Monetary Policy
Pakistan's central bank governor doing 'fine'
PAKISTAN - Following on from a heart attack scare recently we learn that Dr Ishrat Husain is now doing fine.
BofE's George gives evidence at Treasury Committee
FEATURE - Giving evidence to the UK House of Commons Treasury Committee on Thursday, Sir Edward George, Governor of the Bank of England, said he anticipates recovery for the UK economy but that it would be slow.
Welteke: Past rate cuts will still show effect
GERMANY - Current price developments in the euro zone are "positive", but past interest rate cuts have yet to fully show their effect, Deutsche Bundesbank President Ernst Welteke said Wednesday.
Speech by Sirkka Hamalainen of the ECB, 25 Feb
SPEECH - In the speech Hamalainen said the euro has been our money for over three years now and that this was long enough to have allowed the single currency to be tested in a fairly wide range of circumstances.
Auditing guide on banks
IRELAND - Auditors of banks have been issued with guidance notes to help them decide when they should report matters of concern to the Central Bank. Similar practice notes from the Auditing Practices Board will be issued for the auditing of insurers and…
Interview with Anne Krueger of the IMF
INTERVIEW - Anne Krueger, First Deputy Managing Director, International Monetary Fund, Le Monde Economie, 18 February.
Manchester United player joins eurozone collection
FEATURE - Ole Gunnar Solskjaer from Manchester United has teamed up with the United Nations Children's Fund (UNICEF) on his return from Europe to collect soon-to-be obsolete currency.
Aide warns over euro politics
UK - One of Chancellor Gordon Brown's closest aides has warned against allowing political pressures to influence the government's approach to the euro.
German recession confirmed
GERMANY - The German economy is officially in recession, according to official figures which have confirmed two successive quarters of contraction.
Nikkei soars ahead of deflation plan
JAPAN - Japan's top economic policy makers are meeting to finalise moves to curb spiralling deflation and stabilise the stock market.
ECB Press Release
PRESS RELEASE - Monetary developments in the euro area: January 2002, 27 February 2002.
Bank of Japan research paper
RESEARCH - Research from the Institute for Monetary and Economic Studies, Bank of Japan. Japan's Financial System: Its Perspective and the Authorities' Roles in Redesigning and Administering the System. By Naohiko Baba and Takamasa Hisada, February 2002.
Testimony of Fed Chairman Alan Greenspan, 27 Feb
TESTIMONY - In his testimony before Congress Greenspan said the U.S. economic rebound this year is likely to be slightly weaker than Wall Street expects because the recovery may be restrained by a lack of consumer demand, industrial overcapacity and…
Monetary Policy Report to the Congress
REPORT - Federal Reserve Board Monetary Policy Report to the Congress, 27 February.
Greenspan says US economic recovery may be weak
US - Federal Reserve Chairman Alan Greenspan said the U.S. economic rebound this year is likely to be slightly weaker than Wall Street expects because the recovery may be restrained by a lack of consumer demand, industrial overcapacity and skittish U.S…
BofE George warns of possible threat to inflation
UK - Sir Edward George, the governor of the Bank of England, has warned of the risk that the economy will slow further at the same time as the pound falls, putting upward pressure on inflation.
Bundesbank reform heads toward final hurdle
GERMANY - Germany's reform of the once mighty Bundesbank headed toward its final parliamentary hurdle on Wednesday but a last-minute change cast doubt on when the changes would take effect, parliamentary officials said.
Speech by T Padoa-Schioppa of the ECB, 22 Feb
SPEECH - In the speech Padoa-Schioppa said it was unrealistic to think of moving responsibility for banking supervision to the ECB and co-operation at a national level was more appropriate.
Draft deflation plan set to disappoint
JAPAN - Fears are growing that the Japanese government's latest plan to revive the economy will fall short of expectations.
Dow Jones closes at 7-week high
US - Strong US house sales and upbeat forecasts from a string of major companies including auto giant General Motors sent Wall Street shares soaring on Monday.
IMF's Krueger - World economy near turning point
UK - The world economy is at or near a turning point, which makes it difficult for central banks to make the right decisions on interest rates, International Monetary Fund First Deputy Managing Director Anne Krueger said Monday.
Padoa-Schioppa- ECB "satisfied" by German promises
ITALY - European Central Bank executive board member Tommaso Padoa-Schioppa, in an interview published Friday, said the ECB was "satisfied" with the German government's promises to cut its budget deficit aggressively in an effort to bring it in line with…
Swiss SNB sold 9.82 tons of gold in past 10 days
SWITZERLAND - The Swiss National Bank sold around 9.82 metric tons of gold in the 10-day reporting period ended Wednesday, the central bank's regular statistics report showed Thursday.
Speech by Jack Guynn President Atlanta Fed, 25 Feb
SPEECH - Guynn said in the speech titled 'Thoughts on the Economy' that the coming economic recovery will be "a good deal more moderate" than after prior downturns, adding that he sees "considerable uncertainty" about the outlook for business investment…