News
Argentine c banker: priorities for new president
The head of Argentina's central bank Alfonso Prat Gay said on Thursday 1 May that the new president of Argentina, to be elected this month, should put sustainable growth at the top of the agenda and establish a long-term IMF deal and debt restructure,…
Swedes become more hostile to the euro
Four polls since 15 April suggest opponents of the euro outnumber supporters in Sweden by an average of 8 per cent, according to report by Bloomberg. This compares with six months ago when pro-euro campaigners led by 3 percentage points.
Norway's plans to sell Royal Mint stir up storm
Norway's central bank has said that by 2007 it will not be economically feasible to print notes and mint coins in the country, according to Aftenposten, but the move has caused controversy with many saying that printing notes and coins has "symbolic…
Brazil's Copom resisted April rates cut
Minutes of Brazil's central bank Copom meeting released on Friday 2 May showed that the bank resisted cutting interest rates in April as although inflation slowed in March, it failed to ease at the pace predicted, according to AE Brazil.
BoJ chief ignores bank share pressure
Speaking on Friday 2 May, Bank of Japan chief Toshihiko Fukui said the central bank cannot take limitless risk, which is a job that only the government can do. His comments, reported by Associated Press, were a response to government pressure to step up…
Senior appointment at the RBA
The Reserve Bank of Australia announced on Wednesday April 30 that its head of economic analysis, Guy Debelle, will take a year's leave at MIT and be replaced by Dr Philip Lowe.
ECB opinion on appointment to the Executive Board
ECB Opinion on the appointment of a member of the Executive Board of the ECB, 30 April 2003.
EC transfers payments system observatory to ECB
The electronic Payment Systems Observatory has been successfully transferred from the European Commission to the European Central Bank, 30 April 2003.
Japan vice finance minister praises BOJ move
The Bank of Japan's decision to further relax its ultra loose monetary policy gained support from the government on Thursday 1 May,when Vice Finance Minister Masakazu Hayashi said he hoped the move would have a positive effect on the economy, Reuters…
Iraq war effect on Mideast less severe - IMF
An IMF official told Reuters on Thursday 1 May that the Iraq war was unlikely to have as severe an effect as expected on the Middle East economy because the conflict was relatively short.
Monetary policies working well for Canada: Dodge
Canadian Press reported that Bank of Canada chief David Dodge said on Wednesday 30 April that the Canadian dollars independence from the US has allowed it to rise in recent months, on the back of a strong economy, while the US has suffered sluggish…
NY Fed hopes to name new chief in coming weeks
The head of the committee to find a successor for the New York Fed's retiring President William McDonough said the Bank hopes to make an announcement in the next few weeks, according to a Reuters report.
Central bank governor says Turkey doing well
The governor of Turkey's central bank said on Wednesday 30 April that political tensions should not be allowed to influence the economy, according to aMSNBC report.
Snow outlines US Iraq help with new central bank
US Treasury Secretary John Snow said on Wednesday 30 April that priorities in Iraq will include restoring the Finance Ministry and central bank and establishing a sound national currency, according to Associated Press.
Fed held conference calls on economy during war
An early draft of Alan Greenspan's testimony to the House of Representatives Financial Services Committee which was apparently released in error, revealed that the FOMC held regular conference calls during the Iraq war to monitor the US economy,…
Venezuela's Maza blasts delay in selling dollars
Central Bank of Venezuela director Domingo Maza said before a press conference that a lack of imports is hurting the country's economy with restrictions on the availability of dollars for overseas supplies, Bloomberg reports.
IMF's Rogoff to return to Harvard
Economic Counsellor Kenneth Rogoff notified IMF Management of his intention to return to Harvard University in the Autumn, 29 April.
New commission regulates Chinese banks
The China Banking Regulatory Commission began operations on Monday 28 April and will take over the supervisory role of the People's Bank of China, according to a report in Asia Times Online.
Uganda c bank declared 'least corrupt' institution
The Bank of Uganda, the country's central bank, has been declared the most honest and least corrupt institution in Uganda in a report from the Inspector General of Government, according to a report in The Monitor
Norges Bank reduces interest rates
Norway's central bank cut its main interest rate by 0.50 percentage points on Wednesday 30 April, saying that the balance of probability suggested inflation would be lower than the 2.5 target in two years time.
Sheibani appointed new CBI governor: report
The newspaper Hamshahri reported on Wednesday 30 April that Ebrahim Sheibani has been appointed the new governor of the Central Bank of Iran. A previous leading contender for the post, Massoud Nili, was said to have withdrawn his candidacy to concentrate…
Bank of Japan eases monetary policy
In a surprise move the Bank of Japan eased monetary policy sharply on Wednesday30 April, reports the Financial times. . In a statement the BoJ said the move was seen as appropriate in light of current "uncertainty regarding the economic and financial…
New York Fed steps up hunt for president
The search for a replacement at the New York Fed for William McDonough steps up this week with candidates for the post expected to be interviewed. according to the Financial Times. Two prominent candidates for the job include a Mr Fischer and a Mr Fisher.
Welteke confirms support for stability pact
Looking back over the lifetime of the euro, Ernst Welteke, the president of the Deutsche Bundesbank, said in a speech on Wednesday that the ECB had achieved its aim of price stability in the face of strong and in some cases unprecedented economic shocks…