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Brazil's central bank aids debut of new SPB today
BRAZIL - The Central Bank reduced the interest rate charged banks in one-day rediscount operations from 6% to 1% a year, plus the variation of the Selic basic interest rate.
BOK encourages payments made via internet
SOUTH KOREA - The central bank is encouraging people to make payments of bills for taxes and public utility services through the Internet due to its convenience and efficiency, in the midst of banks' reluctance to handle such dealings at their windows.
Volcker seen as likely to step aside at Andersen
USA - Paul A. Volcker, the former Federal Reserve chairman sought to help embattled Arthur Andersen LLP map out a future, now looks likely to step aside, deepening the crisis within the accounting firm, Monday's Wall Street Journal reported.
G7 didn't discuss exchange rates says Duisenberg
US - Finance ministers and central bankers from the Group of Seven leading industrial nations didn't discuss foreign exchange during their meeting Saturday, "apart from the usual statements," European Central Bank President Wim Duisenberg said.
Legislation may see expanded role for Irish c bank
IRELAND - The Minister for Finance in Ireland, Mr McCreevy, has laid the foundation for the creation of a restructured Central Bank that will incorporate consumer protection and prudential regulation of the financial services sector.
Speech by Lars Nyberg of Sveriges Riksbank, 22 Apr
SPEECH - In the speech titled 'The repo rate - spring 2002' Nyberg said inflation should fall in the months ahead, but for inflation to exceed target 1 to 2 years ahead. He also said there were more 'tangible' signs that the Sweden recovery picking up.
Press Briefing with G-24 Ministers
PRESS BRIEFING - Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, Washington, D.C., 19 April.
IMF Press Conference
PRESS CONFERENCE - Transcript of a Press Conference Following The International Monetary and Financial Committee Meeting, Washington, D.C., 20 April.
Speech by J Hurley, Ireland's central bank, 9 Apr
SPEECH - In his first public speech since assuming the governor's role, Mr Hurley signalled the need for some refinement of existing regulation following the fraud at AIB's US subsidiary, Allfirst. The Bank has serious concerns about controls that failed…
Speech by Governor, Austrian Nationalbank, 9 Apr
SPEECH - In a speech titled 'The euro and European integration - an Austrian viewpoint' Liebscher called for continued adherence to the stability and growth pact throughout the euro zone. He called on euro zone countries to continue to prove their…
G7 to focus on World Bank grants, terror finance
US - The Group of Seven leading industrial nations finance ministers' meeting Friday will focus on proposals to increase World Bank grants and ongoing efforts to cut off sources of terrorism finance, a senior U.S. Treasury official said Friday.
Back from a King's vault, the lone double eagle
FEATURE - It is a $20 gold piece from 1933 that was ordered destroyed by President Franklin D. Roosevelt. Stolen from the United States Mint, it was exported for a king after the government committed the bumble of all bumbles, was contested in an…
Recent comments by Bank of England MPC members
Feature - Reflection on recent comment from the nine members of the monetary policy committee of the Bank of England, 19 April.
Central banks and asset inflation
FEATURE - A modern central bank needs to watch asset prices as well as traditional inflation.
OECD ponders action against tax havens
SWITZERLAND - Switzerland and Luxembourg could face financial sanctions if they continue to refuse to commit themselves to an international initiative against harmful tax practices.
Russia issues world cup commemorative coins
RUSSIA - The Central Bank 5 May will introduce commemorative gold and silver coins in denominations of 3 and 50 rubles to commemorate this summer's World Cup football (soccer) finals in Japan and South Korea.
Euro position remains cautious - UK chancellor
UK - The five economic tests which will be used to measure whether it is in Britain's interests to join the euro mustn't be fudged, Chancellor of the Exchequer Gordon Brown said Friday.
Zimbabwe to target money supply growth
ZIMBABWE - Concerted action aimed at curtailing monetary growth and increasing the output of goods and services in the economy is vital if a sustainable reduction in inflation to levels that promote investment and growth is to be achieved, warns the…
Fed's Minehan sees e-payments change as inevitable
US - The shift in the financial payments and settlements system to electronic transactions is proceeding apace, and the U.S. central bank is embracing that change, Cathy Minehan, the president of the Federal Reserve Bank of Boston, said on Tuesday.
Argentina "very close" to IMF accord - Report
ARGENTINA - Argentina's economy will shrink even further this year, the International Monetary Fund has warned.
Press Conference on the World Economic Outlook
PRESS CONFERENCE - Press Conference on the World Economic Outlook by Kenneth Rogoff, Economic Counsellor and Director of Research, International Monetary Fund, 18 April.
IMF World Economic Outlook, April 2002
REPORT - World Economic and Financial Surveys, World Economic Outlook, Recessions and Recoveries, International Monetary Fund, 18 April.
Speech by Alastair Clark, Bank of England, 16 Apr
SPEECH - In a speech titled 'Contingency Planning and Systemic Stability' Clark discusses one aspect of uncertainty - the response to it, contingency planning and disaster recovery from the point of view of the financial sector.
Allocating Bank Regulatory Powers
RESEARCH - Research paper by Charles M Kahn of the University of Illinois at Urbana-Champaign and Joao AC Santos of the Federal Reserve Bank of New York.