Monetary Policy
Polish bank cautious about economic plan
POLAND - Two weeks after Poland's government issued an ambitious five-year strategy to kick-start slumping economic growth, the National Bank of Poland has maintained a stony silence.
Fed ready to raise rates this year - Guynn
US - The Federal Reserve may start reversing its series of 11 interest rate cuts if a stronger-than-expected recovery this year rekindles inflation concerns, says Jack Guynn, president of the Federal Reserve Bank of Atlanta.
Czech central banker opposes ERM
CZECH REPUBLIC - The Czech Republic should spend as little time as possible in an exchange-rate mechanism prior to adoption of the euro, said the central bank's governor, Zdenek Tuma.
St Louis Fed's Poole - Markets must understand Fed
US - St. Louis Federal Reserve President William Poole said on Wednesday that it was important financial markets understand the goals and plans of monetary policymakers.
Speech by Christian Noyer of the ECB
SPEECH - Noyer called the speech 'Success factors of the euro and the ECB' and said the euro is undervalued against the dollar, but added it was "very difficult" to tell when the euro would rebound, 13 February.
ECB Monthly Bulletin, February 2002
REPORT - The European Central Bank has published its latest Monthly Report for February 2002.
Venezuela's currency in freefall
VENEZUELA - Venezuela's currency has plummeted 25% against the US dollar after the government scrapped five-year-old exchange rate controls.
ECB Press Release
PRESS RELEASE - Annual hard copy publication of the: List of Monetary Financial Institutions and institutions subject to minimum reserves as at the end of December 2001, 14 February.
Russian gov't to suggest amendments to c bank bill
RUSSIA - The Russian government intends to suggest its amendments to the Bill on the Central Bank of Russia before the second reading, Deputy Prime Minister, Finance Minister Alexei Kudrin told reporters.
ECB Feb bulletin - Reiterates Duisenberg remarks
GERMANY - The European Central Bank Thursday repeated that interest rates in the euro zone remain at an appropriate level and that it expects a gradual economic recovery this year.
Speech by Eddie George, Bank of England Governor
SPEECH - In the speech made Tuesday evening George said an unexpected jump in the UK's January inflation rate was probably "erratic" and forecast it would be around the Bank's 2.5 percent target in two year's time.
Bank of England Inflation Report - February 2002
REPORT - The Bank of England has published its latest quarterly inflation report for February 2002, 13 February.
CGFS release report on IT innovation and financing
PRESS RELEASE - Under the auspices of the Bank for International Settlements (BIS), the Committee on the Global Financial System (CGFS) is today releasing a report entitled IT innovations and financing patterns: implications for the financial system, 13…
Committee on the Global Financial System (CGFS)
REPORT - IT innovations and financing patterns: implications for the financial system, February 2002.
Bank of Japan Monthly Report - English text
REPORT - Monthly Report of Recent Economic and Financial Developments from the Bank of Japan, February 2002. Full English text available 13 February.
BoJ report paints bleak picture of Japan's economy
JAPAN - The Bank of Japan on Tuesday painted a bleak picture of the world's second largest economy in its monthly report, pointing to lower capital investment, weak private consumption and a harsh lending environment for small companies seeking to raise…
Inflation leap adds to expectation of rate rise
UK - Inflation leapt in January, outstripping economists' expectations and raising fears that companies are exploiting surging consumer demand to push up prices.
ECB's Noyer - Euro Undervalued Vs Dollar
EUROPE - European Central Bank Vice President Christian Noyer said Wednesday the euro is undervalued against the dollar, but added it was "very difficult" to tell when the euro would rebound.
Speech by Tito Mboweni, Res Bank of South Africa
SPEECH - In the speech made 9 February Mboweni said there is a need for a mechanism to inject additional liquidity into the world economy during times of stress. He said that reform of the international financial system should also address the problem of…
Speech by Cathy Minehan, Boston Fed Bank President
SPEECH - In the speech given 11 February Minehan said that while there are good reasons to be optimistic a recovery is at hand or in progress, she cautioned that U.S. consumers, who have remained resilient throughout - will not be able to lift the US…
Speech by Eva Srejber of Sveriges Riksbank
SPEECH - In the speech titled 'Life outside Euroland' Srejber said that the latest reports pointed to a transition period of between two and three years from a referendum until EMU entry. However, she said, "this preparation time can be shortened…
Bank of Japan Monthly Report
REPORT - Monthly Report of Recent Economic and Financial Developments from the Bank of Japan, February 2002.
Speech by Eugenio Domingo Solans of the ECB
SPEECH - Eugenio Domingo Solans, Miembro del Consejo de Gobierno y del Comite Ejecutivo del Banco Central Europeo, Intervencion en el Foro Financiero 2002 de ABC, Madrid, 11 de febrero del 2002. This speech is only in Spanish, 11 February.
Bank of Israel Press Release
PRESS RELEASE - Developments in the Foreign-Currency Market, 12 February.