Monetary Policy
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…
Speech by Otmar Issing of the ECB, 29 Apr
SPEECH - In a speech titled 'Monetary Policy in an Environment of Global Financial Markets' Issing said "Understanding global financial linkages is important, not least from the perspective of a central banker. Further integration of European financial…
Speech by Stefan Ingves of the IMF, 15 May
SPEECH - In the speech 'Meeting the Challenges for the Chinese Financial Sector: What Have We Learned from Other Countries?' Ingves said that over the past decade, much has been achieved in building the institutions, markets, and legal infrastructure for…
Asian Development Bank - Annual Report 2001
ANNUAL REPORT - ADB says it has met the challenges of 2001 - strengthening itself with the approval of key policies and strategies, encouraging participation and broadening partnerships, and providing loan and technical assistance where needed.
RBNZ raises Official Cash Rate to 5.5%
NEW ZEALAND - Reserve Bank of New Zealand Acting Governor Rod Carr justifies the bank's decision to increase the Official Cash Rate in a statement, and warns of further increases over the year ahead.
Papademos underlines importance of M3
GERMANY - ECB vice-president designate Lucas Papademos said he supports the first pillar of the ECB's monetary policy strategy and that analysis of M3 money supply growth should continue.
BoJ's Ueda advises higher govt spending in Japan
JAPAN - Bank of Japan policy board member Kazuo Ueda said that a small rise in government spending may stimulate the economy without significantly affecting long-term interest rates and that the bank should aim for 1-2% inflation.
Argentina's central bank raises dollar sell rate
ARGENTINA - The central bank has raised the dollar sell rate to 3.24 pesos from 3.19 pesos.
Riksbank's Bergstroem worries about inflation
SWEDEN - The Riksbank's deputy governor Bergstroem said the bank's research estimates wage rises of 4% over the next two years, which is not compatible with the inflation target of 2%. Further interest rate hikes may be necessary in the future.
Speech by David Dodge of Bank of Canada, 9 May
SPEECH - In the speech titled 'Canada's Recent Economic Performance' Dodge said the terrorist attacks in September created a great deal of uncertainty and the consequent aggressive lowering of interest rates resulted in annualised growth of 2 percent…
Speech by Fed Vice Chairman Roger Ferguson, 13 May
SPEECH - In a speech titled 'Reflections on Financial Literacy' Ferguson said that financial education is important to ensure U.S. residents enjoy the benefits provided by a market economy to the fullest extent possible.
Speech by A Santomero of Philadelphia Fed, 13 May
SPEECH - Santomero said in the speech titled 'Forces Shaping Philadelphia's Future' that US economic growth is likely to moderate during the second quarter from its robust 5.8 percent first-quarter pace, but that the economy is building a solid recovery.
IMF Economic Issues, May 2002
REPORT - Moral Hazard: Does IMF Financing Encourage Imprudence by Borrowers and Lenders? by Timothy Lane and Steven Phillips , 3 May 2002.
Polish cen bank dep chairman favours fixed ex rate
POLAND - Central bank deputy chairman Andrzej Bratkowski said the economy could benefit from a fixed zloty rate in a situation when the inflow of foreign capital linked with the prospect of Poland's EU accession will continue to strengthen the zloty.
House of Commons Treasury Committee
PRESS RELEASE - Bank of England Monetary Policy Committee: Confirmation hearings for new members, 14 May.
Brazilian bank chief's warning
BRAZIL - Arminio Fraga, president of Brazil's central bank, said yesterday that he was worried by "a certain lack of coherence" in the economic programmes offered by candidates for the October presidential election.
Eurozone economy to grow 2.5% at year-end
SPAIN - The rate of economic recovery in the eurozone is unclear but the economy should probably be growing at about 2.5 per cent at the end of this year, European Central Bank (ECB) vice-president Christian Noyer said on Sunday.
Bank governor George dismisses 'double-dip' chance
UK - The world's leading economies are not expected to fall prey to the much-dreaded "double-dip downturn", Sir Edward George, governor of the Bank of England, said yesterday.
RBA Statement on Monetary Policy
REPORT - Reserve Bank of Australia, Statement on Monetary Policy, 10 May.
Statement by Governor for the Republic of China
PRESS RELEASE - Statement by the Governor for the Republic of China at the 35th Annual Meeting of the Asian Development Bank, Fai-nan Perng, 11 May.
Speech by T Latter, Deputy Chief Exec HKMA, 13 May
SPEECH - In the speech titled 'Who or what determines monetary policy in Hong Kong?' Latter suggests that the aim of monetary stability would not be assisted by altering the current arrangements, whether by pinning our currency to that of Hong Kong's…
Brazil's central bank calms inflation fears
BRAZIL - Arminio Fraga, the president of the Brazilian central bank, on Friday sought to alleviate concern over accelerating inflation after the consumer price index posted a 0.8 per cent increase in April. This brings the increase in consumer prices…
Syrian premier meets Jordanian banking delegation
SYRIA - Premier Dr Muhammad Mustafa Miro on Sunday 12 May received the governor of the Jordanian Central Bank Mr Ummaya Tukan, the Director of the Jordanian Housing Bank Mr Zuhair al-Khuri, the General Director of the Jordanian Housing Bank for Financing…
Taiwan c bank chief protests name change at ADB
CHINA - Central Bank of China (CBC) Governor Perng Fai-nan on Saturday protested Taiwan's name change in the Asian Development Bank (ADB).