Monetary Policy
Speech by M Moskow, President, Chicago Fed, 9 Sep
SPEECH - In a speech titled 'Open Markets and Expanded Trade' Moskow said "the road to recovery is turning out to be bumpy". He also said that "the Fed cannot, and should not, try to smooth out every bump. Monetary policy is simply not capable of doing…
Reserve Bank of India Press Release
PRESS RELEASE - Dr. Rakesh Mohan takes over as RBI Deputy Governor, 9 September.
IMF's Kohler says crisis advice is now more humble
US - The managing director of the International Monetary Fund, Horst Kohler, said Tuesday that the IMF had "a lot to learn" about preventing financial crises.
Ministers see tough few months ahead for eurozone
DENMARK - European Union finance ministers ended talks in Copenhagen at the weekend contemplating a fraught few months for the eurozone economy.
Bank of Uganda head rebuffs banking crisis rumour
UGANDA - Bank of Uganda Governor Emmanuel Tumusiime Mutebile has firmly quashed rumours that the banking sector might again be in crisis.
Bomb blast outside Turkey's central bank
TURKEY - An explosion occurred in front of office of the central bank in the Fatih district of Istanbul at about 1140 pm on Tuesday.
Thailand's MPC leave interest rates steady
THAILAND - The Monetary Policy Committee on Tuesday left short-term interest rates unchanged, but said it would lean toward future rate cuts if overseas risks increased.
Venezuelan central bank rejects gov't criticism
VENEZUELA - The Central Bank of Venezuela (BCV) has said that it will continue its monetary policy despite criticism from the government and warned about the negative consequences a confrontation of positions would have on the exchange market.
Speech by U Backstrom of Sveriges Riksbank, 5 Sep
SPEECH - In the speech titled 'In the wake of financial turmoil' Backstrom said that the events to do with WorldCom and Enron are a part of a broader context and are directly connected with the recent years' stock-market bubble. But at a deeper level he…
Speech by Svein Gjedrem of Norges Bank, 24 Aug
SPEECH - Introduction by Governor Svein Gjedrem of Norway's central bank to the ACI Nordic Congress, Panel discussion, Goteborg, 24 August.
Presentation of the IMF's Annual Report
PRESS RELEASE - The Riksbank hereby invites you to a press meeting today, at 10:00 a.m., with Graham Hacche, Deputy Director, External Relations Department, International Monetary Fund, IMF. Mr Hacche will present the IMF's Annual Report for 2001/2002,…
The IMF and Ukraine: What Really Happened
ARTICLE - A Commentary by Lorenzo Figliuoli and Bogdan Lissovolik, IMF Resident Representatives in Ukraine, Zerkalo Nedeli, 31 August. Recently the Zerkalo Nedeli newspaper has published a number of articles disparaging of the role of the International…
Committee aid search for new BIS General Manager
PRESS RELEASE - The Board of Governors of the Bank for International Settlements (BIS) has named a committee to assist in seeking a replacement for departing General Manager Andrew Crockett. Mr Crockett has announced his intention to step down at the end…
BIS starts search for Crockett successor
SWITZERLAND - The Bank for International Settlements has started to look in earnest for a new general manager with a committee of senior central bankers outlining the criteria for a successor to Andrew Crockett, a contender to take over the reins at the…
China, US 15th session of Joint Economic Committee
US - China and the United States said Monday that strong economic performance and reduced vulnerabilities in both the US and China are vital for sustaining the global recovery that is underway.
Fed policymakers, US economic recovery on track
US - Two Federal Reserve policymakers on Monday agreed that the US economy was recovering gradually, although it has hit a few "bumps in the road".
Duisenberg rules out imminent interest rate cut
EUROPE - The president of the European Central Bank, Mr Wim Duisenberg, has ruled out any imminent cut in interest rates to accelerate economic growth across the euro zone.
BIS Quarterly Review September 2002
REPORT - BIS Quarterly Review, International Banking and Financial Market Developments, September 2002. The BIS Quarterly Review released today, 9 September, is divided into two parts. The first part analyses recent developments in financial markets,…
Letter of intent to IMF from Brazilian government
LETTER - The following item is a Letter of Intent of the government of Brazil, which describes the policies that Brazil intends to implement in the context of its request for financial support from the IMF.
Report says single currency boosts trade
UK - The creation of the euro has boosted trade between eurozone countries significantly, according to new research, reinforcing the argument that the single currency has created a more genuine single market in Europe.
Japan coalition set to unveil economic package
JAPAN - Japan's ruling coalition parties, fuming over a lack of action by Prime Minister Junichiro Koizumi's administration to prop up the ailing economy, are due to unveil their own policy package later on Monday.
Arab Monetary Fund chief lauds Lebanon, Egypt
LEBANON - Lebanon and Egypt represent a role model for other Arab countries in fighting money laundering and terror finance, the Arab Monetary Fund chief said Monday.
Rakesh Mohan takes over as RBI deputy governor
INDIA - India's former chief economic adviser, Rakesh Mohan, on Monday took over as a deputy governor of the Reserve Bank of India (RBI).
BIS-Central bankers see economy picking up in 2003
SWITZERLAND - Top central bankers expect the world economy to pick up speed next year after turmoil in financial markets has weighed on growth prospects this year, Bank of England Governor Sir Edward George said on Monday.