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High resource use a worry for Sweden's c bank
SWEDEN - The Swedish economy may be running close to or even above full resource utilisation, the governor of Sweden's central bank, the Riksbank, said on Wednesday, adding this posed risks for inflation in the future.
Kazakh gold/forex reserves up to $2.65 bln
KAZAKHSTAN - Kazakhstan's net gold and foreign currency reserves grew to $2.650 billion on April 15 from $2.625 billion on 31 March, the central bank said on Wednesday.
FX traders to kiss goodbye to settlement risk
FEATURE - Currency traders, more aware of the potential for disruption in the financial system after September 11, should draw comfort from a long-awaited settlement system linked to central banks that is due to go live this year.
Key Duma committees back three for CBR board
RUSSIA - The Duma Banking and Budget Committees supported Wednesday the candidacies of Oleg Vyugin, Andrei Kozlov and Nadezha Ivanova for the Central Bank of Russia (CBR) Board of Directors.
Polish premier calls for interest rate cut
POLAND - Prime Minister Leszek Miller said on Wednesday he hoped that the Monetary Policy Council (RPP) would support the government in implementing its economic programme by cutting interest rates.
EU Parliament committee to question Papademos
BELGIUM - European Central Bank Vice President nominee Lucas Papademos will testify before the European Parliament's Economic and Monetary Affairs Committee (EMAC) on 22 April, the Parliament said on Wednesday.
Greenspan dampens rate hike fears
US - The US Federal Reserve is expected to leave interest rates unchanged until an economic recovery in the US has gained a strong foothold, analysts said after having listened to a key speech by the Fed chairman Alan Greenspan.
Speech by U Backstrom of Sveriges Riksbank, 17 Apr
SPEECH - In the speech 'Perspective on the inflation target' Backstrom said the Swedish economy may be close to, or even above, full resource utilisation noting this posed a risks to future inflation.
Testimony of Fed Chairman Alan Greenspan, 17 Apr
TESTIMONY - In testimony to the US Congress titled 'Monetary policy and the economic outlook' Greenspan said the strength of the current U.S. economic recovery was not yet clear and praised the economy's resilience in the face of some difficulties, "but…
European Parliament Press Release
PRESS RELEASE - ECB Vice-Presidency - Nomination hearing for Lucas Papademos, European Parliament, Brussels, 22 April.
Basel Committee Publications No. 89
REPORT - Sharing of financial records between jurisdictions in connection with the fight against terrorist financing, April 2002.
Basel Committee on Banking Supervision
PRESS RELEASE - Basel Committee on Banking Supervision supports collective action to halt terrorist funding, 17 April.
Reserve Bank of New Zealand News Release
NEWS RELEASE - Official Cash Rate increased to 5.25 per cent, 17 April.
Bank of England Monetary Policy Committee Minutes
MINUTES - Minutes from the Bank of England's MPC meeting 3 and 4 April, released 17 April.
Speech by Ulrich Kohli, Swiss Nat Bank, 26 Feb
SPEECH - Kohli concludes in a speech titled 'Will the Euro Make the Swiss Franc Obsolete?' that as long as the SNB maintains an independent course of action, it will uphold the reputation of the Swiss franc as a safe and sound currency, and it will…
Speech by Masaru Hayami, Bank of Japan, 17 Apr
SPEECH - Statement by Masaru Hayami, Governor of the Bank of Japan, concerning the Bank's Semiannual Report on Currency and Monetary Control before the Committee on Financial Affairs, House of Representatives, on April 17 2002.
WGC reaffirms, central banks should not sell gold
AUSTRALIA - The World Gold Council is continuing to ask European central banks to leave their reserves alone rather than putting quantities of gold up for auction, WGC managing director Robert Weinberg said Tuesday.
Thin skin - Don't mess with Buba
FEATURE - The upcoming German elections appear to have put German Chancellor Gerhard Schroeder in a foul and vindictive mood. Some months ago, there was the chancellor's surprisingly undiplomatic "How Dare You" response to Brussels' warning that Germany…
Klein to consider his position if c bank reformed
ISRAEL - Bank of Israel Governor David Klein says he'll have to consider his future if the Bank of Israel Law governing the central bank is revised according to the Finance Ministry's proposal it is reported.
Zambia replaces c bank governor Mwanza
ZAMBIA - Zambian President Levy Mwanawasa has terminated the contract of central bank governor Jacob Mwanza with immediate effect, presidential spokesman Arthur Yoyo said on Tuesday.
BOJ voted 8-1 to maintain target on 28 Feb
JAPAN - The Bank of Japan's Policy Board, at its 28 February meeting, voted 8-1 to maintain the target for financial institutions' current account deposits at the central bank at 10 trillion to 15 trillion yen, the BOJ said Tuesday.
Japan's credit rating lowest among G-7 nations
US - Japan's credit ratings were cut to "AA-" by Standard & Poor's, the third reduction in 14 months for the world's second-biggest economy.
UK inflation edges higher
UK - New figures have shown that UK inflation edged slightly higher in March.
Ignatyev to submit nominees for central bank board
RUSSIA - Chairman of the Central Bank of Russia, Sergei Ignatyev, plans to submit three candidates for the CBR board of directors to the State Duma, lower house of parliament, in the next few days, a Duma source said on Tuesday.