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IMF Press Release
PRESS RELEASE - Argentina: Press Statement following Article IV Consultation, 8 January.
Parry on policymaking in a global context
SPEECH - In the speech 'Policymaking in a Global Context' Robert Parry of the Federal Reserve Bank of San Francisco said given the growing interdependence of national economies and macroeconomic policies, it has become increasingly important to pay…
Minutes of Japan's Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 30 October 2002, released 20 December. Consumer prices continued to decline by slightly less than 1 percent year on year. The pace of year-on-year decline in the Consumer Price Index…
Minutes of Japan's Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan's Monetary Policy Meeting on 18 and 19 November 2002, released 20 December. The nine member Policy Board considered that it was appropriate to maintain the current guideline for money market operations. Private…
Former Turkmen central banker gets 'life' - report
A report on Monday said that the former president of Turkmenistan's central bank Hudayberdi Orazov, who headed the central bank for six years from 1993 to 1999, has been given a life jail sentence (in his absence) for his involvement in the recent…
Argentina agrees IMF plan
Argentina has taken a crucial step towards securing further loans for its troubled economy by accepting an outline proposal from the International Monetary Fund (IMF).
Afghan currency strengthening - bank official
The governor of the Afghan central bank has said that following the redenomination, the value of the new Afghan currency against the dollar increased.
New face to front foreign exchange policy in Japan
Zembei Mizoguchi became Japan's new voice on foreign exchange policy Tuesday, taking on the tough task of deciding when and by how much to intervene in the market to halt a rapid rise in the yen, analysts said. Speculation also mounted that Haruhiko…
Takenaka upbeat on Japan growth after Bank reform
Japan's economy and banking minister said Tuesday the economy could eventually return to growth as high as 2.5% after a slow-growth period of painful reform. Heizo Takenaka spoke at the Australian National University and maintained pressure on the Bank…
Fed's Guynn: Probability of deflation 'very low'
Federal Reserve Bank of Atlanta President Jack Guynn said Monday the U.S. faces little chances of falling into the same deflationary trap that has ensnared Japan. His comments are broadly in line with many central bankers who have spoken in recent months…
Outsiders may fill vacuum at top of Bank of Canada
The Bank of Canada, facing a top-level retirement and the departure of its cost-cutting number two, may have to look at outside nominees to bring its management team back up to strength, analysts said on Monday.
Swiss revolt
ARTICLE - There is talk a Socialist (the first ever) might join the three-man team manning the Swiss National Bank, reported an article on Tuesday.
Sveriges Riksbank Press Release
PRESS RELEASE - Distribution of work in the Executive Board, 9 January.
Olson on banking opportunities in Indian country
SPEECH - In the speech 'Overcoming Challenges and Seizing Opportunities in Indian Country' Mark Olson of the Federal Reserve said the importance of seeking banking opportunities to foster economic development in Indian Country is underscored by the…
Ferguson on financial engineering and stability
SPEECH - In the speech 'Financial Engineering and Financial Stability' Roger Ferguson of the Federal Reserve said discusses dynamic hedging of mortgages, risk measurement systems such as value-at-risk, and credit derivatives all examples of newer risk…
Bies on North American monetary policy
SPEECH - In the speech Susan Bies of the Federal Reserve said instruments of monetary policy have changed in significant ways. In the US and some other countries, money and credit aggregates have played an especially important role as monetary policy…
Speech by Professor Otmar Issing of the ECB
SPEECH - Topic of the Year, Mitglied des Direktoriums der Europaischen Zentralbank. Closing address at the "Topic of the Year" organised by the Group of 20 + 1 in Frankfurt, by Professor Otmar Issing, Frankfurt am Main, 13 January 2003. Text only…
Issing: CPI risks balanced, downside growth risks
The European Central Bank still believes euro-zone economic growth will gradually recover this year, while inflation will slowly fall back below 2%, ECB Chief Economist Otmar Issing said in a speech on Monday.
Bank of Canada Press Release
PRESS RELEASE - Senior Deputy Governor Malcolm Knight appointed new General Manager of the Bank for International Settlements, 13 January.
Bank of Canada's Malcolm Knight appointed at BIS
After a four month search the BIS finally announced who would replace Andrew Crockett at the Bank for International Settlements on Monday. The new General Manager will represent the first non-European in the BIS's 73 year history.
Interview - McKibbin backs old friend Takenaka
INTERVIEW - In an interview given Monday Reserve Bank of Australia board member Warwick McKibbin supported his 'old friend' Japanese Economics Minister Heizo Takenaka's campaign to unite the government and central bank to fight deflation.
BOJ Hayami: Decision on successor not imminent
The appointment of the next Bank of Japan (BOJ) governor is not imminent, and it will take some time for a decision to be reached, current governor Masaru Hayami was quoted as saying on Monday. On Friday we reported how there were conflicting statements…
Report - UK on track to pass euro convergence test
The economies of Britain and the euro-zone have converged since the new euro currency was launched four years ago - and there is no sign that this general trend will end, according to a study by PricewaterhouseCoopers, the accounting firm.
BIS Press Release
PRESS RELEASE - Following a proposal by Nout Wellink, Chairman of the Board of Directors and President of the Bank for International Settlements (BIS), the Board of Directors on 13 January appointed Malcolm D Knight as the Bank's new General Manager.