Monetary Policy

IMF News Brief

NEWS BRIEF - IMF's Kohler Welcomes Remes Visit, says IMF Working Closely with Argentina, 8 February.

US stimulus package fails

US - A US economic-stimulus package is all but dead after two votes in the Senate that failed to pass either version of plans crafted by Democrats and Republicans.

Argentina halts currency trading

ARGENTINA - The Argentine Government has extended the closure of banks and foreign exchange centres until 11 February, giving the market more time to prepare for a full flotation of the peso.

Speech by Dino Kos of the Reserve Bank of New York

SPEECH - In the speech titled 'The Interplay of Markets and the Fed's Market Operations' Kos said 'The Federal Reserve is still considering what sort of securities it will hold in its portfolio, and is still weighing the possibility of buying Ginnie Mae…

ECB Press Conference

PRESS CONFERENCE - Introductory statement, Willem F. Duisenberg, President of the European Central Bank, Christian Noyer, Vice-President of the European Central Bank, Maastricht, 7 February.

Speech from the Reserve Bank of India

SPEECH - The speech was by Shri V.K.Sharma and titled 'Indian Banking of Tomorrow'. In the speech he said Indian banks have always proved their adaptability to change and I am sure it would be possible for them to mould themselves into agile and…

Eighteen months of agony for ECB hopeful Trichet

FEATURE - As Wim Duisenberg announces the date when he will step down Bank of France Governor Jean-Claude Trichet has 18 months to fulfil France's dream that he will take Duisenberg's seat as president of the European Central Bank, the most powerful…

China accord on how to oversee banks

CHINA - China yesterday, Wednesday, put to rest months of divisive debate on whether a separate supervisory body should be set up to oversee its banking system, deciding that a new bureau within the existing central bank would be sufficient to do the job…

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