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Speech by Wim Duisenberg, ECB President, 25 Feb

SPEECH - In the speech titled 'China and the euro area in a global perspective' Duisenberg said confidence in most countries was shaken by the attacks on U.S. cities on 11 September, but the world economy has proved resilient and there are growing signs…

Minutes from 1996 Fed meetings bear out

US - In the months leading up to Federal Reserve Chairman Alan Greenspan's famous 1996 warning of investor "irrational exuberance," then-Fed governor Lawrence Lindsey was the central bank's most vociferous internal proponent of the view that the stock…

Rate cut by Brazil's central bank chief

BRAZIL - Central bank governor Arminio Fraga's surprise move to cut interest rates marks a shift in strategy, and a gamble, as he weighs the need to contain inflation yet entice investors in a presidential election year.

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…

India's Jalan- High FX reserves hedge uncertainty

INDIA - India's growing foreign exchange reserves - at record high levels and expected to touch $50 billion by the end of the fiscal year 31 March - "take into account every uncertainty," Reserve Bank of India Governor Bimal Jalan said Friday.

Interview with Russia's central bank chief

INTERVIEW - Interview with Russia's central bank chairman Viktor Gerashchenko at the State Duma Committee for credit organisations and financial markets. Chairman Alexander Shokhin and regional banks association president Alexander Murychev.

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