Central Banking
Russia's Ignatyev upbeat on inflation, currency
Russia has a good chance it can meet its inflation and foreign exchange targets despite rising oil prices and its budget situation, Russian Central Bank Governor Sergei Ignatyev said on Wednesday 26 May.
Brazil sticks to 5.5 % inflation target
Brazil's central bank continues to target inflation of 5.5 per cent this year despite the rising cost of oil and market expectations that consumer prices will rise, the bank's president said on Wednesday 26 May .
Trichet at the Bank of Russia Seminar
In a speech to the Joint Eurosystem - Bank of Russia Seminar, Helsinki given on 25 May Jean-Claude Trichet of the ECB said with this seminar we want to strengthen and broaden our dialogue on all central banking issues, taking account of developments not…
Exchanging views on central banking issues
At the opening on Tuesday 25 May of the Joint Eurosystem, Bank of Russia Seminar in Helsinki the participants were welcomed by Matti Louekoski, Acting Governor of the Bank of Finland. He stressed that the Russian Federation has been enjoying rapid…
Greenspan, his limo rides, and interest rates
The Republican central banker's visits to the White House have nearly quadrupled since Bush replaced President Clinton, according to this article. His visits lead to two intriguing questions, the article says. How involved is the Fed chairman in setting…
Fed Reserve Bank of Boston - Annual Report 2003
The Federal Reserve Bank of Boston has published its Annual Report for the year ended 2003. In the Feature Essay "Embracing Change" president Cathy Minehan looks at the payments evolution, new approaches to education, and managing risk - changes in the…
Norway holds interest rate unchanged
Norway's central bank, Norges Bank, kept its key interest rate unchanged at their Wednesday meeting at 1.75 percent. Norges Bank maintained its outlook of easing bias suggesting they still believe that the next rate movement will more likely be a cut…
Conference on e-money to convene in Iran
The secretariat of the Supreme Council for Information Dissemination and the Export Development Bank of Iran (EDBI) will convene the first conference on e-money in Iran next month.
Bundesbank's Weber to discuss deficit with Eichel
Bundesbank President Axel Weber said he will meet with German Finance Minister Hans Eichel on Friday to discuss ways to avoid violating European Union budget rules for a fourth straight year in 2005.
Liebscher slams Stability Pact spoilers
European Central Bank governing council member Klaus Liebscher said Wednesday that euro zone states must respect the terms of the Stability and Growth Pact.
IMF opens training centre in China
On Wednesday the International Monetary Fund inaugurated a training center jointly built with China in Dalian, a port city in northeast China's Liaoning Province. Attendees included Robert Mundell, the former Nobel prize winner.
China economists call for yuan basket peg
A group of leading Chinese economists, including a member of the People's Bank of China's influential monetary policy committee, has called for China to remove its long-standing yuan peg to the U.S. dollar and fix the yuan to a basket of currencies.
Third ECB central banking conference dates
The European Central Bank announced on Monday 24 May that it will hold its 3rd Central Banking Conference on 21st and 22nd October 2004 in Frankfurt, on "The New EU member states: convergence and stability".
Fed Reserve Bank of Atlanta - Annual Report 2003
The Federal Reserve Bank of Atlanta on 20 May published its Annual Report for the year ended 2003. Jack Guynn says the annual report explores how the Fed's grassroots foundation not only remains relevant today but actually enhances how the Atlanta Fed…
Phil Fed's Survey of Professional Forecasters
The Federal Reserve Bank of Philadelphia published its Second Quarter 2004 Survey of Professional Forecasters on 24 May. The participants in the second quarter survey see steady rates for unemployment and real GDP growth for the year. Their estimates for…
Bank of Japan's MP Meeting Minutes, April 04
The Bank of Japan released the minutes from its 8 and 9 April Monetary Policy Meeting on 25 May. Some Policy Board members said domestic long-term interest rates needed close monitoring and cited the risk of long-term interest rates rising before there…
The extraordinary Greenspan
This editorial from The Washington Times says it is quite unlikely that the American and world economies would have experienced such good fortunes as they have over the past 20 years were Mr. Greenspan not leading the world's most powerful central bank…
Trichet says ECB must not overreact on data
ECB chief Jean-Claude Trichet said on Monday 24 May that the central bank generally had to show 'sang-froid' and moderation in its reaction to economic developments. In a speech delivered in French he said the stability and growth pact does not need to…
ECB 'wrong' for letting euro strengthen-Berlusconi
Italian Prime Minister Silvio Berlusconi has criticised the European Central Bank for allowing the euro to strengthen too much against the dollar, hurting eurozone exporters and boosting inflation.
Helsinki seminar on ESCB cooperation begins
Finland hosted the opening of a three-day seminar devoted to mechanisms of cooperation between the Russian Central Bank and the European System of Central Banks (ESCB) on Tuesday 24 May. Participants at the seminar will include the chairman of the…
Is inflation Japan's next battle?
This article on the IHT's site asks when the Bank of Japan will shift from a quantity theory approach to monetary policy and revert to using interest rate policy. That a change is being considered was hinted at last week by the bank's governor, Toshihiko…
Bundesbank calm over oil price surge
Bundesbank president Axel Weber said on Tuesday 25 May that he was not overly worried about surging oil prices, and he indicated that a cut in interest rates by the ECB to help boost eurozone growth was not likely for the time being.
CBN launches efficient document management system
Towards addressing the problems of storage, archival and retrieval of vital documents, the Central Bank of Nigeria (CBN) on Monday 24 May launched the Integrated Document Management Solution (IDMS), a filing system designed to achieve efficient document…
CentralBankNet's central bank governance guide
Following the Bundesbank's decision to appoint an ethics advisor for its board, central banks around the world are reviewing their ethics policies for staff. As an aide to this effort, CentralBankNet's governance guide here includes some links to…