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Moskow on Perspectives on the Economy and Banking
SPEECH - In the speech 'Perspectives on the Economy and Banking' Michael Moskow of the Federal Reserve Bank of Chicago said that while the economy's road to recovery has been bumpier than expected the accommodative monetary policy stance the Fed has put…
Egypt central bank sets new monetary policy plan
Egypt's central bank governor has announced details of instruments that would be introduced under a new monetary policy which would encourage greater transparency in the market. Earlier in October we reported that Egyptian President Hosni Mubarak was set…
US economy grew slowly in October, November
The U.S. economy remained sluggish in late October and early November, with districts cautiously optimistic about the outlook, the Federal Reserve revealed Wednesday in its regular Beige Book.
Ukrainian central bank chief under pressure to go
Rumblings at Ukraine's national bank continue as the chairman, speaking on Thursday, said he had not been asked to resign and parliament had refused presidential requests to dismiss him.
Russian premier wants relaxed currency regulation
At Thursdays meeting of the cabinet, Russian Prime Minister Mikhail Kasyanov stressed the need to liberalise currency regulation in the country. As we reported Wednesday, the proposal has divided politicians and the central bank with the latter calling…
Rand near year highs ahead of rate news
South Africa's rand hovered near 13-month highs against the dollar as investors waited for the outcome of the central bank's quarterly monetary policy meeting.
ECB may be ready to cut rates - Lucas Papademos
European Central Bank Vice-President Lucas Papademos on Wednesday gave the latest sign the bank was ready to reduce interest rates, saying the improved inflation outlook gave more room for a rate cut. The ECB Governing Council is due to meet on 5…
Rebuilding Transmission System for Monetary Policy
RESEARCH - The trouble with Alan Greenspan's handling of the economy, the Financial Markets Center suggests, goes much deeper than an ill-timed interest-rate adjustment or inaccurate staff forecast. It's embedded in the Fed's increasingly antiquated…
Federal Reserve Board - Beige Book, November 2002
REPORT - The Federal Reserve Beige Book released 27 November said that the US economy's growth in late October and November, was slow, with business conditions across all districts soft and sluggish excluding housing. Capital spending was limited,…
Santomero on the economic outlook for the US
SPEECH - In the speech 'Economic Outlook for the U.S. & Delaware' Anthony Santomero of the Federal Reserve Bank of Philadelphia said he believes the U.S. economy's future prospects are good and that the current moderately paced economic recovery will put…
Bean on the MPC the UK economy, deflation and debt
SPEECH - In the speech 'The MPC and the UK Economy: Should we fear the D-words?' Charles Bean of the Bank of England said that the recent alarmist talk of the threat of global deflation has been overdone. There are good reasons for believing that the US…
ECB Press Release
PRESS RELEASE - European Central Bank launches international architectural competition, 26 November.
Law on Yugoslav National Bank dismissed
Yugoslav Parliament Chamber of Citizens on Wednesday dismissed the Yugoslav National Bank Bill which regulates the issue of prices, monetary policy and bank control.
Polish central bank cuts interest rates
Poland's central bank decided Wednesday to lower key interest rates, its eighth cut this year in response to record low inflation and the country's sluggish economy. Last month the central bank cut rates and said at the time that the rate cutting cycle…
BOJ to consider all possible easing measures
Bank of Japan board member Hidehiko Haru said Wednesday the central bank would consider all possible easing measures, including unorthodox steps, if economic and financial conditions warrant such a move. The Bank is under great pressure to get the…
ECB worried inflation hasn't slowed with economy
The European Central Bank is concerned that inflation in the euro zone hasn't slowed as much as growth has this year, Chief Economist and Executive Board member Otmar Issing said in a newspaper interview.
Mervyn King named next governor of Bank of England
The announcement was made on Wednesday that Sir Edward George will be replaced by the current deputy governor for monetary policy, Mervyn King when Sir Edward steps down in June 2003.
Biography - Mervyn Allister King
Mervyn King is the Deputy Governor of the Bank of England responsible for monetary policy, and a member of the Monetary Policy Committee.
Bank of England Press Release
PRESS RELEASE - Following the announcement that Mr Mervyn King will replace Sir Edward George as Governor of the Bank of England when he retires at the end of June 2003, Sir Edward welcomed the appointment on Wednesday.
Kazakh national bank to pay 50 per cent less tax
The profits tax paid to the state budget by the Kazakh National Bank will be 50 per cent down in 2002 on the 2001 figure, it was reported on 25 November, quoting the bank's chairman, Grigoriy Marchenko.
Currency regulation divides Russian officials
The proposed removal of Russia's currency controls which we reported last week seems to have set the government against the central bank who are calling for a more conservative approach.
Stelmakh says politics behind upcoming dismissal
INTERVIEW - In an interview the beleaguered Ukrainian national bank chairman Volodymyr Stelmakh says his expected dismissal is all down to politics and puts the blame firmly with former Prime Minister Anatoliy Kinakh.
Jenkins on dealing with economic shocks
SPEECH - In the speech 'How the Bank of Canada Helps Canadians Deal with Economic Shocks' Paul Jenkins reviews the ways in which the Bank of Canada protects the domestic value of the Canadian currency through the conduct of monetary policy. He then…
Hamalainen on The euro - a world currency
SPEECH - In the speech 'The euro - a world currency' Sirkka Hamalainen of the ECB said that although price stability is necessary for a healthy economy and a competitive currency, on its own it is not sufficient. She said all the Member States that have…