Central Banking
PBOC appoints clearing bank for RMB business
The People's Bank of China has appointed Bank of China (Hong Kong) Limited as the Clearing Bank for RMB Business in Hong Kong.
St Louis Fed's Regional Economist, January 2004
The Quarterly Review of Business and Economic Conditions, The Regional Economist, January edition from the St Louis Fed includes the article "Another jobless recovery" which asks whether the U.S. economy is undergoing fundamental changes.
Reserve Bank of New Zealand Bulletin, Dec 2003
The Reserve Bank of New Zealand has published its quarterly Bulletin for December 2003. The December issue of the Bulletin contains three articles, and two speeches delivered over recent months by the Bank's Governor.
Finance chiefs to meet in Florida on February 6
G7 finance chiefs and central bank governors will meet in Florida for a two-day summit from February 6, the US Treasury has announced.
Source says BOJ spent Y3 trln in intervention
Japan, worried that a strong yen could hurt an export-led recovery in its economy, spent about three trillion yen ($28.3 billion) in the first two days of this week to hold the currency down, market sources said on Wednesday 7 January.
Court battle may loom over EU Pact
EU finance ministers reportedly acted illegally when they suspended EU budget rules to spare France and Germany disciplinary action over their excessive deficits.
Regulatory reform may face delay in Italy
The Italian government is unlikely to debate a regulatory reform bill this week and instead will wait for Parliament to finish an investigation, a minister said.
Counterfeit money major concern for SEACEN
Money counterfeiting has become a central issue for member countries in the South East Asian Central Bank (SEACEN), Bank Indonesia (BI) Deputy Governor Maulana R. Ibrahim said on Monday 5 January.
Bernanke says current US money stance appropriate
In the speech 'Monetary Policy and the Economic Outlook: 2004' given on 4 January Ben Bernanke of the Federal Reserve said that the Fed is right to keep interest rates at the current45-year lows.
Key to good monetary policy is judgement - King
In a speech 'The Institutions of Monetary Policy - The Ely Lecture 2004' given on 4 January Mervyn King of the Bank of England sets out some key theoretical questions lying behind current approaches to monetary policy, and in particular, the nature of…
Bean on asset prices and monetary policy
In the speech 'Asset Prices, Monetary Policy and Financial Stability: A Central Banker's View' Charles Bean reviews the argument that monetary policy should react to asset price movements and/or financial imbalances over and above their impact on the…
Modified notes agreed by Russian central bank
The Board of Directors of the Russian Central Bank has given the OK to the introduction of modified 10, 50, 100, 500 and 1000 ruble notes.
Fed's Guynn says deflation threat low
Atlanta Fed President Jack Guynn said Monday the risk of wholesale price declines in the U.S. economy is now much lower.
China to further open gold market
The People's Bank of China has stopped taking in gold of purity below 99.95 percent from Chinese firms in a small step to open the precious metals sector further.
Dollar continues slide against euro
The dollar hit a new record low against the euro on Tuesday in broad selling but held on just above a three-year low on the yen, helped by rumoured Japanese yen-selling intervention.
RBI's Reddy to discuss growth and inflation
Governor Y.V.Reddy of the Reserve Bank of India said on Tuesday he will present his reassessment of the Indian economy at a trade body's annual meeting on Wednesday.
DIW calls for ECB rate cut
The DIW, one of Germany's top economic institutes, has called on the European Central Bank to cut interest rates to stimulate eurozone domestic demand.
Reddy on financial sector globalisation in India
Dr Y.V.Reddy, governor of the Reserve bank of India, talks about financial sector globalisation at the Twenty-Fifth Bank Economists' Conference held in Mumbai.
Greenspan on risk and uncertainty in mon policy
In a speech on "Risk and Uncertainty in Monetary Policy" Alan Greenspan described monetary policy is an "especially humbling" activity. He also defended his tenure as Fed chief.
Bernanke on central bank communication 'Fedspeak'
In a speech on 'Fedspeak' given on 3 January, Ben Bernanke of the Federal Reserve said the Fed could improve the US economy's performance by finding ways to make its objectives and thinking clearer.
Fed's Ferguson on lessons from productivity booms
In a speech on 'Lessons from Past Productivity Booms' given on 4 January, Roger Ferguson of the Federal Reserve said that there are signs that the impetus behind much of the recent robust gains in U.S. productivity will remain for some years.
Japan's PM says economy seeing 'bright signs'
Japanese prime minister Junichiro Koizumi said on Monday at his New Year's news conference that the country was finally emerging from its prolonged slowdown.
UAE central bank to upgrade UAESWITCH
The UAE Central Bank has announced the signing of a contract with S2 Systems to upgrade the UAESWITCH system.
Central bank officials criticise Israel's Klein
A report claims that the Bank of Israel has been shaken recently by an internal crisis which saw governor David Klein presented with a growing list of complaints from department heads.