Central Banking
Interview with National Bank of Ukraine's Tyhypko
INTERVIEW - In an interview with Ukrainian TV the National Bank of Ukraine chairman Serhiy Tyhypko spoke of his first foreign visit as the NBU head to Moscow which he says will help to understand one of Ukraine's major trading partners better.
Interview with Nobuyuki Nakahara
INTERVIEW - Currently an adviser to Japan's Financial Services Agency Nobuyuki Nakahara is a favourite to land the job of governor of the Bank of Japan in March. In the interview he said the introduction of a 1-3 per cent inflation target would serve as…
IMF Press Release
PRESS RELEASE - IMF Approves Transitional Stand-By Credit Support for Argentina, 24 January.
ECB Press Release
PRESS RELEASE - Biannual information on the counterfeiting of the euro, 23 January.
Brazil's central bank chief 'slips up' in Davos
While central bankers sometimes make the odd slip up it is not usually meant literally. But the World Economic Forum in Davos spelt bad news for Henrique Meirelles who has slipped on ice and broken his ankle CentralBankNet hears.
Hungarian central bank council member resigns
Gabor Oblath, a member of the National Bank of Hungary's rate setting Monetary Council will resign from his post Monday, the prime ministers office said.
Ukraine not to join Russian rouble zone - c bank
Ukraine is neither going to join the rouble zone nor has it received any relevant proposal from Russia, the chairman of the National Bank of Ukraine, Serhiy Tyhypko, has said in Moscow.
Koizumi moves away from inflation target idea
More LDP members oppose plans to have the Bank of Japan set price-increase goals. Japanese Prime Minister Junichiro Koizumi is shying away from promoting inflation targets to fight falling prices amid rising calls from within the ruling party for Japan…
GCC single currency 'need not be pegged to dollar'
The GCC single currency to be launched in 2010 will be pegged to only one currency - but it may not necessarily be the U.S. dollar, Sultan bin Nasser Al Suwaidi, UAE Central Bank governor said Sunday.
IMF says ECB shows mediocre market predictability
The International Monetary Fund has criticised the European Central Bank for confusing markets and said it was less predictable than its central bank peers, the U.S. Federal Reserve and the Bank of England.
ECB's Fazio thinks Iraq crisis will hurt recovery
European Central Bank council member Antonio Fazio said a war with Iraq, as well as increasing the chance of terrorist attacks, may hamper an economic recovery.
Bank of Japan Monthly Report, January 2003
REPORT - The Bank of Japan published its Monthly Report of Recent Economic and Financial Developments, January 2003, on 24 January. In its report the Bank maintained its assessment of the economy for the second straight month but warned of risks from…
Gjedrem on role and effects of monetary policy
SPEECH - In the speech 'Perspectives on the role and effects of monetary policy' Svein Gjedrem of Norges Bank said commodity-exporting countries tend to experience wide fluctuations in their exchange rate. Norway must be prepared, he said, for…
Bollard on making sense of a rising exchange rate
SPEECH - In the speech 'Making sense of a rising exchange rate' Alan Bollard of the Reserve Bank of New Zealand said however much we can understand, after the event, what has driven the exchange rate, neither economists and central bankers (nor anyone…
Deutsche Bundesbank Monthly Report, December 2002
REPORT - The Bundesbank said in its December 2002 monthly report that in the summer months, output showed only a slight increase but in terms of domestic demand, households' consumption picked up in particular. The retail trade benefited very little from…
Bank of Canada Monetary Policy Report Update
REPORT - The Bank of Canada on Thursday released its Update to the October Monetary Policy Report. These reports discuss economic and financial trends in the context of Canada's inflation-control strategy.
Dodge on the Monetary Policy Report Update
SPEECH - In his opening statement on the release of the Bank of Canada's Monetary Policy Report Update David Dodge suggested Canadian interest rates would need to rise to return inflation to the 2 per cent target over the medium term.
Fed's McTeer says new recession unlikely
Dallas Federal Reserve Bank President Robert McTeer said on Thursday the U.S. economy was unlikely to fall back into recession, saying the stage for continued growth is "set reasonably well."
Hayami, Japan's inflation target a reckless gamble
Japan's central bank governor Masaru Hayami said Friday the setting of an inflation target for Japan in an attempt to stop the long slide in prices would be a "reckless gamble". The comment comes at a time when the BOJ has faced pressure from some…
Russian central bank may increase euro reserves
The Russian central bank, which has foreign currency reserves largely denominated in dollars, may increase its holdings of euros, deputy chairman Oleg Vyugin was quoted as saying.
Central banks sign cooperation agreement
Greece's central bank governor, Nikos Garganas, and his Romanian counterpart, Constantin Isarescu, were due to sign in Bucharest Friday a memorandum of cooperation in the two countries' exercise of supervision competences over commercial banks operating…
Canada's Dodge warns of rising inflation
Bank of Canada governor David Dodge warned Thursday that inflation pressures are greater than expected and that the inflation rate could hit an 11-year high of 4.5 per cent this winter.
Belarus to adopt rouble for non-cash settlements
Belarus is going to adopt the Russian rouble for non-cash settlements from 1 July 2003 the chairman of the Belarusian central bank, Pyotr Prakapovich said.
UK's pro-euro campaigners face tough task-report
A new report published by the Foreign Policy Centre suggests strong public backing for euro membership is unlikely to emerge for the foreseeable future unless there is a vigorous campaign for entry.