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Amendment of BI law to be completed soon
INDONESIA - The House of Representatives and government officials are expected to finish debate over the amendment of the central bank law within two weeks.
RBI panel moots pool of bank directors
INDIA - The Reserve Bank of India's (RBI) consultative group of directors of banks and financial institutions has recommended creating a pool of independent directors - approved by the RBI - to join various bank boards.
Welteke: Past rate cuts will still show effect
GERMANY - Current price developments in the euro zone are "positive", but past interest rate cuts have yet to fully show their effect, Deutsche Bundesbank President Ernst Welteke said Wednesday.
BofE's George gives evidence at Treasury Committee
FEATURE - Giving evidence to the UK House of Commons Treasury Committee on Thursday, Sir Edward George, Governor of the Bank of England, said he anticipates recovery for the UK economy but that it would be slow.
South African gold output falls sharply
SOUTH AFRICA - South African production of gold slipped by more than 8% in 2001, the Chamber of Mines of South Africa has reported.
Pakistan's central bank governor doing 'fine'
PAKISTAN - Following on from a heart attack scare recently we learn that Dr Ishrat Husain is now doing fine.
Argentina debates crisis budget
ARGENTINA - Argentine leaders are on Thursday expected to debate an austerity budget aimed at finding a way out of the country's economic crisis.
Federal Reserve Board Press Release
PRESS RELEASE - The Federal Reserve Board announced on Wednesday that the Consumer Advisory Council will hold its next meeting on Thursday, March 14. The meeting will take place in Dining Room E, Terrace level, in the Board's Martin Building. The session…
Channel Islands agree tax haven deal
UK - Guernsey and Jersey in the Channel Islands have signed up to an international programme to block tax evasion.
Currencies consigned to history
FEATURE - "A piece of Europe in our hands" is how Romano Prodi, president of the European Commission, greeted the launch of the euro.
Final day for euro changeover
EUROPE - Two months after it was introduced as a cash currency on 1 January 2002, the euro will finally become the sole legal tender in the 12 countries in the eurozone.
Fed's Ferguson sees signs of U.S. recovery
US - Federal Reserve Vice Chairman Roger Ferguson said on Wednesday that signs of a U.S. economic recovery were increasing, but that a revival in business investment held the key to the contours of the rebound.
Speech by Roger Ferguson, Federal Reserve, 27 Feb
SPEECH - In the speech titled 'A Review of Economic Developments in 2001 and the Economic Outlook' Ferguson said "signs of economic recovery are increasing" and added that U.S. consumer spending had helped the economy to stabilize, noting that low…
Central Bank of Guatemala Governor Kidnapped
GUATEMALA - It has been confirmed that the President of the central bank of Guatemala Lizardo Sosa was kidnapped while out for his regular morning jog close to his home.
Bundesbank reform heads toward final hurdle
GERMANY - Germany's reform of the once mighty Bundesbank headed toward its final parliamentary hurdle on Wednesday but a last-minute change cast doubt on when the changes would take effect, parliamentary officials said.
New Middle East development bank proposed
BELGIUM - The European Commission will on Wednesday unveil proposals for a new development bank for Mediterranean and Middle East countries amid a debate over the European Union's political and economic role in the region.
Japan urged to adopt British-style economic reform
UK - The British government will today urge Japan to press ahead with privatisation and other structural reforms as the best way to pull the country out of its deepening economic crisis.
BofE George warns of possible threat to inflation
UK - Sir Edward George, the governor of the Bank of England, has warned of the risk that the economy will slow further at the same time as the pound falls, putting upward pressure on inflation.
Greenspan says US economic recovery may be weak
US - Federal Reserve Chairman Alan Greenspan said the U.S. economic rebound this year is likely to be slightly weaker than Wall Street expects because the recovery may be restrained by a lack of consumer demand, industrial overcapacity and skittish U.S…
Monetary Policy Report to the Congress
REPORT - Federal Reserve Board Monetary Policy Report to the Congress, 27 February.
Testimony of Fed Chairman Alan Greenspan, 27 Feb
TESTIMONY - In his testimony before Congress Greenspan said the U.S. economic rebound this year is likely to be slightly weaker than Wall Street expects because the recovery may be restrained by a lack of consumer demand, industrial overcapacity and…
HKMA Press Release
PRESS RELEASE - Real Time Gross Settlement (RTGS) Systems in Hong Kong and Reuters Dealing 3000.
Bank of Japan research paper
RESEARCH - Research from the Institute for Monetary and Economic Studies, Bank of Japan. Japan's Financial System: Its Perspective and the Authorities' Roles in Redesigning and Administering the System. By Naohiko Baba and Takamasa Hisada, February 2002.
ECB Press Release
PRESS RELEASE - Monetary developments in the euro area: January 2002, 27 February 2002.