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BOJ's Hayami to attend BIS meeting in Basel
Bank of Japan Governor Masaru Hayami is due to visit Basel, Switzerland, from Friday to attend a meeting of the Bank for International Settlements (BIS), the central bank said.
Eurozone interest rates held steady at 2.75%
The European Central Bank on Thursday left interest rates in the eurozone unchanged following a half-point cut in December, despite a series of data which have suggested stuttering growth in the 12-nation bloc.
Trial of French bank chief suspended
The trial of French central bank governor Jean-Claude Trichet and eight others over alleged false accounting took a four-day break late Wednesday owing to problems caused by a parallel probe into the matter. The case is now expected to resume on Monday.
ECB Press Conference
PRESS CONFERENCE - Duisenberg confirmed that the recent appreciation of the euro constituted a monetary tightening which went someway to offsetting the half point interest rate cut late last year. He said the EC was right to start the excessive deficit…
Making too much of the 'right' time
LETTER - A reply to the article 'Sweden can thrive without the euro' asks the question, How can countries such as Sweden, Denmark and the UK have a constructive role in Europe unless they fully participate in a Europe-wide economic system.
New England Economic Review, Third Quarter 2002
PUBLICATION - Published quarterly by the Federal Reserve Bank of Boston, the journal examines economic and public policy issues, as researched by the Bank's economists and others. The most recent edition of the New England Economic Review contains an…
Bank of England Press Release
PRESS RELEASE - Bank of England Maintains Interest Rates at 4.0%, 9 January.
Economic Review from the Atlanta Fed Bank
PUBLICATION - The Federal Reserve Bank of Atlanta has published its Economic Review for the fourth quarter 2002. The latest edition includes an article titled 'Reserve Requirements: A Modern Perspective'. The Fed often uses reserve requirement changes,…
Taya on recent economic developments in Japan
SPEECH - In the speech 'Recent Economic and Financial Developments and Monetary Policy in Japan' Teizo Taya of the Bank of Japan said that in his opinion the Bank of Japan should not introduce an inflation target. Although efforts to increase the money…
Islamic banking conference scheduled for March
A prestigious conference on Islamic banking and finance titled 'Adapting to a Rapidly Changing Regulatory and Financial Environment' is set to take place in Bahrain. The speaker list includes three central bank governors.
Argentina complies with IMF currency restrictions
Argentina's central bank on Tuesday night fully lifted all currency market controls with the dual goal of maintaining the current price of the dollar and complying with the demands of the International Monetary Fund.
Czech national bank may adopt euro in 2007
The Czech National Bank (CNB) has put its weight behind the Finance Ministry's plans for public finance reform, saying that the country should prepare for adoption of the euro in 2007.
New bank chief vows to control Brazil's inflation
Henrique Meirelles, who took over as president of Brazil's central bank on Tuesday said a tight grip would be kept on inflation but said it might take longer than expected to meet current targets. He also reassured investors he would be backed by…
ECB's Duisenberg defends his wife in passport row
The long running saga of Gretta Duisenberg's Palestinian flag flying continues with her visit to the Israeli-occupied West Bank. She has been told she can't use her diplomatic passport for private travel but claims not to have another passport.
Germany to face warning on deficit rules breach
Gerhard Schroder will today, Wednesday, be told by Brussels officials to increase efforts to tackle Germany's economic problems as speculation increases that the country will break the euro's budget deficit rules, the stability and growth pact, for a…
Central bank to exchange Irish money indefinitely
The central bank of Ireland has said that it will continue to exchange Irish banknotes and coins into euros over the coming years.
Central Bank of Ireland Press Release
PRESS RELEASE - Central Bank to exchange Irish notes and coins indefinitely, 30 December.
ECB must act now
ARTICLE - The article says the ECB must continue to ease interest rates soon to further boost the flagging eurozone economy as the possibility of deflation in Germany is a greater danger than inflation.
Micro policies and turbulence in asset markets
REPORT - The Contact Group on Asset Prices on Wednesday released the report Turbulence in asset markets: the role of micro policies. The report explores how micro policy measures can reduce the risks of excessive and potentially destabilising asset price…
Inauguration speech by Brazil's central bank head
SPEECH - In the inauguration speech Henrique Meirelles of the Brazilian Central Bank pledged strict inflation control but said it may take longer than expected to meet current targets. He cautioned that there was no room for an imminent reduction of…
Nakahara on the challenges facing Japan's economy
SPEECH - In the speech 'The Challenges Facing Japan's Economy and the Monetary Policy Response' Shin Nakahara of the Bank of Japan said Japan must rebuild itself, taking full advantage of its accumulated stock. He describes Japan's current problem saying…
Greenspan on issues for monetary policy
SPEECH - In the speech 'Issues for Monetary Policy' Alan Greenspan of the Federal Reserve said as we focus on the dangers of bubbles, deflation, and excess capacity, the marked improvement in the degree of flexibility and resilience exhibited by our…
Argentine senate approves central bank chief
Argentine lawmakers have approved the 2003 budget and ratified the new central bank chief Alfonso Prat-Gay, helping President Eduardo Duhalde's efforts to secure an aid agreement with the International Monetary Fund.