tuesday lowered its discount rate for local banks seeking to borrow money to meet reserve requirements from 42 percent to 39 percent.
BofE cuts growth forecast amid 'heavy' uncertainty
The Bank of England's Inflation Report is ten years old, Mervyn King told a well attended press conference on Wednesday. He announced a cut in the Bank's growth forecast for the UK economy, suggested he didn't know what the stability and growth pact was…
Bank of Japan Press Release
PRESS RELEASE - Framework for Improving the Network Infrastructure of the BOJ-NET, 10 February.
ECB Press Release
PRESS RELEASE - New Guideline of the ECB concerning Eurosystem reporting requirements and procedures in the field of money and banking statistics, 10 February.
European Parliament Press Release
PRESS RELEASE - Duisenberg to appear before Economic and Monetary Affairs Committee, 11 February.
U.S. economy facing more than war - Guynn
The U.S. economy is being restrained by more than just the prospect of war, but an expected pickup in business spending should help it strengthen as the year unfolds, Atlanta Federal Reserve Bank President Jack Guynn has said.
Irish central bank head demands IFSRA consultation
Moves are afoot to give the governor of the Central Bank of Ireland the right to be consulted by the Minister for Finance about the budget for the new financial services regulatory body, it has emerged.
Unions call for action at the Bank of France
Following the French central bank's announcement of plans for a radical reduction in the number of its branches, unions representing staff at the Bank of France have called for strike action from Monday.
Central bank aims to halt slide of Jamaican dollar
The Bank of Jamaica (BOJ) has taken additional steps aimed at halting the slide in the value of the Jamaican dollar against its United States counterpart.
Ukrainian central bank to fight money laundering
The National Bank of Ukraine expects to make another decision to fight money laundering schemes and stop unlawful money transfers abroad by the end of this week, the head of the National Bank of Ukraine, Serhiy Tyhypko, said Monday.
Single currency for West Africa "well on course"
The West African Monetary Institute (WAMI) says the planned convergence of a single currency by member countries of the West African Monetary Zone (WAMZ) is well on course. "Following the landmark decisions in Bamako, Mali, in December 2000, establishing…