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Swiss gov't resists bid to widen cen bank mandate
SWITZERLAND - The Swiss government has resisted efforts by leftists and trade unions, during a revision of the central bank law, to make the Swiss National Bank lay equal stress on growth and employment as well as fighting inflation.
O' Neill says US outlook 'positive'
US - US Treasury Secretary Paul O'Neill has said the outlook for the world's largest economy is now "on the positive side", predicting stronger growth later on this year.
Shoppers and forgers move to euro
EUROPE - Two weeks after the launch of euro notes and coins, more than 90% of transactions in Ireland are being made in the currency, the country's official changeover body said.
Argentina may float currency freely soon
ARGENTINA - Argentina's President Eduardo Duhalde has said that it may float the peso entirely in a few months time.
Speech by Leszek Balcerowicz of Nat Bank of Poland
SPEECH - Balcerowicz suggests in his speech that 'The strategy on behalf of the EU should be not to delay the entry of the candidate countries into EMU but to encourage the candidates to complete structural reforms.
Speech by US Treasury Secretary Paul O'Neill
SPEECH - US Treasury Secretary Paul O'Neill has said the outlook for the world's largest economy the United States is now "on the positive side" and predicted stronger growth later on this year.
Bank of Japan Statement - Monetary Policy Meeting
NEWS RELEASE - Statement from the Bank of Japan regarding the Monetary Policy Meeting held on 16 January 2002.
Currency Crises and Uncertainty About Fundamentals
WORKING PAPER - International Monetary Fund Working Paper by Alessandro Prati and Massimo Sbracia, Research Department, January 2002.
Speech by Horst Kohler, Managing Director, IMF
SPEECH - Horst Kohler in a speech 'International Conference on Poverty Reduction Strategies' expressed his confidence that this conference will be an important step forward in strengthening the core of the effort to reduce world poverty-self-help and…
China c bank chief vows reform as banker is sacked
CHINA - Central bank chief Dai Xianglong vowed on Tuesday to push gradual reforms and tighter supervision in China's first year as a WTO member as he confirmed the sacking and probe of a top commercial banker over problem loans.
Blair and Straw in euro entry talks
UK - Britain yesterday held talks about the euro with Denmark and Sweden, the two other EU countries that are outside the eurozone.
Bankers quizzed over money laundering
FRANCE - Daniel Bouton, chairman of Societe Generale, the French bank, has became the latest in a long line of prominent French businesspeople to fall foul of the country's investigating magistrates.
Better not bank on Afghani
AFGHANISTAN - Abdul Qadeer Fitrat has been appointed acting governor of Da Afghanistan Bank.
China ranks US Dlr as No 1 component of reserves
CHINA - People's Bank of China Governor Dai Xianglong on Tuesday ranked U.S. dollars as the major component of the country's foreign reserves, ahead of the euro and yen.
Jakarta expected to pass new c bank law changes
INDONESIA - Indonesia's parliament said on Tuesday it expected to pass central bank law changes in February, a move that could help end year-long debate that had once soured ties with the country's main donors.
Federal Reserve governor Meyer to step down
US - Federal Reserve governor, Laurence H. Meyer, said today that he would step down from the seven-member board when his term expires at the end of the month.
Federal Reserve Press Release, 14 January
PRESS RELEASE - Laurence H. Meyer submitted his resignation Monday as a member of the Board of Governors of the Federal Reserve System, effective the last day of his term, January 31, 2002.
Japan to unfreeze deposits of Afghan central bank
AFGHANISTAN - The Japanese government said Tuesday it will unfreeze the 77 million yen in deposits held in Japan by Afghanistan's central bank in line with the inauguration of an interim administration in the war-torn country.
Speech by Wim Duisenberg, President of the ECB
SPEECH - In the speech Wim Duisenberg was very positive about the introduction of the euro and said that "there has been little evidence so far of the changeover affecting the average level of prices and we do not expect any noticeable effect on the…
Eddie George cautious on interest rate rise
UK - Sir Edward George, governor of the Bank of England, last night played down expectations that the Bank might soon put up interest rates, saying: "I do not suggest that the timing of any such move is imminent."
Speech by Eddie George, Bank of England Governor
SPEECH - In the speech Sir Edward said that the timing of any rise in interest rates would depend on the strength of the global recovery. He described himself as "reasonably optimistic" about the prospects of an improvement later in the year, but said…
Research by the Fed Bank of Minneapolis
RESEARCH - From The Region, December 2001 published by the Federal Reserve Bank of Minneapolis. The Federal Reserve and Electronic Payments. What do considerations of principle, experience and reputation tell us? By Gary H. Stern, President.
Fed's Moskow sees some signs US economy improving
US - The U.S. economy is in a transition period with "scattered signs" of improvement but the timing of a full recovery is still uncertain, Federal Reserve Bank of Chicago President Michael Moskow said on Monday.
Speech by Michael Moskow, President, Chicago Fed
SPEECH - In the speech 'Economic Outlook' Michael Moskow said "I must emphasize that we still face a period of uncertainty," he said. Moskow added that the uncertainty stemmed from the risk of further attacks on U.S. soil, weakness in economies abroad…