Monetary Policy
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…
Gjedrem on inflation targeting and economic policy
SPEECH - In the speech 'Inflation targeting and the interplay in economic policy' made on 16 October, Svein Gjedrem of the Norges Bank said a substantial share of the effects of an interest rate change will occur within two years. Two years is thus a…
Japan's Takenaka starts diplomatic offensive
JAPAN - Heizo Takenaka, Japan's economics and financial services minister, continued a frantic round of diplomacy on Monday as he sought to secure the backing of bankers and politicians for his plan to revive the financial sector ahead of its release…
Why Britain should join the euro
REPORT - Joining the euro will deliver rising prosperity for Britain - but failing to do so soon will put our hard-won economic success at risk, a group of Britain's leading economists argue in a report published 15 October by pro-European campaign group…
Japan's economy is not that sick
LETTER - Letter published in the Financial Times, UK edition, 28 October, on Japan's economic problems and a potential solution.
Financial structures in the euro area
REPORT - The European Central Bank (ECB) released a report on financial structures in the euro area on 25 October. The report describes the financial structure of the euro area as a whole and of the individual euro area countries, recent developments in…
UK industry shows sharp rise in support for euro
UK - Enthusiasm for the euro has risen sharply among Britain's manufacturers in the past 18 months, judging by a survey released on Monday.
Brazil's central bank president want independence
BRAZIL - The autonomy of the Central Bank in the future Brazilian administration was defended by the bank's current president, Arminio Fraga, and by a former one, Gustavo Franco, in Rio de Janeiro.
Japan faces fourth year of falling prices
JAPAN - Japan is on track to enter its fourth consecutive year of deflation - a phenomenon not seen in any postwar industrialised country - as the country's core consumer price index tumbled for the 36th consecutive month in September.
Solomons c bank investigates get-rich-quick scheme
SOLOMON ISLANDS - The governor of the Solomon Islands Central Bank has challenged the promoters of a get-rich-quick scheme in the impoverished island country to a public debate. Thousands of Solomon Islanders have apparently invested money in what is…
BOK gov, Monetary policy should focus on growth
KOREA - The Bank of Korea (BOK) should conduct monetary policy in a way that supports current accounts and the employment situation, as well as price stability, the central bank head said at a weekend seminar hosted by the BOK.
Russian central bank agrees info deal with Latvia
LATVIA - Latvia's financial watchdog, the Finance and Capital Market Commission has today signed an agreement on information exchange with the Bank of Russia, reported the commission's public relations department.
National Bank of Hungary paper on the euro
RESEARCH - National Bank of Hungary Occasional Papers - 'Adopting the euro in Hungary: expected costs, benefits and timing', edited by Attila Csajbok and Agnes Csermely and released on 28 October.
The Fed's Mark Olson on Urban Revitalization
SPEECH - In the speech 'Urban Revitalization: Shared Responsibilities' made on 22 October, Mark Olson of the Federal Reserve Board said that the history of community development policy and finance has been characterized as difficult, but it provides…
Blattner on the euro and what it means for the SNB
SPEECH - In the speech 'The Euro: Implications for Switzerland and for the Monetary Policy of the Swiss National Bank' made on 22 October, Niklaus Blattner of the Swiss National Bank said Switzerland's experience of the euro has, so far, been mainly…
Bank of Canada Press Release
PRESS RELEASE - Bank of Canada releases its October Monetary Policy Report, 23 October.
Dodge - Opening statement to finance committee
SPEECH - Opening statement by David Dodge, Governor of the Bank of Canada, before the House of Commons Standing Committee on Finance, 23 October 2002.
Bank of Canada Monetary Policy Report
REPORT - Bank of Canada released its October 2002 Monetary Policy Report, 23 October. In the report the Bank of Canada said the Canadian economy has undergone a strong expansion with more rapid growth than all other G-7 countries over the past year…
House boom 'should not deter Bank' from rate cut
ARTICLE - The house price boom should no longer stand in the way of a cut in interest rates, according to Stephen Nickell, the longest-serving external member on the Bank of England's monetary policy committee.
Manuel calls for SARB inflation target review
SOUTH AFRICA - Finance Minister Trevor Manuel has suggested politicians and other interested parties hold a discussion on inflation targeting once Statistics South Africa has completed its study on the country's target measure, CPIX.
Sri Lanka c bank predicts sharp drop in inflation
SRI LANKA - The Central Bank (CB) has forecast a sharp drop in the annual average inflation by the end of 2002 with the foreseeable continuation of the present ceasefire in the North.
Malaysia pushes for 'gold dinar'
MALAYSIA - Malaysia will set up a secretariat to study and promote the use of the gold dinar as currency for international trade if the cabinet agrees, Prime Minister Mahathir Mohamad said yesterday.
Treasury-central bank rift in Israel
ISRAEL - For the first time in decades, the Prime Minister's Office, the treasury and the Bank of Israel did not jointly publish the national forecast together with the publication of the 2003 budget. The disagreement is testimony to the difficult…
Brazil's finance chiefs upbeat on life under Lula
BRAZIL - Brazil's economic authorities have held out the possibility of a significant recovery in the country's battered financial markets following a likely leftwing victory in Sunday's presidential run-off election.