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Deutsche Bundesbank Monthly Report, May 2002
REPORT - Germany's central bank has released its Monthly Report for May 2002.
Speech by Svein Gjedrem of Norges Bank, 17 Jun
SPEECH - Gjedrem said in a speech titled 'The Norwegian economy and monetary policy' that the Norwegian economy displays a number of strong features. Government finances are solid and foreign trade is performing well. Household finances are generally…
Minutes of the Federal Open Market Committee
MINUTES - The Federal Reserve Board on Thursday released the minutes of its Federal Open Market Committee Meeting of 7 May 2002, released 27 June.
Speech by Eduardo Aninat, Dep MD, IMF, 20 Jun
SPEECH - In a speech titled 'The Economic Foundations of Peace in Colombia' Aninat said it was his sincere hope that the new administration will be able to find ways to mobilize the multiple talents and goodwill of the Colombian people, and put the…
European Central Bank Publication
REPORT - Task force on portfolio investment collection systems, Final Report, June 2002.
IMF - Polish central bank has room for more easing
US - The Polish central bank has room to ease monetary policy further, after its half percentage point rate cut on Wednesday, the IMF said, with some IMF directors urging a more ambitious rate cut strategy.
Black rivals aim to take the shine off gold cards
UK - When it comes to credit cards, black is the new gold reported Tuesday's Financial Times. National Westminster Bank has launched the first of a new class of premium cards aimed at the country's highest earners and designed to leave the gold card…
Malaysia to introduce smart cards next year
MALAYSIA - While commercial banks will reimburse those who had money illegally withdrawn from automated teller machines, Bank Negara has directed banks to replace magnetic strips with chip technology from next year.
Brazil may widen inflation target's 2 point band
BRAZIL - The finance ministry and the central bank may decide to widen the existing two-percentage points leeway above the inflation target set by the central bank, financial daily Valor Economico reported.
Russian Duma overrides bank law veto
RUSSIA - Russia's State Duma has overridden the Federation Council's veto on the law on the Central Bank [CBR], with 389 deputies voting for the original version of the bill, while 300 votes would be enough to make the decision.
South Korean central bank to open office in China
SOUTH KOREA - The Bank of Korea has agreed to set up a representative office in Beijing, China, with its Chinese counterpart, the People's Bank of China, the Korean central bank said Thursday.
Argentine central bank may issue up to 7 bln pesos
ARGENTINA - The central bank's new chairman, Aldo Pignanelli, has drafted a new monetary plan under which the central bank will issue up to 7 bln pesos to rescue commercial banks experiencing liquidity problems, newspaper Clarin reported.
27th Annual Economic Policy Conference
CONFERENCE - Federal Reserve Bank of St. Louis, Finance and Real Economic Activity Conference, 7-8 November 2002.
Bank of England Financial Stability Review
REPORT - Bank of England Publishes Financial Stability Review, Issue 12, June 2002, 27 June.
ECB statistical press release
PRESS RELEASE - Monetary developments in the euro area, May 2002 released 27 June.
Meet Europe's Next Central Bank Chief
ARTICLE - He's Frenchman Jean-Claude Trichet, who has already been ordained to succeed Wim Duisenberg at the ECB in July 2003 reports BusinessWeek Online.
Federal Reserve Board Press Release
PRESS RELEASE - The Federal Open Market Committee decided today to keep its target for the federal funds rate unchanged at 1 3/4 percent, 26 June.
Reserve Bank of New Zealand Bulletin, June 2002
REPORT - The Reserve Bank released the June 2002 issue of the Reserve Bank of New Zealand Bulletin on Thursday.
Speech by Edward George, Bank of England, 26 Jun
SPEECH - In his annual Mansion House speech George gave a strong signal that interest rates would not be raised at next week's meeting of the Bank of England's monetary policy committee and welcomed the fall in the pound against the euro.
Mexico's assets and reserves increasing
MEXICO - The Banco de Mexico has announced that Mexico's net international assets rose to $45.277 billion on June 21 from $44.781 billion on June 14. It also said that its international reserves were at $42.107 billion, up from $41.961 billion the week…
Ignatyev wants stronger ruble
RUSSIA - Sergei Ignatyev, chairman of the Central Bank of Russia, on Tuesday reaffirmed his desire for a stronger ruble, saying that the bank is adopting a policy that implies a "gradual inflation decline and a certain appreciation of the ruble to…
BOJ intervenes again to defend tumbling dollar
JAPAN - The Bank of Japan intervened three times overnight to bolster the dollar, spending an estimated $5 billion. This intervention, its sixth daily dollar-buying move since late May and the second this week, was in reaction to the dollar's decline…
RB of New Zealand criticised by finance minister
NEW ZEALAND - The Reserve Bank of New Zealand's management of monetary policy came under attack from the country's finance minister Michael Cullen today when he alleged that it was failing to interpret the bank's written policy agreement with the…
Ahady plans new currency for Afghanistan
AFGHANISTAN - The new head of the Afghan central bank, Anwar Ahady, has announced his plans to increase the nominal value of the afghani by a thousand with a view to promoting financial stability and attracting foreign investment.