Monetary Policy
UAE central bank to sponsor global hawala meeting
UAE - The UAE Central Bank yesterday announced it is sponsoring an International Conference on Hawala to be held in Abu Dhabi on 15 and 16 May.
Nigerian budget will hurt economy - Central bank
NIGERIA - The Central Bank of Nigeria (CBN) said Wednesday the country's 2002 budget would hurt the economy if it were implemented as it was passed by parliament.
Five years of an independent Bank
FEATURE - It is, for the Bank of England, Independence Day. Just five years ago the Bank of England was given its freedom to set monetary policy.
Poland's c bank under fire for strong zloty
POLAND - The central bank received more criticism yesterday when the Finance Minister Marek Belka said that it should take action to weaken the zloty.
Anthrax found on federal reserve mail
US - The Federal Reserve reported today that about 20 pieces of mail tested positive for traces of anthrax in an initial screening.
Speech by Fed Vice Chairman Roger Ferguson, 9 May
SPEECH - In the speech titled 'Implications of 9/11 for the Financial Services Sector' Ferguson said U.S. financial services firms have gone a long way to bolstering crisis planning to deal with emergencies like the September 11 attacks.
Statement by RBA Governor, Ian MacFarlane
MEDIA RELEASE - Statement from the Reserve Bank of Australia, 8 May.
Federal Reserve Board Press Release
PRESS RELEASE - Monetary Policy Decisions, 7 May.
Reserve Bank of Australia Report
REPORT - Chart Pack - A Collection of Graphs on the Australian Economy and Financial Markets, 3 May.
BIS Press Release and Full Publication
PRESS RELEASE - BIS consolidated international banking statistics for the fourth quarter of 2001, 8 May.
Joint IMF and World Bank report
REPORT - Financial Sector Assessment Program-Experience with the Assessment of Systemically Important Payment Systems prepared by the Staffs of the International Monetary Fund and the World Bank, 19 April.
Australia's reserve bank raises interest rates
AUSTRALIA - Australia's central bank has raised interest rates for the first time in almost two years in a bid to curb inflation and protect its booming economy.
US rates left on hold - for now
US - The US Federal Reserve has left interest rates unchanged at their current 40-year low of 1.75%, citing 'uncertain' growth prospects in the coming months.
Noyer - euro upside not just due to dollar value
GERMANY - European Central Bank vice president Christian Noyer said the overvaluation of the US dollar on the currency markets is not the only reason why he is confident about the euro's upside potential.
Bush to announce nominations to fed board
FEATURE - With Federal Reserve Chairman Alan Greenspan likely nearing retirement, the White House is moving to significantly beef up the central bank's monetary expertise, The Wall Street Journal has reports.
BSP and BoT to cooperate on monetary policy
PHILIPPINES - The Bangko Sentral ng Pilipinas (Central Bank of the Philippines, or BSP) and the Bank of Thailand (BOT) have agreed to increase the amount of technical cooperation on monetary policy and banking supervision, BSP governor Rafael B…
Speech by Anne Krueger of the IMF, 7 May
SPEECH - Krueger said in a speech titled 'Economic Outlook for the Americas' that the economic downturn has been relatively shallow in most countries following the global shocks and adverse local developments experienced last year.
Speech by Tito Mboweni, RB of South Africa, 7 May
SPEECH - In the speech 'Recent Economic Developments' Mboweni said there have recently been encouraging signs that the global slowdown has bottomed out. Business and consumer confidence have strengthened, leading indicators have turned up, industrial…
ECB Press Release
PRESS RELEASE - Annual report of the Anti-Fraud Committee and the reply of the European Central Bank to the report, 3 May.
Speech by H Kohler, Managing Director, IMF, 3 May
SPEECH - International Monetary Fund chief Horst Koehler on Friday ended a tour of Africa with a conference aimed at attracting new investors to Ghana, and said in a speech titled 'Building a Better Future in Africa' that the latest U.S. efforts to…
Bank of Canada Working Paper
RESEARCH - Modelling Financial Instability: A Survey of the Literature by Alexandra Lai, Bank of Canada, May 2002.
Welteke - Pound must fall before euro entry
GERMANY - The president of the Bundesbank, Ernst Welteke, has said he thinks the pound would have to be devalued before Britain could join the single currency.
Bishop says be money wise at central bank service
BARBADOS - Barbadians were urged yesterday to be sensible in the management of their money by the Bishop of Barbados, Dr John Holder. He was delivering a sermon at the Central Bank of Barbados 30th anniversary service at the St Michael's Cathedral.
Bank of England 'would not oppose euro' entry
UK - The governor of the Bank of England, Sir Edward George, has said he would not oppose the UK joining the European single currency if the public voted in favour of adopting the euro, according to a press report.