Monetary Policy
Interest rates may not rise says Bank governor
UK - Sir Edward George, governor of the Bank of England, yesterday hinted that interest rates may not need to rise this year.
Irish central bank calls for risk control review
IRELAND - Ireland's central bank on Wednesday said it had told all the country's credit institutions to review their risk control systems in the wake of the $691 million trading scandal at Allied Irish Banks.
Brown to give euro evidence
UK - Chancellor Gordon Brown is to appear before a key committee of MPs to answer detailed questions about the government's economic tests for entering the euro.
'Father of euro' suggests common Asian currency
CHINA - Asia needs a common currency with China, Japan and the Republic of Korea at the centre, said Nobel Prize winner Robert Mundell, in China on Tuesday reports New China News Agency.
Speech by Robert Parry, San Francisco Fed, 7 Mar
SPEECH - In the speech titled 'The U.S. Economy in 2002' Parry said he sees signs the U.S. economy is turning around, and that the outlook for business investment in equipment and software is improving.
Speech by Ravi Menon of the MAS, 5 March
SPEECH - Menon said in the speech titled 'The Five "C"s in Banking: Emerging Issues and Policy Responses' that Singapore banks should switch auditors every five years to prevent potential conflicts of interest. "The new rule is necessary to cement…
Speech by Dr Wellink, Nederlandsche Bank, 12 Mar
SPEECH - In the speech titled 'The Euro, a major challenge and catalyst for Europe' Wellink said that he saw little effect on euro-zone inflation from the physical introduction of the euro and said the euro was "on the low side" historically but noted a…
Bank of England - News Release
NEWS RELEASE - Bank of England To Celebrate The Queen's Golden Jubilee, 18 March 2002.
Guatemala hold suspects in c bank chief kidnapping
GUATEMALA - Guatemala said on Friday it captured a man and a woman suspected of participating in the 25 February kidnapping of central bank chief Lizardo Sosa.
Russian parl'ment to approve c bank chief 20 March
RUSSIA - The State Duma lower house of Russia's parliament will vote on Wednesday to approve the appointment of Sergei Ignatiev as the country's new central bank chairman, the Duma's chairman said on Tuesday.
Saga of the convicted central bank governor
FEATURE - Bank Indonesia, which until early February still rejected Bank Bali claims as ineligible, suddenly reversed its policy. Erman Munzir, director of the banking development division at the central bank, at Pande's request, assigned a special team…
Swedish c.bank gov sees post-summer CPI up-tick
SWEDEN - Swedish inflation is likely to taper off in the next few months but rise anew after the summer due to strained resource utilisation, central bank Governor Urban Backstrom said on Tuesday.
Syria to set up monetary and credit council
SYRIA - President Bashar al-Asad has issued Law No. 23 of 2002 providing for the establishment of a Monetary and Credit Council [MCC]. The law stipulates that this council shall be in charge of organizing the monetary and credit institutions in Syria and…
Greek has "good chance" of landing ECB job
SPAIN - Greece's candidate for the vice presidency of the European Central Bank appears to be gaining support, although European Union finance ministers still have about a month to make a final pick.
S Africa cenbank says property rights protected
SOUTH AFRICA - South African central bank Governor Tito Mboweni on Friday urged global investors to distinguish between his country and Zimbabwe, which is grappling with a worsening political and economic crisis.
Pakistan sees cash inflow
PAKISTAN - Pakistan's struggling economy enjoyed a significant surge of foreign currency late last year as expatriate workers sent money home from abroad.
Triennial Central Bank Survey - Final Results
REPORT - Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity 2001 - Final Results, 18 March.
Speech by Svein Gjedrem of Norges Bank, 14 Mar
SPEECH - In a speech titled 'Monetary policy and wealth management' Gjedrem said "The Norwegian loan and capital market probably has weaknesses nevertheless, with thin securities markets and little breadth in investor and owner environments compared with…
Bank of England Quarterly Bulletin
REPORT - The Bank of England has published its Quarterly Bulletin, Spring 2002.
Central banker wins raves for straight talk
FEATURE - One year, a recessionette and 10 interest rate cuts later, and David Dodge, the governor of the Bank of Canada, has probably said more about the Canadian economy - and more candidly - than his predecessor did in two years.
Buba's Welteke says 2002 hard for German banks
GERMANY - Bundesbank President Ernst Welteke said on Friday 2002 would be a difficult year for German banks and urged the sector to take measures to counter falling results and weak international competitive power.
Two candidates compete for ctrl bank head post
SOUTH KOREA - Public fund management committee Chairman Park Seung and Korea Federation of Banks chief Ryoo Shee-yul are the two most likely candidates to be the next central bank governor, the Munhwa Ilbo reports.
US Nobel laureate praises China's monetary policy
CHINA - Nobel Laureate Robert Mundell has praised China's monetary policy as "excellent" in a recent interview.
Dallas Fed's Economic and Financial Review
RESEARCH - "Banking and Currency Crisis Recovery: Brazil's Turnaround of 1999" analyzes the Brazilian recovery, focusing on the freedom Brazilian bank health gave the central bank to pursue a postcrisis monetary policy.