Monetary Policy

G7 to focus on World Bank grants, terror finance

US - The Group of Seven leading industrial nations finance ministers' meeting Friday will focus on proposals to increase World Bank grants and ongoing efforts to cut off sources of terrorism finance, a senior U.S. Treasury official said Friday.

Speech by Dr Wellink, Nederlandsche Bank, 13 Mar

SPEECH - In the speech titled 'EU expansion and EMU' Wellink said that European interests are Dutch interests and warns against premature changeover to the euro of new Member States into the Union. "The surrender of exchange rate flexibility and the euro…

Speech by Jean-Pierre Roth, Swiss Nat Bank, 26 Feb

SPEECH - Roth said in his speech that an independent Swiss franc is an important asset for Switzerland's financial sector. "Neither in the U.K., nor in Switzerland, is European monetary integration considered to be a necessary or a sufficient condition…

Speech by K Persson of Sveriges Riksbank, 17 Apr

SPEECH - In the speech titled 'Monetary policy and competition' Persson said growth in demand in Sweden and abroad seems to be recovering, suggesting the Riksbank was not worried that the economy might stall. "Growth in demand now appears to be on the…

McDonough says Fed has time before rate hike

US - Federal Reserve Bank of New York President William McDonough said on Thursday the Fed is unsure about how strong the U.S. economy may be in the latter half of this year and can be patient before raising interest rates.

Convicted BI chief to miss IMF meeting

INDONESIA - Bank Indonesia Governor Sjahril Sabirin will skip the annual meeting of the International Monetary Fund (IMF) in Washington this weekend, following the conviction in the Bank Bali scandal last month that bans him from leaving the country.

Speech by Ulrich Kohli, Swiss Nat Bank, 26 Feb

SPEECH - Kohli concludes in a speech titled 'Will the Euro Make the Swiss Franc Obsolete?' that as long as the SNB maintains an independent course of action, it will uphold the reputation of the Swiss franc as a safe and sound currency, and it will…

Testimony of Fed Chairman Alan Greenspan, 17 Apr

TESTIMONY - In testimony to the US Congress titled 'Monetary policy and the economic outlook' Greenspan said the strength of the current U.S. economic recovery was not yet clear and praised the economy's resilience in the face of some difficulties, "but…

Greenspan dampens rate hike fears

US - The US Federal Reserve is expected to leave interest rates unchanged until an economic recovery in the US has gained a strong foothold, analysts said after having listened to a key speech by the Fed chairman Alan Greenspan.

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