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Speech by Svein Gjedrem, Norges Bank, 11 June
SPEECH - In a speech titled 'Monetary policy and wage growth', Svein Gjedrem, governor of Norges Bank, addresses the general assembly of the Employers' Organisation NAVO, 11 June 2002.
Federal Reserve Board - Annual Report 2001
ANNUAL REPORT - The Federal Reserve Board has published its Annual Report for the year ended 2001.
Speech by A Santomero of Philadelphia Fed, 13 June
SPEECH - 'The U.S. Experience with a Federal Central Bank System', a speech delivered by Philadelphia Fed president Anthony Santomero at a conference in Vienna in which he explains the Fed's success and survival by its constant evolution and its dual…
Minutes of BOJ monetary policy meeting, 30 April
MINUTES - Bank of Japan has released the minutes of the Monetary Policy Meetingon April 30 2002. The vote was unanimous.
ECB survey on bond markets and interest rates
SURVEY - The ECB has published a survey which provides an overview of the capital market structures of the EU accession countries, in particular in relation to the bond markets and interest rates.
Brazil lands $10bn loan from IMF
BRAZIL - After nearly a week of falling currency, stock and bond markets, Brazilian central bank president Armenio Fraga and finance minister Pedro Malan announced that the country would tap into $10 billion of IMF loans. The World Bank also joined in…
China's cb says reform needed in commercial banks
CHINA - The governor of the People's Bank of China, Dai Xianglong, has reiterated the need for Chinese state-owned commercial banks to reform their management and risk control practices. He said the banks need to develop and implement business plans that…
Cautious optimism on recovery from Fed's Ferguson
SWEDEN - Federal Reserve Board vice-chairman Roger Ferguson delivered a buoyant appraisal of the US economy in an interview published in Swedish newspaper on Friday. "I am cautiously optimistic about the US cyclical development. A recovery is on its way…
Japan's recession is coming to an end says Hayami
JAPAN - Bank of Japan governor Masaru Hayami said on Friday that the recession which started 20 months ago is coming to an end, adding that he was watching the impact of strong exports and output on the country's non-manufacturers and households.
Korea's reserves continue to grow
KOREA - Bank of Korea governor Park Seung said yesterday that the central bank expects the nation to become the world's fourth largest holder of foreign reserves by the end of the year. The central bank will therefore continue to increase the level of…
Nigerian cb under investigation for fraud
NIGERIA - The Central Bank of Nigeria is under investigation for all the cases of fraud, corruption and mismanagement levelled against it and the banking system following an order by the House of Representatives.
Is It Possible to Predict the Future?
ARTICLE - William Poole, president of the St Louis Fed, has given his opinion on economic forecasting in an article called 'Is It Possible to Predict the Future?'
Central Bank of Ireland - Annual Report 2001
ANNUAL REPORT - The Central Bank of Ireland has issued its annual report for 2001.
Swiss National Bank - Annual Report 2001
ANNUAL REPORT - The Swiss National Bank has issued its annual report for 2001.
ECB Monthly Bulletin, June 2002
REPORT - The European Central Bank has issued its Monthly Bulletin for June 2002.
Lars Heikensten new Governor at Riksbank
PRESS RELEASE - The General Council of the Riksbank were today unanimous in their appointment of Lars Heikensten as new Governor of the Riksbank to succeed Urban Backstrom. Heikensten was appointed for a period of six years with effect from 1 January…
IMF mission arrives in Argentina
ARGENTINA - An International Monetary Fund mission landed in Argentina on Thursday to discuss the possibility of resuming billions of dollars in credit after a six-month freeze, which could open the door to other aid sources and help stop contagion to…
ECB raises inflation forecast
GERMANY - The European Central Bank on Thursday raised its projection for inflation this year, underlining pessimism about prices that suggests the bank may raise interest rates later this year.
Philippine cb should lobby for more power says IMF
PHILIPPINES - The International Monetary Fund is pressing the Bangko Sentral ng Pilipinas, the central bank in the Philippines, to lobby for changes in the country's banking laws in a bid to strengthen the central bank's supervisory powers over banks.
No threat to cb independence says Polish president
POLAND - Alexander Kwansniewski, the president of Poland, in suporting anammendment to bring the bank act in to line with EU standards, offeredreasurrance over the National Bank's independence: "I cannot see any threats to the independence of the central…
Thai cb to share massive debt burden
THAILAND - The central bank is set to share responsibilty with the government for the bonds issued to cover losses for the state's financial rescue fund. Sommai Phasee, deputy permanent secretary at the Ministry of Finance, made the announcement today in…
Federal Reserve Beige Book, June 2002
REPORT - The Federal Reserve has issued the Beige Book for June, which states that overall economic activity expanded at a moderate pace in late April and May. The tone was one of modest but uneven growth, with some major sectors showing signs of…
Speech Wim Duisenberg, ECB president, 13 June
SPEECH - In a speech on 'The euro as a catalyst for integration and competition in EMU', Wim Duisenberg talks about the link between European integration and the euro, explaining the need for further structural reforms and their importance for the smooth…
Bank of Japan Monthly Report, June 2002
REPORT - The Bank of Japan has published its Monthly Report of Recent Economic and Financial Developments for June 2002. The full English translation will be available on June 14.