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Speech by J Alfred Broaddus Richmond Fed President
SPEECH - In the speech 'Thoughts on the Economic Outlook for 2002' Broaddus said that the Fed's policy moves to date have been "significant" and will help with the economic recovery.
Gramlich - Survey influenced new loan measures
US - Recent updates to the Federal Reserve's anti-predatory lending regulations tried to target especially harmful practices, rather than subprime lending in general, Federal Reserve Governor Edward Gramlich said Friday.
Speech by Federal Reserve Governor Ed Gramlich
SPEECH - In the speech titled 'Predatory Lending' Gramlich said recent updates to the Federal Reserve's anti-predatory lending regulations tried to target especially harmful practices, rather than subprime lending in general.
China's new gold exchange delayed but not derailed
CHINA - China's plans to open a gold exchange in Shanghai early in 2002 are still intact but laws on important details, including whether to impose the value-added tax on exchange transactions, have yet to be issued, an exchange spokeswoman said on…
Mara Raubisko approved to Bank of Latvia board
LATVIA - The Bank of Latvia council today approved Mara Raubisko as chairwoman of the board at the Bank of Latvia, LETA was informed by the bank's press secretary Edzus Vejins.
European Commission predict eurozone rebound
EUROPE - The eurozone economy may have shrunk during the last three months of 2001, but it is due for a rapid rebound, the European Commission has calculated.
Bank of Japan report spurs fear of new crisis
JAPAN - The Bank of Japan considers the state of the Japanese economy to be grim. In its monthly report on recent economic and financial developments, the central bank concluded that the economy was "deteriorating broadly".
Argentine police probe capital flight
ARGENTINA - Argentine police, probing claims of massive capital flight, have raided local offices of several major international banks.
Swedish inflation above level needed for EMU entry
SWEDEN - Sweden's strong inflation rate is currently running at above the rate required for EMU entry, and January's rate risks being the highest since 1993, said Handelsbanken Research, adding that the central bank now has very little scope for rate…
Croatian central bank governor considers leaving
CROATIA - The governor of the Croatian National Bank Zeljko Rohatinski is thinking about resigning his post in the near future, a top central bank source said on Friday.
ECB - Over 90% of banknotes now replaced by euro
GERMANY - The amount of euro banknotes in circulation has reached more than 90% of the estimated number needed to replace the national banknotes circulating in the euro zone in 2001, the European Central Bank said Friday.
Fed's Parry: US recovery could happen in Q1 2002
US - San Francisco Federal Reserve President Robert Parry said on Wednesday that he expects the U.S. economy to be growing again by the second quarter of this year, and possibly earlier.
Research Papers from the Bank of Japan
RESEARCH - Monetary and Economic Studies (2002) by the Bank of Japan Institute for Monetary and Economic Studies, 18 January 2002.
Bank of Japan Monthly Report January 2002
REPORT - Bank of Japan Monthly Report of Recent Economic and Financial Developments, January 2002.
Speech by Robert Parry of the San Francisco Fed
SPEECH - In the speech 'The Economy in 2002' Robert Parry said on Wednesday that recent mixed economic data are encouraging and a resumption of growth is possible this quarter - but it is too early to count on.
Central Banker of the Year
ARTICLE - The Banker magazine published in London has awarded Mugur Isarescu, Governor of the Central Bank of Romania the title, Central Banker of the Year. Three other governors from the Philippines, Chile and Botswana won regional titles.
Speech by Reserve Bank of New Zealand governor
SPEECH - In the speech 'Inflation targeting 14 years on' Brash says that in New Zealand's experience he has little doubt that the adoption of inflation targeting helped to provide an anchor for monetary policy in New Zealand.
Speech by Dr Bimal Jalan, Reserve Bank of India
SPEECH - In the speech 'Corporate Governance and Financial Sector: Some Issues' Jalan said the RBI has been working on new accounting, auditing and disclosure standards. Work is also in progress in setting better internal auditing and better system of…
Fed's Meyer - A little inflation better than none
US - Outgoing Federal Reserve Governor Laurence Meyer said on Wednesday that the U.S. central bank's commitment to price stability should not be taken as a goal to eliminate inflation entirely.
Fed's Ferguson sees economic rebound
US - The US economy is likely to rebound "before too long" given the stimulative impact of Federal Reserve rate cuts and the natural dynamics of the economy, said Roger Ferguson, the vice chairman of the Federal Reserve Board.
Russia cancels export duty on gold
RUSSIA - The Russian government issued a resolution on 14 January abolishing a 5% export duty on gold, said a government source.
Role of Taiwan's financial regulators to change
TAIWAN - Amid all the recent talk of possible consolidation in Taiwan's financial sector, relatively little attention has focused on what could prove the most important merger of all: that of the island's regulators.
Beige book says US econ weak but shows improvement
US - The US economy started the new year on a weak note, although some scattered signs of improvement emerged, the Federal Reserve Beige Book survey has said.