Monetary Policy
Speech by Michael Moskow, President, Chicago Fed
SPEECH - In the speech titled 'Economic Trends 2002' Moskow said that he did not see a near-term threat to the U.S. economy from deflation, although prices for some goods have been declining. "I don't see deflation as a threat to our economy on the near…
Fed's Moskow says sees no U.S. deflation threat
US - Chicago Federal Reserve President Michael Moskow said on Friday that he did not see a near-term threat to the U.S. economy from deflation, although prices for some goods have been declining.
Speech by Jack Guynn President of the Atlanta Fed
SPEECH - In the speech titled 'The Economic Outlook for 2002' Jack Guynn said he was closely watching corporate profits for signals of a turnaround in the U.S. economy.
Speech by John Townend of the Bank of England
SPEECH - In the speech Townend acknowledged that "the sterling exchange rate is clearly overvalued, at least against the euro". But he went on to insist that a fall in its value would create inflationary pressures.
Bank of England official: 'Leave pound alone'
UK - A senior Bank of England official has warned against artificially reducing the value of the pound.
US comments push down on yen
US - Mixed messages from the US administration have helped Japan's currency touch new lows.
Regional Economy Newsletter Winter 2002
RESEARCH - The Winter 2002 Regional Economy Newsletter for upstate New York has been issued by the Federal Reserve Bank of New York.
Speech by Governor of the State Bank of Pakistan
SPEECH - In the speech Ishrat Hussain said there are so many challenges ahead and "we have a lot more to do, and as events unfold in 2002, I'm sure the President and the elected government will make decisions that best suits Pakistan.
Slovak FinMin Schmognerova sacked by her SDL party
SLOVAKIA - The Slovak ruling coalition SDL party said on Monday it would replace a key government reformist, Finance Minister Brigita Schmognerova, with a little-known central bank economist, Frantisek Hajnovic.
Argentina rush to contain rage over bank deposits
ARGENTINA - Argentina's new government rushed on Monday to soothe public rage over its decision to drastically reduce the dollar value of bank deposits, saying it was studying measures to ease the pain.
Gerashchenko may stay in office for another term
RUSSIA - Viktor Gerashchenko is ready to head the Central Bank of Russia for another term in office. He announced this position talking with reporters.
Argentina to ban purchase of dollars with cheques
ARGENTINA - Central Bank Director Aldo Pignanelli said that the bank will not be allowed from tomorrow to accept payment by cheque for the dollars they sell.
Greenspan O'Neill to testify on financial literacy
US - Federal Reserve Chairman Alan Greenspan, Treasury Secretary Paul O'Neill, and Securities and Exchange Commission Chairman Harvey Pitt will testify in Congress early next month on efforts to promote financial literacy, the Senate Banking Committee…
Speech by Federal Reserve Governor Ed Gramlich
SPEECH - In the speech titled 'Predatory Lending' Gramlich said recent updates to the Federal Reserve's anti-predatory lending regulations tried to target especially harmful practices, rather than subprime lending in general.
Gramlich - Survey influenced new loan measures
US - Recent updates to the Federal Reserve's anti-predatory lending regulations tried to target especially harmful practices, rather than subprime lending in general, Federal Reserve Governor Edward Gramlich said Friday.
Speech by J Alfred Broaddus Richmond Fed President
SPEECH - In the speech 'Thoughts on the Economic Outlook for 2002' Broaddus said that the Fed's policy moves to date have been "significant" and will help with the economic recovery.
Philadelphia Business Outlook Survey
REPORT - Federal Reserve Bank of Philadelphia, Business Outlook Survey, 17 January 2002.
Broaddus - Fed moves significant and help recovery
US - Richmond Federal Reserve Bank President Alfred Broaddus said Friday the Fed's policy moves to date have been "significant" and will help with the economic recovery.
Bank of Japan Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan, Monetary Policy Meeting on 18, 19 December 2001.
Bank of Japan Monetary Policy Meeting
MINUTES - Minutes of the Bank of Japan, Monetary Policy Meeting on 29 November 2001.
A question of balance at the ECB
ARTICLE - Although the European Central Bank is independent and sets policy on a eurozone-wide basis, a huge effort is made to keep representation of the constituent nations in balance.
Pakistan to establish forex reserves system
PAKISTAN - The State Bank of Pakistan (SBP) is putting in place a forex reserves management system (FRMS) in order to earn maximum return for the country.
Urdu version of Pakistan Governor's book launched
PAKISTAN - Translated edition of the book, "Pakistan-The Economy of an Elitist State", written by the Governor State Bank of Pakistan, Dr Ishrat Hussain, was formally inaugurated on Friday at a local hotel.
IMF: Argentina may spark inflation with note print
ARGENTINA - IMF Deputy Managing Director Anne Krueger said that the Argentine authorities may spark inflation if they start printing money, and thus neutralise any other economic measure taken to overcome the country's financial crisis.