Monetary Policy
IMF, World Bank meetings in 2006 in Singapore
SINGAPORE - The International Monetary Fund and World Bank's annual meetings are likely to attract 15,000 delegates and S$30 million when they are staged at Singapore's Suntec City in 2006.
Polish central bank confirms 2003 inflation target
POLAND - Criticism of the government's 2003 budget draft has begun to eat into some of its expectations. The Monetary Policy Council (RPP) and central bank are especially dubious with regard to the economic growth rate, set at 3.5 percent by Finance…
Egyptian foreign reserves rise to 14.147bn dollars
EGYPT - The Egyptian economy has rebounded by showing a marked improvement in June 2002 in comparison to the previous month, according to a report released by the Central Bank of Egypt.
Speech by Lars Nyberg of Sveriges Riksbank, 16 Sep
SPEECH - In the speech titled 'IT in the financial sector' Nyberg said it was the case that IT, while increasing both the efficiency and security of the financial system in general and the payment system in particular, also increases operational risks.
Speech by Svein Gjedrem of Norges Bank, 20 Sep
SPEECH - Gjedrem said in the speech titled 'Current monetary policy issues' that together with prospects for low inflation internationally, the strong krone is the most important force acting as a counterweight to the sharp rise in domestic costs.
Blejer set for Bank of England role
UK - Mario Blejer, former governor of Argentina's central bank, is heading for a calmer climate and will take up the post of director at the Bank of England's Centre for Central Banking Studies.
Russian Duma approves central bank board nominees
RUSSIA - The State Duma today confirmed seven nominees for the board of directors of the Central Bank of Russia.
BOK moves to curb excessive liquidity
KOREA - The central bank will reduce preferential credit to local banks during the fourth quarter of the year, in a move to control excessive liquidity in the market.
SARB reject call for changes to inflation target
SOUTH AFRICA - South African Reserve Bank (SARB) Governor Tito Mboweni on Wednesday dismissed calls for changes to the inflation target measure, and stressed the central bank had to remain vigilant against rising inflation.
Central bank says Swaziland slowdown continues
SWAZILAND - The tiny kingdom of Swaziland is two years into a slump and no end is in sight, its central bank has said.
Brazil real opens at record low on debt, election
BRAZIL - Brazil's beleaguered currency opened at a fresh record low on Friday, pressured by ongoing election jitters and concerns the central bank would have trouble rolling over maturing debt, traders said.
Minutes indicate fed concern about stocks
US - Federal Reserve policy makers believe that a decline in the stock market could be the catalyst for another rate cut, according to the minutes of the 13 August meeting of the Federal Open Market Committee.
Speech by Governor, State Bank of Pakistan, 1 Apr
SPEECH - In the speech titled 'Reforming Pakistan's economy, performance, progress, prospects and problems' Husain said regulatory and supervision functions of the State Bank have been significantly strengthened and strict enforcement of prudential…
Speech by Wim Duisenberg, ECB President, 24 Sep
SPEECH - Duisenberg said in a speech titled 'The first nine months of the euro cash era' that the he introduction of the euro banknotes and coins has been a major success. Euro banknotes make visible the Monetary Union and the close financial integration…
Speech by Hermann Remsperger, Bundesbank, 1 Aug
SPEECH - In the speech titled 'The role of the Deutsche Bundesbank in the European System of Central Banks' Remsperger said that although the Bundesbank's main activities related to monetary policy, payment systems and financial stability the Bank was…
Appointment at the Bank of England, 26 September
PRESS RELEASE - Professor Mario Blejer has been appointed as the new Director of the Centre for Central Banking Studies (CCBS) at the Bank of England. He will also be an Adviser to the Governor.
Speech by Svein Gjedrem of Norges Bank, 19 Sep
SPEECH - Gjedrem said in the speech titled 'Economic policy challenges' that monetary policy functions with considerable and variable lags. Therefore, the current level of inflation does not provide an adequate basis for determining the level at which…
IMF News Brief
NEWS BRIEF - IMF Managing Director Horst Kohler Meets Colombian President lvaro Uribe, 25 September.
IMF Press Briefing on the World Economic Outlook
PRESS BRIEFING - Transcript of a Press Briefing on the World Economic Outlook by Kenneth Rogoff, Economic Counsellor and Director, Research Department, International Monetary Fund, Washington, D.C., Wednesday, 25 September 2002.
IMF World Economic Outlook, September 2002
REPORT - World Economic Outlook, Trade and Finance, International Monetary Fund, September 2002. In the most recent World Economic Outlook the International Monetary Fund said that world economic output would increase by 3.7% in 2003, compared to its…
Queen Elizabeth Knights Fed Chairman Greenspan
SCOTLAND - U.S. Federal Reserve Chairman Alan Greenspan received an honorary knighthood from Queen Elizabeth II on Thursday and said he would always cherish the honour.
Czechs unlikely to get euro soon
CZECH REPUBLIC - The Czech Republic will not be able to adopt the European single currency before 2007 at the earliest because of its huge budget deficit, the country's new finance minister has said.
Brazil sees Sept current account surplus of $1 bln
BRAZIL - Brazil's central bank on Thursday forecast a current account balance of payments surplus of $1 billion in September.
New deadline for balanced budgets splits euro club
FRANCE - A proposal by Brussels to allow euro-zone states more time to balance their budgets has blown up into a big row between EU countries that have been making sacrifices and four members -- France, Germany, Italy and Portugal -- that were falling…