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Monetary Policy

Poland: Fin Min, central bank want fast euro entry

POLAND - A joint finance ministry and Polish National Bank team that is preparing an exchange rate strategy before Poland's entry to the European Union, agreed that Poland should join the euro zone as a matter of urgency, Deputy Finance Minister Ryszard…

Fraga says meeting with int'l bankers a success

BRAZIL - Brazilian central bank chairman Arminio Fraga said his meeting with international bankers in New York Monday was successful, Brazilian daily O Globo reported. Finance minister Pedro Malan was also present and said Brazil is prepared to honour…

Speech by William Poole, St Louis Fed Bank, 26 Aug

SPEECH - In the speech titled 'Taking Stock: the State of the Business Recovery' Poole said it was unlikely the US economy would slip back into recession, noting that a "double-dip" recession has only occurred once since WW2. He credited strategies by…

Interest rates unlikely to fall soon, Mboweni

SOUTH AFRICA - South Africans should not expect a drop in interest rates for the remainder of the year, Reserve Bank governor Tito Mboweni said on Tuesday. He also said he opposed the government's plans for a single banking regulator, and believed that…

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