Monetary Policy

Mexican cbank governor outlines monetary policy

The governor of the Bank of Mexico, Guillermo Ortiz Martinez, has submitted a preview of the Monetary Policy Programme for 2001 and has confirmed an aggressive tightening of the money supply by managing short-term benchmark interest rates and bank…

Euro recovery likely to continue, says ECB

European Central Bank President Mr Wim Duisenberg reaffirmed Dec 29 that ECB interest rates were on hold for some time and said the euro's recovery was likely to continue. Mr Duisenberg said that the risks to price stability were not very "concrete" at…

U.S. slowdown to hit Britain-BoE's George

Bank of England governor Eddie George has warned that fallout from an economic slowdown in the United States will affect Britain in 2001 but will not bring a "nightmare scenario", the BBC said on Dec. 29, 2000.

US in economic slowdown but far from recession-IMF

The International Monetary Fund has said that the United States is facing a slowdown in growth that will curb the global economic expansion. But the US economy is far from a recession and is nowhere near contracting, added the IMF's first deputy managing…

Hungary fin min expects good teamwork with

The existing good working relations with incumbent Finance Minister Zsigmond Jarai will provide the basis for a good partnership between the Finance Ministry and the National Bank of Hungary in the future, Mihaly Varga told reporters on Dec 28.

Tosovsky warns of threats to CNB independence

On Dec 27, Czech National Bank (CNB) governor Josef Tosovsky said attacks on the central bank were increasing and could affect its credibility. The attackers include opposition Civic Democrat (ODS) leader Vaclav Klaus, who blames the CNB's policies for…

No radical policy changes at Bank of Canada

The Financial Post's Madelaine Drohan says in this article that anyone who thinks Canada's monetary policy is going to change dramatically with David Dodge at the Bank of Canada is dreaming in technicolour. It just isn't going to happen. Printed in the…

Euro lessens Emu dependence on US - BoF Trichet

Europe's economy has become less dependent on U.S. developments since the launch of the euro in January 1999, Bank of France Governor Jean-Claude Trichet, a member of the European Central Bank's (ECB) Governing Council, said in an interview published Dec…

IMF Koehler praises Turkey govt, but action needed

Horst Koehler, managing director of the International Monetary Fund, stressed on Dec 21 that the $7.5 billion in new financing the IMF is providing Turkey is a short-term measure to ensure a liquidity crisis in the banking sector doesn't derail wider…

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