Monetary Policy
Argentine economy 'to shrink by 5%'
ARGENTINA - Argentina's economy is set to contract sharply this year, despite the devaluation of the peso. The country has been in recession for four years now
Wellink - Euro may add 0.25% to Dutch inflation
NETHERLANDS - Dutch Central Bank President and European Central Bank governing council board member Nout Wellink said Monday he expected the introduction of the euro to add around a quarter of a percentage point to inflation in the Netherlands.
Noyer - Rate cut possible, strong dollar a worry
GERMANY - European Central Bank Vice-President Christian Noyer says a slight cut in interest rates depends on the speed of economic recovery and the behaviour of wage negotiators, the Boersen-Zeitung reports.
Decision on Noyer successor possible in March
GERMANY - A decision on the successor to European Central Bank Vice President Christian Noyer is possible at the forthcoming EU summit in March, the Boersen-Zeitung reports, citing EU currency affairs commissioner Pedro Solbes.
Speech by Urban Backstrom of Sveriges Riskbank
SPEECH - Urban Backstrom said in the speech that in order to reduce the risk of financial market imbalances, it is important that we have a well thought-out legislative, regulatory and supervisory infrastructure that functions properly and follows any…
Speech by Dr Bimal Jalan, Reserve Bank of India
SPEECH - In the speech 'India and Globalisation' Bimal Jalan said that Indians have to increase their work efficiency and productivity to match global standards. India is nowhere even close to being globalised in terms of the commonly used indicators…
Testimony of Fed Chairman Alan Greenspan
SPEECH - In his testimony before the US Senate titled 'The state of the economy' Greenspan said that the US economy seemed finally to be climbing out of recession.
Speech by Reserve Bank of New Zealand Governor
SPEECH - In the speech titled 'An indebted people' Brash said that there are "encouraging" signs of improvement from the U.S. but Japan remains the biggest risk to the local economy.
Speech by Jarle Bergo, Dep Governor Norges Bank
SPEECH - Bergo says in the speech we must be prepared for changes in the functioning of the economy over time and that one knows precisely how different shocks will affect the economy or what effects fiscal and monetary policy instruments will have. A…
Reserve Bank of Australia - Media Release
MEDIA RELEASE - Appointment of Dr Malcolm Edey as Assistant Governor (Economic), 23 January 2002.
Reserve Bank of New Zealand - News Release
NEWS RELEASE - Reserve Bank of New Zealand OCR unchanged at 4.75 per cent, 23 January.
Sjahril's verdict on 6 March
INDONESIA - The Central Jakarta District Court is scheduled to present its verdict on Bank Indonesia Governor Sjahril Sabirin on 6 March.
NZ's Brash - Encouraging signs from US
NEW ZEALAND - Reserve Bank of New Zealand Governor Donald Brash said Friday that there are "encouraging" signs of improvement from the U.S. but Japan remains the biggest risk to the local economy.
Faites vos jeux The ECB needs a new vice-president
FEATURE - A routine letter, says the European Central Bank. Maybe, say those who watch the ECB. But a reminder, still, about the fun in the next few months, with luck at the expense of some very important Frenchmen.
China's c bank plans payment system development
CHINA - The People's Bank of China (PBOC), the central bank of China, has selected a database and application development tool for its China National Advanced Payment System (CNAPS).
Berlusconi defends central bank powers
ITALY - Prime Minister Silvio Berlusconi Friday threw his weight behind the Bank of Italy after a group of lawmakers proposed to strip the central bank of banking surveillance powers as part of a wider reform involving a number of regulatory bodies.
BOJ's Hayami - FX moves need further monitoring
JAPAN - Bank of Japan Governor Masaru Hayami said Friday the 0.8% decline in Japanese consumer prices last year was "normal," apparently attempting to downplay concerns about deflation weighing on the economy.
Kazakh MPs call for c bank no-confidence vote
KAZAKHSTAN - Source Khabar Television. [Presenter] At a plenary sitting of the Majlis [lower house of Kazakh parliament] today, deputies proposed a no-confidence motion against the chairman of the National Bank of Kazakhstan, Grigoriy Marchenko.
Speech by Anthony Santomero of Philadelphia Fed
SPEECH - In the speech titled 'Great Expectations: Monetary Policy in Today's Economy' Santomero said the U.S. Federal Reserve has room to cut interest rates further from their already rock-bottom level if need be.
ECB head predicts harmonisation call
EUROPE - Wim Duisenberg, European Central Bank president, yesterday forecast the introduction of euro notes and coins would lead to public demand for more harmonisation in the European Union, with particular focus on taxes.
Testimony of Wim Duisenberg, ECB President
SPEECH - In his testimony to the European Parliament Duisenberg said that "the psychological impact of the cash changeover has given a great boost to the feeling of fraternisation" among Europeans, he said. "The public will start to exert pressure on…
Speech by William Poole of the St. Louis Fed Bank
SPEECH - Poole said in the speech titled 'Flation' that within the confines of the goal of price stability, the central bank has some flexibility to lean against fluctuations in output and employment but that this goal should not be compromised in…
Fed's Poole - C banks mustn't risk price stability
US - St. Louis Federal Reserve President William Poole warned on Monday that central banks should not chase economic stability at the expense of stable prices.
Speech by US Treasury Secretary Paul O'Neill
SPEECH - In a sign of growing U.S. alarm over the state of Japan's economy, US Treasury Secretary Paul O'Neill scrapped the Bush administration's no-lecture policy toward the Japanese government and said "decisive actions" are needed to return Japan to…