News
Iran: Single exchange rate policy to continue
The governor of the Central Bank of Iran Mohsen Nurbakhsh has announced that the single exchange rate policy will continue in the next Iranian year which begins on 21 March. In another move it was reported that certain political groups want Nurbakhsh…
Turkish bank governor denies difference with gov't
Turkey's central bank chief Sureyya Serdengecti denied reports on Monday that the central bank had differing views on the economy from the government position on economic issues.
Peru central bank obeys nepotism laws - president
Peru's central bank chairman Richard Webb, responding to an inquiry from Congress, denied claims that the bank is violating nepotism laws even though about 20% of its employees have relatives on the staff.
Fed's Bernanke-U.S. recovery to pick up post-Iraq
Federal Reserve Board Governor Ben Bernanke said on Monday that if the geopolitical uncertainty surrounding a possible war against Iraq is soon resolved, the economy should grow above potential in the second half of the year.
Kenyan c bank plans shift to inflation targeting
The Central Bank of Kenya (CBK) is considering a gradual shift of its monetary policy-setting regime to target inflation. The inflation targeting move represents a radical shift in its current policy-setting regime.
Canada's Dodge prepares for higher rates - report
Canadians should not be surprised if interest rates rise in the "next two or three months," Bank of Canada Governor David Dodge said in a recent magazine interview. He also rejected the idea of Canada and the US adopting a common currency.
Presidents of the Federal Reserve Banks
PRESS RELEASE - Sandra Pianalto took office on February 1, 2003, as the tenth chief executive of the Fourth District Federal Reserve Bank, at Cleveland.
Central Bank of Brazil COPOM Minutes
MINUTES - The Banco Central Do Brasil has published the minutes of the 80th meeting of the Monetary Policy Committee (COPOM), 21 and 22 January. The Committee decided unanimously to increase the Selic rate to 25.5% after an anticipated overshoot of the…
Governor of Mauritanian central bank appointed
The Presidency of the Republic of Mauritania announced in a decree issued Wednesday 29 January, that Mr Bassidou Moussa has been appointed as governor of the Central Bank of Mauritania.
Brazil c bank unlikely to change inflation target
Brazil's central bank has said it would only change its inflation target for 2003 if an increase in regulated prices surpassed its forecast of a jump of 14 percent.
China's central bank to push interest-rate reform
The monetary policy committee of the People's Bank of China, in its first quarterly meeting of the year, has reaffirmed the central bank's commitment to keeping both interest rates and exchange rates steady during 2003.
Julius joins ex-MPC member at hedge fund
DeAnne Julius, a former member of the Bank of England's Monetary Policy Committee, has joined her old colleague Sushil Wadhwani at a hedge fund which manages $1bn (UK £625m).
French bank chief trial enters key week
The trial of Bank of France governor Jean-Claude Trichet on false accounting charges enters a key phase this week as state prosecutors prepare to make their closing statements, with Trichet's job as next president of the European Central Bank (ECB)…
Koizumi to name new BOJ chief around 20 Feb
Japanese Prime Minister Junichiro Koizumi said on Monday he will name a new central bank governor at around 20 February.
Russian gold, forex reserves could hit $55 bln
The Central Bank of Russia's gold and foreign-exchange reserves could total approximately $55 billion at the end of 2003 so says a deputy governor of the Bank.
MNB alters Hungary's inflation aim
The National Bank of Hungary (MNB) will miss its inflation target for this year because of increasing crude oil prices and domestic wages, MNB President Zsigmond Jarai announced Monday.
SBP evolving Islamic finance model: Ishrat
The State Bank of Pakistan is striving hard to find a viable alternative to interest-free banking compliant with Sharia law, the Governor of the State Bank of Pakistan has said.
Minutes of the Federal Open Market Committee
MINUTES - The Federal Reserve on 30 January released the minutes of its FOMC meeting of 10 December. The information reviewed at this meeting suggested that economic growth had been sluggish on balance since midsummer. Industrial production dropped…
Bank of England Press Release
PRESS RELEASE - Modelling and Forecasting at the Bank of England - The Pagan Report and the Bank's Response, 30 January.
Sveriges Riksbank Press Release
PRESS RELEASE - Comments on article on DN's debate page, 23 January.
Bursary scheme for research work in Malta
The Central Bank of Malta has recently launched a Bursary Scheme to enable local and foreign postgraduate students or holders of a postgraduate degree to obtain research work experience at the Bank through research projects on areas of interest to the…
Japan's Koizumi: Economic reforms need more time
Japanese Prime Minister Junichiro Koizumi insisted Friday there would be no financial crisis in the world's second-largest economy, promising tax cuts and pleading for time for reforms to work. He also said his Cabinet and the central bank were working…
December FOMC saw monetary policy well positioned
Federal Reserve policymakers believed they had already laid a foundation for a pickup in U.S. economic growth when they decided in December to hold interest rates steady, FOMC minutes released on Thursday showed.
Venezuela central bank - for ex controls necessary
Domingo Maza Zavala, the director of the Central Bank of Venezuela, has said that a foreign exchange control system is "not desirable", but it is necessary. He added that he thinks measures should have been taken a lot earlier, when the strike in the oil…