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Norges Bank's press conference
PRESS CONFERENCE - Monetary policy meeting of Norges Bank's Executive Board, 22 May.
Minutes of Japan's Monetary Policy Meeting
MINUTES - Bank of Japan Monetary Policy Meeting Minutes from the meeting of 10 and 11 April, released 24 May.
ECB Working Paper Series
RESEARCH - Modelling the daily banknotes in circulation in the context of the liquidity management of the European Central Bank, by Alberto Cabrero, Gonzalo Camba-Mendez, Astrid Hirsch and Fernando Nieto, May 2002, (ECB Working Paper No. 142).
European Central Bank Press Release
PRESS RELEASE - Seminar of the Eurosystem and Latin American central banks to be held in Madrid, on 23 and 24 May 2002, 22 May.
Weak kwacha forces Zambian cb to trade in dollars
ZAMBIA - Zambians have begun trading in US dollars because of the instability of the kwacha, the local currency that has recently plunged against major currencies, the new central bank governor Caleb Fundanga said on Wednesday.
Malaysia's cb governor says growth will continue
MALAYSIA - After two consecutive quarters of negative growth, the Malaysian economy turned around to record a healthy 1.1% growth in the first quarter of this year. Growth was driven by the strong consumption and improved external demand, said Bank…
S Korea economy strong but no rate rise says BoK
SOUTH KOREA - South Korea's economy roared ahead in the first quarter on soaring consumer demand, helping send its currency to 15-month highs, but Bank of Korea governor Park Seung ruled out any immediate policy moves to cool one of Asia's hottest…
BoJ may intervene again as yen continues to rise
JAPAN - The yen drifted higher in Asian trading Thursday, one day after the Bank of Japan intervened in the currency markets to stem the yen's surge. The central bank warns that it may step into the markets again to keep the yen from gaining too much…
Rupee hits new low on war fears
INDIA - The rupee hit a new closing low against the dollar as war fears persisted and the Indian and Pakistani armies continued to trade fire across the border. The central bank did not intervene on Thursday.
Wellink confident about global economy
NETHERLANDS - Dutch central bank president Nout Wellink believes the global economy is ripe for a recovery after a slowdown last year, although Japan's economy and the US current account deficit pose downside risks.
New York Fed's Economic Policy Review, Vol. 8
CONFERENCE - Proceedings of a conference on 'Financial Innovation and Monetary Transmission' sponsored by the Federal Reserve Bank of New York, April 5 and 6, 2001. The overral finding is that financial innovation, the evolving behaviour of firms, and…
The effect of US interest rates on Hong Kong
RESEARCH - Hong Kong Monetary Authority has released a report on 'Macroeconomic Implications of US Interest Rates for Hong Kong'.
Speech by Dr Wellink, Nederlandsche Bank, 17 May
SPEECH - In a speech titled 'Monetary unions in Europe and the US - just how different are they?', given at the Institut International d'Etudes Bancaires, Amsterdam, Dr A.H.E.M. Wellink compares monetary policy in the euro area and in the US. He examines…
President of Dutch cb introduces annual report
PRESS RELEASE - The President of De Nederlandsche Bank, Dr. A.H.E.M. Wellink, gives an introduction for a press conference on the bank's Annual Report 2001.
Speech by Mervyn King, Bank of England, 22 May
SPEECH - In a speech titled 'The Monetary Policy Committee Five Years On' delivered to the Society of Business Economists in London on 22 May, Mervyn King, Deputy Governor of the Bank of England, ponders the role and record of the MPC. Why give the power…
BoJ Monthly Report May 2002 - Full Version
REPORT - Full English translation of the Monthly Report of Recent Economic and Financial Developments from the Bank of Japan, May 2002, released 23 May. It says: "The pace of deterioration in Japan's economy has moderated, with production starting to…
Norges Bank keeps interest rates unchanged
NORWAY - Interest rates were left unchanged at Norges Bank's Executive Board meeting on 22 May. Norges Bank's key interest rate, the sight deposit rate, remains at 6.5%.
Testimony of Fed Governor Mark Olson, 22 May
SPEECH - Mark Olson gives a speech titled 'The European Union's Financial Services Action Plan' to the Committee on Financial Services, U.S. House of Representatives.
Bank of England - Annual Report 2002
ANNUAL REPORT - The Bank of England has published its Annual Report for the year ended 2002.
IMF Press Release
PRESS RELEASE - IMF Managing Director meets Argentine Economy Minister, Board extends repayment of SRF, 21 May.
Gold price rises on war fears
INDIA - Fears of a military conflict between India and Pakistan pushed the price of gold to a 27-month high in trading on Wednesday.
Sweden 'not ready' for euro - Report
SWEDEN - Sweden is not yet ready to join the euro because its currency is too unstable and the central bank not independent enough from the government, the European Commission has said.
Fed's Olson: Banking industry is sound
US - Federal Reserve governor Mark Olson on Tuesday said the U.S. banking system is sound, but cautioned that weaknesses could come to light now that the economy has pulled out of recession, the first in a decade.