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Eurogroup's Rato supports Trichet as ECB head
FRANCE - Rodrigo Rato, chairman of the group of EU finance ministers, on Thursday said the next president of the European Central Bank should be French and signalled his support to put Bank of France Governor Jean-Claude Trichet in the top job.
Auditing guide on banks
IRELAND - Auditors of banks have been issued with guidance notes to help them decide when they should report matters of concern to the Central Bank. Similar practice notes from the Auditing Practices Board will be issued for the auditing of insurers and…
Polish central bank - Support early euro entry
POLAND - The European Union should encourage new members of the bloc to adopt the euro as their national currency as early as possible, the president of the Polish central bank said Monday.
Speech by Sirkka Hamalainen of the ECB, 25 Feb
SPEECH - In the speech Hamalainen said the euro has been our money for over three years now and that this was long enough to have allowed the single currency to be tested in a fairly wide range of circumstances.
Japan govt looks to great depression for econ fix
ARTICLE - More than a decade of economic stagnation, marked by financial crisis and deflation that brings the economy to its knees. Then, remarkably, a rapid recovery after a debt-buying binge by the central bank.
Roth - Independent Swiss franc an important asset
SWITZERLAND - Swiss National Bank President Jean-Pierre Roth said Tuesday that an independent Swiss franc is an important asset for Switzerland's financial sector.
Survey of Professional Forecasters
RESEARCH - The U.S. economy will rebound sooner rather than later, according to 35 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The forecasters expect stronger growth over the next three quarters than they projected in the survey of…
Bank of England News Release
News Release - HM Government Gold Auction Programme: Announcement of Auction, 26 February.
Speech by US Treasury Sec, Paul O'Neill, 25 Feb
SPEECH - Address of US Treasury Secretary Paul O'Neill before the Chicago Economic Club, Chicago, Illinois, 25 February.
Atlanta Fed's Guynn sees slow-paced U.S. recovery
US - Atlanta Federal Reserve Bank President Jack Guynn predicted on Monday that the U.S. economy's recovery from recession will be slower than in the past recoveries, with consumer spending and housing unlikely to lend the usual kick.
Speech by Jack Guynn President Atlanta Fed, 25 Feb
SPEECH - Guynn said in the speech titled 'Thoughts on the Economy' that the coming economic recovery will be "a good deal more moderate" than after prior downturns, adding that he sees "considerable uncertainty" about the outlook for business investment…
Swiss SNB sold 9.82 tons of gold in past 10 days
SWITZERLAND - The Swiss National Bank sold around 9.82 metric tons of gold in the 10-day reporting period ended Wednesday, the central bank's regular statistics report showed Thursday.
Padoa-Schioppa- ECB "satisfied" by German promises
ITALY - European Central Bank executive board member Tommaso Padoa-Schioppa, in an interview published Friday, said the ECB was "satisfied" with the German government's promises to cut its budget deficit aggressively in an effort to bring it in line with…
Gold loses its shine as banks sell, costs fall
AUSTRALIA - A third of the gold ever mined, or 30,000 tonnes, is stored in central banks around the world. The banks want to lower their reserves in favour of higher yielding investments such as bonds and currency.
Greece needs more structural reforms-cen bank
GREECE - Greece needs to proceed with additional structural reforms in order to boost the economy's competitiveness in the eurozone, the Bank of Greece and The Brookings Institution, said on Monday.
Argentina's Todesca - Ctrl bank has issued ARS350M
ARGENTINA - Argentina's central bank has already printed 350 million pesos of the 3.5 billion ($1=ARS2.025) it said it will print this year, Deputy Economy Minister Jorge Todesca told local media over the weekend.
IMF's Krueger - World economy near turning point
UK - The world economy is at or near a turning point, which makes it difficult for central banks to make the right decisions on interest rates, International Monetary Fund First Deputy Managing Director Anne Krueger said Monday.
Dow Jones closes at 7-week high
US - Strong US house sales and upbeat forecasts from a string of major companies including auto giant General Motors sent Wall Street shares soaring on Monday.
O'Neill: 'Enron to trigger stricter laws'
US - US Treasury Secretary Paul O'Neill has weighed into the debate about how to prevent any repetition of the Enron scandal with proposals to tighten the law on negligence.
Draft deflation plan set to disappoint
JAPAN - Fears are growing that the Japanese government's latest plan to revive the economy will fall short of expectations.
Speech by T Padoa-Schioppa of the ECB, 22 Feb
SPEECH - In the speech Padoa-Schioppa said it was unrealistic to think of moving responsibility for banking supervision to the ECB and co-operation at a national level was more appropriate.
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Duisenberg sees global recovery, risks remain
GERMANY - European Central Bank President Wim Duisenberg said on Monday he expected a mild recovery of the global economy this year with euro zone growth reaching its long-term potential by the end of 2002.
Chinese c.bank chief says supports stable euro
CHINA - China's central bank governor Dai Xianglong said on Monday Beijing supports a stable euro but that he did not understand why the unified currency had lost value to the dollar since its inception.