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Inflation still main concern of ECB
GERMANY - European Central Bank council member Vitor Constancio said on 10 May that inflation still remained the bank's main concern.
Bank of England revamps its web site
UK - The Bank of England has transformed its online presence with a complete makeover to its external website and details on the Centre for Central Banking Studies handbooks.
ECB cuts interest rates by 0.5%
Summary - The European Central Bank (ECB) has made a surprise cut in its key interest rate reducing it by a quarter point to 4.5%.
Bank of England lowers base rate
UK - The Bank of England announced at 12pm on May 10 that the UK's main interest rate measure, the repo rate, would be reduced by 0.25% to 5.25%.
Central bank governor says China is stabilising
CHINA - Dai Xianglong, the governor of the central bank of China, said on 9 May that his country had made the world economy more stable.
Korea cbank expects inflation to fall
The Bank of Korea's latest inflation report enviages inflation falling to 3% in the second half of 2001
MAS to welcome more foreign banks
Tharman Shanmugaratnam, the new managaing director of Singarpore's monetary authority, has indicated that the authority plans to issue more banking licenses to foreign banks.
Chief denies Bank of Japan Governor will resign
JAPAN - Chief Cabinet Secretary Yasuo Fukuda, categorically ruled out the possibility that Bank of Japan Governor Masaru Hayami will resign soon. He was speaking on 9 May.
Klein to hold talks with Israel's prime minister
ISRAEL - David Klein, governor of the Central Bank of Israel is to meet with Ariel Sharon, the prime minister of Israel, in the next few days in an attempt to resolve the dispute which led Mr Klein to shelve a cut in interest rates at the end of April.
Sir Eddie George at the University of Zurich
SPEECH - The Governor of the Bank of England, Sir Eddie George, gave a speech at the Swiss Institute of International Studies, University of Zurich on May 7.
Fischer to leave the Fund
Stanley Fischer, the IMF's deputy managing director, announced yesterday that he would leave the fund before the end of the year.
UK poised for rate reduction
UK - The Bank of England faces pressure to cut interest rates tomorrow, May 9, as it begins its monthly two day meeting.
Bank Indonesia - Annual Report 2000
REPORT - Bank Indonesia reports that economic recovery has improved and that economic growth in the year exceeded expectation.
OECD Economic Outlook
RESEARCH - The OECD's Chief Economist, Ignazio Visco, presented the analysis and projections contained in the Economic Outlook No. 69 at a news conference at OECD headquarters in Paris on 3 May. The publication is available in English, French and German…
Polish govenor scores low in poll
Poll: Poland's central bank governor not trusted according to a poll of Polish adults
Bank must cut rates to avoid slump
UK - Britain faced warnings to cut interest rates to head off the risk of economic slowdown.
Chinese CBank announces gold market liberalisation
China's central bank governor, Dai Xianglong, has announced that the central bank is to liberalise the Chinese gold market, establishing a gold swaps market in Shanghai.
Gerashchenko gloomy on Russian banks
Interviewed in The Banker magazine (May 2001 edition) Viktor Gerashchenko, head of Russia's central bank painted a gloomy picture of the state of Russia's banking system.
Central bank denies meeting on ringgit
MALAYSIA - Malaysia's central bank has denied market rumours of any meeting or statement on the ringgit peg.
Bank of Canada report
REPORT - The Bank of Canada released its semi-annual Monetary Policy Report on May 1.
Interview with Governor of Malaysian CB
SPEECH - The Governor of the Central Bank of Malaysia gave an Interview for the Banking Supplement 2001 of The Star newspaper on 30 April 2001. The Governor gave his views on the developments, challenges and opportunities facing the Malaysian banking…
Price level convergence and inflation in Europe
A paper by John H. Rogers at the Federal Reserve "Price level convergence, relative prices, and inflation in Europe" finds evidence to support the concept of price level convergence and investigates the extent to which divergence of national inflation…
A Simple Model for Inflation in Brazil
RESEARCH - Working Paper No. 18 from the Bank of Brazil develops a model to investigate the transmission mechanism of monetary policy. The paper also describes the results of stochastic simulations designed to investigate the behaviour of various optimal…
Good news reported by latest Fed Beige Book
RESEARCH - More evidence that the US economy has turned a corner after a steep six-month slide is reported in the latest Beige Book summary of regional economic conditions.