Central Banking
Malaysia's Zeti on the new capital accord
In the speech 'Enhancing the soundness of the banking sector - The New Capital Accord' given on 15 April Zeti Akhtar Aziz of the Central Bank of Malaysia said despite the increased sophistication of the regulatory capital framework and internal economic…
Singapore's Loong on ASEAN - the way ahead
In the speech 'ASEAN - the way ahead' given on 7 April Lee Hsien Loong of the Monetary Authority of Singapore said globalisation has presented many challenges to ASEAN, but it has also created many opportunities. Governments will need to lead the way, by…
Central Bank of Malta - Annual Report 2003
The Central Bank of Malta has published its Annual Report for the year ended 2003. The Report sees a modest pick-up in activity during 2004, underpinned by higher public sector investment as well as a recovery in exports.
Europe's beleaguered central bankers
This article from BusinessWeek says what unsettles investors isn't so much that the ECB held rates steady at its last meeting but that Trichet hinted the ECB was going to do one thing and then it did something else. It also looks at the scandals…
OECD calls for eurozone interest rate cut
Eurozone interest rates should be cut by the European Central Bank, the head of the OECD suggested Monday.
Austrian ECB member sees euro zone recovery
Klaus Liebscher, a member of the governing council of the European Central Bank, said Tuesday he expects the euro zone economy to recover this year.
Rates could rise, still accommodative says MC Teer
Federal Reserve Bank of Dallas President Robert McTeer said in a television interview Tuesday the US central bank could raise interest rates and still stimulate the economy.
Fukui: too early to consider ending easy policy
Bank of Japan Governor Toshihiko Fukui said on Tuesday that it was too early to start considering ending the central bank's super-loose monetary policy.
Iraq's central bank to link with 7500 institutions
The Governor of the Iraqi Central Bank Sinan al-Shibibi said that a system will be used to link with more than 7500 financial institutions in 200 countries, according to a news agency report.
Riksbank to guarantee capital cover to subsidiary
Decision on capital injection during the winding up of the Riksbank's wholly-owned subsidiary, Pengar i Sverige AB, 16 April. The Executive Board of the Riksbank decided at its meeting on 31 March 2004 to guarantee capital cover of up to SEK 75 million.
Philadelphia Fed Business Outlook Survey, Apr 2004
According to the firms surveyed for the Philadelphia Fed's Business Outlook Survey, April 2004 growth in the region's manufacturing sector is continuing. Indicators for general activity, new orders, and shipments all rose from their readings last month.
Fed's Bernanke on financial access for immigrants
In the speech 'Financial Access for Immigrants: The Case of Remittances' given on 16 April Ben Bernanke of the Federal Reserve said remittances of money abroad by immigrants in the United States are large, and pose an opportunity to bring an underserved…
ECB's Papademos on policy-making in EMU
In the speech 'Policy-making in EMU: strategies, rules and discretion' given on 19 April Lucas Papademos of the ECB said there are many reasons for arguing that the ECB's strategy is well suited to the conduct of monetary policy in the euro area. One…
Yuan convertibility 'top priority' says Zhou
People's Bank of China governor Zhou Xiaochuan was quoted as saying the central bank will take steps to let market forces play a bigger role in determining the yuan's value as this is a "top priority".
BOJ sees deflation continuing for a while
Bank of Japan Governor Toshihiko Fukui said in a speech Monday that Japan's economy is continuing to recover in a stable manner but prices should stay "slightly negative" for a while.
IMF to say Fed must prepare world for rate hike
The Federal Reserve must prepare the global economy for an interest rate hike to "avoid financial market disruption both domestically and abroad", the IMF is to warn this week according to a newspaper report.
Report says Armenia offloads its gold reserves
The Central Bank of Armenia has sold the country's gold reserves of about 1.4 tonnes, a report said quoting the Bank.
Tanigaki: G7 meeting to discuss financial markets
Finance officials of the Group of Seven nations meeting this week will probably talk about financial markets as part of discussions on the global economy, Japanese Finance Minister Sadakazu Tanigaki said on Friday.
Snow: Boosting global growth key G7 topic
Boosting global growth will be the central topic of the upcoming G-7 meeting of the finance ministers and central bank governors from the world's seven largest industrial countries, according to U.S. Treasury Secretary John Snow.
Bernanke: Policymakers can learn from asset prices
In a speech on 'What policymakers can learn from asset prices' given on 15 April, Ben Bernanke of the Federal Reserve said asset prices can offer valuable insights into expectations for inflation and interest rates, but care is needed in extracting any…
Moskow on financial access for immigrants
In opening remarks to the Financial Access for Immigrants Conference given on 15 April, Michael Moskow of the Federal Reserve Bank of Chicago said the issue of immigrant financial access has been growing in importance in recent years. To help us better…
Bank of Canada, Monetary Policy Report, April 2004
The Bank of Canada released its April 2004 Monetary Policy Report on 15 April. The Report reviews economic and financial trends in the context of Canada's inflation-control strategy.
RBNZ appoints Financial Market Operations Manager
The Reserve Bank of New Zealand announced the appointment of Mr Simon Tyler to the new post of Manager of Financial Market Operations on 6 April.
Bank of England's Bean reappointed to MPC
Charlie Bean, Executive Director for Monetary Policy and Chief Economist of the Bank of England, has been reappointed for a further three-year term as a member of the Monetary Policy Committee with effect from 1 June 2004.