Monetary Policy
Russia's central bank head office may be moved
RUSSIA - Members of a working group drafting amendments to a new law on the Central Bank are proposing moving the bank's head office from Moscow to St. Petersburg.
Parry: Q4 fall off in econ likely sharper than Q3
US - The downturn in high-tech business has been particularly rough for the San Francisco Bay area, where unemployment and commercial vacancies have been rapidly on the rise, said San Francisco Federal Reserve President Robert Parry Monday 19 November.
BoJ deflects US pressure on bonds
JAPAN - The Bank of Japan yesterday deflected pressure from the US administration to buy foreign bonds to weaken the yen by saying that any such move should be made by the ministry of finance intervening directly in the markets.
Bank of England Quarterly Bulletin - Winter 2001
REPORT - The Quarterly Bulletin provides regular commentary on market developments and UK monetary policy operations. It also contains research and analysis and reports on a wide range of topical economic and financial issues, both domestic and…
ECB's Trichet gives little away on rates
EUROPE - European Central Bank Governing Council member and Bank of France Governor Jean-Claude Trichet gave little indication in a German newspaper interview Saturday of when the ECB might cut interest rates again.
Bank's rising star tipped to back rate cut
AUSTRALIA - Long serving central banker Glenn Stevens is the emerging frontrunner to become new deputy governor of the Reserve Bank of Australia - and his first decision is likely to be for another cut in interest rates.
Outsiders part in BI dep gov selection opposed
INDONESIA - A legislator Sunday denied reports on the involvement of outsiders in the House of Representatives (DPR)'s selection of a Bank Indonesia (central bank) deputy governor.
Bank of Mauritius - Annual Report 2001
ANNUAL REPORT - The central bank of Mauritius has published its Annual Report for the year ended 30 June 2001.
Welteke - UK, Denmark, Sweden welcome to join EMU
GERMANY - The UK, Denmark and Sweden are "certainly welcome to join" European monetary union, European Central Bank Governing Council member and Bundesbank President Ernst Welteke said Friday in a speech.
IMF spotlight on Argentina
ARGENTINA - An International Monetary Fund mission arrives in Buenos Aires on Sunday to study the country's accounts and decide whether to continue disbursing funds from Argentina's loan programme.
Cautious thumbs-up for UK economy
UK - The British economy has slowed over the past 12 months, but remains among the strongest in the developed world, a report has said.
Speech from Reserve Bank of New Zealand governor
SPEECH - Address by Donald Brash, governor of the Reserve Bank of New Zealand, to the managers of small and medium-sized businesses in Whangarei, 21 November.
Speech by John Townend of the Bank of England
SPEECH - Speech by John Townend, Director for Europe at the Bank of England at the Institute for International Monetary Affairs Euro Symposium in Tokyo on 16 November.
RBA Bulletin - November 2001
REPORT - The Reserve Bank of Australia has published its November 2001 Bulletin, Measuring the Real Exchange Rate.
Federal Reserve Bulletin - November 2001
RESEARCH - The Economic Performance of Small Banks, 1985-2000 by William F. Bassett and Thomas F. Brady.
Bank of England Monetary Policy Committee Minutes
UK - Minutes of the Bank of England Monetary Policy Committee Meeting held on 7 & 8 November 2001.
Euro changeover may affect Sterling exchange rate
JAPAN - The introduction of euro notes and coins may have implications for the euro-sterling exchange rate, according to Bank of England's director for Europe, John Townend who was speaking in Tokyo.
NZ Brash - Real prospect NZ econ will slow greatly
NEW ZEALAND - There is a "real" prospect of a significant downturn in the New Zealand economy over the next year, allowing interest rates to be lower than previously assumed without jeopardizing price stability, Reserve Bank Governor Donald Brash said…
Bank of England minutes refocus minds in markets
UK - The minutes of November's interest rate meeting at the Bank of England released Wednesday suggest that financial markets may have been premature in assuming interest rates won't fall below their current level.
Germany slips into recession in third quarter
GERMANY - Germany's economy slipped into technical recession in the third quarter, after poor figures for gross domestic product growth confirmed a decline for the second three-month period running.
ECB Duisenberg - EU enlargement no threat to euro
GERMANY - The planned enlargement of the European Union by a number of accession countries poses no threat to the euro currency, European Central Bank President Wim Duisenberg said Friday.
UK shouldn't miss further opportunities in Europe
UK - United Kingdom Prime Minister Tony Blair said Friday that the U.K. shouldn't miss any further opportunities in Europe particularly regarding the euro.
Cash transfer move falters in Europe
EUROPE - The European Commission's 12-year attempt to reduce charges for cross-border money transfers in Europe is in danger of collapsing because of last-minute opposition from several European Union members and fierce lobbying by banks.
ECB Issing - Euro undervalued deficit targets stay
SPAIN - European Central Bank Chief Economist Otmar Issing said Friday that the euro is undervalued and that he remains confident that the currency's value will rise in the future.