Central Banking
Greenspan found learning a 'troublesome activity'
Alan Greenspan has been providing encouragement to school children, but when they asked whether rates are going up or down he replied smilingly, "Yes", according to a report from This is London.
Afghanistan cb exerts influence over provinces
Leaders in the north of Afghanistan have promised to give full assistance in implementing the central bank's orders, according to a report by the BBC Monitoring Service.
Scrutinising central bank efficiency
The Swedish Central Bank has just hosted a conference on the subject of "central bank efficiency". The workshop was organized by Marten Blix Anders Vredin, and Sonja Daltung, all of the Riksbank.
Sound economics help - Dodge speech
David Dodge identifed the Bank of Canada's inflation-targeting regime as a key stablising force for the Canadian economy. He was speaking in Berlin at the to the German-Canadian Business Club.
Forex reserves to record highs in India, Pakistan
Forex reserves in India and Pakistan have reached record highs this week, Business Line, India, reports.
Malta central bank anniversary concert
The Central Bank of Malta is to hold an anniversary concert which will include Mozart's Requiem, according to a report by MM News.
Kohler on Public-Private Partnership
Speech by Horst Kohler, Managing Director, International Monetary FundAt the Spring Membership Meeting of the Institute of International FinanceBerlin, June 4, 2003
Kreuger gloomy in Tokyo
IMF deputy managing director, Anne Kreuger brought a gloomy message to Tokyo on June 4. She commented "The outlook is for continued sluggish economic growth and for deflation to remain entrenched. At the same time, a major concern is the rapidly rising…
New York Fed has problems replacing McDonough
The New York Fed has turned to a headhunter for help to find a successor to its outgoing governor Bill McDonough, the Financial Times reports. Jamie Stewart, the bank's first vice-president, will perform his functions in the interim.
CentralBankNet Monday Special Feature
CentralBankNet looks into the Bank of England's forthcoming trial over its regulation of the now-liquidated Bank of Credit and Commerce International and finds the implications of a loss in court disturbing.
Euro rises as ECB cuts rates by 0.5%
Slowing inflation has prompted the ECB to at last cut rates by half a percentage point to 2%, after persistent pressure from the markets, Bloomberg reports. The immediate consequence was a rise in the euro.
Smits on Consitutional Position of the ECB
In his inaugural address as Amsterdam University's new professor of law of economic and monetary union, Dr Rene Smits considers the strange legal status of the European Central Bank.
Transformation of the European Financial System
Based on an ECB conference held in October, "Transformation of the European Financial System" examines how the switch to the euro has affected European financial markets.
Sterling also rises as BOE leaves rates on hold
The Bank of England left rates unchanged on Thursday, causing the pound to rise against both the dollar and the euro according to a report by Bloomberg. It was governor Sir Eddie George's last appearance on the MPC.
RBNZ lowers rates to 5.25%
Weak consumer confidence caused the Reserve Bank of New Zealand to cut the official cash rate by a quarter of a percentage point to 5.25%, Reuters reports. Although the cut was expected, some economists had predicted it would be greater.
New standards for Australia's clearers
The Reserve Bank of Australia has released two new standards to govern the Australian stock settlement systems. One is addressed towards central counterparties, the other to securities settlement facilities.
Venezuelan cb urges easing of forex controls
A director of Venezuela's central bank, Armando Leon, has pressed for the government to ease - although not to end - the country's currency control system set up four months ago, in the face of a deepening recession, according to Reuters.
International Research Forum on Monetary Policy
The Fed and ECB have announced the dates for their second international monetary research conference to be held in Washington, November 14-15 2003.
Slovakia's cb favours fast euro entry
The National Bank of Slovakia governor Marian Jusko believes joining the euro will create a "stable economic environment" and consequently favours a fast entry to the euro zone.
Interview with Mexico's deputy governor
Jesus Marcos Yacaman, deputy governor of the Mexican central bank considers the bank's current policy stance and the outlook for the peso in an interview with Bloomberg.
Lebanon cb to increase forex reserves
Lebanese central bank governor Riad Salameh intends to increase foreign exchange reserves, currently at $10.2 billion, to absorb excess liquidity owing to the government's failure to launch any Treasury bills this year, according to a report in The Daily…
Australia leaves rates unchanged at 4.75%
The Reserve Bank of Australia has now kept interest rates on hold at 4.75% for a year, the New Zealand Herald reports, as a cut in rates could further raise already worrying levels of consumer debt while a raise would damage exports.
ATM scam losses minimal says UAE cb
The UAE central bank, which has been a victim of an ATM scam, has reassured the public that "the situation is under control" and losses are not serious, according to Gulf News. The bank is taking precautionary measures.
Split in Bulgaria over nomination of cb governor
There has been disagreement among the ruling coalition in Bulgaria, according to the Bulgarian News Network, over who is to continue as governor of the central bank when current governor Svetoslav Gavriyski' term ends next Wednesday.