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Brazil easily beats IMF primary surplus goal in H1
BRAZIL - Brazil posted a primary budget surplus of 30.42 billion reals ($12.47 billion) in the first half of the year, sharply beating an IMF-agreed target for the surplus with 8.9 billion reals to spare, the Central Bank said today, 30 July.
Bulgaria c-bank fx reserves down on Brady payment
BULGARIA - The foreign exchange assets of the Bulgarian National Bank's (BNB) Issue Department fell by a net 167.3 million euros ($146.3 million) after Bulgaria paid coupon on its Brady bonds, a central bank official said on 30 July.
Central Europe govt's on collision with c-banks
CZECH REPUBLIC - With elections due in all three of central Europe's leading economies in the next year, governments seeking to raise public sector spending risk bruising rows with their central banks.
Strains in the eurozone
ARTICLE - The Financial Times in London published an article on 30 July by Christopher Taylor, a visiting fellow at the National Institute of Economic and Social research. He was chief adviser in the European division of the Bank of England.
The Origins and Evolution of Central Banking
SPEECH - President and Chief Executive Officer of the Federal Reserve Bank of Cleveland, Jerry Jordan, at the Central Bank Institute Conference, Renaissance Cleveland Hotel, Cleveland, Ohio, 21 May.
Emerging markets - round up the usual suspects
CENTRALBANKNET'S SPECIAL REPORT - A little local difficulty or the beginning of a global shake-down? First Turkey, then Argentina - next stop Brazil? Or south-east Asia? The omens are not good as emerging markets from Poland to Pretoria feel the effect…
IMF accord enters calculation stage
UNITED STATES - The Brazilian delegation in Washington keeps making ambiguous statements on the possibility of a new accord with the IMF but, according to a source at the IMF, they are "making their calculations".
ECB estimates new reserve target at 127 bn euros
GERMANY - The European Central Bank said on 27 June its estimated reserve requirement for the current maintenance period was 127.0 billion euros.
Russian central bank says monetary base rose
RUSSIA - Monetary base rose to 614.1 billion rubles as of 23 July which is up 0.2% from 613.1 billion rubles as of 16 July, the Central Bank of Russia said in a report on 27 July.
Philippine c bank may cut reserve requirements
PHILIPPINES - Philippine Central bank Governor Rafael Buenaventura said today, 27 July, that as the economy picks up later in the year the liquidity reserve requirements of banks would be lowered to channel more funds into the economy.
Singapore sets new liquidity levels for banks
SINGAPORE - The Monetary Authority of Singapore (MAS) today, 27 July, moved to introduce a new risk-based liquidity supervision system for banks, which will increase their flexibility to manage funds but may not immediately boost profits, analysts said.
Peru's new finance minister sees changes at c bank
PERU - Incoming Finance Minister Pedro Pablo Kuczynski said on 26 July that former central bank chief Richard Webb will likely become the new president of the Central Reserve Bank of Peru.
Five months to E-day and euro use still limited
EUROPE - Five months before the introduction of euro notes and coins, the use of the single currency remains limited in almost every country in the 12-nation eurozone, the European Commission warned yesterday, 27 July.
Blair and Brown set euro vote timetable
UK - Tony Blair and Gordon Brown have drawn up a timetable for a euro referendum and are preparing to make a judgment, probably next year, about whether to call one, reports the Financial Times in London, 27 June.
Paper - Reserve Bank of Australia 2001 Conference
RESEARCH - A paper titled 'The Case for Inflation Targeting in East Asian Countries' was presented at the RBA's 2001 conference, Future Directions for Monetary Policies in East Asia.
Paper - Reserve Bank of Australia 2001 Conference
RESEARCH - A paper titled 'Three Perspectives on an Australasian Monetary Union' was presented at the RBA's 2001 conference, Future Directions for Monetary Policies in East Asia.
Meyer Testimony - Federal deposit insurance reform
SPEECH - Federal reserve Board Governor Laurence H. Meyer testified on 26 July before the Subcommittee on Financial Institutions and Consumer Credit of the Committee on Financial Services, U.S. House of Representatives.
Paper - Reserve Bank of Australia 2001 Conference
RESEARCH - A paper titled 'Setting Monetary Policy in East Asia: Goals, Developments and Institutions' was presented at the RBA's 2001 conference, Future Directions for Monetary Policies in East Asia.
Chinese c bank formulates financial insolvent law
CHINA - Wu Xiaolin, the vice president of the People's Bank of China, recently declared that foreign financial organisations will come to Chinese markets after China's entry into WTO. It will make the competition in the financial industry more violent…
Fed's Ferguson takes oath for new term
UNITED STATES - After spending two years in political limbo, U.S. Federal Reserve Vice Chairman Roger Ferguson was sworn in today, 26 July, for a second term on the U.S. central bank board, the Fed said.
S.African central bank says launching MPC review
SOUTH AFRICA - South Africa's central bank said today, 26 July, it was launching a review of the operations of its 14-member monetary policy committee (MPC) which would be completed by the end of September 2001.
EU want equality of charges for payments
ARTICLE - EC news release, 25 July, Commission proposes principle of equality of charges for domestic payments and cross-border payments in euros.
IMF and World Bank to ease debt rules
US - International finance officials are meeting in Washington today, 26 July, to look at ways to overhaul and simplify the strings attached to the loans they make to poor countries.
Costello taps Warwick McKibbin for RBA board
AUSTRALIA - Australian Treasurer Peter Costello said today, 26 July, he appointed academic Warwick McKibbin as a member of the Reserve Bank of Australia's board.