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Polish MPC member says gov't missed reform chance

POLAND - A member of Poland's ten strong Monetary Policy Council, Boguslaw Grabowski, has said that Poland's leftist government missed a great opportunity to make deep fiscal and structural reforms in the first months after taking power last October.

Speech by Sheryl Kennedy of Bank of Canada, 5 Apr

SPEECH - In a speech titled 'The Bank of Canada's Contribution to the Canadian Economy' Kennedy said that the central bank and economy have come through some major international financial disturbances recently and some valuable lessons have been learned…

Speech by Eva Srejber of Sveriges Riksbank, 9 Apr

SPEECH - In the speech titled 'Experiences from the cash changeover in the euro area' Srejber says we have alot to learn from the twelve countries who have already implemented the introduction of the euro and this will be of considerable assistance in…

Russian c banker in court for abuse of office

RUSSIA - The Zamoskvoretskiy intermunicipal court in Moscow begins proceedings in the criminal case involving Aleksandr Alekseyev, deputy head of the Russian Central Bank's main territorial directorate for Moscow, ITAR-TASS reports.

Greenspan's heir apparent stays cryptic

FEATURE - Judging by his refusal to provide a direct answer to a straightforward question, John Taylor is on track to become the next chairman of the US Federal Reserve writes Stephen Romei in The Australian on Monday.

Korean financial supervisory system to be assessed

SOUTH KOREA - The International Monetary Fund (IMF) and the World Bank are expected to evaluate Korea's progress in establishing effective frameworks for supervising banks, insurers and securities firms during a 14-day assessment program on the country's…

Bank's inner circle and its Outer Mongolia

FEATURE - The Bank of England is the City's Kremlin. From time to time figures appear on the balcony above its windowless walls, and the watchers must try to calculate whose stock is up and who has been posted to Outer Mongolia. There is no doubt that…

Russian gov't seeks central bank draft law changes

RUSSIA - The Russian government will press for a revision of a number of amendments to the draft law on the Central Bank the State Duma (lower house) proposed Friday, Deputy Prime Minister and Finance Minister Aleksey Kudrin has said.

Chicago Fed National Activity Index

REPORT - The Chicago Fed National Activity Index (CFNAI) rose to +0.04 in February, moving out of negative territory for the first time since June 2000. The three-month moving average index, CFNAI-MA3, also improved in February, increasing to -0.28, its…

Poland's c bank intends to cut mandatory reserves

POLAND - Poland's central bank NBP intends to decrease the level of mandatory reserves to 2% from the current 4.5% with the aim of adjusting the Polish system in line with EU standards, according to the NBP's task schedule for 2002-2004.

WGC responds to speculation on Buba gold reserves

GERMANY - The World Gold Council has responded to speculation arising out of recent statements made by the President of Germany's Bundesbank and others by giving its reasons why the Deutsche Bundesbank should continue to hold its gold reserves.

Speech by J Alfred Broaddus, Richmond Fed, 4 Apr

SPEECH - Richmond Federal Reserve President Alfred Broaddus said in a speech titled 'Comments on the Changing Economic Outlook' on Thursday the U.S. economic outlook is "considerably" better than six months ago, but that final demand is crucial for…

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