Monetary Policy
Central bank cuts India growth forecast
INDIA - The Reserve Bank of India, the central bank, on Tuesday cut its forecast for economic growth by one percentage point to 5-5.5 per cent, citing the impact of a devastating drought and weak industrial activity.
Bank of Japan eases monetary policy further
JAPAN - The Bank of Japan on Wednesday unanimously decided to further ease its monetary policy for the first time in eight months, in a bid to complement the government's "anti-deflation" package, also released today.
Japan shies away from radical banking reform
JAPAN - The government of Junichiro Koizumi, Japan's prime minister, on Wednesday night backed away from imminent action to clean up the financial system after pressure to water down proposals from bankers and from the ruling Liberal Democratic party.
Trichet ordered to appear at trial in new year
FRANCE - The French trial for misleading accounting at the Credit Lyonnais Bank, at which Central Bank governor Mr Jean-Claude Trichet has been ordered to appear, has been scheduled for January 2003 in Paris.
Bank of Portugal - Annual Report 2001
ANNUAL REPORT - The Bank of Portugal has published its Annual Report for the year ended 2001.
Fed's Ferguson on productivity growth
SPEECH - In the speech 'Productivity Growth: A Realistic Assessment' made on 24 October, Roger Ferguson of the Federal Reserve said although no one can see the future, he feels cautiously optimistic that the U.S. economy can continue to enjoy strong…
Backstrom on the monetary policy situation
SPEECH - In the speech 'The monetary policy situation' made on 17 October, Urban Backstrom of the Sveriges Riksbank said activity in the Swedish economy has remained buoyant despite the situation in the rest of the world but recent statistics have…
Kennedy on the Bank of Canada in financial markets
SPEECH - In the speech 'The Bank of Canada's interest in financial markets' made on 28 October, Sheryl Kennedy said the Canadian economy has outperformed the other G7 countries over the past year but the economy is now operating fairly close to full…
Euro may boost Hungary growth report shows
HUNGARY - Joining the euro could boost economic growth in Hungary by between 0.6 to 0.9 percentage points annually for 20 years, according to a report published yesterday by the National Bank of Hungary, the central bank.
GCC countries working towards unified currency
UAE - The GCC countries have been working towards achieving a unified currency which is expected to be adopted on 1 January 2010, said Sultan bin Nasser Al Suwaidi, UAE Central Bank Governor on Saturday.
Yugoslav c banker attends conference in Dubrovnik
YUGOSLAVIA - Governor of Yugoslavia's Central Bank Mladjan Dinkic sets off to Dubrovnik today to attend the second regional conference on finances and investments in southeast Europe.
Argentina races to get IMF deal before new default
ARGENTINA - Argentine officials arrived in Washington on Monday to try to break the latest impasse in aid talks with the IMF as a potentially disastrous new debt default loomed less than two weeks away.
Brazil - New c bank head may be chosen by year-end
BRAZIL - The name of the new central bank governor may be sent to congress for approval before the end of the year, to end uncertainty on the markets, the 'Estado de Sao Paulo' reports.
Don't use stability pact as scapegoat, says Issing
GERMANY - The chief economist of the European Central Bank launched a staunch defence of the euro area fiscal stability and growth pact on Monday, accusing politicians of using it as a "scapegoat" for their own failures.
Kuwaiti dinar will be pegged to dollar
KUWAIT - Kuwait's national currency will be pegged to the US dollar starting 1 January, officials said on Monday.
IMF News Brief
NEWS BRIEF - IMF Managing Director Kohler Congratulates Brazil's President-Elect, 28 October.
IMF Press Briefing
PRESS BRIEFING - Press Briefing by Thomas Dawson, Director, External Relations Department, International Monetary Fund, Washington, D.C., 24 October 2002.
Michel Camdessus responds to Joseph Stiglitz
COMMENTARY - A Commentary by Michel Camdessus, Honorary Governor of the Bank of France, 24 October.
MAS Press Release
PRESS RELEASE - The Monetary Authority of Singapore (MAS) announced that it would formalise guidelines governing industry and public consultation and implementation of MAS-administered legislation, 22 October.
State Bank of Pakistan - Annual Report 2001-2002
ANNUAL REPORT - The State Bank of Pakistan has published its Annual Report for the year ended 2001-2002.
Bank of Japan - Annual Report 2002
ANNUAL REPORT - The Bank of Japan has published its Annual Report for the year ended 2002.
Takenaka woos banks over his reform plans
JAPAN - Heizo Takenaka, Japan's economics and financial services minister, continued a frantic round of diplomacy yesterday as he sought to secure the backing of bankers and politicians for his plan to revive the financial sector before its release this…
CentralBankNet Monday Special Feature
SPECIAL FEATURE - In this weeks special feature CentralBankNet looks at the furore surrounding recent comments from the EC President. Fur has been flying in all directions after Romano Prodi fired a broadside at the EU's Stability and Growth Pact (SGP). …
Duisenberg on transforming the financial system
SPEECH - In the speech 'The transformation of the European financial system' made on 24 October, Wim Duisenberg of the ECB said developments such as the introduction of the euro have implications that are manifold and profound, in particular for central…