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Meirelles tells Wall St Brazil is on right track
Brazilian Central Bank President Henrique Meirelles attempted to calm investor worries over Brazil on wednesday 21 April by stressing that the economy would meet its fiscal targets for 2004.
Fukui to visit Washington for G-7, IMF meetings
Bank of Japan (BOJ) Governor Toshihiko Fukui will visit Washington for a five-day stay from Thursday 22 April to attend weekend meetings of the Group of Seven (G-7) finance ministers and central bank chiefs, the BOJ said Wednesday.
Federal Reserve Board - Beige Book, April 2004
The Federal Reserve released its April 2004 Beige Book survey on 22 April. The U.S. economy showed "widespread" growth from mid-February through early April with only modest inflation, the survey said.
Fed Res Bank of Philadelphia - Annual Report 2003
The Federal Reserve Bank of Philadelphia has published its Annual Report for the year ended 2003. In the report President Anthony Santomero said he expects the economy will grow at a "healthy pace" and job growth will accelerate through 2004.
Canada's Dodge at H of C Finance Committee
In his opening statement to the House of Commons Finance Committee given on 21 April, David Dodge of the Bank of Canada said preliminary indications are that growth in the first quarter of this year was marginally below 3 per cent. The Bank's view, he…
Lambert: Boring Bankers - Should we listen?
In the speech 'Boring Bankers - Should we listen?' given on 22, April Richard Lambert of the Bank of England discussed the importance of good communications to modern central banks.
Padoa-Schioppa on financial markets in Asia
In a speech on 'The role of financial markets in sustaining economic growth in Asia' given on 20 April, Tommaso Padoa-Schioppa of the ECB said if it is to be expected that exchange rate flexibility is the long-term outcome of the growth process currently…
Parry on the U.S. and regional economies
In a speech on 'The U.S. and Regional Economies: A Monetary Policymaker's Perspective' given on 21 April, Robert Parry of the San Francisco Fed said interest rates will eventually need to rise "significantly" to head off inflation but the US economy can…
Germany nominates new central bank head
An economics professor, Alex Weber, is the German government's surprise choice for Bundesbank president. Government officials officially nominated the 47-year-old University of Cologne professor after a cabinet meeting on the morning of Wednesday 21…
Vigorous growth yet to produce inflation-Greenspan
Federal Reserve Chairman Alan Greenspan said on Wednesday 21 April in testimony titled "The economic outlook" that the U.S. economy is in a `vigorous expansion' that has not yet produced `broad-based' inflation pressures.
Speed of US rate rise key - Padoa-Schioppa
The risks to the US economy from a rise in US interest rates will depend on the speed at which the Federal Reserve moves, European Central Bank executive board member Tommaso Padoa-Schioppa said on Tuesday 20 April.
Stability Pact crucial for EMU says Trichet
ECB President Jean-Claude Trichet said on Dutch television that the stability pact was crucial for the European Monetary Union and that the Netherlands had taken appropriate steps to avoid a budget deficit of above three per cent.
BOJ's Suda says must tolerate rate rises
Bank of Japan Policy Board member Miyako Suda said on Wednesday 21 April that small rises in interest rates need to be tolerated because they reflect Japan's recovering economy.
Bank of England MPC Minutes 7/8 April
Minutes of the Bank of England's Monetary Policy Committee Meeting were released on 21 April for the meeting of 7 and 8 April 2004. Eight of the nine MPC members opted to keep interest rates unchanged with only deputy governor Andrew Large supporting a…
Sweden's Heikensten on financial developments
Sveriges Riksbank Governor Lars Heikensten on Tuesday 20 April spoke in Vastervik at a seminar. Besides touching upon future developments in inflation, Heikensten discussed some financial aspects.
Greenspan on the state of the banking industry
In a speech on 'The state of the banking industry' given on 20 April, Alan Greenspan of the Federal Reserve said that the United States banking system is in good shape to deal with rising interest rates and inflationary pressures will be reasonably well…
Canada's Dodge sees global rates rise in 2005
In his opening statement to the Senate Banking, Trade and Commerce Committee on 20 April David Dodge of the Bank of Canada said the main uncertainty for the outlook continues to relate to how the Canadian economy adjusts to global developments. But…
ECB's Trichet on structural reforms
In a lecture on the occasion of the receipt of the EFR-Business Week Award 2004 given on 20 April, Jean-Claude Trichet of the ECB said that European governments need to speed up economic reforms in order to improve the euro zone growth rate.
Iraq's central bank to link with 7500 institutions
The Governor of the Iraqi Central Bank Sinan al-Shibibi said that a system will be used to link with more than 7500 financial institutions in 200 countries, according to a news agency report.
Fukui: too early to consider ending easy policy
Bank of Japan Governor Toshihiko Fukui said on Tuesday that it was too early to start considering ending the central bank's super-loose monetary policy.
Rates could rise, still accommodative says MC Teer
Federal Reserve Bank of Dallas President Robert McTeer said in a television interview Tuesday the US central bank could raise interest rates and still stimulate the economy.
Austrian ECB member sees euro zone recovery
Klaus Liebscher, a member of the governing council of the European Central Bank, said Tuesday he expects the euro zone economy to recover this year.
OECD calls for eurozone interest rate cut
Eurozone interest rates should be cut by the European Central Bank, the head of the OECD suggested Monday.
Europe's beleaguered central bankers
This article from BusinessWeek says what unsettles investors isn't so much that the ECB held rates steady at its last meeting but that Trichet hinted the ECB was going to do one thing and then it did something else. It also looks at the scandals…