Monetary Policy
BoE's Clementi makes no comment on future of rates
UK - Bank of England Deputy Governor David Clementi used a speech on Wednesday 10 October to discuss the international financial system, confounding rumours that he planned to signal the Bank would not cut interest rates again.
Speech by Glenn Stevens of the RBA
SPEECH - Speech at the Economic Society of Australia (Victorian Branch) Forecasting Conference, Melbourne, 10 October, by Glenn Stevens, Assistant Governor, Economic Group, Reserve Bank of Australia.
General economic development and banking in Latvia
SPEECH - Speech by Einars Repse, Governor, Bank of Latvia, October 2001.
Australia RBA Stevens cautious on monetary policy
AUSTRALIA - Reserve Bank of Australia assistant governor Glenn Stevens struck a cautious note on monetary policy in a speech given on Wednesday, indicating that the actual level of interest rates is more important than changes in rates.
Bank of Japan warns on loosening monetary policy
JAPAN - Masaru Hayami, governor of the Bank of Japan, warned yesterday that loosening monetary policy could trigger hyperinflation, highlighting the growing gap between the Bank of Japan's thinking and that of the government and many private sector…
Central Bank of China - Annual Report 2000
ANNUAL REPORT - The Central Bank of China, Taiwan, has published its Annual Report for the year 2000.
Speech by Sirkka Hamalainen of the ECB
SPEECH - Speech delivered by Dr. Sirkka Hamalainen, Member of the Executive Board of the European Central Bank, 12th Wirtschaftssymposium, "Global Business - Redefining the Challenge", European Business School, Oestrich-Winkel, 5 October.
Speech by the Governor of Bank Negara Malaysia
SPEECH - Speech by Y.Bhg. Tan Sri Dato' Dr. Zeti Akhtar Aziz, Governor, Bank Negara Malaysia at the Chartered Institute of Management Accountants (CIMA) Lecture 2001 at Mandarin Oriental, 17 September.
Speech by David Klein governor of Bank of Israel
SPEECH - Speech prepared by David Klein, Governor of the Bank of Israel for A Government Discussion, 5 August.
Federal Reserve Bank of Minneapolis research
RESEARCH - Are Phillips Curves Useful for Forecasting Inflation? By Andrew Atkeson and Lee E. Ohanian both professors of economics at the University of California, Los Angeles.
The Magic's Gone
RESEARCH - A hard look at the data shows that the famous NAIRU Phillips curve does no better at forecasting inflation than a simple look at the past. From 'The Region' published quarterly by the Federal Reserve Bank of Minneapolis, September 2001.
Rates and price goals in harmony - Hamalainen
GERMANY - European Central Bank executive board member Sirkka Hamalainen said Friday 5 October in a speech that the ECB continues to pursue a "steady-hand" monetary policy, rather than an activist one following the 11 September terrorist attacks in the U…
Triennial Central Bank Survey
RESEARCH - Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity 2001 published by the Bank for International Settlements, 9 October.
Germany plans central bank account register
GERMANY - Hans Eichel, Germany's finance minister, has unveiled an unprecedented package of measures to combat terrorist funding, including the creation of a central register of all bank accounts.
Japan deflation has both supply and demand causes
JAPAN - Bank of Japan Governor Masaru Hayami reiterated Tuesday 9 October that weak demand is increasingly dragging down the nation's prices but that the central bank alone can't fight deflation.
Fed rate cuts have hurt dollar versus euro - OECD
FRANCE - Aggressive interest rate reductions this year by the U.S. Federal Reserve were a factor in the dollar's decline against the euro during the summer, the Organization for Economic Cooperation and Development said Monday.
G7 leaders unite to overcome economic fallout
US - The chairman of the US Federal Reserve, Alan Greenspan, has said that the terror attacks on America have penalised the global economy in a manner similar to raising interest rates worldwide.
Bank of England governor positive on UK prospects
UK - Sir Edward George, the governor of the Bank of England, believes the 11 September attacks on the US have not had a great effect on Britain's domestic economy and he has suggested they may have only a short-term effect on the world economy.
Speech by Jean-Pierre Roth of Swiss National Bank
SPEECH - Jean-Pierre Roth, Chairman of the Governing Board of the Swiss National Bank, Swiss Bankers Day of the Swiss Bankers Association, Lugano, 14 September.
Research by Lars Svensson of Princeton University
RESEARCH - Inflation Targeting: Should It Be Modelled as an Instrument Rule or a Targeting Rule?
Speech by Deputy Governor of Sweden's central bank
SPEECH - Speech on Sweden and the world economy by Lars Nyberg, Deputy Governor of Sveriges Riskbank, Sweden's central bank at Danske Securities on 24 September.
CBR no longer responsible for inflation
RUSSIA - On 3 October, the Central Bank of Russia presented the State Duma with the draft of The Basic Guidelines of a Single State Monetary and Credit Policy for 2002, which assumes an annual inflation of between 12% and 14% for next year.
ECB Press Release
PRESS RELEASE - Euro banknotes to be produced until 31 December 2001.
BOJ faces pressure to take more radical steps
JAPAN - The Bank of Japan's Policy Board will come under intense pressure this week to take more radical actions in countering what many fear is the growing threat of a deflationary spiral in the economy.