Monetary Policy
Polish MPC member says gov't missed reform chance
POLAND - A member of Poland's ten strong Monetary Policy Council, Boguslaw Grabowski, has said that Poland's leftist government missed a great opportunity to make deep fiscal and structural reforms in the first months after taking power last October.
BofE uses Marks and Spencer to raise money supply
UK - A shortage of quality £5 notes, due to banks' reluctance to stock the relatively low value notes in ATM cashpoint machines, has led the Bank of England to turn to post offices and Marks and Spencer to distribute used fivers.
Norway central bank leaves key rates unchanged
NORWAY - Norges Bank, the Norwegian central bank, Wednesday left its key deposit rate unchanged at 6.50%, in line with market expectations.
Norges Bank's press conference of 10 April
PRESS CONFERENCE - Monetary policy meeting of Norges Bank's Executive Board.
Norges Bank keeps interest rates unchanged
PRESS RELEASE - Interest rates were left unchanged at Norges Bank's Executive Board meeting on 10 April. Norges Bank's key interest rate, the sight deposit rate, therefore remains at 6.50 per cent. The overnight lending rate also remains unchanged.
IMF World Economic Outlook
REPORT - World Economic and Financial Surveys, Recessions and Recoveries, April 2002.
Japan cautioned by IMF on deflation fight
JAPAN - The International Monetary Fund Tuesday cautioned the Japanese Government not to slacken its efforts to combat deflation and structural problems, warning that additional steps were necessary to combat serious weaknesses in the world's second…
Danish business expects Euro entry within 3 years
DENMARK - Danish managers expect Denmark to be join the euro by 2005 according to a poll by Green Analyseintitute carried out for the Danish business daily, Borsen.
Bank's inner circle and its Outer Mongolia
FEATURE - The Bank of England is the City's Kremlin. From time to time figures appear on the balcony above its windowless walls, and the watchers must try to calculate whose stock is up and who has been posted to Outer Mongolia. There is no doubt that…
Greenspan's heir apparent stays cryptic
FEATURE - Judging by his refusal to provide a direct answer to a straightforward question, John Taylor is on track to become the next chairman of the US Federal Reserve writes Stephen Romei in The Australian on Monday.
Supervision expert to head new German regulator
GERMANY - German Finance Minister Hans Eichel will appoint banking supervision expert Jochen Sanio later this month to head Germany's new financial markets super-regulator, German media reported on Saturday.
Steep rise in Argentine inflation expected
ARGENTINA - Prices will rise 45 percent this year in Argentina, Deputy Economy Minister Jorge Todesca said in an interview published in Pagina 12 newspaper on Sunday.
Speech by Eva Srejber of Sveriges Riksbank, 9 Apr
SPEECH - In the speech titled 'Experiences from the cash changeover in the euro area' Srejber says we have alot to learn from the twelve countries who have already implemented the introduction of the euro and this will be of considerable assistance in…
Speech by Sheryl Kennedy of Bank of Canada, 5 Apr
SPEECH - In a speech titled 'The Bank of Canada's Contribution to the Canadian Economy' Kennedy said that the central bank and economy have come through some major international financial disturbances recently and some valuable lessons have been learned…
Wim's wait
FEATURE - The European Central Bank is extending its "wait and see" policy from interest rates to the equally delicate matter of high-level appointments, reported Friday's FT in London.
New BOJ policy members tread conventional lines
JAPAN - The Bank of Japan's newly appointed board members adopted a conventional line on monetary policy in their debut public appearance on Friday, in stark contrast to a maverick pro-easing member whom they replaced.
Fed's Broaddus - Fed committed to price stability
US - US Federal Reserve policymakers aren't "resting on our laurels" with regard to their primary goal of price stability, said Alfred Broaddus, president of the Federal Reserve Bank of Richmond.
Agency under attack over bad debts in Japan
JAPAN - Japan has been too slow to clear up the bad debt problem plaguing its banking sector, Masajuro Shiokawa, finance minister, has said.
Speech by Svein Gjedrem of Norges Bank, 20 Mar
SPEECH - "The effects of the global downturn on the activity level in Norway have been limited," Svein Gjedrem said in a speech prepared for ambassadors stationed in Norway. The speech was titled 'The inflation target and the floating krone: The…
Speech by J Alfred Broaddus, Richmond Fed, 4 Apr
SPEECH - Richmond Federal Reserve President Alfred Broaddus said in a speech titled 'Comments on the Changing Economic Outlook' on Thursday the U.S. economic outlook is "considerably" better than six months ago, but that final demand is crucial for…
Speech by Fed Reserve Governor Ed Gramlich, 8 Apr
SPEECH - 'Lenders and community developers have made great strides in revitalizing economically disadvantaged communities and improving the financial well-being of lower-income households,' Gramlich said in a speech titled 'CRA at Twenty-Five'.
Chicago Fed National Activity Index
REPORT - The Chicago Fed National Activity Index (CFNAI) rose to +0.04 in February, moving out of negative territory for the first time since June 2000. The three-month moving average index, CFNAI-MA3, also improved in February, increasing to -0.28, its…
Speech by L Heikensten, Sveriges Riksbank, 2 Apr
SPEECH - Heikensten said in a speech titled 'Growth effects of the new stabilisation policy regime' that Sweden's recent policy of pursuing low and stable inflation and steady economic policies has been important for improving the conditions for economic…
Bank of England News Release
NEWS RELEASE - Appointments at the Bank of England, 4 April.