News
BofE Nickell: Financial market weakness to persist
In an interview Stephen Nickell of the Bank of England's Monetary Policy Committee said that the Bank's recent interest rate reduction was unlikely to trigger another round of rapid house price increases in the UK. Professor Nickell has regularly voted…
Sveriges Riksbank Press Release
PRESS RELEASE - Agreement between the Riksbank and Finansinspektionen on the division of labour with regard to financial stability, 24 February.
Fukui appointed BoJ governor
Toshihiko Fukui was today nominated to replace Masaru Hayami as governor of the Bank of Japan. Prime Minister Koizumi's decision to appoint a conservative figure like Fukui has already been criticised for showing a lack of commitment to tackle deflation.
Minutes from the Sveriges Riksbank Board meeting
MINUTES - Minutes of the Sveriges Riksbank Executive Board meeting on 6 February, published 20 February. The Board voted unanimously to leave the repo rate unchanged at 3.75%. The Board concluded that economic developments continue to be marked by the…
Report says Israel's Sharon to oust central banker
An Israeli press report on Friday cast further doubt on David Klein's chances of remaining as governor of the Bank of Israel. The report says Israel's prime minister is likely to ask the governor to withdraw from his position in the next few days.
Tanzania's forgery proof notes finally copied
After Tanzania's central bank confidently claimed their new bank notes were impossible to forge one eye has inevitably been kept on the country's paper money. Now the BBC reports that that fakes are turning up in Dar-es-salaam.
China to remain major foreign capital destination
The People's Bank of China says that although the risks challenging global economic recovery will have a negative impact on China's economic growth the country will retain its position as a major centre of foreign investment.
Mexico cen bank sees inflation expectations ease
After a tightening of monetary policy Mexico's central bank has said inflation expectations have eased. The easing was sought before various wage bargaining negotiations began.
Norges Bank's accounts for 2002
PRESS RELEASE - Norges Bank's annual accounts for 2002, released 20 February, show a deficit of NOK 24.1 billion, compared with a deficit of NOK 4.7 billion in 2001. No transfer will be made to the Treasury from the Transfer Fund.
Japan's Ito repeats call for BOJ inflation target
An academic linked to the race for top spot at Japan's central bank reiterated on Thursday his view that the bank should adopt a controversial policy targeting inflation to reverse Japan's steadily falling prices.
EU's Solbes: ECB reform proposals not ideal
The European Central Bank's proposals to change the voting system for its governing council have not been received warmly. The Economic and Monetary Affairs Commissioner Pedro Solbes has described the proposals as "not the ideal solution".
Rates on the rise, Canadian central banker says
Canadian monetary conditions remain stimulative enough to require future interest-rate increases, Bank of Canada deputy governor Sheryl Kennedy said Wednesday in the latest reiteration of the central bank's recent hawkish line.
Russia posts another rise in gold reserves
Russia's gold and foreign currency reserves were at 51.4bn dollars on 14 February, up from 50.2bn dollars on 7 February, the Central Bank of Russia said in a press release on Thursday.
Klein won't bow to PM's 'whims' confidantes say
Bank of Israel governor David Klein does not intend to step down from his post even if Prime Minister Ariel Sharon asks him to do so Ha'aratz news in Israel said. Ha'aratz reported sources close to the governor said Wednesday in the wake of a barrage of…
Yamaguchi says Bank of Japan is doing all it can
The most expectant of silences greeted Yutaka Yamaguchi, the deputy governor of the Bank of Japan. But the outlook from the bank veteran of 40 years was gloomy: the bank is doing all it can, it is time for others to pull their weight. CentralBankNet…
Brazil raises rates to fight 'virus of inflation'
Brazil's central bank on Wednesday raised interest rates for the second time in a month to curb what new President Luiz Inacio Lula da Silva described this week as the "virus of inflation".
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes of the Bank of England's Monetary Policy Committee Meeting released on 19 February for the meeting of 5 and 6 February 2003. The minutes show seven members of the Committee (the Governor, Mervyn King, Christopher Allsopp, Kate Barker,…
Minutes of Japan's Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 21 and 22 January 2003, released 19 February. One member pointed out that inflation targeting had never been adopted for the purpose of overcoming deflation by any central bank overseas,…
ECB Press Release
PRESS RELEASE - Financing and financial investment in the euro area in the third quarter of 2002, 19 February.
Ukraine: Security Service may join c bank's board
The chairman of the National Bank of Ukraine, Serhiy Tyhypko, has said he is not opposed to including members of Ukraine's uniformed ministries on the bank's board.
Special judge probes Chile central bank case
A Chilean court assigned a special judge Tuesday to probe the theft of confidential economic data from the central bank in a scandal that has shocked the financial community.
Finland opposes changes to ECB voting system
Planned changes to the voting system of the European Central Bank may be delayed due to opposition from Finland.
Brazil's Palocci nominates three c bank directors
Brazilian Finance Minister Antonio Palocci nominated three new Central Bank directors on Tuesday, including Luiz Augusto Candiota to replace Luiz Fernando Figueiredo as the director of monetary policy.
France to insist on ECB presidential role
France looks set to insist that the post of European Central Bank president goes to a French candidate despite the setback for its leading contender for the job, Bank of France governor Jean-Claude Trichet, EU sources said.