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Koizumi rejoins battle for reform
JAPAN - Japanese Prime Minister Junichiro Koizumi has promised to forge ahead with painful reforms to revive the economy despite a sudden drop in his popularity.
Argentina unveils crisis package
ARGENTINA - Argentina's latest move to end the country's worst economic crisis in decades has been welcomed by observers, eager to see a return to normality.
St Louis Fed report, Central Banker, Winter 2001
REPORT - Fed Releases Comprehensive Retail Payments Study, reports the Winter 2001 edition of the St Louis Fed's Central Banker.
Speech by Antonio Fazio Governor Bank of Italy
SPEECH - In the speech titled 'Recovery and growth of the Italian economy' Fazio said that the Bank of Italy expects economic growth in the European Union to slow to 1.5 percent in 2002 from 1.7 percent last year. But that EU growth was likely to recover…
Speech by Joseph Yam of the HKMA
SPEECH - The speech by Yam titled 'Briefing to the Legislative Council Panel on Financial Affairs' was divided into four topics currency, banking, financial infrastructure, exchange fund.
Speech by Senior Minister from Singapore gov't
SPEECH - In the speech titled 'Disclosure and corporate governance - Challenges in Moving Ahead' Shanmugaratnam said "We have made good progress in the four years since we embarked on a shift towards disclosure-based regulation. Our listed companies have…
ECB Press Release - Central Banking Conference
PRESS RELEASE - Second ECB Central Banking Conference, "The transformation of the European financial system", released 4 February 2002.
White House says interviewing Fed candidates
US - The Bush administration is interviewing candidates to fill two vacancies on the powerful seven-member Federal Reserve Board, a senior U.S. official said on Thursday.
Slovene gov't adopts Bill on the central bank
SLOVENIA - The Slovene government on Thursday adopted the bill on the Bank of Slovenia which aims to harmonise Slovenia's legislation in the field to that of the European Union. The bill has been sent to parliament, where MPs are to discuss it in second…
Welteke sees no need for rate cuts now - report
PORTUGAL - Current European Central Bank interest rates are appropriate and there is no need for a cut at this time, Bundesbank President and ECB governing council member Ernst Welteke said in a newspaper interview published Friday.
SNB sell 10.3 tons of gold in latest 10-day period
SWITZERLAND - The Swiss National Bank sold around 10.3 metric tons of surplus gold in the 10-day reporting period ended 31 January, the central bank's regular statistical report showed Friday.
Fed minutes suggest rate hikes sooner than thought
US - A clearly recovering economy may allow the Fed to lift interest rates higher sooner, and by a wider margin, than currently projected - simply because the markets are prepared for such a development.
Goodhart talks on central bank independence
UK - Professor Charles Goodhart a former member of the Bank of England's Monetary Policy Committee made a powerful argument for central bankindependence in a talk at the London School of Economics yesterday, Thursday. A CentralBankNet correspondent was…
Slovak c bank replaces management of supervision
SLOVAKIA - Slovak central bank (NBS) appointed Deposit Protection Fund (FOV) head Milan Horvath as the new chief executive of the NBS banking supervision, replacing Tibor Kasiak, the bank's press department said Friday.
Turkey woos IMF with reforms
TURKEY - Turkey is due on Friday to finalise a series of reforms to its banking system, deemed to be crucial if the country is to secure further loans from the International Monetary Fund (IMF).
States stay on money laundering list
HONG KONG - Nineteen countries and territories are to continue suffering under the stigma of being listed as havens for money laundering.
Transcript of a Press Briefing by Thomas Dawson
PRESS BRIEFING - Thomas Dawson, Director, External Relations Department, International Monetary Fund, 31 January.
Speech by Jarle Bergo, Deputy Governor Norges Bank
SPEECH - In the speech titled '' Jarle Bergo said that "if the growth in the global economy picks up again as we have assumed, we expect consumer price inflation to be about 2.5 percent in two years time."
Speech by Lars Heikensten of Sweden's central bank
SPEECH - In the speech titled 'Swedish economic policy in the EMU' Lars Heikensten said that participation in European economic and monetary union would be beneficial for the Swedish economy.
Federal Open Market Committee Meeting - Minutes
MINUTES - Minutes of the Federal Open Market Committee for the 11 December, 2001 meeting released 31 January.
ECB and BoE - distinguishing features
UK - Analysts often laud the speed of the Fed's response times, like the BoE's, to changes in the business climate, while they decry the supposed "slowness" and unpredictable nature of the ECB.
Brazil to handle exchange interventions online
BRAZIL - Brazil's central bank will transfer intervention operations in the currency exchange market to an online system, Central Bank Monetary Policy Directory Luiz Fernando Figueiredo said late Wednesday.
Top civil servant to be new governor in Ireland
IRELAND - Mr John Hurley, the senior civil servant in the Department of Finance, will be the new governor of the Central Bank. The incumbent, Mr Maurice O'Connell, has indicated to the Minister for Finance, Mr Charlie McCreevy that he will be stepping…
Russian Ctrl Bk reserves $36.2B 25 January
RUSSIA - The Russian central bank said Thursday that its level of foreign-exchange and gold reserves dropped $300 million to $36.2 billion, in the week to 25 January.