Monetary Policy
Aznar urges Argentina to bite IMF bullet
SPAIN - Spain's prime minister bluntly urged debt-strapped Argentina on Friday to take "painful decisions" and secure a deal with the International Monetary Fund as fast as possible.
Speech by Wim Duisenberg, ECB President, 16 May
SPEECH - Duisenberg said in a speech titled 'Challenges to the ECB's monetary policy' that he believes all the institutional preconditions for a stable currency and macroeconomic success are in place in Europe today.
Speech by Wim Duisenberg, ECB President, 9 May
SPEECH - The European Central Bank president was in Aachen, Germany, today to receive the annual international Charlemagne prize. But Duisenberg's aides rush to make clear that Aachen's city fathers have not actually chosen an individual this year but a…
Speech by Sirkka Hamalainen of the ECB, 30 Apr
SPEECH - In the speech titled 'Consolidation in the European securities infrastructure - what is needed?' Hamalainen said that "By eliminating currency segmentation, the introduction of the euro has naturally been a major factor in the integration of…
The single monetary policy in the euro area
REPORT - ECB publication, General documentation on Eurosystem monetary policy instruments and procedures, 26 April, (update of the November 2000 edition).
Bank of Canada Review, Spring 2002
RESEARCH - The Bank of Canada Review is a quarterly publication that contains economic commentary and feature articles. The Spring 2002 edition was released on 16 May.
Speech by Sushil Wadhwani, Bank of England, 16 May
SPEECH - In a speech titled 'The MPC: Some Further Challenges' Wadhwani slammed the MPC's forecasting methods as flawed and, noted as an arch dove, said interest rates had been set too high over the past five years. He also rebuked deputy governor Mervyn…
Brash makes his first political speech
FEATURE - Prospective National MP Don Brash has made his first political speech since standing down as Reserve Bank of New Zealand governor.
ECB Padoa-Schioppa - 'excessive' talk on inflation
ITALY - European Central Bank board member Tommaso Padoa-Schioppa said the central bank has to monitor with attention the current level of euro-zone consumer prices which remain above 2.0 pct year-on-year, but believes it is "excessive" to describe the…
Argentina central bank denies chairman to resign
ARGENTINA - The central bank has dismissed rumours that the resignation of its chairman, Mario Blejer, was imminent.
Outgoing MPC member criticises B of E rates record
UK - The Bank of England would have delivered a significantly more impressive performance on both growth and inflation if interest rates had been kept lower over the past few years, according to research carried out by Sushil Wadhwani, a soon to depart…
Speech by Glenn Stevens of the RBA, 16 May
SPEECH - Stevens gave a speech titled 'International Economic and Financial Issues: An RBA Perspective' on Thursday and said that the US economy remained the uncertain factor for world growth this year although it was clear a turning point had happened, …
RBNZ Monetary Policy Statement, May 2002
REPORT - The Reserve Bank of New Zealand on Wednesday published its Monetary Policy Statement for May 2002.
Speech by V Bergstrom, Sveriges Riksbank, 15 May
SPEECH - In the speech titled 'Forecasts and business cycles' Deputy Governor Bergstrom said in recent years the Swedish economy has been subjected to relatively large disturbances. The Asian and Russian crisis, as well as severe fluctuations on the…
Research from the Kansas City Federal Reserve Bank
RESEARCH - How High Tech is the Tenth District? by Chad Wilkerson.
World Bank boss visits Afghanistan
AFGHANISTAN - The World Bank's president has reaffirmed his long-term commitment to the development of Afghanistan.
UK's Blair says euro poll 'getting close'
UK - Tony Blair has admitted a referendum on Britain's entry into the single European currency could be "getting close".
Fed's Moskow - Much uncertainty on U.S. recovery
US - Uncertainty lingers over the early shape of the U.S. recovery though the economy is on track for moderate growth and the long-term outlook is good, a Federal Reserve official said on Thursday.
Inflation target would have little effect-BOJ Ueda
JAPAN - A member of the Bank of Japan's Policy Board said on Wednesday an inflation-targeting policy would have little effect when the central bank has insufficient policy tools to convince markets such goals could be achieved.
IMF says HK dlr peg good but needs constant review
US - Hong Kong's dollar peg is appropriate for the region's economy, the International Monetary Fund said on Wednesday, but warned it is a policy that requires constant review.
Strong appeal
FEATURE - An emotional day yesterday for Ian Plenderleith - by Bank of England standards at least. The outgoing head of financial market operations has always been taciturn when helping to unveil the inflation report, reports Thursday's Financial Times.
Carr's role settled at RBNZ
NEW ZEALAND - Rod Carr has been confirmed as Acting Governor of the Reserve Bank for the next six months, or until a permanent appointment has been made.
ECB Occasional Papers Series
RESEARCH - Estimating the trend of M3 income velocity underlying the reference value for monetary growth by C. Brand, D. Gerdesmeier and B. Roffia, May 2002.
Speech by T Padoa-Schioppa of the ECB, 29 Apr
SPEECH - In the speech titled 'Competition, co-operation, public action: Three necessary drivers for European financial integration' Padoa-Schioppa expressed the benefits of the euro when saying "Market segmentation - the opposite of integration - is…