Monetary Policy
S Africa c bank reiterate difference with Zimbabwe
SOUTH AFRICA - South Africa's central bank reiterated on Monday the factors that distinguished its economy from neighbouring Zimbabwe, whose woes have dented investor confidence in the region and adversely hit the rand.
Gerashchenko stays with central bank
RUSSIA - Viktor Gerashchenko, former chairman of the Central Bank of Russia, plans to take the post of an economic adviser at the Scientific and Research Institute of the Bank of Russia reports Novecon.
Fraga defends more flexible account inviolability
BRAZIL - More flexible rules for breaking bank account inviolability, allied with a solid international cooperation among banks and government financial institutions, is a fundamental weapon to combat money laundering in the world, according to Central…
The long and short of it for central banks
FEATURE - Never mind the question about when and how far they should follow the US FOMC. Asian central banks have their hands full at the long end of the curve at the moment.
ECB's Issing says high Greek inflation "worrying"
GREECE - Greece's higher than eurozone average inflation is a "worrying development" that poses problems to Greek competitiveness, European Central Bank Chief Economist Otmar Issing said on Sunday.
Independence vital for Russia's central bank - PM
RUSSIA - Prime Minister Mikhail Kasyanov said the Central Bank of Russia must be independent.
Speech by T Padoa-Schioppa of the ECB, 21 Mar
SPEECH - In the speech titled 'Accession Countries on the Way to the Euro: A Central Banker's View' Padoa-Schioppa said a carefully chosen timeframe for euro adoption by new members after they join the EU would ensure that fighting inflation would not…
Federal Open Market Committee Meeting - Minutes
MINUTES - The Federal Reserve Board on Thursday released the minutes of its Federal Open Market Committee Meeting from 29-30 January 2002, released 21 March.
Reserve Bank of New Zealand News Release
NEWS RELEASE - OCR increased to 5 per cent, 20 March.
Bank of Japan Monetary Policy Meetings, 20 March
NEWS RELEASE - At the Monetary Policy Meeting held today, the Bank of Japan decided, by majority vote, to maintain the following guideline for money market operations for the intermeeting period:
HKMA Quarterly Bulletin - February 2002
REPORT - The Quarterly Bulletin (QB) carries regular reporting and analyses on the policies of the HKMA's key activities in fulfilling its central banking functions and provides a forum for the HKMA to explain its philosophy and policies, particularly…
Fed discussed dropping its tilt towards rate cuts
US - The Federal Reserve considered "unconventional" actions at its January monetary policy meeting in case its anti-recession campaign did not work and discussed abandoning its official leaning towards cutting short-term interest rates, minutes released…
ECB net profit declines by 8.5% partly on US rates
GERMANY - The European Central Bank Thursday reported a net profit of 1.82 billion euros in 2001, down 8.5% from 1.99 billion euros the preceding year.
Rerngchai fights negligence charge
THAILAND - Former governor of the Bank of Thailand Rerngchai Marakanond yesterday submitted his defence to the Civil Court on charges that he was "severely negligent" in his duties relating to the defence of the baht, causing Bt186 billion in damage to…
Japan slump 'slowing'
JAPAN - The struggling Japanese economy is continuing to deteriorate, but the decline shows signs of slowing down, the country's central bank said on Friday.
Bank of England Museum Exhibition - 21 March 2002
NEWS RELEASE - Royal Portrait: A Celebration of the Queen's Golden Jubilee. A unique exhibition of portraits of the Queen is to be shown at the Bank of England Museum in Bartholomew Lane, EC2.
Bank of Canada - Annual Report 2001
ANNUAL REPORT - The Bank of Canada has published its Annual Report for the year 2001, 20 March.
Speech by Susan Schmidt Bies of the Fed, 21 Mar
SPEECH - In the speech titled 'Current Challenges of Community Banks' Bies stressed to bankers the need for effective management oversight by bank directors, especially in the wake of the spectacular collapse of energy-trading giant Enron.
Spain's Rato sees two candidates to replace Noyer
SPAIN - Spanish Economy Minister Rodrigo Rato said on Thursday that there were only two candidates to replace European Central Bank vice-president Christian Noyer, and it seemed unlikely more would come forward.
The increasingly transparent Greenspan fed
FEATURE - Tuesday's decision by the Federal Open Market Committee that it would announce the roll call of the vote on the federal funds rate target, including the policy choice of any dissenters after each meeting, was the latest veil in its legendary…
Korea's central bank upbeat on growth
SOUTH KOREA - South Korea's central bank has raised its forecast for economic growth in 2002 after a robust performance in the October to December period last year.
Russia's new central bank chief
FEATURE - Promising little change to exchange-rate policy but progress on stalled banking change, Sergei Ignatyev was overwhelmingly elected Russia's Central Bank chief Wednesday by the lower house of parliament.
Bank of Japan leaves monetary policy unchanged
JAPAN - The Bank of Japan left monetary policy unchanged on Wednesday but said that if necessary it would provide extra liquidity to secure financial market stability towards the end of the fiscal year.
Speech by Edward George, Bank of England, 19 Mar
SPEECH - In the speech George again sought to reassure markets that last year's series of interest rate cuts was unlikely to be reversed any time soon.