Monetary Policy

Chicago Fed National Activity Index, July 2002

REPORT - CFNAI Reflects Economic Softness. In July, the Chicago Fed National Activity Index (CFNAI) fell below zero after being positive the two previous months. Weakness in the employment-related data accounted for the largest negative contributions to…

Speech by Fed Chairman Alan Greenspan, 30 Aug

SPEECH - In the speech 'Economic volatility' made on Friday at a Federal Reserve Bank of Kansas City symposium Greenspan defended the Fed's decisions on interest rates in the late 1990s, saying policy makers couldn't have deflated the stock-market bubble…

RBI Annual Report confident of credit growth

INDIA - The Reserve Bank of India (RBI), in its annual report for 2001-2002 released Friday, has said that the overall stance of the monetary policy for 2002-03 would be on the provision of adequate liquidity to meet credit growth and support investment…

Qatar's finance conference to be held in London

QATAR - Qatar's next finance and investment conference will be held on 19 and 20 September in London. It is organized by the ABC establishment. Remarkable figures and ministers from Qatar and several financial, investment and industry establishments are…

Indonesia's central bank chief cleared of charges

INDONESIA - In an unexpected move, the Jakarta High Court acquitted Bank Indonesia Governor Sjahril Sabirin of all charges in connection with his involvement in the 1999 Bank Bali scandal, overturning the decision of the Central Jakarta District Court to…

Speech by Ric Battellino of the RBA, 29 Aug

SPEECH - In the speech 'Australia as a Capital Exporter' Battellino said that Australia has become a much more important exporter of capital since the removal of exchange controls and other financial deregulation in the 1980s but added that while we…

Minutes from the Sveriges Riksbank Board meeting

MINUTES - Minutes of the Sveriges Riksbank Executive Board meeting on 15 August, published 29 August. The Board noted that recent statistics suggest that the prospects for a recovery of economic activity in Sweden are still good. The Chairman found that…

Has Russia Been on the Right Path?

RESEARCH - A Commentary by Kenneth Rogoff, Economic Counsellor and Director, Research Department, IMF, Vedomosti, 26 August. Rogoff compares the progress to market reform of Russia against that of China and quotes Joseph Stiglitz on the "enormous success…

BOK governor concerned over current account

SOUTH KOREA - Park Seung, governor of the Bank of Korea (BOK), said Wednesday there are mounting concerns that the current account balance could swing into the red due to rising travel deficits and reckless consumption.

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