Monetary Policy
ECB Press Release - Central Banking Conference
PRESS RELEASE - Second ECB Central Banking Conference, "The transformation of the European financial system", released 4 February 2002.
Speech by Senior Minister from Singapore gov't
SPEECH - In the speech titled 'Disclosure and corporate governance - Challenges in Moving Ahead' Shanmugaratnam said "We have made good progress in the four years since we embarked on a shift towards disclosure-based regulation. Our listed companies have…
Speech by Joseph Yam of the HKMA
SPEECH - The speech by Yam titled 'Briefing to the Legislative Council Panel on Financial Affairs' was divided into four topics currency, banking, financial infrastructure, exchange fund.
Speech by Antonio Fazio Governor Bank of Italy
SPEECH - In the speech titled 'Recovery and growth of the Italian economy' Fazio said that the Bank of Italy expects economic growth in the European Union to slow to 1.5 percent in 2002 from 1.7 percent last year. But that EU growth was likely to recover…
St Louis Fed report, Central Banker, Winter 2001
REPORT - Fed Releases Comprehensive Retail Payments Study, reports the Winter 2001 edition of the St Louis Fed's Central Banker.
Argentina unveils crisis package
ARGENTINA - Argentina's latest move to end the country's worst economic crisis in decades has been welcomed by observers, eager to see a return to normality.
Koizumi rejoins battle for reform
JAPAN - Japanese Prime Minister Junichiro Koizumi has promised to forge ahead with painful reforms to revive the economy despite a sudden drop in his popularity.
Global economy 'recovering'
US - The head of the International Monetary Fund has told a meeting of the World Economic Forum in New York that he believes the world's economy is heading for recovery.
Poorer states urge economic solidarity
US - At last year's gathering of the World Economic Forum in Davos, Switzerland, there was acknowledgment the global economy stood on the brink of recession.
Venezuela's Chavez denies problems banking system
VENEZUELA - Venezuelan President Hugo Chavez Sunday declared the financial industry solid and healthy after rumours that Venezuela's largest private-sector bank, Banco Provincial, was about to be subjected to intervention by the central bank due to…
China delegates arrive for key financial summit
CHINA - Delegates began arriving Monday at the Great Hall of the People for a crucial policy meeting that will set the financial system reform agenda for the next five years.
Bank of Italy withdrew 50% of liras at end Jan
ITALY - The Bank of Italy has withdrawn just over half of the old liras in circulation with less than a month to go before the currency is to be entirely replaced by euros, Bank Of Italy Governor Antonio Fazio said Saturday.
Federal Open Market Committee Meeting - Minutes
MINUTES - Minutes of the Federal Open Market Committee for the 11 December, 2001 meeting released 31 January.
Speech by Lars Heikensten of Sweden's central bank
SPEECH - In the speech titled 'Swedish economic policy in the EMU' Lars Heikensten said that participation in European economic and monetary union would be beneficial for the Swedish economy.
Speech by Jarle Bergo, Deputy Governor Norges Bank
SPEECH - In the speech titled '' Jarle Bergo said that "if the growth in the global economy picks up again as we have assumed, we expect consumer price inflation to be about 2.5 percent in two years time."
Transcript of a Press Briefing by Thomas Dawson
PRESS BRIEFING - Thomas Dawson, Director, External Relations Department, International Monetary Fund, 31 January.
Goodhart talks on central bank independence
UK - Professor Charles Goodhart a former member of the Bank of England's Monetary Policy Committee made a powerful argument for central bankindependence in a talk at the London School of Economics yesterday, Thursday. A CentralBankNet correspondent was…
Fed minutes suggest rate hikes sooner than thought
US - A clearly recovering economy may allow the Fed to lift interest rates higher sooner, and by a wider margin, than currently projected - simply because the markets are prepared for such a development.
SNB sell 10.3 tons of gold in latest 10-day period
SWITZERLAND - The Swiss National Bank sold around 10.3 metric tons of surplus gold in the 10-day reporting period ended 31 January, the central bank's regular statistical report showed Friday.
Welteke sees no need for rate cuts now - report
PORTUGAL - Current European Central Bank interest rates are appropriate and there is no need for a cut at this time, Bundesbank President and ECB governing council member Ernst Welteke said in a newspaper interview published Friday.
Slovene gov't adopts Bill on the central bank
SLOVENIA - The Slovene government on Thursday adopted the bill on the Bank of Slovenia which aims to harmonise Slovenia's legislation in the field to that of the European Union. The bill has been sent to parliament, where MPs are to discuss it in second…
IMF tells Argentina to cut spending
ARGENTINA - The International Monetary Fund (IMF) has returned to Argentina to discuss the framework of a new financial aid package for cash-starved government in Buenos Aires.
US keeps interest rates unchanged
US - The US central bank, the Federal Reserve, has left interest rates unchanged Wednesday at 1.75%, saying signs for an economic recovery were "promising".
Speech by David Dodge, Governor of Bank of Canada
SPEECH - In the speech titled 'Inflation Targeting During a Difficult Year' Dodge reiterated his view that the Canadian economy will grow between 1% and 2% in the year's first half and then accelerate. "As I have already noted, it is becoming clearer…