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Bank of Canada Press Release
PRESS RELEASE - Bank of Canada lowers key policy interest rate by 1/4 percentage point to 2 per cent, 15 January.
Speech by David Dodge, Governor of Bank of Canada
SPEECH - In the speech Dodge said that economic developments in Canada since the November Report, and the profile for growth outlined in the Update, suggest that the amount of slack in the economy through 2002 will likely be somewhat greater than assumed…
Bank of Canada Monetary Policy Report Update
REPORT - The Bank of Canada has released its Update to the November Monetary Policy Report, in which it discusses economic and financial trends in the context of Canada's inflation-control strategy, 23 January.
ECB sees gradual recovery in 2002, lower inflation
GERMANY - The European Central Bank said on Thursday the euro zone economy showed signs of a recovery later this year and reiterated inflation should drop safely below its two-percent ceiling.
ECB Monthly Bulletin January 2002
REPORT - The European Central Bank published its January 2002 Monthly Bulletin on 24 January.
Speech by US Treasury Secretary Paul O'Neill
SPEECH - In a sign of growing U.S. alarm over the state of Japan's economy, US Treasury Secretary Paul O'Neill scrapped the Bush administration's no-lecture policy toward the Japanese government and said "decisive actions" are needed to return Japan to…
Fed's Poole - C banks mustn't risk price stability
US - St. Louis Federal Reserve President William Poole warned on Monday that central banks should not chase economic stability at the expense of stable prices.
Speech by William Poole of the St. Louis Fed Bank
SPEECH - Poole said in the speech titled 'Flation' that within the confines of the goal of price stability, the central bank has some flexibility to lean against fluctuations in output and employment but that this goal should not be compromised in…
Testimony of Wim Duisenberg, ECB President
SPEECH - In his testimony to the European Parliament Duisenberg said that "the psychological impact of the cash changeover has given a great boost to the feeling of fraternisation" among Europeans, he said. "The public will start to exert pressure on…
ECB head predicts harmonisation call
EUROPE - Wim Duisenberg, European Central Bank president, yesterday forecast the introduction of euro notes and coins would lead to public demand for more harmonisation in the European Union, with particular focus on taxes.
Speech by Anthony Santomero of Philadelphia Fed
SPEECH - In the speech titled 'Great Expectations: Monetary Policy in Today's Economy' Santomero said the U.S. Federal Reserve has room to cut interest rates further from their already rock-bottom level if need be.
The yen's fundamental weakness
FEATURE - The currency's depreciation stems not from government policy but the state of the economy says Haruhiko Kuroda, Japan's viceminister of finance for international affairs.
Afghan banker picks up pieces of a ruined system
FEATURE - Abdul Qadir Fitrat, possibly the world's youngest central bank governor at 38, has just taken up perhaps the world's most hair-raising central bank challenge - restoring Afghanistan's ruined financial system.
Reform of EU securities rules moves a step closer
EUROPE - The European parliament yesterday took a decisive step towards acceptance of the Lamfalussy plan for speeding the reform of European Union securities market regulation.
IMF Press Release
PRESS RELEASE - IMF, World Bank Conclude Joint Poverty Reduction Strategy Conference, 18 January.
Allsopp - ECB should have stable growth aim
UK - Maintaining a stable rate of economic growth should be given a clearer role in the policy framework of the European Central Bank, a senior Bank of England official said on Wednesday.
Speech by Christopher Allsopp of Bank of England
SPEECH - Charles Allsopp said in the speech that maintaining a stable rate of economic growth should be given a clearer role in the policy framework of the European Central Bank and that greater symmetry in inflation targetting had worked well in Britain…
Speech by Eddie George, Bank of England Governor
SPEECH - In the speech George said that while an increasingly global economy served to boost living standards worldwide the fact that many poorer nations had unequal access to free markets meant more must be done to help them through the careful…
Duisenberg - No need to change ECB team yet
ITALY - European Central Bank Governor Wim Duisenberg said in remarks published on Wednesday it was unlikely he would complete his full term as the head of the bank but said the management team should not be changed yet.
RBA appoints new assistant governor economic
AUSTRALIA - The Reserve Bank today announced the appointment of Dr Malcolm Edey as assistant governor (economic).
Singapore's MAS to issue currency notes, coins
SINGAPORE - The Monetary Authority of Singapore (MAS) will expand its responsibilities to include the issuance of currency notes and coins from March next year, officials said Wednesday.
Bank chiefs unanimous on rate freeze
UK - Bank of England gurus in charge of setting interest rates voted unanimously in favour of a rate freeze this month.
Speech by Governor of the State Bank of Pakistan
SPEECH - In the speech by Ishrat Hussain he said that the economic policy makers have identified SME as one of the priority drivers of economic growth and employment in the country.
Speech by Dr Bimal Jalan, Reserve Bank of India
SPEECH - In the speech 'Indian Banking and Finance: Managing New Challenges' Bimal Jalan said that uncertainty over the economic situation was likely to continue for the next six to nine months, but India is likely to show one of the highest rates of…