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Zero-inflation man debates fine points at U.S. Fed
ARTICLE - He was a loyal foot soldier in a decades-long inflation battle, vowing to seek a total victory that left no sign of the enemy. But now that some say the war is won, he finds himself debating the finer points. St. Louis Fed President William…
Zimbabwe's parallel market a necessary evil - IMF
ZIMBABWE - The International Monetary Fund (IMF) says Zimbabwe's thriving parallel currency market must be tolerated in the absence of concrete government measures to stabilise the local dollar.
Russian c bank denies stalling new currency law
RUSSIA - The Central Bank of Russia has denied suggestions that it is deliberately delaying implementation of new regulations intended to liberalize conversion of foreign currency earnings by Russian exporters.
Chile's central bank cuts rates by 75 points
CHILE - Chile's central bank said on Thursday it cut interest rates by 75 basis points to 3.25 percent in a further attempt to stimulate sluggish consumer spending.
"Anti-central bank" central banker promoted
BULGARIA - A peculiar choice has been made to replace Roumen Avramov on the Bulgarian National Bank's board of governors.
Fed Reserve Bank of Atlanta - Annual Report 2001
ANNUAL REPORT - The Federal Reserve Bank of Atlanta has published its Annual Report for the year ended 2001.
Fed Reserve Bank of Boston - Annual Report 2001
ANNUAL REPORT - The Federal Reserve Bank of Boston has published its Annual Report for the year ended 2001.
Fed Reserve Bank of Cleveland - Annual Report 2001
ANNUAL REPORT - The Federal Reserve Bank of Cleveland has published its Annual Report for the year ended 2001.
Speech by William Poole, St Louis Fed Bank, 12 Jul
SPEECH - In the speech titled 'Fed Policy to the Bond Yield' Poole said that the recent slump in U.S. stock prices was a source of pessimism, but it was not likely to throw economic recovery off track.
IMF Press Release
PRESS RELEASE - Statement by Horst Kohler, Managing Director of the International Monetary Fund, on the Work Program of the Executive Board, 12 July.
IMF Statement - Economic Policies of the Euro Area
STATEMENT - Concluding Statement of the IMF Mission on the Economic Policies of the Euro Area, (in the Context of the 2002 Article IV Consultation Discussions with the Euro-Area Countries), 12 July.
Speech by Carol Carson of the IMF, 11 July
SPEECH - Carson gave a speech titled 'International Capital Data: Needs, Projects, and Prospects' and said that in the past two and half years, she believes that significant progress has been achieved in developing internationally agreed statistical…
Deutsche Bundesbank - Annual Report 2001
ANNUAL REPORT - The Deutsche Bundesbank has published its Annual Report for the year ended 2001.
Brazil's Fraga: Expects continued IMF, G7 support
BRAZIL - Brazilian central bank head Arminio Fraga said on Thursday he expects continued support from the International Monetary Fund and the Group of Seven industrialized nations, following a meeting with top Wall Street bankers.
Stock slide ups economic uncertainty - Fed's Poole
US - St. Louis Federal Reserve Bank President William Poole said on Thursday the U.S. economy appears to be doing okay but that the prolonged stock market sell-off had made the outlook "murkier."
Bush sends Fed nominees to Senate for confirmation
US - U.S. President George W. Bush on Thursday sent to the Senate for confirmation his two nominees to the Federal Reserve Board -- Donald Kohn and Ben Bernanke, reports Reuters.
IMF and World Bank to shorten meetings
US - The International Monetary Fund and World Bank have again decided to cut short their annual meetings in Washington this year, fearing disruption by large demonstrations.
Uzbek credit unions to get 20m dollars in project
UZBEKISTAN - The Asian Development Bank, the government and Central Bank of Uzbekistan have signed a memorandum of mutual understanding on a project of development of small and micro financing, the ADB office in Tashkent said.
China's foreign exchange reserves reach 242.7bn US
CHINA - China's foreign exchange reserves reached 242.76bn US dollars by the end of June this year, up 34.2 per cent over a year earlier, according to statistics released by the People's Bank of China, the central bank, on Thursday.
Bank of Spain to close 31 branch offices by 2004
SPAIN - The Bank of Spain has decided to close 31 of its offices in as many provinces by December 2004.
Speech by Thomas Dawson of the IMF, 10 Jul
SPEECH - In the speech 'The IMF's Role in Asia: Part of the Problem or Part of the Solution?' Dawson said the regional crisis which threw formerly buoyant Asian economies into a tailspin five years ago was itself a critical acid test for the…
European Central Bank Publication
REPORT - Task force on portfolio investment collection systems, Final Report, June 2002.
Financial regulation change brought closer for EU
BELGIUM - European Union finance ministers will tomorrow discuss a radical shake-up of banking and insurance regulation in an effort to bolster Europe's defences against future financial crises.
Friedman predicts euro's end within 15 years
GERMANY - The euro system will disintegrate within 15 years because of economic and cultural differences between member states, the Nobel Prize-winning US economist Milton Friedman says today, reported the UK's Independent newspaper on Thursday.