News
Poland to join euro zone in 2007- finance minister
Finance Minister Grzegorz Kolodko reiterated that Poland could meet Maastricht convergence criteria in 2005 and join the euro zone in 2007.
Noyer mentioned as potential ECB candidate
CentralBankNet learns that former European Central Bank vice president Christian Noyer may be in line to take over from Wim Duisenberg as president of the ECB in July if Jean-Claude Trichet is unable to take up the position.
Bank of France strike begins with 62% not working
At least 62 per cent of the 8,000 branch employees of France's central bank, the Banque de France, stopped work Thursday in protest against plans to trim the bank's branch network.
'Mr Yen' expects new intervention tactic by Japan
Japanese authorities, whose surprise currency intervention last month has largely stabilised the yen, will likely try a new trick when they step into the market again, a noted intervention guru said on Friday.
BoC's Knight says monetary conditions expansionist
The Bank of Canada said domestic monetary conditions "remained expansionist" and held to last month's forecast that inflation in the first quarter would range between 4 and 4.5 percent, Senior Deputy Governor Malcolm Knight said in a prepared speech on…
Japan's central bank maintains monetary policy
Japan's central bank kept its monetary policy unchanged Friday but said it was prepared to provide extra cash to maintain stability in the financial markets.
Latvian PM says he is a mad Martian
Latvian Prime Minister Einars Repse, and former central bank head, responding wryly to criticism of his performance, says he is a mad Martian who had come to live on Earth.
Central Bank of the Philippines Press Release
PRESS RELEASE - 38th SEACEN Governors Conference and 22nd Meeting of the SEACEN Board of Governors.
Trial delay makes ECB job unlikely for Trichet
The verdict on the trial of Jean-Claude Trichet, the governor of the Bank of France will not be announced until 18 June. The sensational four month delay to analyse "complex details" virtually rules Trichet out of the running as the next president of the…
Irish central bank hints at early euro rate cuts
Ireland's central bank governor John Hurley Wednesday night provided a strong hint of significant early European interest rate reductions.
Greenspan and Bush in public clash
In a rare rift with Alan Greenspan, the White House has taken issue with the Federal Reserve chairman's assessment that now is not the time to boost the economy - at least not along the course George Bush has chosen.
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.