Central Banking
NBP chief: GDP depends on passing of reform bill
Poland's long-term economic growth depends on passing legislation that can effectively reform the country's public finances instead of blocking initiatives, which could widen the government budget deficit, National Bank of Poland Governor Leszek…
ECB cannot react to short-term impacts says Issing
European Central Bank chief economist Otmar Issing said in a speech in Berlin on Thursday 25 November that the ECB cannot change interest rates in response to the short-term impact of external developments, such as this year's sharp rise in oil prices.
SARB's Mboweni on monetary policy and inflation
In a speech on 'Monetary policy and inflation: The next decade' given on 18 November, Tito Mboweni of the South African Reserve Bank said the recent major structural changes in the world and in South Africa will have little effect on the determination…
Chicago Fed's Moskow on causes of job loss
In a speech on 'Job loss: Causes, consequences, and policy responses' given on 19 November, Michael Moskow of the Federal Reserve Bank of Chicago said society needs to rethink policies to help workers displaced by economic change and new technologies.
Heikensten on the Riksbank & financial system risk
In a speech on 'The Riksbank and risks in the financial system' given on 16 November, Lars Heikensten of the Sveriges Riksbank said developments in the financial system in recent years have been very rapid and made substantial, new demands on all…
BoE's Lomax on stability and statistics
In a speech on 'Stability and statistics' given on 23 November, Rachel Lomax of the Bank of England said that the past decade has been a time of unparalleled stability for output and inflation, creating a much better climate for business. She says it is…
Jusko says Slovak crown can't firm indefinitely
Though Slovakia's central bank, the National Bank of Slovakia (NBS), is satisfied with Slovakia's economic development, it will not let the local crown firm indefinitely, NBS governor Marian Jusko told the news agency TASR.
Brazil central bank denies govt buying dollars
Afonso Bevilaqua, economic policy director at Brazil's central bank, denied that the treasury is seeking to stem the rise of the Brazilian real by buying dollars on the spot market, official news agency Agencia Brasil reported.
Hungary approves Central Bank Act changes
The Hungarian parliament has approved modifications to the Central Bank Act that raise the maximum number of Monetary Council members to 11 and afford the prime minister a bigger say in nominating members of the Council, Interfax-Europe reported.
Polish central bank leaves rates unchanged
The National Bank of Poland said on Wednesday 24 November that it had left key interest rates unchanged at its monetary policy meeting.
Recommendations for Central Counterparties
The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions (IOSCO) released a report entitled Recommendations for Central Counterparties on Wednesday 24 November.
ECB says eurozone banks have reduced USD holdings
Euro zone banks appear to have reduced their holdings of US dollar-denominated assets in the first half of 2004, the European Central Bank said in a report on EU banking sector stability.
Dodge on the Canadian economy
In a speech on behalf of Canada's Finance Minister, Ralph Goodale, to the German-Canadian Business Club of Berlin given on 22 November, David Dodge of the Bank of Canada said domestic demand is stronger and the prices of the goods and services we export…
SARB's Mboweni on central banking in Africa
In a speech on 'The global economy and central banking in Africa' given on 9 November, Tito Mboweni of the South African Reserve Bank said the changes in the world economy in recent years have led to large improvements in central banking in Africa. At…
Luxembourg's Mersch on the role of the euro
In a speech on 'The international role of the euro' given on 11 November, Yves Mersch of the Central Bank of Luxembourg said the Eurosystem has been a strong supporter of financial market integration in the EU. The introduction of the euro itself has…
Fed's Bies on fair value accounting
In a speech on 'Fair value accounting' given on 18 November, Susan Bies of the Federal Reserve said the Financial Accounting Standards Board's fair value measurement standard is a good first step toward developing enhanced guidance for the estimation of…
Sweden's Nyberg on securities market
In a speech on 'The securities market today and tomorrow' given on 10 November, Lars Nyberg of the Sveriges Riksbank said in recent years, inflation in many countries has fallen, and inflation expectations have stabilised at a level that reflects the…
Central Bank of Liberia launches website
The Central Bank of Liberia (CBL) has launched its website, according to a CBL release issued at the weekend.
Reserve Bank of Fiji to implement HiPortfolio/3
DST International (DSTi) - a leader in business solutions for the investment management industry and business process management - confirmed on Tuesday 23 November that the Reserve Bank of Fiji plans to implement the company's flagship back-office…
PBOC deputy says US should not blame others
A senior official with the People's Bank of China has warned the United States not to blame other countries for its own economic difficulties, a report said.
ECB already doing enough for growth-Weber
Bundesbank president Axel Weber told journalists Monday that the European Central Bank is doing "all it can" to support eurozone growth.
Russian central bank hints on euro reserves boost
The euro rose to its sixth record this month against the dollar after first deputy chairman of the Russian Central Bank Alexei Ulyukaev said on Tuesday 23 November that the bank might increase the share of the euro in its reserves.
Chasing dirty money
Ted Truman, a former senior official at the US Treasury and the Federal Reserve, has turned his focus on the fight against money laundering. Paul Brione reports for CentralBankNet.
Bank of Japan Monthly Report, November 2004
The Bank of Japan released the English version of its November 2004 monthly report on 22 November. In the report the BOJ downgraded its assessment of exports and production in its report but maintained its overall view that the country's economy was on…