Monetary Policy
Briefing on the Reserve Bank of New Zealand
BRIEFING - This paper has been prepared to brief the incoming Government on the role and functions of the Reserve Bank of New Zealand. The paper is also intended to be a useful briefing to other interested parties, including Members of Parliament and the…
Another Milton Milestone
ARTICLE - Another article paid tribute to Milton Friedman on his birthday (90) Wednesday. 'The most influential economist of the second half of the 20th century,' as the NationalReviewOnline called him. The article reveals that Friedman showed that…
'No conclusive reason for rand's slide'
SOUTH AFRICA - None of the members of the Myburgh Commission of inquiry into the depreciation of the rand could offer conclusive reasons for the slide, said Justice Minister Penuell Maduna.
Bush, Greenspan review economy over lunch
US - President Bush on Thursday hosted Federal Reserve Chairman Alan Greenspan for lunch to review the U.S. economic outlook following a second-quarter growth slowdown.
RBNZ say new inflation accord must keep continuity
NEW ZEALAND - Any changes to the Reserve Bank of New Zealand's inflation-fighting agreement should consider the benefits of continuity of monetary policy, the central bank said Friday.
Papua New Guinea's central bank wants spending cut
PAPUA NEW GUINEA - The Bank of Papua New Guinea yesterday warned that the incoming government could face a financial crisis similar to those in 1994 and 1999 following a 210.5m kina hole in the budget deficit in the first half of this year.
Central Bank of Luxembourg - Annual Report 2001
ANNUAL REPORT - The Central Bank of Luxembourg has published its Annual Report for the year ended 2001.
Cen Bank of Solomon Islands - Annual Report 2001
ANNUAL REPORT - The Central Bank of Solomon Islands has published its Annual Report for the year ended 2001.
Brazil's Fraga says currency falls temporary
BRAZIL - Brazil's Central Bank President Arminio Fraga said on Wednesday the real currency's nosedive amid pre-election pressures was temporary and that an expected loan deal with the International Monetary Fund should help soon.
Euro-zone inflation climbs to 1.9 per cent in July
BELGIUM - Inflation in the 12-nation euro zone edged up to 1.9 per cent in July compared with the same month in 2001, the statistics body Eurostat reported on Wednesday, citing provisional figures.
Senate confirms new nominees to Federal Reserve
US - The US Senate on Wednesday confirmed President Bush's two latest nominees to the Federal Reserve Board, Princeton economist Ben Bernanke and Donald Kohn, a long-time staff aide at the central bank.
Thailand's Thaksin raps central bank on volatility
THAILAND - Prime Minister Thaksin Shinawatra yesterday took the Bank of Thailand to task for allowing "excessive volatility" in the exchange rate of the baht to the possible detriment of exporters.
Milton Friedman - A lifetime in economics
ARTICLE - In its regular Economic Insights publication the Federal Reserve Bank of Dallas pays tribute to Milton Friedman who was 90 years old yesterday (Wednesday 31 July) with "Milton Friedman-Economist as Public Intellectual". Not only does the…
UK interest rates left on hold
UK - UK interest rates have been left on hold for the ninth month running at 4%, their lowest level for 38 years.
Interest rates in europe left unchanged
GERMANY - The European Central Bank on Thursday kept interest rates unchanged for the ninth month in a row amid uncertainty over the impact of turbulent financial markets and a stronger euro on Europe's slowly recovering economy.
Federal Reserve Board - Beige Book, July 2002
REPORT - The Federal Reserve Beige Book released 31 July revealed that the U.S. economy has expanded modestly but unevenly in recent weeks, although some districts are worried about the economic impact of the stock-market plunge.
Basel Committee Publications, July 2002
REPORT - Sound Practices for the Management and Supervision of Operational Risk, 31 July.
ECB Press Release
PRESS RELEASE - Biannual information on the counterfeiting of the euro, 31 July.
ECB Press Release
PRESS RELEASE - Payment and securities settlement systems in the European Union - Addendum incorporating 2000 figures, Frankfurt am Main, 31 July.
European Central Bank Publication
REPORT - Payment and securities settlement systems in the European Union Addendum incorporating 2000 figures (Blue Book, July 2002).
Bank of England News Release
News Release - Bank Of England Maintains Interest Rates at 4.0%, 1 August.
ECB Press Release
PRESS RELEASE - Monetary policy decisions, 1 August.
Sveriges Riksbank Press Release
PRESS RELEASE - A comment from the Governor of the Riksbank, 29 July.
Chicago Fed National Activity Index, June 2002
REPORT - CFNAI returns to positive territory. In June, the Chicago Fed National Activity Index (CFNAI) was above zero for the second time this year at +0.14. The three-month moving average, CFNAI-MA3, rose to -0.03.